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Venture Capital Firms in Utah

23 venture capital firms are on this list. Of those that report private fund gross assets from a main office in Utah, West RIM II UGP is the largest: $1.8 billion through West RIM II UGP, LLC (filed ).

Pelion Venture Partners follows with $1.4 billion. The 23 firms counted report $10.7 billion together; the ten largest hold 91% of it, and half report less than $110 million.

Updated . Rechecked quarterly; next check . Figures read , as filed to .

Where the $10.7BN sitsThe 23 firms counted, by size. The bar is each size band's share of the combined dollars.
  1. $1BN to $5BN40%3 firms
  2. $500MM to $1BN49%6 firms
  3. Under $500MM11%14 firms

Latest Form ADV of each, filed Jan 2026 to Jul 2026. Read ; sources at the end of the page.

Venture capital firms listedList of October 2026; 23 are venture capital firms
23
Combined fund assets23 counted; as filed to Jul 2026
$10.7BN
Largest: West RIM II UGPAs filed
$1.8BN
Median firmHalf of the 23 report less
$110MM
Held by the ten largestOf the $10.7BN combined
91%

West RIM II UGP, Pelion Venture Partners and Run Ventures lead the Utah venture capital firms by fund assets

The ten largest by private fund gross assets on their latest Form ADV. Together they report $9.7BN, 91% of the $10.7BN the 23 counted report.

  1. 1

    West RIM II UGP

    Venture capital firm, Lehi

    $1.8BNPrivate fund gross assets, Jul 2026

    Regulatory assets
    $1.8BN
    Private funds
    23
  2. 2

    Pelion Venture Partners

    Venture capital firm, Salt Lake City

    $1.4BNPrivate fund gross assets, May 2026

    Private funds
    23
  3. 3

    Run Ventures

    Venture capital firm, Salt Lake City

    $1.1BNPrivate fund gross assets, Mar 2026

    Private funds
    25
    Fund offerings
    1
  4. 4

    Mercato Management Legacy

    Venture capital firm, Salt Lake City

    $990MMPrivate fund gross assets, May 2026

    Private funds
    6
    Listed stocks, Q2 2026
    $57MM
  5. 5

    Album Ventures

    Venture capital firm, Lehi

    $963MMPrivate fund gross assets, Mar 2026

    Private funds
    10
  6. 6

    Halo Experience Company

    Venture capital firm, Provo

    $938MMPrivate fund gross assets, Mar 2026

    Private funds
    1
  7. 7

    DN Capital (US)

    Venture capital firm, Park City

    $866MMPrivate fund gross assets, Mar 2026

    Private funds
    11
  8. 8

    RET Ventures

    Venture capital firm, Park City

    $813MMPrivate fund gross assets, Mar 2026

    Private funds
    12
    Fund offerings
    3
  9. 9

    Kickstart Capital

    Venture capital firm, Cottonwood Heights

    $648MMPrivate fund gross assets, Mar 2026

    Private funds
    8
  10. 10

    Oakhouse Partners

    Venture capital firm, Park City

    $191MMPrivate fund gross assets, Mar 2026

    Private funds
    9

Gross assets of the private funds each adviser reported in its latest Form ADV. Each pin opens the filing behind the figure; the ranking rule and sources are at the end of the page. Read .

The ten largest hold 91% of the fund assets

How the 23 firms counted spread by size: most are small, the dollars sit at the top.

