Prelude Fund

Prelude Fund is a Salt Lake City-based venture capital firm primarily focused on early-stage technology companies across the United States. Established with a mission to support innovative startups, the firm typically targets Seed and Series A rounds, demonstrating a strong preference for B2B SaaS, fintech, healthcare technology, and AI sectors. While deeply rooted in the vibrant Utah tech ecosystem, Prelude Fund extends its investment reach nationally, identifying promising ventures with high growth potential.

The firm distinguishes itself through a highly collaborative and hands-on investment approach. Beyond capital infusion, Prelude Fund partners actively with its portfolio companies, offering strategic guidance, operational expertise, and access to a robust network of industry leaders and potential customers. This philosophy is rooted in building long-term relationships, empowering founders to navigate challenges, scale operations, and achieve significant milestones. They seek out entrepreneurs with profound domain knowledge and a clear vision for market disruption.

Prelude Fund's investment strategy typically involves initial checks ranging from $1 million to $5 million, though they have the capacity to participate in larger follow-on rounds as companies mature. Their portfolio showcases a track record of backing successful enterprises that have gone on to achieve significant valuations or exits. Notable past investments include Utah tech giants like Divvy (acquired by Bill.com for $2.5 billion), Podium, and Weave, as well as biotech innovator Recursion Pharmaceuticals. These examples underscore Prelude Fund's ability to identify and nurture companies that become leaders in their respective fields, contributing substantially to the innovation economy.