vSpring Capital

vSpring Capital was a private equity and venture capital firm founded in 2000 and based in Salt Lake City, Utah. It specialized in seed, startup, and early-stage investments, with a focus on information technology and life sciences sectors, including areas such as genomics, drug discovery, enterprise software, and medical devices. The firm primarily targeted companies located in the Intermountain West region of the United States, particularly the Rocky Mountain area. Known for its hands-on approach, vSpring Capital aimed to be the first investor in its portfolio companies, providing operational assistance, making key introductions, and helping to recruit top executives. The firm typically invested between $2 million and $3 million initially, with potential follow-on investments up to $10 million over the life of a company. In 2012, vSpring Capital merged with Signal Peak Ventures, combining their expertise and resources under the Signal Peak Ventures name.

Ed Ekstrom

Managing Director

Dinesh Patel

Founding Managing Director

Past deals in Utah

Lineagen

Series B in 2011
Lineagen, Inc. is a genetics diagnostic company based in Salt Lake City, Utah, that specializes in genetic testing and clinical information services for neurodevelopmental disorders, particularly autism spectrum disorders (ASDs). Founded in 2002, Lineagen offers several key products, including FirstStepDx PLUS, a chromosomal microarray platform designed to identify genomic changes associated with autism, and NextStepDx PLUS, a genetic sequencing test that detects small genomic alterations. Additionally, the company provides M-CHAT.org, an online tool for developmental screening. Lineagen aims to improve outcomes for individuals affected by complex diseases through early diagnosis and intervention, leveraging extensive proprietary research and access to the Utah Population Database to enhance its understanding of genetic contributions to these conditions. As of August 2020, Lineagen operates as a subsidiary of Bionano Genomics, Inc.

Control4

Venture Round in 2011
Control4 Corporation is a manufacturer of smart home and business solutions, headquartered in Salt Lake City, Utah. Founded in 2003, the company provides a comprehensive suite of products designed to enhance comfort, convenience, and security in residential and commercial environments. Its offerings include an integrated home operating system that connects various devices such as audio, video, lighting, temperature control, and security systems. Control4's product line consists of both hardware and software components, including controllers, touch screens, dimmers, and audio-video solutions. The company also provides software development kits for custom integration and remote access services that allow users to monitor and adjust their systems from anywhere. Control4 sells its products through a network of dealers and custom integrators across the United States and internationally, catering to both consumer electronics and commercial sectors.

Lineagen

Series A in 2010
Lineagen, Inc. is a genetics diagnostic company based in Salt Lake City, Utah, that specializes in genetic testing and clinical information services for neurodevelopmental disorders, particularly autism spectrum disorders (ASDs). Founded in 2002, Lineagen offers several key products, including FirstStepDx PLUS, a chromosomal microarray platform designed to identify genomic changes associated with autism, and NextStepDx PLUS, a genetic sequencing test that detects small genomic alterations. Additionally, the company provides M-CHAT.org, an online tool for developmental screening. Lineagen aims to improve outcomes for individuals affected by complex diseases through early diagnosis and intervention, leveraging extensive proprietary research and access to the Utah Population Database to enhance its understanding of genetic contributions to these conditions. As of August 2020, Lineagen operates as a subsidiary of Bionano Genomics, Inc.

Coherex Medical

Series B in 2009
Coherex Medical, Inc. specializes in the design, development, and marketing of catheter-based technologies aimed at treating structural heart defects. The company focuses on developing devices for patients with atrial fibrillation who are at risk for stroke, including an innovative closure system for the left atrial appendage (LAA) and a patent foramen ovale (PFO) closure system that promotes tissue in-growth for long-term closure. Founded in 2003 as Proximare, Inc., the company rebranded to Coherex Medical in 2006 and is headquartered in Salt Lake City, Utah. Coherex Medical serves both domestic and international markets, providing crucial treatment options for structural heart conditions. As of 2015, the company operates as a subsidiary of Biosense Webster, Inc.