Every firm on one scaleEach dot is one firm's private fund gross assets in its latest filing. Filled: advisers whose private funds are mostly venture capital; open: advisers with other funds too. Dollar scale is logarithmic.
Fund assets of each of the 23 firms counted, log scaleEach dot is one adviser and links to its row. West RIM II UGP $1.8BN; Pelion Venture Partners $1.4BN; Run Ventures $1.1BN; median $110MM.$10MM$100MM$1BN$10BNWest RIM II UGP: $1.8BNPelion Venture Partners: $1.4BNRun Ventures: $1.1BNMercato Management Legacy: $990MMAlbum Ventures: $963MMHalo Experience Company: $938MMDN Capital (US): $866MMRET Ventures: $813MMKickstart Capital: $648MMOakhouse Partners: $191MMAlta Ventures Mexico Management (GP): $144MMFrazier Group Management: $110MMTandem Partners Group: $108MMLongship Capital Management: $92MMIndie Enterprises: $91MMHighscale Venture Partners: $86MMJuvo Ventures: $82MM2.0 Ventures Adviser: $64MMAurelius Ventures: $57MMFrame VC: $56MMValkyrie Ventures Management: $45MMRoyal Street Ventures Management Company: $31MMFootprint Ventures: $27MMWest RIM II UGP $1.8BNPelion Venture Partners $1.4BNRun Ventures $1.1BNMedian $110MMFund assets of each of the 23 firms counted, log scaleEach dot is one adviser and links to its row. West RIM II UGP $1.8BN; Pelion Venture Partners $1.4BN; Run Ventures $1.1BN; median $110MM.$10MM$1BNWest RIM II UGP $1.8BNMedian $110MM

One dot per firm counted. Read .

The 23 firms, by size
Under $500MM1411%$1.2BN
$500MM to $1BN649%$5.2BN
$1BN to $5BN340%$4.3BN
$5BN to $10BN00%$0
$10BN to $25BN00%$0
$25BN and over00%$0

Fund assets each reported in its latest filing; shares are of the $10.7BN combined, one row per firm. Read .

17%

of the fund assets reported sits with one firm, West RIM II UGP. The five largest hold 59%; 20 of 23 report under $1 billion.

17%Largest42%Next 441%Other 18
Who the 23 are
  1. Venture capital firms23

Kind of each, from its own website and filings, checked October 2026.

Where the 23 areThe 6 places with the most firms
  1. Park City7
  2. Salt Lake City7
  3. Lehi5
  4. Cottonwood Heights1
  5. Provo1
  6. Sandy1

Main office on each firm's Form ADV.

Leaders beyond the ranking

Figures the main ranking does not compare: most active in private offerings, most private funds.

Most active in private offeringsPrivate offering notices filed to by funds and vehicles named for the firm.
RankNameFigure
1RET Ventures33 issuers
2Aurelius Ventures21 issuer
3Run Ventures11 issuer

Counts notices, new and amended, filed by issuers whose name begins with the name; offering amounts are not shown.

Most private fundsPrivate funds each firm advises, on its latest Form ADV (Schedule D).
RankNameFigure
1Run Ventures25Mar 2026
2Pelion Venture Partners23May 2026
3West RIM II UGP23Jul 2026
4Tandem Partners Group14Mar 2026
5RET Ventures12Mar 2026
6DN Capital (US)11Mar 2026
7Album Ventures10Mar 2026
8Oakhouse Partners9Mar 2026

The list is public. The warm path is not. Schedule a conversation

All 23 venture capital firms

A to Z, with each firm's private fund gross assets, private funds, listed stocks and fund offerings, each with a pin to its filing; firms with no figure show the interests they state on their own sites.

Showing all 23 firms

Kind
Where
Size
Order
Venture Capital Firms in Utah 23 firms, A to Z
FirmFund assetsBarPrivate fundsListed stocksFund offerings
2.0 Ventures Adviser
Venture capital firm, Lehi.
Detail and sources for 2.0 Ventures Adviser

Form ADV of 2.0 Ventures Adviser LLC (CRD 337324), exempt reporting adviser, filed , main office Lehi, UT: 1 private fund, $64MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund.

Files: SEC Form ADV.

$64MMMar 20261
Album Ventures
Venture capital firm, Lehi.
Detail and sources for Album Ventures

Form ADV of Album Ventures, LLC (CRD 304983), exempt reporting adviser, filed , main office Lehi, UT: 10 private funds, $963MM gross.

Tied to this row by the CRD the list cites from the filing.

All 10 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$963MMMar 202610
Alta Ventures Mexico Management (GP)
Venture capital firm, South Jordan.
Detail and sources for Alta Ventures Mexico Management (GP)

Form ADV of Alta Ventures Mexico Management (GP), L.P. (CRD 163867), exempt reporting adviser, filed , main office South Jordan, UT: 1 private fund, $144MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$144MMFeb 20261
Aurelius Ventures
Venture capital firm, Salt Lake City.
Detail and sources for Aurelius Ventures

Form ADV of Aurelius Ventures, LLC (CRD 329034), exempt reporting adviser, filed , main office Salt Lake City, UT: 3 private funds, $57MM gross.

