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§ Venture Capital · Salt Lake City, UT, USA
an early-stage venture capital firm investing in technology companies, partnering with entrepreneurs. Focuses on healthcare, software, AI.
Key people at EPIC Ventures.
EPIC Ventures is an early-stage venture capital firm based in Salt Lake City, Utah, that invests in technology startups across the healthcare, software, and artificial intelligence sectors, backing recognizable companies like Ancestry, Health Catalyst, PillPack, and Instructure. Founded in 1994, the organization operates with 51 to 100 employees, generating approximately $8.8 million in annual revenue with an estimated enterprise valuation of $28.2 million. In August 2025, the firm secured $200 million in fresh capital to expand its investment activities and provide operational support to founders and C-suite teams. The firm is led by Chief Executive Officer Darin Phillips alongside Managing Directors Kent Madsen and Nick Efstratis. Through strategic partnerships with entrepreneurs, the firm has achieved more than 35 profitable exits and 14 total initial public offerings, including four IPOs in a recent four-year span.
EPIC Ventures is an early-stage venture capital firm headquartered in Salt Lake City, Utah, focused on investing in software and Internet infrastructure companies. Their mission is to back entrepreneurs and companies positioned to lead the future information economy by providing not only capital but also operational and strategic support. EPIC Ventures emphasizes partnering with founders who demonstrate strong people skills, compelling products, and passion, aiming to generate successful exits through M&A or IPOs. The firm primarily invests in the Mountain and Western states but also targets opportunities in the Northeast and Northwest U.S. corridors. Their active involvement includes seeking board representation to guide portfolio companies toward growth and success[1][2][4].
Founded in 1994 originally by Zions Bank, EPIC Ventures has evolved into a premier venture firm with a strong operational and financial partnership network. Key partners include co-founders Jack Boren, Kent Madsen, and Nick Efstratis, who bring extensive experience in both private and public boards. Over time, EPIC Ventures has expanded its focus while maintaining a core emphasis on early-stage investments in software and internet infrastructure. Their evolution includes managing multiple funds and leveraging strategic partnerships with industry leaders and institutional investors to create value for their portfolio and limited partners[1][4].
EPIC Ventures rides the trend of digital transformation and the growing importance of software and internet infrastructure in the global economy. The timing aligns with increasing demand for innovative tech solutions and infrastructure to support data-driven businesses. Their geographic focus on the Mountain West and Western U.S. taps into emerging tech hubs outside traditional coastal centers, fostering regional innovation. By actively supporting early-stage companies, EPIC Ventures helps shape the startup ecosystem, driving growth and technological advancement in these regions[1][3][4].
Looking ahead, EPIC Ventures is positioned to continue leveraging its deep operational expertise and network to capitalize on emerging technology trends such as AI, cloud infrastructure, and data observability platforms. Their recent fund activity and partnerships with institutions like the University of Utah suggest a commitment to regional innovation and scaling startups with high growth potential. As the tech landscape evolves, EPIC Ventures’ influence is likely to expand, reinforcing its role as a key player in nurturing the next generation of software and infrastructure companies[1][5].
Key people at EPIC Ventures.
EPIC Ventures has more than 26 tracked investments across 22 companies. The latest tracked deal is $37.0M Series B in Posh Events in March 2026.
