Participated · Series A · Jul 2021

Algramo provides a reusable-container and refill-station platform that uses modified product labels with RFID tags and in-store dispensers so consumers can buy products at bulk prices without single-use packaging. The model removes packaging costs (about 30% of product cost, per CEO José Manuel Moller) and aims to be cheaper for low-income shoppers while reducing plastic waste. The company has focused on partnerships with major brands and retailers, with arrangements in place with Unilever, Nestlé, Colgate-Palmolive and Walmart Chile. Algramo validated the model in Chile—originally using dispenser-equipped vehicles but shifting to retail stations—and now has around 50,000 users repurchasing products in bulk. It sells frequently used items such as laundry soap, toiletries and dry dog food, and plans to pilot solutions for beverages later. The company owns several patents and is preparing international pilots in Jakarta, New York, Mexico and London as it expands globally.

Participated · Series A · Apr 2020

Vutiliti develops real-time, high-resolution energy monitoring solutions centered on its proprietary HotDrop™ wireless LoRaWAN energy meter and a cloud-connected insights management system. The HotDrop™ meter installs in under two minutes without wires, batteries, or de-energizing circuits, and streams location-specific data to enable timely operational and efficiency improvements. Vutiliti positions its product to help customers lower utility expenses, reduce greenhouse gas emissions, and mitigate equipment-failure risks through fast, actionable data. The company says its platform addresses the challenge of obtaining affordable, real-time energy measurement at scale for retail and commercial customers. Vutiliti intends to use new funding to accelerate global expansion and continue development of its HotDrop™ technology and utility monitoring systems. Steve Ellis, CEO and founder, emphasizes leveraging IoT to turn data into actionable information that improves customers’ sustainability performance and bottom line.

Participated · Equity · Dec 2018

GoReact is an Orem, UT-based video-based skills training platform led by founder and CEO Ken Meyers. The platform allows educators to personalize skill coaching for students using video and includes review, commenting and assessment tools. Its tools are designed to help students develop job-ready skills. The company is used in more than 500 colleges and universities with students in more than 60 countries. GoReact closed a $4M growth funding round led by Five Elms Capital in partnership with University Venture Fund’s impact fund and other investors. It plans to use the funding to accelerate product development and expand into new verticals where skill coaching is needed. GoReact offers a cloud-based system that lets instructors and coaches capture presentations and performances, grade and score video assignments, and track student performance analytics. The platform is designed to improve interaction between students and professors through video-based assessment and feedback. It is led by founder and CEO Ken Meyers. GoReact is used in more than 250 universities and 1,500 K‑12 schools across 8 countries. The company intends to use new funding to accelerate growth and expand the platform's functionalities. The articles report a $4M growth equity investment to support these plans.

