Fundraising Fox

EPIC VENTURES

Venture capital

Salt Lake City · Seed–Series B · 41 people tracked

Also known as Epic Funds Llc · WASATCH MANAGEMENT PARTNERS, L.L.C.

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Fund manager profile

EPIC VENTURES is a venture fund manager based in Salt Lake City. SEC filings show 3 venture funds on record, most recently EPIC VENTURES VII, L.P. filed February 2025.

Source: SEC EDGAR Form D filings. Firm website data not yet available.

Stage
Seed–Series B
HQ
Salt Lake City, Utah, US
Founded
1994
Last 12 months
4 investments
Private fund assets
$277M
VC funds
7
Tracked investments
136

Team · 41 people

from the firm's website
Andy Theurer· Chief Executive Officer - ARUP Laboratories
Jim Higginsin
Kent Gordon· Chief Financial Officer - ARUP Laboratoriesin
Leo Lin· Senior Medical Director Research & Innovation - ARUP Laboratoriesin
Mike Borenin
Riley Jarman· Senior Associatein
Wade Shermanin

7 people who came through EPIC VENTURES went on to found or lead other companies.

+ 1 more

What they invest in

from 49 of 136 portfolio companies

SaaS ×23AI & Machine Learning ×21Enterprise Software ×17Healthtech ×10Digital Health ×8Cloud Computing ×7Data & Infrastructure ×7Deep Tech ×5

HQs:United States×49United Kingdom×1

Who they back

founder profiles across 24 portfolio companies
50%
solo founders
12 of 24 mapped founding teams
67%
repeat founders
of 15 founders with career history
~2.5 yrs
old at investment
median across 10 dated deals

Founding team size:solo founder×122 founders×93 founders×3

Where their founders studiedfrom 12 founders with education data

Brigham Young University ×3UC San Diego ×2

Where their founders worked beforefrom 15 founders with career history

Matrix ×2Pluralsight ×2Ridgecrest Capital Partners ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

Investments · 136 tracked

founders shown can be your intro path

By year:2026 · 32025 · 32024 · 12023 · 22019 · 22018 · 12017 · 22016 · 22015 · 32014 · 22012 · 122 dated

Everspineverspin.comin𝕏NASDAQ: MRAMJan 2012

Everspin Technologies manufactures Magnetoresistive Random Access Memory (MRAM) products for mission-critical applications requiring high reliability, low power consumption, and fast access.

Deep TechHardwareSemiconductorsChandler, US

PHILLIP LOPRESTI(Executive Officer, Director)ROBERT SCHUCH(Executive Officer)

BoardLARRY FINCH(Director)STEPHEN SOCOLOF(Director)PETER HEBERT(Director)GEOFF TATE(Director)

Co-investorsLux Capital

Exagenexagen.comin𝕏NASDAQ: XGN

Exagen develops diagnostic and monitoring tests for autoimmune diseases, including tools to distinguish connective tissue disease and assess lupus prognosis and progression.

BiotechDigital HealthHealthtechMedical DevicesVista, US

Thierry Dervieux(Executive Officer)Wendy Swedick(Executive Officer)Fortunato R. Rocca(Executive Officer, Director)

BoardJames L.L. Tullis(Director)inBrian Birk(Director)Ebetuel Pallares(Director)

Co-investorsCottonwood Technology FundH.I.G. CapitalH.I.G. HealthBridge PartnersSun Mountain CapitalTullis Health InvestorsTullis

Health Catalysthealthcatalyst.comin𝕏NASDAQ: HCAT

Health Catalyst provides a data platform, analytics applications, and AI-powered insights that help healthcare organizations improve clinical, financial, and operational performance.

AI & Machine LearningData & InfrastructureDigital Health

Co-investorsDecheng CapitalFifty YearsKaiser Permanente VenturesNorwest Venture PartnersOSF VenturesTenaya Capital+1 more

Shard Secureshardsecure.comin𝕏Feb 2025✓ verified

ShardSecure provides agentless, file-level encryption and its patented Microshard technology to secure data across on-premises, cloud, and hybrid/multi-cloud environments for enterprises.

Cloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareSaaSNew York, US

Bob Lam(Executive Officer, Director)in

BoardRon Gula(Director)inLouis A. Steinberg(Director)Jesper Tohmo(Director)Stephen Fredrick(Director)in

Board seatNick Efstratis· per SEC Form D

Co-investorsGula Tech AdventuresIndustrifondenGrotech Ventures500 GlobalSINEWAVE VENTURESThe Fund

Flowlieflowlie.comin𝕏✓ verified

Quill (operated by Flowlie Technologies) provides a managed back-office function that unifies finance, HR, compliance, capital planning, and board preparation for startup founders.

Enterprise SoftwareFintechFuture of WorkHR TechSaaS

Kaben Clauson(Co-Founder & CEO)Ian Cohen(Co-Founder & CEO)Rick Gordon(Co-Founder & CEO)Adam Stepanovic(Co-Founder & CEO)Philip Odelfelt(Co-Founder & CEO)inVlad Cazacu(Founder)in

Co-investorsBaseLayer VenturesBright Pixel CapitalGeek VenturesGlasswing VenturesSage Venture PartnersSQUADRA VENTURES+4 more

Focus IPMar 2026SEC filingmedium confidence

Boise, US

Adam Busch(Executive Officer)Faisal Shah(Executive Officer, Director)

BoardJames Pavlik(Director)Howard Smith(Director)George Mulhern(Director)

Board seatNick Efstratis· per SEC Form D · $1.8M raise · filed Mar 2026

GravitApr 2019SEC filingmedium confidence

Salt Lake City

Cameron Brain(Executive Officer, Director)Eric Roach(Director)

Board seatNick Efstratis· per SEC Form D · $1.5M raise · filed May 2019

Instructureinstructure.comin𝕏Nov 2014

Instructure develops Canvas, Mastery, and Parchment—learning management, assessment, and credential management platforms for educational institutions.

AI & Machine LearningCloud ComputingEdTechEnterprise SoftwareSaaSSalt Lake City, US

BRIAN WHITMER(Director)Brian Whitmer(Founder)inSteve DalyinMatt KaminerinAudrey ZhaoArmin Molavi

Board seatNick Efstratis· per SEC Form D

Co-investorsBessemer Venture PartnersDraper AssociatesEvolution VC PartnersGolub GrowthInsight PartnersLumos Capital Group+1 more

LionHeart InnovationsAug 2015SEC filingmedium confidence

Sandy, US

Tammy Bowers(Executive Officer, Director)Joseph Bowers(Director)

Board seatRyan WestWood· per SEC Form D · $174K raise · filed Sep 2015

Adaptive Computing
Aligned Marketplacealignedmarketplace.comin

Aligned operates a marketplace connecting employers with independent advanced and direct primary care physicians, giving working families access to primary care benefits across multiple locations.

B2B MarketplacesDigital HealthHealthtechMarketplaces

Co-investorsA*BoxGroupVenrockMaverick Ventures

Amenities
Ancestry
Area 1 Securityarea1security.comin𝕏acquired by Cloudflare

AI & Machine LearningCybersecurityEnterprise SoftwareMenlo Park, US

Oren J. Falkowitz(Executive Officer, Director)

BoardDerek W. Smith(Director)

Co-investorsAllegisCyber CapitalCowboy VenturesDCVC (Data Collective)ForgePoint CapitalKleiner Perkins

Artifact
Aspen AvionicsSep 2014

Albuquerque, US

Mark Ferrari(Executive Officer)Todd Hauge(Secretary; Chief Financial Officer)David Bibby(Executive Officer)John Uczekaj(President; Chief Executive Officer)

BoardEric Zimits(Director)Pasquale Schiano(Director)

ASTI
Better MeatAug 2025 · $31M

West Sacramento, US

Paul Shapiro(Executive Officer, Director)Nikhil Prashar(Executive Officer)Stu Strumwasser(Director)Brian Ottens(Director)Milena Esherick(Director)

BoardGlenn Hickman(Director)

Co-investorsFuture Ventures

Blue Matadorbluematador.comin𝕏Jul 2016

Blue Matador is an automated monitoring and alerting tool that watches system and custom metrics, detects unusual activity and leading indicators of failure, and surfaces proactive insights and alerts.

