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Venture Capital
highway12ventures.com

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Investments

75

Portfolio Exits

18

Funds

2

About Highway 12 Ventures

At Highway 12 Ventures we have one goal, to partner with the most promising high-growth start-up companies in the Intermountain West states of Idaho, Montana, Utah and Colorado to build lasting, market leading companies. We understand the unique challenges of building a company in this region and work hard to bring valuable resources to its entrepreneurs. With over $100 million under management, we have the resources to help you properly finance your company.

Highway 12 Ventures Headquarter Location

802 W. Bannock Street #701

Boise, Idaho, 83702,

United States

208-345-8383

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Latest Highway 12 Ventures News

Highway 12 Ventures Drops Plans For Third Fund

Jul 26, 2011

Tweet In an unusual move, Boise, Idaho-based Highway 12 Ventures , the venture capital firm run by George Mulhern, Phil Reed, Mark Solon, and Glenn Michael, said today that it has decided not to raise a third fund. According to a blog post by Managing Partner Mark Solon, the firm decided not to raise a third fund because it has "over twenty companies to manage" in its current portfolio, including three funds in its first fund, which is approaching ten years old. Highway 12 said it would be spending more time looking to maximize returns for our limited partners. The firm said--despite "genuine interest from both new and existing investors"--that it is looking to maximize value of its Fund I & Fund II. Solon told techrockies.com that it had plenty of LP interest, and could have raised a new fund, but that for personal reasons the firm did not want to commit to a new fund. The firm did not say if it might look into raising a new fund in the future; like most venture capital funds, Highway 12 is dependent on the interest of limited partners (LPs) in private equity and venture capital investments, something which waxes and wanes with the market and with the level of success in a venture fund's portfolio.

Highway 12 Ventures Investments

75 Investments

Highway 12 Ventures has made 75 investments. Their latest investment was in AppDetex as part of their Series C on August 8, 2020.

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Highway 12 Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/27/2020

Series C

AppDetex

$12.21M

Yes

3

10/27/2015

Series D

GutCheck

$12M

No

Crawley Ventures, Grotech Ventures, Piper Sandler, Rally Ventures, and Village Ventures

2

3/24/2015

Series C

Lendio

$20.5M

No

Blumberg Capital, Napier Park Global Capital, North Hill Ventures, Pivot Investment Partners, Runa Capital, and Tribeca Venture Partners

5

10/23/2014

Series A

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$99M

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10

6/30/2014

Series B

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$99M

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10

Date

8/27/2020

10/27/2015

3/24/2015

10/23/2014

6/30/2014

Round

Series C

Series D

Series C

Series A

Series B

Company

AppDetex

GutCheck

Lendio

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Amount

$12.21M

$12M

$20.5M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Crawley Ventures, Grotech Ventures, Piper Sandler, Rally Ventures, and Village Ventures

Blumberg Capital, Napier Park Global Capital, North Hill Ventures, Pivot Investment Partners, Runa Capital, and Tribeca Venture Partners

Sources

3

2

5

10

10

Highway 12 Ventures Portfolio Exits

18 Portfolio Exits

Highway 12 Ventures has 18 portfolio exits. Their latest portfolio exit was CradlePoint on September 18, 2020.

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

9/18/2020

Acquired

$991

12

12/3/2019

Merger

1

5/28/2019

Acquired

$991

3

00/00/0000

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$991

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10

00/00/0000

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$991

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10

Date

9/18/2020

12/3/2019

5/28/2019

00/00/0000

00/00/0000

Exit

Acquired

Merger

Acquired

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Companies

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Valuation

$991

$991

$991

$991

Acquirer

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Sources

12

1

3

10

10

Highway 12 Ventures Fund History

2 Fund Histories

Highway 12 Ventures has 2 funds, including Highway 12 Ventures II LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/18/2007

Highway 12 Ventures II LP

Early-Stage Venture Capital

$75M

1

11/2/2001

Highway 12 Ventures LP

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$99M

10

Closing Date

7/18/2007

11/2/2001

Fund

Highway 12 Ventures II LP

Highway 12 Ventures LP

Fund Type

Early-Stage Venture Capital

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Status

Amount

$75M

$99M

Sources

1

10

Highway 12 Ventures Team

12 Team Members

Highway 12 Ventures has 12 team members, including current Chief Executive Officer, Joe Daltoso.

Name

Work History

Title

Status

Pete Gombert

Founder

Current

Joe Daltoso

Chief Executive Officer

Current

George Harad

Chief Executive Officer

Current

Mark Peterson

Chief Executive Officer, President

Current

Bill Shiebler

Chief Executive Officer

Current

Name

Pete Gombert

Joe Daltoso

George Harad

Mark Peterson

Bill Shiebler

Work History

Title

Founder

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer, President

Chief Executive Officer

Status

Current

Current

Current

Current

Current

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