Announcement

Money

Articles in the "Money" category primarily relate to a funding announcement of some sort, typically from an institutional investor such as a venture capital firm, or from a family office, an angel investor, or any combination of private investors. These stories focus mainly on the funding details (who, when, how much, what it will be used for, etc.)

Money

Articles in the "Money" category primarily relate to a funding announcement of some sort, typically from an institutional investor such as a venture capital firm, or from a family office, an angel investor, or any combination of private investors. These stories focus mainly on the funding details (who, when, how much, what it will be used for, etc.)

Money   -   Feb 24, 2021 foreUP Acquired by Clubessential Holdings
foreUP Acquired by Clubessential Holdings

foreUP, the management and marketing system for the golf industry, has been acquired by Clubessential Holdings, a Battery Ventures Company. Based in Pleasant Grove Utah, foreUP was founded in 2011 by Evan Teshima (CEO), Joel Hopkins, and Joel Ragar. The startup took only two small rounds of investment. Till now,

Money   -   Feb 15, 2021 Owlet Goes Public Via SPAC, Valued Over $1 Billion
Owlet Goes Public Via SPAC, Valued Over $1 Billion

Owlet Baby Care based in Lehi Utah announced today it will be joining Sandbridge Acquisition Corporation, a Special Purpose Acquisition Corporation (SPAC) in a merger meant to take Owlet public on the New York Stock Exchange. The new ticker symbol is expected to be “OWLT”. The projected valuation after the

With Focus on Deep Tech, PassiveLogic Reinvents Building Control
Money   -   Feb 25, 2021 With Focus on Deep Tech, PassiveLogic Reinvents Building Control

“If investors were innovators, they’d be founders, not investors.” It’s a potentially controversial take from Troy Harvey, cofounder of PassiveLogic. In fairness, he’s spent a lot of time in front of investors.  “When we first started, we went to [the hub of investors in the San Francisco

by Mark Tullis
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Money   -   Feb 25, 2021 With Focus on Deep Tech, PassiveLogic Reinvents Building Control
With Focus on Deep Tech, PassiveLogic Reinvents Building Control

“If investors were innovators, they’d be founders, not investors.” It’s a potentially controversial take from Troy Harvey, cofounder of PassiveLogic. In fairness, he’s spent a lot of time in front of investors.  “When we first started, we went to [the hub of investors in the San Francisco

by Mark Tullis
Money   -   Feb 24, 2021 foreUP Acquired by Clubessential Holdings
foreUP Acquired by Clubessential Holdings

foreUP, the management and marketing system for the golf industry, has been acquired by Clubessential Holdings, a Battery Ventures Company. Based in Pleasant Grove Utah, foreUP was founded in 2011 by Evan Teshima (CEO), Joel Hopkins, and Joel Ragar. The startup took only two small rounds of investment. Till now,

by Austin Craig
Money   -   Feb 15, 2021 Owlet Goes Public Via SPAC, Valued Over $1 Billion
Owlet Goes Public Via SPAC, Valued Over $1 Billion

Owlet Baby Care based in Lehi Utah announced today it will be joining Sandbridge Acquisition Corporation, a Special Purpose Acquisition Corporation (SPAC) in a merger meant to take Owlet public on the New York Stock Exchange. The new ticker symbol is expected to be “OWLT”. The projected valuation after the

by Austin Craig
Money   -   Feb 11, 2021 Epic Ventures Exits Volta Industries through SPAC
Epic Ventures Exits Volta Industries through SPAC

This week Epic Ventures, a VC firm in Salt Lake City, closed its 2013 investment of Volta Industries through a purchase of Volta by Tortoise Acquisition Corp. II, a Special Purpose Acquisition Company (SPAC). SPACs are an increasingly popular way to acquire, merge, purchase, or take a company public. SPAC

by Mark Tullis
Money   -   Feb 09, 2021 “AI Dungeon” Maker Latitude Raises $3.3 Million to Create Endless Gaming
“AI Dungeon” Maker Latitude Raises $3.3 Million to Create Endless Gaming

Latitude, the Provo based software company behind AI Dungeon, announced it has raised $3.3 million in seed funding. The round is led by NFX Partners out of San Francisco, with Utah’s Album VC and Los Angeles based Griffin Gaming Partners also participating. This comes on the back of

by Austin Craig
Money   -   Jan 27, 2021 Qualtrics Surges to $21.8 Billion Valuation After IPO
Qualtrics Surges to $21.8 Billion Valuation After IPO

Qualtrics made history today with Utah’s biggest IPO ever. The company raised $1.55 Billion in its first day of trading as a public company, far exceeding past Utah IPOs. The company sold approximately 51.7 million shares of XM. Shares were priced at $30. With over 511 million

by Caden Judd
Money   -   Jan 25, 2021 Metasource Acquires Digiscribe
Metasource Acquires Digiscribe

MetaSource, LLC, with corporate offices in Draper Utah, recently announced their acquisition of Digiscribe, a similar business on the East-coast. The acquisition price wasn’t announced. MetaSource offers various services in enterprise automation and document digitization to help businesses with their complex back office workflows.  “We help other organizations

by Austin Craig
Money   -   Jan 14, 2021 SocialClimb Raises $12 Million
SocialClimb Raises $12 Million

About seven years ago, Ty Allen was involved in a serious accident that he initially thought would result in his being permanently disabled for the rest of his life. During what he thought was a friendly game of basketball, Allen found himself on the floor with no feeling from the

by Baylee Hite
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