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Peterson Partners

North America, Utah, United States, Salt Lake City

Description

Peterson Partners is a prominent independent investment management firm based in Salt Lake City, Utah, with a diversified approach to alternative asset classes. Established with a long-term perspective, the firm distinguishes itself through its multi-strategy investment platform, encompassing Growth Equity, Private Equity, Venture Capital, and Real Estate. This broad mandate allows Peterson Partners to engage with companies across various stages of development and industries, from early-stage technology startups to mature, profitable businesses. Their philosophy often emphasizes partnering with strong management teams and founders, providing both capital and strategic support.

Within its comprehensive investment framework, Peterson Partners operates two key equity strategies particularly relevant to private companies seeking capital: Venture Capital and Growth Equity. The Venture Capital arm, known as Peterson Ventures, focuses on early-stage technology companies, typically deploying initial investments ranging from $1 million to $10 million. This strategy targets disruptive innovations and high-growth potential businesses. Complementing this, their Growth Equity practice targets profitable, founder-led businesses, providing significant capital injections for expansion, market leadership, or strategic initiatives. For these growth-stage opportunities, Peterson Partners typically writes first cheques between $10 million and $50 million.

The firm's ability to execute these diverse strategies is underpinned by substantial capital commitments. For instance, their latest growth equity fund, Peterson Partners X, successfully closed on $300 million in 2021, demonstrating robust investor confidence in their mid-market growth equity thesis. Similarly, their venture capital efforts are supported by dedicated funds, with Peterson Ventures IV closing on $100 million in 2022, underscoring their continued commitment to the early-stage tech ecosystem. Across all their equity investments, Peterson Partners aims to be a value-add partner, leveraging their extensive network and operational expertise to help portfolio companies scale and achieve their strategic objectives.

Peterson Partners' integrated approach, combining venture capital with later-stage growth and private equity, offers a unique proposition for entrepreneurs. It allows them to support companies from their nascent stages through significant growth phases, potentially providing follow-on capital or facilitating later-stage transactions within their own ecosystem. This long-term, relationship-driven investment model, coupled with their strategic presence in Salt Lake City, positions them as a significant player in the broader U.S. investment landscape, particularly for companies seeking patient capital and experienced guidance.

Investor Profile

Peterson Partners has backed more than 21 startups, with 2 new investments in the last 12 months alone. The firm has led 9 rounds, about 43% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Private Equity, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Brazil.
  • Strong thematic focus on Software, Wellness, Health Care.
  • Led 1 rounds in the past year.
  • Typical check size: $1M – $50M.

Stage Focus

  • Series Unknown (29%)
  • Private Equity (29%)
  • Series A (24%)
  • Series B (10%)
  • Series C (5%)
  • Seed (5%)

Country Focus

  • United States (95%)
  • Brazil (5%)

Industry Focus

  • Software
  • Wellness
  • Health Care
  • Medical
  • Consumer Goods
  • Security
  • Billing
  • Financial Services
  • Beauty
  • E-commerce
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Peterson Partners frequently co-invest with?

Bossa Invest
South America, Sao Paulo, Brazil, São Paulo
Co-Investments: 1
SpringTide Ventures
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
Green D Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 1
Toba Capital
North America, California, United States, San Francisco
Co-Investments: 2
Norwest Venture Partners
North America, California, United States, Palo Alto
Co-Investments: 1
NV
North America, California, United States, Cupertino
Co-Investments: 1
II
North America, New York, United States, New York
Co-Investments: 1
Comcast Ventures
North America, California, United States, San Francisco
Co-Investments: 1
Maveron
North America, California, United States, San Francisco
Co-Investments: 1
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 1

Which angels does Peterson Partners often collaborate with?

BO
North America, California, United States, Oakland
Shared Deals: 1
ZZ
North America, Utah, United States, Draper
Shared Deals: 1
BR
North America, Colorado, United States
Shared Deals: 1
SM
North America, Utah, United States, Provo
Shared Deals: 1

What are some of recent deals done by Peterson Partners?

Clutch

Half Moon Bay, California, United States

Clutch transforms Credit Unions into FinTechs, enhancing loan and deposit onboarding.

FinanceFinancial ServicesFinTech
Series BJan 23, 2025
Amount Raised: $65,000,000
Gloss Ventures

Los Angeles, California, United States

Gloss Ventures creates the next-generation portfolio of legacy brands.

Brand MarketingBusiness DevelopmentPersonal Branding
Series AJan 23, 2025
Amount Raised: $15,000,000
Tava Health

Salt Lake City, Utah, United States

Tava Health improves emotional health through frictionless, technology-enabled care.

Health CareMedicalWellness
Series BDec 15, 2023
Amount Raised: $20,000,000
49 Mile Ventures

San Francisco, California, United States

49 Mile Ventures is an innovative orthodontic platform

Venture Capital
Private EquityAug 2, 2023
Amount Raised: $25,000,000
[solidcore]

Washington, District of Columbia, United States

Solidcore is a 50-minute workout that delivers high intensity strength training for the entire body.

FitnessHealth CarePersonal Development
Private EquityMay 4, 2023
Oops

Salt Lake City, Utah, United States

Oops is a venture-backed startup that offers easy returns right from your doorstep.

DeliveryDelivery ServicePackaging ServicesPublishing
SeedNov 14, 2022
Amount Raised: $5,000,000
Zartico

Salt Lake City, Utah, United States

Zartico is a provider of destination operating systems for destination management organizations.

CivicTechGovTechNatural Language ProcessingOperating SystemsPredictive AnalyticsTourismTravel
Series ASep 20, 2022
Amount Raised: $20,000,000
Black Mountain Software

Polson, Montana, United States

Black Mountain Software is a provider of fund accounting, payroll and utility billing solutions.

AccountingBillingFinancial ServicesSoftware
Private EquityJul 5, 2022
Pupford

American Fork, Utah, United States

Pupford provides pup owners with training and products to overcome their dog’s problem behaviors and raise a healthy and well-behaved pup.

Consumer GoodsPetWellness
Series UnknownFeb 23, 2022
OneShield Software

Marlborough, Massachusetts, United States

SaaS, Global Insurance Software Provider to the P&C, life, health and specialty markets.

Information TechnologyInsuranceInsurTechSaaSSoftware
Series UnknownJan 27, 2022
Amount Raised: $50,000,000