
University Growth Fund
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
Frequently Asked Questions
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