Control4

Venture Round in 2009
Control4 Corporation is a manufacturer of smart home and business solutions, headquartered in Salt Lake City, Utah. Founded in 2003, the company provides a comprehensive suite of products designed to enhance comfort, convenience, and security in residential and commercial environments. Its offerings include an integrated home operating system that connects various devices such as audio, video, lighting, temperature control, and security systems. Control4's product line consists of both hardware and software components, including controllers, touch screens, dimmers, and audio-video solutions. The company also provides software development kits for custom integration and remote access services that allow users to monitor and adjust their systems from anywhere. Control4 sells its products through a network of dealers and custom integrators across the United States and internationally, catering to both consumer electronics and commercial sectors.

Catheter Connections

Seed Round in 2009
Catheter Connections, Inc. specializes in developing vascular access products aimed at preventing infections during intravenous infusion therapy. Founded in 2008 and based in Salt Lake City, Utah, the company offers the DualCap System, which includes user-friendly, single-use disinfecting caps designed to protect IV catheter access points. The system helps healthcare facilities combat IV catheter-related bloodstream infections by effectively disinfecting IV tubing end connectors and needle-free valves. Catheter Connections markets its products through a network of sales representatives, focusing on providing integrated solutions for infection control in healthcare settings across the United States. As of early 2017, the company operates as a subsidiary of Merit Medical Systems, Inc.

Lineagen

Series A in 2008
Lineagen, Inc. is a genetics diagnostic company based in Salt Lake City, Utah, that specializes in genetic testing and clinical information services for neurodevelopmental disorders, particularly autism spectrum disorders (ASDs). Founded in 2002, Lineagen offers several key products, including FirstStepDx PLUS, a chromosomal microarray platform designed to identify genomic changes associated with autism, and NextStepDx PLUS, a genetic sequencing test that detects small genomic alterations. Additionally, the company provides M-CHAT.org, an online tool for developmental screening. Lineagen aims to improve outcomes for individuals affected by complex diseases through early diagnosis and intervention, leveraging extensive proprietary research and access to the Utah Population Database to enhance its understanding of genetic contributions to these conditions. As of August 2020, Lineagen operates as a subsidiary of Bionano Genomics, Inc.

Control4

Series F in 2008
Control4 Corporation is a manufacturer of smart home and business solutions, headquartered in Salt Lake City, Utah. Founded in 2003, the company provides a comprehensive suite of products designed to enhance comfort, convenience, and security in residential and commercial environments. Its offerings include an integrated home operating system that connects various devices such as audio, video, lighting, temperature control, and security systems. Control4's product line consists of both hardware and software components, including controllers, touch screens, dimmers, and audio-video solutions. The company also provides software development kits for custom integration and remote access services that allow users to monitor and adjust their systems from anywhere. Control4 sells its products through a network of dealers and custom integrators across the United States and internationally, catering to both consumer electronics and commercial sectors.

Q Therapeutics

Venture Round in 2008
Q Therapeutics is a development stage company based in Salt Lake City, Utah, focused on creating human cell-based therapies for degenerative diseases affecting the brain and spinal cord. The company is primarily engaged in the development of Q-Cells, a novel stem cell therapy designed to treat a range of conditions, including amyotrophic lateral sclerosis (ALS), multiple sclerosis, transverse myelitis, traumatic spinal cord injury, and Parkinson's disease. Additionally, Q Therapeutics aims to address other neurological disorders such as Alzheimer’s disease, traumatic brain injury, cerebral palsy, leukodystrophies, central nervous system storage diseases, and peripheral neuropathies. The therapies developed by Q Therapeutics work by replacing the insulating myelin on damaged neurons and providing trophic support to restore and preserve normal neurological functions.

Coherex Medical

Series A in 2007
Coherex Medical, Inc. specializes in the design, development, and marketing of catheter-based technologies aimed at treating structural heart defects. The company focuses on developing devices for patients with atrial fibrillation who are at risk for stroke, including an innovative closure system for the left atrial appendage (LAA) and a patent foramen ovale (PFO) closure system that promotes tissue in-growth for long-term closure. Founded in 2003 as Proximare, Inc., the company rebranded to Coherex Medical in 2006 and is headquartered in Salt Lake City, Utah. Coherex Medical serves both domestic and international markets, providing crucial treatment options for structural heart conditions. As of 2015, the company operates as a subsidiary of Biosense Webster, Inc.