Tied to this row by the CRD the list cites from the filing.

2 private offering notices since October 2024 by 1 fund or vehicle named for the firm, latest by Aurelius Ventures Fund I, LP, as the notice names it.

All 3 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV, Form D notices of funds named for it.

$57MMMay 202632
DN Capital (US)
Venture capital firm, Park City.
Detail and sources for DN Capital (US)

Form ADV of DN Capital (US), Inc. (CRD 161513), exempt reporting adviser, filed , main office Park City, UT: 11 private funds, $866MM gross.

Tied to this row by the CRD the list cites from the filing.

All 11 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$866MMMar 202611
Footprint Ventures
Venture capital firm, Park City.
Detail and sources for Footprint Ventures

Form ADV of Footprint Ventures, Inc. (CRD 163029), exempt reporting adviser, filed : 1 private fund, $27MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$27MMMay 20261
Frame VC
Venture capital firm, Salt Lake City.
Detail and sources for Frame VC

Form ADV of Frame VC LLC (CRD 326916), exempt reporting adviser, filed , main office Salt Lake City, UT: 4 private funds, $56MM gross.

Tied to this row by the CRD the list cites from the filing.

All 4 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$56MMApr 20264
Frazier Group Management
Venture capital firm, Lehi.
Detail and sources for Frazier Group Management

Form ADV of Frazier Group Management, LLC (CRD 327081), exempt reporting adviser, filed , main office Lehi, UT: 3 private funds, $110MM gross.

Tied to this row by the CRD the list cites from the filing.

All 3 of its private funds are venture capital funds.

Files: SEC Form ADV.

$110MMMar 20263
Halo Experience Company
Venture capital firm, Provo.
Detail and sources for Halo Experience Company

Form ADV of Halo Experience Company L.L.C. (CRD 335230), exempt reporting adviser, filed , main office Provo, UT: 1 private fund, $938MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$938MMMar 20261
Highscale Venture Partners
Venture capital firm, Park City.
Detail and sources for Highscale Venture Partners

Form ADV of Highscale Venture Partners, LLC (CRD 314945), exempt reporting adviser, filed : 1 private fund, $86MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$86MMMar 20261
Indie Enterprises
Venture capital firm, Salt Lake City.
Detail and sources for Indie Enterprises

Form ADV of Indie Enterprises, LLC (CRD 283529), exempt reporting adviser, filed : 5 private funds, $91MM gross.

Tied to this row by the CRD the list cites from the filing.

All 5 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$91MMMar 20265
Juvo Ventures
Venture capital firm, Salt Lake City.
Detail and sources for Juvo Ventures

Form ADV of Juvo Ventures, LLC (CRD 331443), exempt reporting adviser, filed , main office Salt Lake City, UT: 2 private funds, $82MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$82MMJan 20262
Kickstart Capital
Venture capital firm, Cottonwood Heights.
Detail and sources for Kickstart Capital

Form ADV of Kickstart Capital, LLC (CRD 167541), exempt reporting adviser, filed , main office Cottonwood Heights, UT: 8 private funds, $648MM gross.

Tied to this row by the CRD the list cites from the filing.

All 8 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$648MMMar 20268
Longship Capital Management
Venture capital firm, Sandy.
Detail and sources for Longship Capital Management

Form ADV of Longship Capital Management, LLC (CRD 327478), exempt reporting adviser, filed , main office Sandy, UT: 1 private fund, $92MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$92MMMay 20261
Mercato Management Legacy
Venture capital firm, Salt Lake City.
Detail and sources for Mercato Management Legacy

Form ADV of Mercato Management Legacy, LLC (CRD 335389), exempt reporting adviser, filed , main office Salt Lake City, UT: 6 private funds, $990MM gross.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Mercato Management Legacy, LLC, quarter ended , filed : 1 holding, $57MM.

All 6 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. A second adviser of the same business, Mercato Management, LLC, files its own Form ADV: $4MM in private fund gross assets (April 2026), not added.

