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Venture Capital
epicvc.com

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Investments

245

Portfolio Exits

52

Funds

9

Partners & Customers

1

About Epic Ventures

Epic Ventures, formerly Wasatch Ventures, was formed in 1994 and is a early-stage technology-focused venture capital firm. Epic invests in early-stage technology companies and manages four funds with over $170 million in capital under management. Since its inception, Epic has completed 20 successful exits, including five IPOs and 15 acquisitions. Headquartered in Utah, Epic also maintains offices in Idaho and New Mexico. Epic was founded by Zions Bancorporation and is a Partner Fund in the DFJ Global Network.

Epic Ventures Headquarter Location

15 West South Temple Suite 500

Salt Lake City, Utah, 84101,

United States

801-524-8939

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Latest Epic Ventures News

ShardSecure Raises $11M in Series A Funding

May 25, 2022

ShardSecure , a NYC-based cloud cybersecurity company, raised USD11m in Series A funding. The round was led by Grotech Ventures, with participation from Gula Tech Adventures and KPMG LLP, as well as existing investors Tom Noonan, EPIC Ventures, and Industrifonden. As part of the investment, Steve Fredrick, General Partner of Grotech Ventures, and Ron Gula, Co-Founder and President of Gula Tech Adventures and Co-Founder and former CEO of Tenable (TENB), will join ShardSecure’s board. The company intends to use the funds for continued product development and third-party product integrations — and expansion of its sales and marketing operations in North America and Europe. Led by Bob Lam, Co-Founder and CEO, ShardSecure is the inventor of Microshard™ technology that mitigates data security and privacy risks in the cloud. The Microshard process to shred, mix, and distribute data renders data unintelligible and of no value to attackers, mitigating the risk of data compromise. Among the primary innovations of Microshard technology is its self-healing data, which reverses unauthorized data deletion and tampering (including ransomware) for data at rest. Virtual clusters support high-availability and failover functionality within a cluster and among multiple clusters to help ensure that critical data at rest stays secure and available. ShardSecure also supports business continuity through its approach of distributing Microshard data to multiple customer-provided storage locations and its RAID-5-like ability to recreate data impacted by storage service outages. This approach protects against the risk of data loss and allows business operations to continue unaffected during an outage. Key customers include major financial firms, healthcare and pharmaceutical organizations, global technology businesses, and companies in other regulated industries. FinSMEs

Epic Ventures Investments

245 Investments

Epic Ventures has made 245 investments. Their latest investment was in ShardSecure as part of their Series A on May 5, 2022.

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Epic Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/25/2022

Series A

ShardSecure

$11M

No

2

3/10/2022

Series B

EveryoneSocial

$13M

No

2

2/3/2022

Series B

GuideCX

$25M

No

16

1/4/2022

Seed VC

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$99M

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10

10/25/2021

Seed VC - II

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$99M

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10

Date

5/25/2022

3/10/2022

2/3/2022

1/4/2022

10/25/2021

Round

Series A

Series B

Series B

Seed VC

Seed VC - II

Company

ShardSecure

EveryoneSocial

GuideCX

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Amount

$11M

$13M

$25M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

2

2

16

10

10

Epic Ventures Portfolio Exits

52 Portfolio Exits

Epic Ventures has 52 portfolio exits. Their latest portfolio exit was Area 1 Security on April 01, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/1/2022

Acquired

$99M

8

11/18/2021

Acquired

$99M

7

9/23/2021

Acquired

$99M

2

8/27/2021

Reverse Merger

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$99M

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10

8/2/2021

Acquired

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$99M

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10

Date

4/1/2022

11/18/2021

9/23/2021

8/27/2021

8/2/2021

Exit

Acquired

Acquired

Acquired

Reverse Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

8

7

2

10

10

Epic Ventures Fund History

9 Fund Histories

Epic Ventures has 9 funds, including Epic Ventures V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/14/2016

Epic Ventures V

Early-Stage Venture Capital

Closed

$51.55M

1

1/31/2011

Epic Ventures IV

$99M

10

4/30/2010

Epic Venture Fund IV

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$99M

10

9/30/2004

Wasatch New Mexico Fund

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$99M

10

12/31/2001

Wasatch Venture Fund III

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$99M

10

Closing Date

11/14/2016

1/31/2011

4/30/2010

9/30/2004

12/31/2001

Fund

Epic Ventures V

Epic Ventures IV

Epic Venture Fund IV

Wasatch New Mexico Fund

Wasatch Venture Fund III

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$51.55M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Epic Ventures Partners & Customers

1 Partners and customers

Epic Ventures has 1 strategic partners and customers. Epic Ventures recently partnered with Lux Capital on September 9, 2008.

Date

Type

Business Partner

Country

News Snippet

Sources

9/8/2008

Partner

United States

EPIC Venture Fund Third Quarter 2008 Newsletter.

EPIC Ventures partnered with New Venture Partners , Sigma Partners , Lux Capital , and Draper Fisher Jurvetson to invest in Everspin Technologies , a company spun off from Freescale Semiconductor that focuses on the development of MRAM , which stands for magnetoresistive random access memory , and will potentially advance computer memory technology with more power and dependability .

1

Date

9/8/2008

Type

Partner

Business Partner

Country

United States

News Snippet

EPIC Venture Fund Third Quarter 2008 Newsletter.

EPIC Ventures partnered with New Venture Partners , Sigma Partners , Lux Capital , and Draper Fisher Jurvetson to invest in Everspin Technologies , a company spun off from Freescale Semiconductor that focuses on the development of MRAM , which stands for magnetoresistive random access memory , and will potentially advance computer memory technology with more power and dependability .

Sources

1

Epic Ventures Team

8 Team Members

Epic Ventures has 8 team members, including current Founder, Managing Director, Nick Efstratis.

Name

Work History

Title

Status

Nick Efstratis

Founder, Managing Director

Current

Kent Madsen

Founder, Managing Partner

Current

Ryan Davis

Subtraction Capital, Utah Capital Investments, University Venture Fund, Zions First National Bank, and KPMG

Chief Financial Officer

Current

Jack Boren

Managing Director

Current

Nick Esfratis

Managing Director

Current

Name

Nick Efstratis

Kent Madsen

Ryan Davis

Jack Boren

Nick Esfratis

Work History

Subtraction Capital, Utah Capital Investments, University Venture Fund, Zions First National Bank, and KPMG

Title

Founder, Managing Director

Founder, Managing Partner

Chief Financial Officer

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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