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Venture Capital
highway12ventures.com

Investments

75

Portfolio Exits

20

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.

Headquarters 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 Tracer 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

Tracer

$12.21M

Yes

4

10/27/2015

Series D

GutCheck

$12M

No

2

3/24/2015

Series C

Lendio

$20.5M

No

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

Tracer

GutCheck

Lendio

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Amount

$12.21M

$12M

$20.5M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

4

2

5

10

10

Highway 12 Ventures Portfolio Exits

20 Portfolio Exits

Highway 12 Ventures has 20 portfolio exits. Their latest portfolio exit was GutCheck on October 26, 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

10/26/2022

Acquired

$99M

4

1/18/2022

Acquired

$99M

3

9/18/2020

Acquired

$99M

12

12/3/2019

Merger

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$99M

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10

5/28/2019

Acquired

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$99M

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10

Date

10/26/2022

1/18/2022

9/18/2020

12/3/2019

5/28/2019

Exit

Acquired

Acquired

Acquired

Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

3

12

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

Closed

$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

Closed

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Amount

$75M

$99M

Sources

1

10

Highway 12 Ventures Team

14 Team Members

Highway 12 Ventures has 14 team members, including , .

Name

Work History

Title

Status

Pete Gombert

Founder

Current

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Name

Pete Gombert

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Work History

Title

Founder

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Status

Current

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