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University Growth Fund

North America, Utah, United States, Salt Lake City

Description

The University Growth Fund (UGF), formerly known as the University Venture Fund, stands as the largest student-managed venture capital fund in the United States, based in Salt Lake City, Utah. This unique model provides students with hands-on experience in venture capital, managing a significant pool of capital that was reportedly $18.2 million in assets under management. UGF's structure allows it to leverage the analytical capabilities and diverse perspectives of its student teams, offering a distinct value proposition to its portfolio companies beyond just financial investment. This operational approach fosters a dynamic environment where emerging talent contributes directly to the investment process, from sourcing to due diligence and portfolio support.

UGF primarily focuses its investments on early-stage technology companies, targeting opportunities within Seed, Series A, and Series B funding rounds. The fund seeks out startups that exhibit strong management teams, possess disruptive technologies, and operate within large, addressable market opportunities. Their sector-agnostic approach within technology allows them to explore a broad range of innovative ventures, from software and fintech to biotech and consumer tech. The student-led nature of the fund means that companies gain access to a pipeline of bright, motivated individuals who can assist with various strategic and operational challenges, providing a unique form of support often not found in traditional VC firms.

For initial investments, the University Growth Fund typically deploys capital ranging from $100,000 to $500,000. This range positions them to support promising startups in their critical early growth phases. Beyond the initial cheque, UGF also has the capacity to provide follow-on investments, potentially committing over $1 million throughout the lifecycle of a portfolio company. This flexible investment strategy, combined with their extensive network and the intellectual capital of their student associates, makes UGF a compelling partner for founders looking for more than just capital, but also strategic support and access to future talent.

Investor Profile

University Growth Fund has backed more than 21 startups, with 0 new investments in the last 12 months alone. The firm has led 3 rounds, about 14% of its total and boasts 11 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series A, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Chile.
  • Strong thematic focus on Biotechnology, Health Care, Software.
  • Typical check size: $100K – $500K.

Stage Focus

  • Series Unknown (33%)
  • Series A (29%)
  • Series C (14%)
  • Series D (10%)
  • Series B (5%)
  • Convertible Note (5%)
  • Seed (5%)

Country Focus

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

Industry Focus

  • Biotechnology
  • Health Care
  • Software
  • Saas
  • Therapeutics
  • Genetics
  • Health Diagnostics
  • Enterprise Software
  • Medical Device
  • Energy
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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 University Growth Fund frequently co-invest with?

Sanderling Ventures
North America, California, United States, San Mateo
Co-Investments: 2
Utah Angels
North America, Utah, United States, Alpine
Co-Investments: 1
Frazier Healthcare Partners
North America, Washington, United States, Seattle
Co-Investments: 2
MV
North America, California, United States, San Diego
Co-Investments: 2
PrairieGold Venture Partners
North America, South Dakota, United States, Sioux Falls
Co-Investments: 2
vSpring Capital
North America, Utah, United States, Salt Lake City
Co-Investments: 2
AC
North America, New York, United States, Buffalo
Co-Investments: 2
Delphi Ventures
North America, California, United States, San Mateo
Co-Investments: 2
Signal Peak Ventures
North America, Utah, United States, Salt Lake City
Co-Investments: 2
Kickstart
North America, Utah, United States, Salt Lake City
Co-Investments: 4

Which angels does University Growth Fund often collaborate with?

JJ
North America, Utah, United States, Provo
Shared Deals: 2
SC
North America, Utah, United States, Lehi
Shared Deals: 1

What are some of recent deals done by University Growth Fund?

Carputty

Atlanta, Georgia, United States

Carputty is a consumer automotive startup that provides car loan services to its clients.

AutomotiveConsumerFinancial ServicesFinTech
Series UnknownMar 6, 2024
Amount Raised: $5,000,000
BeeReaders

Austin, Texas, United States

Edtech company delivering digital solutions for PreK-12 Spanish literacy improvement

EdTechEducationLanguage Learning
SeedApr 18, 2023
Amount Raised: $3,500,000
Algramo

Santiago, Region Metropolitana, Chile

Algramo aims to establish a wholesale relationship with manufacturers of consumer products such as detergents.

LogisticsRetail TechnologySupply Chain Management
Series AMay 13, 2021
Amount Raised: $9,100,000
Vutility

Sandy, Utah, United States

Vutility gathers and provides real-time information on utility usage.

EnergyEnergy EfficiencyFinanceNatural ResourcesRenewable EnergySmart Cities
Series AApr 28, 2020
Amount Raised: $11,750,000
Recyclops

Salt Lake City, Utah, United States

Recyclops is a startup technology company that innovates customer-centric and sustainability solutions.

Enterprise Resource Planning (ERP)Environmental EngineeringRecycling
Convertible NoteJan 1, 2019
Amount Raised: $250,000
GoReact

Orem, Utah, United States

GoReact provides software for video-based skill assessment.

EdTechSaaSSoftwareVideo
Series UnknownDec 21, 2018
Amount Raised: $4,000,000
Lineagen

Salt Lake City, Utah, United States

Lineagen provides genetic evaluation services in autism, developmental delay, and other genetic disorders.

BiotechnologyGeneticsHealth CareHealth Diagnostics
Series CJan 26, 2015
Amount Raised: $12,170,000
Lineagen

Salt Lake City, Utah, United States

Lineagen provides genetic evaluation services in autism, developmental delay, and other genetic disorders.

BiotechnologyGeneticsHealth CareHealth Diagnostics
Series CDec 18, 2013
Amount Raised: $3,500,000
Workfront

Lehi, Utah, United States

Workfront providers cloud-based enterprise work management solutions for enterprise teams.

Enterprise SoftwareInformation TechnologyMarketingProfessional ServicesProject ManagementSaaSSoftware
Series COct 31, 2012
Amount Raised: $17,000,000
Catheter Connections

Salt Lake City, Utah, United States

Catheter Connections develops vascular access products to protect patients from acquiring infections during intravenous infusion therapy.

BiotechnologyHealth CarePharmaceuticalTherapeutics
Series UnknownAug 8, 2011
Amount Raised: $5,286,046