Cloud ComputingDeveloper ToolsSaaSHerriman, US

Matthew Barlocker(Executive Officer, Director)

Co-investorsPeterson Venture PartnersPeterson VenturesPrelude Ventures

Blyncsyblyncsy.comin

Blyncsy provides an AI-powered platform that uses crowd-sourced dash camera imagery to automate roadway inspection, maintenance, and asset inventory for cities and state Departments of Transportation.

AI & Machine LearningGovTechMobility & TransportationSalt Lake City, US

Mark Pittman(Executive Officer, Director)in

BoardBenjamin Dahl(Director)Benjamin Capell(Director)

Co-investorsKickstart

Braintrace
Brim Financial
Calycia Biosciencecalyciabioscience.com

Calycia Bioscience is a biotechnology company developing engineered macrophage cell therapies delivered locally into the brain to target aggressive solid tumors of the central nervous system.

BiotechDeep TechHealthtechSalt Lake City, US

Canopy
Cerberian
Cionic
Clinkle
Cloud LendingJan 2017

San Mateo, US

SNEHAL FULZELE(Executive Officer, Director)DARPAN SAINI(Director)ILEANA FALTICENI(Executive Officer)STEVE LANCE(Executive Officer)Shilpa Badadare(Executive Officer, Director)

BoardNEIL WOLFSON(Director)

Collective Medical
Consolidated EnergyJul 2017

EnergyFrisco, US

Richard E Boyle(Executive Officer, Director, Promoter)

Conversa
Culmination Bio
Daffodil Health
Dash LX
Datazoom
DivXdivx.comin𝕏

DivX develops digital video software, including a video player and video converter, along with video codec technology licensed for playback across consumer devices.

ConsumerMedia & EntertainmentSaaS

Jerome Rota(Founder)inChester Ng(Director of Business Development)in

Co-investorsInsight Partners

Dr Treat
Equality AIequalityai.com
Eventsnotioncapital.comin𝕏

Pivot is an AI operating system for procurement that manages the complete procurement lifecycle in a single platform, built on a modern data layer with real-time ERP connections and AI agents for tasks such as benchmarking, intake requests, and negotiations.

AI & Machine LearningDeep TechDefense TechEnterprise SoftwareFintechHR TechRoboticsSaaS

Paddy(Founder)Malcolm Crease(CEO & Founder)Marc-Antoine Lacroix(Co-founder)Romain Libeau(Co-founder)Estelle Giuly(Co-founder)Stephen Millardin

Co-investorsNotion CapitalA16Z SpeedrunForestay CapitalEnterprise Capital FundsCompanyon VenturesFirstMark Capital+1 more

Eventsevents.comin𝕏

Events.com is an AI and machine learning-powered platform for creating, promoting, and discovering events.

AI & Machine LearningB2B MarketplacesMarketplacesSaaSLa Jolla, US

Mitch Thrower(CEO, Chairman and Co-Founder)Mitch T.(Founder)inJeff Cameron(Chief Technical Officer)Paul Brown(Chief Financial Officer)Paolo Privitera(Director)Doug Harrison(Director)

Co-investorsElizabeth Street VenturesMoore Venture PartnersPrimo VenturesRaptor GroupFirstMark CapitalGoodwater Capital

Everdream
EveryoneSocialeveryonesocial.comin𝕏

EveryoneSocial provides analytics and audience insights for company social media posts, showing which audiences are reached and comparing performance across company, executive, and staff accounts.

