
Utah is home to a thriving angel investing community, with several groups and networks that support entrepreneurs and startups.
The Utah Angels network, for example, has invested in over 100 companies since its inception in 2008.
One of the most active angel groups in Utah is the Utah Angels network, with members who have invested in a wide range of industries, from software and biotech to consumer products and real estate.
The Utah Technology Council (UTC) also hosts an annual Angel Capital Summit that brings together investors, entrepreneurs, and industry experts to discuss the latest trends and best practices in angel investing.
Utah Angel Groups
Utah is a hub for small business, and as an entrepreneur, you'd be wise to tap into the state's angel investor groups. These groups are comprised of accredited investors who can provide funding and expertise to help your startup thrive.
Park City Angels is one such group, with over 100 accredited investors from the Park City, UT area. They have a preference for Utah-based startups, but will consider applications from across the US. Their focus areas include Utah-based startups, healthcare startups, and tech startups.
You can find more information about Park City Angels and other Utah angel investor groups in our directory. With over 250,000 active angel investors in the US, there's a wealth of resources available to support your startup's growth.
Park City
Park City is home to a thriving angel investing community, with several groups calling the area their base. Park City Angels is one of the most active angel networks in Utah, consisting of over 20 experienced angel investors.
They fund around 5-10 early-stage startups every year, with an investment range of $10,000 to $100,000. This group conducts a thorough screening process to evaluate the merits of a business, regardless of its location.
Park City Angels focuses on teams of high-quality entrepreneurs with a track record of leadership and performance. They also consider the market opportunity, use of proceeds, growth potential, competitive advantage, and fit with their group members.
The group has made notable investments in companies like Paleblue, which develops an online platform for launching loyalty programs. They also have a preference for Utah-based startups, but consider applications from startups across the United States.
Here are some key details about Park City Angels:
- Stage: Seed, Series A
- Focus: Sector Agnostic
- Year of Inception: 2008
- Notable Portfolio: Lula, Consensus, RealVu, Symptom.ly
- Location: Utah
Bulldog Network
Bulldog Angel Network is a notable player in the angel investment scene, with a focus on sector-agnostic investments. They were founded in 2017 and have a presence in Alabama.
One of their notable portfolio companies is MySet, which suggests they have a keen eye for innovative ideas. Their other portfolio companies, Wispr Systems and Glo Cubes, also indicate a diverse range of interests.
If you're looking for ways to meet angel investors like those at Bulldog Angel Network, you can try online platforms such as Angel Investment Network US or US Investment Network, which allow you to post your startup projects and connect with potential investors.
Alternatively, you can attend networking events and conferences, or leverage your existing network to get introductions to angel investors.
Investor Groups
Utah has a thriving startup scene, and one of the ways to access funding and expertise is through angel investor groups.
Small business is big business in Utah, and you can't afford to ignore the best angel investor groups the state has to offer. Our directory is a fantastic resource for equipping your startup with the tools it needs to survive and thrive.
There are over 250,000 active angel investors in the United States, supporting over 30,000 firms per year. This is a great alternative for early-stage firms, as angel investors often offer more flexible terms than traditional sources of funding.
Angel investors may provide the capital startups need to build their businesses, and they are usually successful entrepreneurs with numerous experiences in building various businesses. They can offer their mentorship, guidance, and expertise to help your startup succeed.
If you're looking to meet angel investors in Utah, there are various avenues to explore. You can attend networking events and conferences, leverage your community of entrepreneurs and industry colleagues, or even reach out to angel investors directly through LinkedIn.
Here are some key characteristics of angel investors to consider:
Angel investors tend to invest in areas of their expertise, so make sure that the investors you're approaching are a suitable fit for your business and have a track record of investing in comparable businesses.
Greg Warnock
Greg Warnock is an active angel investor with a rich history in the startup ecosystem, having invested for over three decades.
He serves as Managing Director at Mercato Partners and has also held the position of Chief Executive Officer at Mercato Partners Acquisition.
Greg Warnock funds startups that are quickly growing and show decent growth potential, often making investments through his startup incubator, fundraisers, and investor meetings.
His investment range is between $100,000 and $500,000.
Some of his notable investments include PrinterLogic, a SaaS printing solution provider, and Sphero, a leading STEM learning company with interactive robotics & STEM education kits.
SeatGeek, a ticketing marketplace, and DegreeOne, a provider of refrigeration and food service equipment maintenance services, are also among his investments.
Jeremy Andrus
Jeremy Andrus is a well-known individual investor in Utah with a preference for investing in seed-stage startups.
He has a keen eye for startups led by experienced leaders and typically meets with startup leaders 2-3 times before making a decision.
Andrus's investment range is between $250,000 and $1 million, which is a significant amount for many startups.
He has funded a total of 23 startups, showcasing his commitment to supporting innovative ideas.
One of his notable investments is Videra Health, a remote patient monitoring video platform for behavioral health.
Epic Ventures
EPIC Ventures is a premier early-stage software and Internet infrastructure venture firm based in Utah. They back entrepreneurs and companies positioned to lead the information economy of tomorrow.
EPIC Ventures focuses on early-stage investments, bringing the collective operational and financial experience of their partnership to engage and ensure their portfolio's success. Their team includes world-class advisors and an extensive network of technology industry contacts.
