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2 Utah based venture-capital firms put millions into funds

May 20, 2008 /

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Two venture-capital firms supported by some of the "who’s who" in Utah business have announced new funds with hundreds of millions of dollars available to Utah businesses.

Salt Lake-based Peterson Partners http://www.petersonpartnerslp.com/ said this month that it has created Peterson Partners V, a fund of $120 million for small- to medium-size businesses with at least $10 million in annual revenue. Lindon-based Canopy Ventures http://www.canopy.com/ said Monday that it has formed $100-million Canopy Ventures II for start-up information technology and life-science technology companies.

If selected to receive money from either of the funds, companies will also get management and marketing assistance for expansion.

By Laura Hancock
Deseret News

Full Story: http://deseretnews.com/dn/view/0,5143,700227404,00.html

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