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EPIC Ventures Reports Portfolio SuccessSALT LAKE CITY, April 13, 2017 /PRNewswire/ -- EPIC Ventures, a premier venture firm with a track record for launching exceptional technology firms, today reported continued success across its portfolio, including the sale of NetDocuments to Clearlake Capital. The firm has recorded more than three major exits every year from its portfolio for the past 11 years. "EPIC entrepreneurs and executive teams are committed to success. We applaud the work of the team and co-investors in NetDocuments and expect to see them continue to grow and lead the document management sector," said Nick Efstratis, managing director at EPIC Ventures. In addition to the acquisition of NetDocuments, recent highlights include two portfolio companies entering the public markets and another portfolio company being acquired. These four exits totaled approximately $1.2 billion in value, and EPIC provided initial institutional capital in three of the four companies. IPOs
M&AExits
"We're pleased to extend our strong track record of investing in category-defining technology companies, which have created thousands of jobs for Utah's economy and beyond," said Kent Madsen, managing director at EPIC Ventures. "We strongly believe in being partners with exceptional entrepreneurs in underserved markets to help them build lasting businesses." EPIC's highly successful investment strategy of investing in early-stage software companies that are based in underserved markets includes additional selected exits, such as Ancestry.com (UT), exit via IPO; Mozy (UT), acquired by EMC; SolutionReach (UT), acquired by Summit Partners; LeftHand Networks (CO), acquired by HP; and Lumidigm (NM), acquired by HID. The firm's current portfolio includes such industry leading companies as InsideSales.com (UT), which has raised over $250 million, including strategic investment from Microsoft and Salesforce.com; Health Catalyst (UT), which has raised over $200 million; Iovation (OR), Signal.co (IL) and AppDetex (ID). About EPIC Ventures EPIC Ventures is a premier venture capital firm focused on emerging startup ecosystems. EPIC backs early stage technology companies selling to the C-Suite (CIO, CTO, CFO, CISO, etc) and platform investments disrupting industry incumbents. EPIC helps to create companies, not just fund them. For more information, please visit www.EPICvc.com. Press Contact
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/epic-ventures-reports-portfolio-success-300439082.html SOURCE EPIC Ventures |