EPIC Ventures
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EPIC is Utah's OG venture shop with serious street cred - 1 unicorn, 6 IPOs and 47 acquisitions including key companies like Ancestry, Recursion Pharmaceuticals and Genpact since 1994. What sets them apart is their deep operational chops and genuine founder-first mentality. EPIC Managing Directors Kent Madsen and Nick Efstratis have both been with the firm for over 20 years. Kent, formerly the CEO of a publicly traded NASDAQ Company, has been directly involved in 6 IPO's and dozens of acquisitions. They're not just check-writers - they roll up their sleeves and actually help build companies. We are very active investors and seek board of directors representation in each of our investments. The Zions Bank backing gives them unique staying power and banking relationships that most VCs can't match. Fair warning though: they're thorough in due diligence and expect serious commitment from founders.
- —Best for: B2B SaaS founders who want hands-on partners with 30 years of operational experience
- —Watch out for: Rigorous due diligence process and high expectations for founder commitment
- —Known for: Solid exits, deep Utah ecosystem connections, and genuine post-investment support
EPIC Ventures is a premier early stage software and Internet infrastructure venture firm whose mission is to back entrepreneurs and companies positioned to lead the information economy of tomorrow. The firm prefers to invest in technology companies with a focus on software-as-a-service, healthcare, security, and the future of work sectors.
It primarily invests in Series A round in United States based startups. Top sectors in EPIC Ventures' portfolio are Enterprise Applications (82 investments) and Enterprise Infrastructure (30 investments) with proven exits in SaaS, fintech, healthcare tech, and security companies. Their sweet spot appears to be B2B software companies selling to C-suite executives.
Kent Madsen is a Managing Director at EPIC Ventures and has been investing in early-stage technology companies for almost two decades. While in venture capital Kent has directly worked on 6 IPO's and dozens of acquisitions. Kent has served on numerous for- and non-profit boards of directors, including about 10 years on Zions Bank's Board of Directors. Previously, Kent served as President, CEO and board member of MACC Private Equities (NASDAQ: MACC) and its wholly owned subsidiary MorAmerica Capital.
Nick is an operator whose early experiences at Excite.com and as a founding member of the management team at NetDocuments helped shape his commitment to entrepreneurs and founders. Over the last decade, Nick has served as a judge for the Ernst & Young Entrepreneur of the Year Awards. In addition, Nick was recently tapped to speak at The White House at The President's American Leadership in Emerging Technology event.
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