Funding

This past week was relatively quiet within Utah’s business community, news-wise, and then all heck broke loose Thursday morning with the news that South Jordan, Utah-based Lucid [https://lucid.co/] has raised over $500 million in a “ secondary investment.” According to the company news release [https://www.prnewswire.com/

Mercato Partners has raised $100 million for Savory Fund II, Clarus (the former Black Diamond) is making a $198 million acquisition, Spiff just closed on a $46 million round of funding, and more. -------------------------------------------------------------------------------- When you’re doing a great job, people tend to notice. This concept holds true in

Investment community continues its “Love Affair” with Utah as over $750MM pours into Utah firms in the first two weeks of 2021 The headline is straightforward; the subhead, however, points to a more nuanced and exciting story. More on that below. To begin … #Lehi-based MX has raised $300 million in

Whistic, the vendor security software company, has welcomed a $12M Series A, led by Emergence with participation from Album VC and existing investors.

Artifact, founded in 2019 by Nate Sanders, Caleb Bartholomew, and Trey Davis, is a software system that solves many of the pain points businesses have. Artifact has recently held a successful $2M round of seed funding.

Huckabuy, a SaaS company based in Park City, Utah, brings a new technology-based approach to the way we understand SEO. Huckabuy has been growing rapidly and has recently welcomed a $2.3 million seed round.

Peterson Ventures, specializing in early stage ventures, has recently welcomed partner Ilana Stern, former CEO and founder of Weddington Way. This new partnership holds excitement and promise, as Stern comes full circle with Peterson Ventures.

Divvy, a modern payment and expense management platform for business, today announced a $200 million financing round led by NEA, with participation from existing investors Pelion Venture Partners and Insight Venture Partners.