Utah's Kickstart Seed Fund has closed a new $230 million fund, more than double the value of its last fund in 2020 and the largest to date for one of the state's most well-established and active venture capital firms.
The oversubscribed fund pushes Kickstart's assets under management to nearly $500 million and will be a boon to startups in the Mountain West, where new business launches have ballooned in the last several years.
Rebecca Trusty, community and content associate, and Brianna Bowles, director of operations, right to left, work at Kickstart Fund in Cottonwood Heights on March 13. Christensen said the startup ecosystem is in the midst of a transformative wave right now, driven in large part by emerging artificial intelligence tools and companies looking for the best ways to put the new tools to work.
"We really care about what happens in Utah," Christensen said. "Housing, air quality, education, our water situation and what's happening with the Great Salt Lake. These things are all a big deal for us.
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