EPIC Ventures invests in companies across Utah and the greater northwest in the United States. They have invested across four funds and have a diverse portfolio.
Some notable investments made by EPIC Ventures include Ancestory, Manscaped, and Zenefits.
Banyan Ventures
Banyan Ventures is a professional venture-building firm founded by Tyler Thatcher on February 1, 2003. It's headquartered in Salt Lake City, one of the most active startup cities in Utah.
The firm prioritizes late and seed-staged startups, organizing multi-staged screening tests to ensure only the best ideas secure investments. Banyan Ventures looks for startups with growth potential of 2-3x, led by experienced individuals, and a qualified team with a solid business model and unique ideas.
Their investment range is between $2M to $6M, which is substantial for early-stage startups. Notable portfolio companies include Restore, a logistics management software provider, and MobilityRE, a technology company developing mobile device applications for real estate professionals.
Kickstart Fund
Kickstart Fund is a seed-stage venture capital firm based in Salt Lake City, UT, that has invested in over 150 companies since 2008. They're focused on providing smart capital, a connected community, and expert guidance to the best companies in the Mountain West.
Kickstart is industry-agnostic, having invested in SaaS, consumer, marketplace, and healthcare startups. They traditionally write checks between $250k and $2M, making them a go-to option for early-stage companies.
Their team is largely focused on investing in companies located in Utah, Colorado, and the Mountain West. If you're a startup in this region, Kickstart is definitely worth considering.
Here are a few of their most popular investments:
- Ancestory
- Manscaped
- Zenefits
Kickstart's seed investing expertise has made them synonymous with seed investing in the western US.
Investor Networks
As a Utah entrepreneur, you're likely no stranger to the importance of building a strong network of investors to support your business. To tap into this network, consider joining online platforms like Angel Investment Network US and US Investment Network, which allow you to post your startup projects and connect with potential investors.
You can also attend networking events and conferences specifically targeted for entrepreneurs to meet investors. These events are often listed on Meetup.com, making it easy to find and attend events in your area.
Incubator and accelerator programs are another great way to access a network of investors. Many of these programs offer introductions to angel investors, which can be a huge help in getting your foot in the door.
If you have a community of entrepreneurs, industry colleagues, and other business networks, don't be afraid to leverage their relationships to potential angel investors and ask for their contacts. This can be a great way to get personal recommendations and introductions.
Here are some popular Utah angel investor groups to consider:
* Group NameDescriptionUtah Angel Investor GroupsA list of the best angel investor groups in Utah, including those mentioned in the article.Washington Angel Investor GroupsA directory of angel investor groups in Washington state, which may also be relevant to Utah entrepreneurs.
Remember, angel investors tend to invest in areas of their expertise, so make sure to research and find groups that are a good fit for your business.
Top Investors
Utah angel investor groups are a fantastic resource for small businesses in need of funding and expertise. As a Utah entrepreneur, you can't afford to ignore our list of the best angel investor groups Utah has to offer.
One notable angel investor in Utah is Ryan Smith, who co-founded Qualtrics and has a keen interest in funding tech startups. He prioritizes startups with high growth potential and profitability.
Ryan Smith's investment range is around $250,000, and he has invested in companies like Entrata, which provides property management software, and Celonis, which offers execution management systems.
Top 6 Investors
As a Utah entrepreneur, it's essential to know the top angel investors and venture capital firms in the state.
Small business is big business in Utah, and our list of the best angel investor groups is a fantastic resource for equipping your startup with the tools it needs to survive and thrive.
Utah is a great place to start a business, and Washington angel investor groups are a fantastic resource for equipping your startup with the tools it needs to survive and thrive.
To pitch to these investors, it's recommended that you do proper research about their investment interests and portfolio companies.
In Utah, small business startups need funding and expertise to survive in today's tough business climate.
Ryan Smith
Ryan Smith is an American entrepreneur and angel investor who co-founded Qualtrics, a Utah-based online survey software company. He has a keen interest in funding tech startups.
Ryan Smith prioritizes startups that provide solutions in the form of software or services. He invests in companies with high growth potential and profitability.
Ryan Smith's investment range is around $250,000. He invests in tech startups, focusing on Enterprise Applications and High Tech.
Smith's notable portfolio companies include Entrata, a property management software company, and Celonis, an execution management system provider.
Investor Insights
Utah's business climate is tough, but small business is big business here. Small business is big business in Utah.
Angel investors can be a fantastic resource for equipping your startup with the tools it needs to survive and thrive. Our directory of Washington angel investor groups is a great example of this.
Angel investors provide essential funding during the early stages of a business, enabling startups to develop products and scale operations. This financial support is crucial for growth.
Their financial support also enables startups to expand their market reach. This is especially important for Utah entrepreneurs who want to make a big impact in the state.
Angel investors bring valuable expertise to the table, contributing to the overall success and sustainability of the ventures they back.
Frequently Asked Questions
What percentage do angel investors want?
Angel investors typically seek 10% to 50% equity in exchange for funding, which can impact business ownership and control.
How do I find angel investors?
Connect with angel investors through angel groups, networks, and social media, and also participate in startup events, pitch competitions, and local ecosystems to increase your visibility and attract potential investors
How much percentage do angel investors take?
Angel investors typically take a 10%-30% equity stake in a company, negotiable based on valuation, funding, and risk. This stake is a key consideration when seeking funding from angel investors.
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