Investments
245Portfolio Exits
52Funds
9Partners & Customers
1About 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
Latest Epic Ventures News
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.
Epic Ventures Investments Activity
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 | |||||
10/25/2021 | Seed VC - II |
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 | ||
Amount | $11M | $13M | $25M | ||
New? | No | No | No | ||
Co-Investors | |||||
Sources | 2 | 2 | 16 |
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 | 8 | |||
11/18/2021 | Acquired | 7 | |||
9/23/2021 | Acquired | 2 | |||
Date | 4/1/2022 | 11/18/2021 | 9/23/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 8 | 7 | 2 |
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 | ||||
4/30/2010 | Epic Venture Fund IV | ||||
9/30/2004 | Wasatch New Mexico Fund | ||||
12/31/2001 | Wasatch Venture Fund III |
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 | ||||
Status | Closed | ||||
Amount | $51.55M | ||||
Sources | 1 |
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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