Signal Peak Ventures, a Salt Lake City, UT-based a new venture capital firm, formed a fund focused on early-stage investment opportunities in the Intermountain region.
The vehicle is backed by a syndicate of limited partners led by StepStone Group, an independent firm focused on providing private equity asset management and advisory services.
Simultaneously with its formation, Signal Peak acquired substantially all of the venture capital assets of Lindon, Utah-based Canopy Group consisting of venture equity and debt interests in 10 companies.
Established in 2011, the firm will be led by Ron Heinz and Brandon Tidwell—both formerly Managing Directors at Canopy.
FinSMEs
28/08/2011