Salt Lake City, Utah-based venture capital firm Kickstart Seed Fund closed its Fund IV, at $74M.
Several institutional investors, as well as notable Utah entrepreneurs, Aaron Skonnard of Pluralsight, Jeremy Andrus of Traeger Grills, Ryan Smith of Qualtrics, among others, backed the fund, called K4.
The new vehicle will continue to make seed- and early-stage investments in startups and elite entrepreneurs based in the Mountain West.
Founded in 2008, Kickstart Seed Fund has managed $148M of capital commitments, investing in more than 100 companies.
In addition to the close of K4, the firm has promoted Alex Soffe and Curt Roberts to administrative partner and partner respectively, joining current partners Gavin Christensen and Dalton Wright.