Enterprise SoftwareMarketing TechSaaSSocialSalt Lake City, US

Cameron Brain(Founder)in

Co-investorsNext Frontier CapitalSaaS Capital

FatPipe
Fitted
Get Whysgetwhys.ioin𝕏Apr 2026

GetWhys enriches AI content generation and go-to-market tools with insights from real buyer interviews to validate messaging and campaigns.

AI & Machine LearningMarketing TechBoise, US

Philippe Boutros(CEO, President, Secretary)Viet Phan(Chief Technology Officer)Tyler Honsinger(Chief Product Officer)

BoardJohn Garrett(Director)David Bluestone(Director)

Co-investorsNext Frontier CapitalCapital ElevenPortland Seed FundTuesday Capital

Guide CXguidecx.comin𝕏

GUIDEcx provides a customer onboarding and project management platform designed to reduce time-to-value for B2B companies across industries including SaaS, fintech, healthtech, and edtech.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaS

Peter Ord(CEO and co-founder)

Co-investorsAlbum VC

Headlightheadlight.healthin𝕏Feb 2024

Headlight provides mental health services in the Western U.S., offering therapy and medication management delivered by licensed clinicians through a care coordination model that emphasizes personalized matching and integrated care.

Digital HealthHealthtechMental HealthWalnut, US

Dr. Manish ShethJason Shen(Executive Officer, Director)Wayne Gerard(Executive Officer, Director)

Co-investorsMatrixMultiplier CapitalPACE Healthcare CapitalFounders

Healthjoyhealthjoy.comin

HealthJoy provides a benefits navigation platform that unifies an employer's benefits package into a single app, using AI-powered and human-backed support to guide employees to high-value care and boost benefits utilization.

AI & Machine LearningDigital HealthHealthtechHR TechSaaSChicago, US

Justin Holland(Executive Officer, Director)Clint Jones(Director)Brandon Cruz(Director)Shane Cruz(Director)Doug Morse-Schindler(Executive Officer)

BoardStuart Larkins(Director)in

Co-investorsBlue Hour VenturesChicago VenturesEndeavour VisionNueterra CapitalUS Venture PartnersValspring Capital

HG Insightshginsights.comin

HG Insights provides AI-driven B2B intelligence datasets covering markets, technology adoption, IT spend, and buyer intent, along with analytics, copilots, and AI agents that automate go-to-market execution.

AI & Machine LearningData & InfrastructureMarketing TechSaaSSales Tech

Rohini Kasturi(Chief Executive Officer)inSatish Grandhi(Chief Technology Officer)inVibhu Pratap(Chief Development Officer)inScott Gordon(Chief Marketing Officer)in

Co-investorsBenhamou Global VenturesBonfire VenturesCounterpart VenturesRiverwood CapitalScOp Venture CapitalUpdata Partners

Homiehomie.comin𝕏

Homie is a real estate service that pairs home buyers and sellers with dedicated agents while charging lower listing fees than standard commissions, and offers buyer rebate programs and free home value reports.

MarketplacesPropTech

Co-investorsWasatch Equity PartnersAlbum VC

HyTrusthytrust.comin

Provides administrative control, visibility, auditing and data security solutions for private, hybrid and public cloud environments.

Co-investorsAdvance Venture PartnersCisco InvestmentsVanedge CapitalVanedge Capital Limited PartnershipGranite Ventures Llc

Infinera
Ingeo
InsideSalesinsidesales.comin𝕏Acquired

InsideSales offers the Revenue Acceleration Cloud, a platform providing data, insights, and tools for enterprise revenue and sales teams to drive growth.

