Top 10 Utah Angel Investors [2023]

The term angel investor refers to an individual who invests in startups and other early-stage ventures. Angel investors are often former entrepreneurs themselves, with a wealth of experience in the startup world. While not as wealthy or well-known as venture capitalists, they can still be valuable resources for Utah entrepreneurs seeking funding and advice. Here are 10 well-known angel investors from the Hive State:

1. Sorenson Impact

Sorenson Impact is a venture capital firm that invests in early-stage companies. The company was founded by Robert Sorenson, who previously served as CEO of Vivint Solar. Sorenson Impact has invested in over 40 companies since its founding in 2013 and has raised over 0 million through its two funds, including the recent closing of Fund II. Because of this success and in-depth knowledge of the Utah startup ecosystem, we recommend connecting with the team at Sorenson Impact if you are looking for an angel investor for your own business or for advice on way to approach Utah angel investors.

2. West Mountain Capital Network

Mountainwest Capital Network is a venture capital firm based in Salt Lake City, Utah. It was founded in 2001 by David Gardner, who has over 35 years of experience as a business executive and angel investor. The company’s investment focuses on emerging technologies with a particular focus on medical devices, software as a service (SaaS) and digital media.

Mountainwest typically invests -3 million per company. Its portfolio companies have made more than billion in aggregate revenue since their inception.

3.Treer.ai

Wrench.ai is a Utah-based venture capital firm that invests in AI-enabled companies. The company’s goal is to help startups scale their businesses and accelerate the development of advanced technologies, such as artificial intelligence (AI).

In this article, we’ll look at some of the factors that make Key an attractive option for startup founders interested in fundraising.

Key is one of Utah’s most active venture capital firms. The company was founded in 2012 by a group of seasoned investors with a long history of investing in start-up companies. Since its inception, Wrench has invested in over 60 startups and helped them raise over 0 million in capital.

4. Peterson Partners

Peterson Partners is a venture capital firm that invests in early stage and growth stage companies. The company focuses on consumer, healthcare, information technology and software as a service (SaaS).

Peterson Partners was founded in 1994 by brothers Don Peterson and Steve Peterson. Since its creation, the company has invested in more than 300 companies.

The company has offices in Chicago and Minneapolis. Peterson Partners has invested in companies that include BuildFax, Fast Enterprises, Groupon, Hy-Vee and Solutions Infusion.

5. Investments in space

Spacestation Investments is a venture capital firm that invests in early-stage companies that have the potential to create global impact. The company invests in sectors such as healthcare, fintech and education. Spacestation also helps portfolio companies find co-investors and strategic partners to help them scale around the world.

In 2017, Spacestation raised 0 million for its fifth fund – the largest venture fund raised by a Utah-based company at the time. Since then, the company has invested in several companies, including Proterra Inc., which manufactures electric buses; Dexcom Inc., which manufactures continuous glucose monitoring devices; and Solvebio Inc., which develops diagnostic tests for infectious diseases like Ebola virus disease (EVD) or Zika virus (Zika) infection.

6. Leavitt Equity Partners

Leavitt Equity Partners is a private equity firm focused on the healthcare industry. They have invested in several companies, including Biopharmx, Vantage Health and Amira Pharmaceuticals.

Biopharmx is a clinical-stage biopharmaceutical company developing oral treatments for gastrointestinal diseases. Vantage Health is a health services provider that provides solutions to community health centers. Amira Pharmaceuticals is an early-stage biotechnology company focused on developing novel therapies for the treatment of cancer and other chronic diseases.

7. Crewe Capital

Crewe Capital is a venture capital firm that invests in start-up companies. Crewe has invested in over 400 companies including Opower, Stitch Fix and Zendrive. Besides being an angel investor, Crewe also manages seed stage funds for institutions like Yale University and Stanford University.

Crewe Capital was founded in 2002 by Tom Gayner who previously ran the private equity division at Donaldson Lufkin & Jenrette (DLJ).

8. Accused Global Advisors

Accuvest Global Advisors is a private equity firm that invests in technology companies. The firm has invested in more than 100 companies, with offices in Utah, California and New York.

Accuvest has been listed as one of the top 10 angel investors for the past five years by Tech Salt Lake Magazine. Forbes magazine also listed it as one of their top 25 angel investor companies in 2018.

The company was founded in 2009 by David Powers and his wife, Julie. It has over 0 million in assets under management.

9. Design

Excence is a Utah-based venture capital firm that invests in early-stage companies that have positive social and environmental impact. Founded in 2014 by former Morgan Stanley executive Don Rainey and his wife, Julie Rainey, the company has invested more than million in more than 60 startups over the past five years.

The typical Excellence holding company will have between million and million in revenue per year when they receive funding from ExCede. The firm prefers to invest in companies with unique business models that focus on particularly underserved markets or use technology to solve long-standing consumer or business problems.

The goal of each investment is for the portfolio company to achieve at least one major milestone within three years of receiving funding from Excelence (such as raising additional capital). If this milestone is reached within six months, then Excellence receives an additional 1% stake; If this happens within a year, he gets 2%; two years = 3%.

10. ROI Wealth Management

Roi Wealth Management is a private equity firm based in Salt Lake City, Utah. The company was founded in 2012 and has raised over billion in capital commitments from investors. Roi Wealth Management has made investments in more than 100 companies in the United States, including Zulily and Carelinx, both of which are headquartered in Utah.

The owner of ROI Wealth Management has been featured on Forbes Midas’ list of Top Angel Investors for four consecutive years (2018-2022).

Conclusion

Angel investors are great for startups because they provide the funding businesses need to get started. This list includes some of the top Utah angel investors looking to invest in your business, so get in touch today!