Files: SEC Form ADV, SEC Form 13F.

$990MMMay 20266$57MMQ2 2026
Oakhouse Partners
Venture capital firm, Park City.
Detail and sources for Oakhouse Partners

Form ADV of Oakhouse Partners, LLC (CRD 290187), exempt reporting adviser, filed , main office Park City, UT: 9 private funds, $191MM gross.

Tied to this row by the CRD the list cites from the filing.

All 9 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$191MMMar 20269
Pelion Venture Partners
Venture capital firm, Salt Lake City.
Detail and sources for Pelion Venture Partners

Form ADV of Pelion, Inc. (CRD 162762), exempt reporting adviser, filed , main office Salt Lake City, UT: 23 private funds, $1.4BN gross.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Pelion, Inc., quarter ended , filed : 3 holdings, $36MM; no 13F filed for a 2026 quarter.

All 23 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV, SEC Form 13F (last for 2025).

$1.4BNMay 202623
RET Ventures
Venture capital firm, Park City.
Detail and sources for RET Ventures

Form ADV of Retv Management, LLC (CRD 292895), exempt reporting adviser, filed , main office Park City, UT: 12 private funds, $813MM gross.

Tied to this row by the CRD the list cites from the filing.

3 private offering notices since October 2024 by 3 funds and vehicles named for the firm, latest by RET Ventures Affiliates III, L.P., as the notice names it.

All 12 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV, Form D notices of funds named for it.

$813MMMar 2026123
Royal Street Ventures Management Company
Venture capital firm, Park City.
Detail and sources for Royal Street Ventures Management Company

Form ADV of Royal Street Ventures Management Company, LLC (CRD 305797), exempt reporting adviser, filed , main office Park City, UT: 3 private funds, $31MM gross.

Tied to this row by the CRD the list cites from the filing.

All 3 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$31MMMar 20263
Run Ventures
Venture capital firm, Salt Lake City.
Detail and sources for Run Ventures

Form ADV of Signal Peak Ventures, LLC (CRD 159746), exempt reporting adviser, filed , main office Salt Lake City, UT: 25 private funds, $1.1BN gross.

Tied to this row by the CRD the list cites from the filing.

1 private offering notice since October 2024 by 1 fund or vehicle named for the firm, latest by Run Ventures II CIV-B, L.P., as the notice names it.

All 25 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV, Form D notices of funds named for it.

$1.1BNMar 2026251
Tandem Partners Group
Venture capital firm, Lehi.
Detail and sources for Tandem Partners Group

Form ADV of Tandem Partners Group, LLC (CRD 328028), exempt reporting adviser, filed , main office Lehi, UT: 14 private funds, $108MM gross.

Tied to this row by the CRD the list cites from the filing.

Of its 14 private funds, 13 are venture capital funds; the others: 1 real estate.

Files: SEC Form ADV.

$108MMMar 202614
Valkyrie Ventures Management
Venture capital firm, Park City.
Detail and sources for Valkyrie Ventures Management

Form ADV of Valkyrie Ventures Management, LLC (CRD 338534), exempt reporting adviser, filed , main office Park City, UT: 1 private fund, $45MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$45MMMar 20261
West RIM II UGP
Venture capital firm, Lehi.
Detail and sources for West RIM II UGP

Form ADV of West RIM II UGP, LLC (CRD 339904), SEC registered adviser, filed , main office Lehi, UT: regulatory assets $1.8BN; 23 private funds, $1.8BN gross; 30 employees.

Tied to this row by the CRD the list cites from the filing.

Of its 23 private funds, 9 are venture capital funds; the others: 14 private equity. Regulatory assets on the same filing: $1.8BN (Item 5.F), not ranked.

Files: SEC Form ADV.

$1.8BNJul 202623

Fund assets are the gross assets of the private funds in the adviser's latest Form ADV (solid bar; grey when the firm is not in the totals). Listed stocks are the US listed securities a firm reports each quarter; fund offerings count the private offering notices of funds named for the firm in two years. Each pin opens the filing behind the figure. The square beside a name opens every figure with its filing and notes.

