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EPIC Ventures is a venture capital firm founded in 2008 and based in Salt Lake City, Utah. The firm specializes in early-stage technology investments, focusing on sectors such as education technology, financial technology, healthcare, and software as a service. EPIC Ventures has a strong presence in the Mountain West region and has built a reputation for supporting innovative startups.
The firm manages over $170 million in assets and has made a total of 201 investments across 110 portfolio companies. EPIC Ventures has a rich history of investing in technology, with its team bringing nearly three decades of experience in the field. The firm has achieved notable milestones, including 17 IPOs and over 50 acquisitions, showcasing its successful track record in identifying and nurturing high-potential startups.
EPIC Ventures has established partnerships with institutions such as the University of Utah, enhancing its ability to drive commercialization and innovation within the region. This collaboration, launched in September 2024, aims to bridge the gap between academic research and market-ready solutions, further solidifying EPIC's role as a key player in the Utah tech ecosystem.
EPIC Ventures primarily invests in early-stage companies across several sectors, including education technology (edtech), financial technology (fintech), healthcare, software as a service (SaaS), and security. The firm targets investment stages ranging from pre-seed to Series A, allowing it to engage with startups at various points in their development. EPIC Ventures emphasizes innovation and seeks to support entrepreneurs who are addressing real-world challenges through technology.
The firm looks for startups that demonstrate significant growth potential and a clear path to commercialization. EPIC Ventures values founders who are passionate about their solutions and possess a strong understanding of their market. The firm also prefers to engage in co-investment opportunities, collaborating with other investors to maximize the impact of their capital and expertise.
In addition to financial support, EPIC Ventures provides strategic guidance and access to a robust network, helping portfolio companies navigate the complexities of scaling their businesses. This approach not only enhances the likelihood of success for their investments but also contributes to the overall growth of the technology sector in the Mountain West region.
EPIC Ventures has a diverse portfolio of 110 companies, showcasing its commitment to early-stage technology investments. Notable portfolio companies include:
In addition to its current portfolio, EPIC Ventures has achieved significant exits, including:
Kent Madsen - Co-founder & Managing Partner. Kent has over 20 years of experience at EPIC Ventures and serves on the boards of Zions First National Bank and the University of Utah. He has a strong background in venture capital and technology investments.
Nick Efstratis - Co-founder & Managing Partner. Nick also brings over 20 years of experience to the firm, focusing on early-stage technology investments and strategic partnerships.
Jack Boren - Managing Partner. Jack has extensive experience in venture capital and has been instrumental in driving EPIC's investment strategy.
Craig Jeppson - Principal. Craig plays a key role in sourcing and evaluating new investment opportunities for the firm.
Riley Jarman - Senior Associate. Riley supports the investment team in due diligence and portfolio management.
Nick Buroker - CFO. Nick oversees the financial operations of EPIC Ventures, ensuring sound fiscal management.
Charles Fisher - Venture Partner. Charles brings a wealth of experience in technology and entrepreneurship to the firm.
Geoff Swindle - Venture Partner. Geoff focuses on identifying and supporting high-potential startups within the portfolio.
Ryan WestWood - Venture Partner. Ryan contributes to the firm's investment strategy and portfolio development.
To pitch to EPIC Ventures, founders should visit their website at epicvc.com and submit their pitch deck through the provided channels. It is essential to include a comprehensive overview of the business, market analysis, and details about the founding team. EPIC Ventures values clarity and conciseness in pitch materials.
Response times can vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, as they can enhance the likelihood of a favorable review. Founders should be prepared to discuss their business model, growth strategy, and how their solution addresses a specific market need.
In March 2024, EPIC Ventures led a $34 million Seed round for Fullcast, a RevOps platform, in collaboration with Companyon Ventures, Firsthand Alliance, True Blue Partners, and Sepio Capital. This investment highlights EPIC's commitment to supporting innovative technology solutions.
In September 2024, EPIC Ventures launched a strategic partnership with the University of Utah, named 'University of Utah Ventures, Powered by EPIC.' This initiative aims to commercialize university research and enhance the growth of technology startups in the region.
As of 2023, EPIC Ventures has made a total of 201 investments, with a portfolio that includes 110 companies. The firm continues to focus on early-stage investments, particularly in sectors such as SaaS, healthcare, and fintech.
What are EPIC Ventures' investment criteria?
EPIC Ventures invests in early-stage technology companies across sectors such as edtech, fintech, healthcare, and SaaS. The firm targets pre-seed to Series A stages and looks for startups with significant growth potential and innovative solutions.
How can I apply or pitch to EPIC Ventures?
Founders can pitch to EPIC Ventures through their website at epicvc.com. It is recommended to include a clear business plan, market analysis, and details about the founding team in the pitch deck.
What makes EPIC Ventures different from other VC firms?
EPIC Ventures has deep roots in the Utah tech ecosystem and a strong track record of successful exits, including 17 IPOs and over 50 acquisitions. The firm's strategic partnerships, such as with the University of Utah, enhance its ability to support portfolio companies.
What is the geographic scope of EPIC Ventures?
EPIC Ventures primarily focuses on investments within the United States, particularly in the Mountain West region, including Utah, Colorado, and New Mexico.
What is the average check size for investments?
EPIC Ventures typically participates in rounds averaging around $14 million, with a focus on early-stage investments that align with their strategic interests.
What kind of post-investment involvement does EPIC Ventures have?
EPIC Ventures provides strategic guidance, operational support, and access to a robust network to help portfolio companies scale effectively. The firm is actively involved in the growth and development of its investments.
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