ExpertVoice

Series B in 2006
ExpertVoice is an online marketing platform that connects brands with influencers to enhance product promotion. Founded in 2004 and headquartered in Salt Lake City, Utah, ExpertVoice enables brands to identify, educate, and reward trusted influencers, including retail sales associates and category professionals. The platform facilitates the creation of deals and discounts, allowing advocates to test products. By leveraging expert recommendations, brands can increase sales and build credibility in the marketplace.

Control4

Series D in 2006
Control4 Corporation is a manufacturer of smart home and business solutions, headquartered in Salt Lake City, Utah. Founded in 2003, the company provides a comprehensive suite of products designed to enhance comfort, convenience, and security in residential and commercial environments. Its offerings include an integrated home operating system that connects various devices such as audio, video, lighting, temperature control, and security systems. Control4's product line consists of both hardware and software components, including controllers, touch screens, dimmers, and audio-video solutions. The company also provides software development kits for custom integration and remote access services that allow users to monitor and adjust their systems from anywhere. Control4 sells its products through a network of dealers and custom integrators across the United States and internationally, catering to both consumer electronics and commercial sectors.

ExpertVoice

Series A in 2005
ExpertVoice is an online marketing platform that connects brands with influencers to enhance product promotion. Founded in 2004 and headquartered in Salt Lake City, Utah, ExpertVoice enables brands to identify, educate, and reward trusted influencers, including retail sales associates and category professionals. The platform facilitates the creation of deals and discounts, allowing advocates to test products. By leveraging expert recommendations, brands can increase sales and build credibility in the marketplace.

Cogito

Series B in 2005
Cogito Inc. develops graph-based relationship analytics software and services, focusing on providing tools for modeling and querying data. Its flagship offering, the Cogito Knowledge Center, includes middleware engines, servers, and development tools. Key components of its software include the Graph Engine for modeling and query services, Workbench for prototyping graph data stores, and Graph Server, which hosts various graph stores for clients. Additionally, the Data Integration Broker facilitates data exchanges between graph stores and other data systems. Cogito's technology finds applications across various sectors, including intelligence and security, social network analysis, manufacturing, and bioinformatics. The company also offers a Graph Query Language for creating query statements and Graph Analytics tools for analyzing interaction patterns within social networks. Founded in 1994 and based in Draper, Utah, Cogito operates as a subsidiary of Reachable, Inc.

Control4

Series C in 2005
Control4 Corporation is a manufacturer of smart home and business solutions, headquartered in Salt Lake City, Utah. Founded in 2003, the company provides a comprehensive suite of products designed to enhance comfort, convenience, and security in residential and commercial environments. Its offerings include an integrated home operating system that connects various devices such as audio, video, lighting, temperature control, and security systems. Control4's product line consists of both hardware and software components, including controllers, touch screens, dimmers, and audio-video solutions. The company also provides software development kits for custom integration and remote access services that allow users to monitor and adjust their systems from anywhere. Control4 sells its products through a network of dealers and custom integrators across the United States and internationally, catering to both consumer electronics and commercial sectors.

Control4

Series A in 2003
Control4 Corporation is a manufacturer of smart home and business solutions, headquartered in Salt Lake City, Utah. Founded in 2003, the company provides a comprehensive suite of products designed to enhance comfort, convenience, and security in residential and commercial environments. Its offerings include an integrated home operating system that connects various devices such as audio, video, lighting, temperature control, and security systems. Control4's product line consists of both hardware and software components, including controllers, touch screens, dimmers, and audio-video solutions. The company also provides software development kits for custom integration and remote access services that allow users to monitor and adjust their systems from anywhere. Control4 sells its products through a network of dealers and custom integrators across the United States and internationally, catering to both consumer electronics and commercial sectors.

Salus Therapeutics

Series B in 2002
Salus Therapeutics Inc., a privately held biotechnology company founded in July 1999 and located in Salt Lake City, uses a proprietary "OptiSense(R)" technology for the discovery of new oligonucleotide-based medicines. The company's unique co-polymers are used as transfection vehicles to deliver RNA- and DNA-based drugs.
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