A few large advisers hold most of the money

Six findings from the filings of the 23 firms counted.

  1. 17%

    of the $10.7 billion the 23 firms counted report is one firm's: West RIM II UGP. Without it, the other 22 report $9.0 billion.

    Fund assets, latest Form ADV of each; sums of filed figures

  2. $110MM

    is the median: half of the 23 report less, and 20 report under $1 billion.

    Fund assets, latest Form ADV of each

  3. 168

    private funds are advised by the firms counted; Run Ventures advises the most, 25.

    Private funds on each Form ADV (Schedule D); sums of filed figures

  4. $57MM

    of US listed stocks reported by 1 firm counted for a 2026 quarter; the largest, Mercato Management Legacy, reported $57 million.

    Quarterly listed stock reports (Form 13F), 2026

  5. 6

    private offering notices in two years were filed by funds and vehicles named for 3 firms; RET Ventures leads with 3.

    Private offering notices, to

  6. 10

    of the 23 have their main office in Salt Lake City; the next place is Park City and Heber, with 7.

    Main office on each Form ADV

Questions

How many venture capital firms are there in Utah?

This list holds 23 venture capital firms in Utah; 23 of them report private fund gross assets on Form ADV, $10.7 billion together.

What are the largest venture capital firms in Utah?

By the private fund gross assets they report: West RIM II UGP $1.8 billion, Pelion Venture Partners $1.4 billion, Run Ventures $1.1 billion, Mercato Management Legacy $990 million, Album Ventures $963 million.

How much do venture capital firms in Utah typically manage?

Of the 23 that report, the median reports $110 million in private fund gross assets; 20 report under $1 billion.

How do you start a relationship with venture capital firms in Utah?

Each firm on this page links to its own website, and each figure carries a pin that opens the public filing it comes from. For fund managers and companies raising capital, Praxis Rock runs capital formation programs; see Raise Capital.

Sources and method

Who is listed
23 venture capital firms, 23 are venture capital firms, as researched for this list; no row leaves the list. Venture capital firms with their main office in Utah that file Form ADV with the SEC and report at least one venture capital fund or claim the venture capital fund adviser exemption, placed by the main office on their own filing.
Ranking rule
The top 10, every total, share and median, the charts and the answers to the questions use one set: the 23 advisers that report private fund gross assets in their latest SEC Form ADV, with a main office in Utah, that the filing itself ties to the row (the CRD the list cites, or the row's own website in Item 1.I), one figure per adviser. A name match with no such tie is shown in the row's detail only, never ranked or counted.
Our arithmetic
The $10.7BN, the median, shares, charts and boards are sums and medians of filed numbers over that one set; 0 firms with a figure outside it stay listed with the figure and the reason.
Pins
Each figure's pin opens the filing it comes from: the adviser's Form ADV as filed, or the SEC filing index of its 13F report or of the latest private offering notice (Form D). The pin's label names the source and its date.
What we searched
On we searched every firm by its website against the websites advisers list on Form ADV, by the CRD the list cites, by name for Form ADV, and by every CIK found for 13F reports, and searched private offering notices for funds named for it. Of the 23, 23 report on a current Form ADV, 2 file 13F reports (1 for a 2026 quarter with a value), 3 have funds named for them in private offering notices, and 0 more show a possible match by name only in their detail, not counted.
Words
Kinds and interests are each firm's own, from its website. No person names are shown.
Sources and dates
FigureSourcePeriod, read
Assets, private funds, client types, main office, employeesSEC Form ADV adviser data, October 2026 report, and each adviser's Form ADV as filed, 23 advisersFilings to 2026-10-01; read 2026-10-31
Listed stocksSEC EDGAR Form 13F, 2 filersLatest quarter; read 2026-10-31
Private offering notices of funds named for a firmSEC EDGAR full text search, Form D and D/A2024-10-31 to 2026-10-31
Kind, interests and websiteEach firm's own website, as researched for this listChecked 2026-10-31
LogosEach firm's own website; a monogram where none checksRead 2026-10-31

Cite as: Praxis Rock Advisors, "Venture Capital Firms in Utah," updated October 31, 2026, praxisrock.com/resources/investors/vc-firms-utah

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