42.ventures
42.ventures, established in 2006 and based in Salt Lake City, Utah, is a unique investment firm that partners with growth-stage companies. Unlike traditional venture capital firms, 42.ventures is led by entrepreneurs who have built and scaled their own businesses, providing them with a deep understanding of the challenges and opportunities faced by their portfolio companies. They invest between $250,000 and $1.5 million, focusing on software-as-a-service, mobile software, artificial intelligence, and big data sectors. The firm's evergreen fund structure allows for flexible investment timelines and a focus on supporting portfolio companies over financial returns.
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Past deals in Utah
iDealResponse
Series A in 2012
iDealResponse drives consistently exceptional customer conversations. The first “verbal social” platform, iR helps sales and support reps hone sales pitches, master winning responses to customer objections, and prepare for critical negotiations. An easy-to-use, phone-based solution, it gives teams a way to collaborate in real-time to quickly master the knowledge and verbal skills to win and keep customers.
It was founded in 2009 and headquartered in Draper, Utah.
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