Participated · Series C · Feb 2015

Lineagen offers FirstStepDx PLUS and NextStepDx PLUS, integrated services combining genetic testing, counseling and developmental screening to aid diagnosis of ASD and other developmental delays. The company plans to continue commercializing FirstStepDx PLUS, expand commercialization of NextStepDx PLUS, and apply its clinical research to a broader range of neurodevelopmental and neurological indications. It also has ongoing scientific programs in multiple sclerosis (MS) and chronic obstructive pulmonary disease (COPD). Led by CEO Michael S. Paul, Ph.D., Lineagen recently completed the second and final tranche of its Series C financing to support those commercialization and research efforts. The company previously raised a first tranche of $3.5M in 2013 and obtained a $4M secured debt facility with Silicon Valley Bank as part of the initial tranche. Lineagen provides physicians and patients an integrated genetic testing, counseling and developmental screening service to aid early diagnostic evaluation of individuals with autism spectrum disorders (ASDs) and other childhood developmental disorders. The company is led by CEO Michael S. Paul, Ph.D., and is based in Salt Lake City, Utah. Its core product combines genetic testing with counseling and developmental screening to support clinicians and families. Financially, Lineagen completed a Series C financing and pursued senior secured debt facilities as part of its funding strategy. The company converted $12.6M in outstanding promissory notes into Series B preferred stock as part of its balance-sheet actions. No operating metrics (revenue/users) were disclosed in the article. Lineagen offers comprehensive genetic testing and support/counseling services designed to enable early evaluation of children at risk for disorders of childhood development, including Autism Spectrum Disorders. Its core product set centers on proprietary clinical testing services and physician- and consumer-directed consultative services. The company plans to expand its commercial franchise and introduce new proprietary clinical tests using proceeds from its current raise. Lineagen maintains collaborative relationships with pediatric research institutes including the University of Utah and The Children’s Hospital of Philadelphia. Founded in 2002 and led by CEO Michael Paul, Ph.D., the company previously completed a Series A to fund discovery and development. Lineagen develops genomic tests and services aimed at screening, evaluation and diagnosis of complex disorders and diseases, including autism spectrum disorders. The company is advancing a lead autism program and planned a commercial service launch for September 2010. Lineagen received an additional $5.0m investment from PrairieGold Venture Partners to support further development and the commercial launch. The Series A financing totaled $10.8m after the new investment; Lineagen previously held a $5.8m first close in December 2007. In conjunction with the financing, Mike Jerstad, a partner at PrairieGold Venture Partners, joined Lineagen’s board of directors. The Series A included support from Sanderling Ventures, vSpring Capital and Mesa Verde Venture Partners. LineaGen is a Salt Lake City biotech developing genetic diagnostics. It seeks genomic markers — presumably the single‑nucleotide polymorphisms (SNPs) — associated with conditions including autism, multiple sclerosis, cancer and lung disease. The company plans to turn identified markers into diagnostic tests. LineaGen leverages detailed databases on Utah’s predominately Mormon population and its genealogical records to discover markers. VentureWire reported that LineaGen raised $6 million in a first round of funding from Sanderling Ventures, vSpring Capital and Mesa Verde Partners. The report noted that LineaGen did not have a Web site listed.

Participated · Series D · Feb 2014

Workfront provides a cloud-based enterprise work management application platform enabling teams to see, measure and analyze resources, outcomes and priorities. The platform is designed to help organizations increase revenue, improve customer experiences, and reduce costs. Workfront serves thousands of companies, including BT, Cisco Systems, Comcast, Fender, Fossil Group, TSB, and Trek. In the prior 12 months the company added major capabilities such as Workfront Fusion (a codeless integration platform), Workfront Home (a configurable personal work environment), and Workfront Library (an enterprise content management hub). Alex Shootman is chief executive officer. The company is based in Lehi, Utah. Workfront offers a cloud-based Enterprise Work Management platform that centralizes work and collaboration across the entire work lifecycle to reduce excessive email, redundant status meetings, and disconnected tools. The product is used by thousands of global enterprises, including Cars.com, Cisco Systems, Comcast, iProspect, Schneider Electric, and Trek. Led by CEO Eric Morgan, the company serves marketing, IT, and other enterprise teams. Workfront plans to deploy the new capital toward business development and to expand sales, marketing, and product growth initiatives. The company is based in the Silicon Slopes region of Utah. No financial metrics beyond customer adoption were disclosed in the article. AtTask is a Silicon Slopes, Utah–based provider of cloud-based Enterprise Work Management SaaS. It offers a platform for marketing, IT and other enterprise teams to manage and collaborate on all types of work through the entire lifecycle. Led by CEO Eric Morgan, the company serves thousands of global enterprises, including Adobe, Cisco, HBO, Kellogg’s, REI, Trek, Schneider Electric, Tommy Hilfiger, Disney and ATB Financial. The company intends to use the funds to accelerate growth and product innovation. AtTask recently closed a $38M Series D financing to support those plans. AtTask is a Lehi, UT-based provider of Software-as-a-Service (SaaS) project and work management solutions that help enterprise teams receive, plan, prioritize, and coordinate activities. Led by CEO Eric Morgan, the company serves Global 2000 customers including Nike, Cisco, ABC, ESPN, 3M, and Trek. AtTask offers cloud-based tools aimed at improving productivity for knowledge workers and enterprise teams. The company announced a $17M growth funding to support expansion. It intends to use the capital to grow its sales, marketing, development, and services teams. No revenue or user metrics were disclosed in the article.