Email Facebook Twitter LinkedIn Peterson Ventures has closed on a total of $140 million for its fourth fund as well as its first opportunity fund, which gives it the chance to continue investing in its best portfolio companies as they scale.
The firm, based in Salt Lake City and San Francisco, has a unique profile for its seed investment practice. Its focus is on Utah-based companies—a region where SaaS businesses predominate—and companies that come out of the Stanford Graduate School of Business, where firm founder Joel Peterson has been a consulting professor for more than 30 years.