AI & Machine LearningSaaSSales TechProvo, US

KENNETH KROGUE(Executive Officer, Director)DAVID ELKINGTON(Executive Officer, Director)KEN KROGUE(Executive Officer, Director)JOSHUA JAMES(Director)

BoardDAFINA TONCHEVA(Director)inMARK GORENBERG(Director)in

Co-investorsHummer Winblad Venture Partners (HWVP)QuestMark PartnersUS Venture PartnersZetta Venture Partners

Iovationiovation.com

Co-investorsSapphire Ventures

Janrain

Customer identity and access management platform for unified customer views and personalized marketing; acquired by Akamai Networks.

Portland, US

Larry Drebes(Executive Officer, Director)Sanjay Khare(Executive Officer)

BoardJim Simons(Director)John Kim(Director)Brian Peters(Director)Chris Kitching(Director)

Co-investorsHighBar PartnersRpm Ventures Iii Management, L.L.C.

Joyentjoyent.com

Joyent develops cloud infrastructure and services, including public cloud platforms and hybrid cloud solutions.

Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise Software

Seong-Kook Shin(President/COO)

Co-investorsIntel Capital

Kenziekenzie.academyin

Southern New Hampshire University is a nonprofit accredited institution offering over 200 online and on-campus degree programs across multiple disciplines, designed for working adults seeking affordable, flexible education with career focus.

EdTechManchester, US

Chok Ooi(Executive Officer, Director)Ling Xiao(Executive Officer, Director)Doug Galen(Executive Officer, Director)Rehan Hasan(Executive Officer, Director)

BoardMatt Greenfield(Executive Officer, Director)in

Co-investorsJuvo VenturesRethink Capital PartnersRethink Education

Keystone Managed Services
Knapsackknapsack.cloudin𝕏

Knapsack is a platform that centralizes design assets and code for design system teams, enabling designers, engineers, and product managers to collaborate on building and maintaining design systems at scale.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS

Chris Strahl(Founder)in

Co-investorsAscend Venture CapitalCrosslink CapitalFiDi VenturesLorimer VenturesParade VenturesBlumberg Capital+1 more

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 4

IPOs and acquisitions across the tracked portfolio

EverspinNASDAQ: MRAMExagenNASDAQ: XGNHealth CatalystNASDAQ: HCATArea 1 Securityacq. by Cloudflare

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 6

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
EPIC Ventures Fund VII, L.P.LPs: Public Employee Retirement System of Idaho2025-25.2%0.88x
Epic Fund III SlpLPs: Contra Costa County Employees' Retirement Association20240.82x
EPIC Ventures Fund VI, L.P.LPs: Public Employee Retirement System of Idaho, Hawaii Employees' Retirement System202113.4%1.36x0.00x
EPIC Venture Fund V, L.P.LPs: Public Employee Retirement System of Idaho, Hawaii Employees' Retirement System201815.5%1.76x1.02x
EPIC Venture Fund IV, LLCLPs: Public Employee Retirement System of Idaho, Hawaii Employees' Retirement System201112.1%2.11x2.03x
Epic Fund IIILPs: Contra Costa County Employees' Retirement Association0.96x0.00x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has EPIC VENTURES made?
EPIC VENTURES has 118 tracked investments, 2 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does EPIC VENTURES invest at?
EPIC VENTURES invests at the Seed, Series A, Series B stages.
What sectors does EPIC VENTURES focus on?
EPIC VENTURES focuses on Cybersecurity, EdTech, Fintech, Healthtech, SaaS.
Where is EPIC VENTURES located?
EPIC VENTURES is headquartered in Salt Lake City, US.
Who does EPIC VENTURES co-invest with?
EPIC VENTURES most often shares deals with Crosslink Capital, DCVC (Data Collective), Insight Partners, among 139 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Jack Boren of Epic Ventures Podcast - Product in Healthtech with Ian Harris

Product in Healthtech · Jack Boren

Jack Boren | Director | EPIC Ventures

Utah Business · Jack Boren

Nick Efstratis (Epic Ventures) at Startup Grind Utah

Startup Grind Local · Nick Efstratis

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