Peterson Ventures Launches $65M Fund To Invest in Early Stage Consumer and SaaS Startups

Peterson Ventures

Peterson Ventures, a Salt Lake City, UT-based founder-first seed stage venture firm, raisedĀ $65MĀ in capital for its Fund III.

Peterson Ventures Fund III will investĀ $250k-$1MĀ in Seed and Pre-seed stage Consumer and SaaS companies. The firm intends to make approximately 30 investments over the next three years.

Headquartered inĀ UtahĀ with an office in the Bay Area, Peterson Ventures is part of the Peterson Partners platform, an independent investment manager with overĀ $900MĀ assets under management to invest across a variety of alternative asset classes.

With the launch of their third fund, Peterson Ventures hasĀ $155MĀ in assets under management. The firm, which has invested in top Consumer and SaaS startups ranging from AllBirds, Ethos, and Bonobos to Lucid Software and HireVue, evaluates investments based on a few key themes. In SaaS, the firm pursues a vertical strategy, with investments across healthcare, future of work and commerce infrastructure. In Consumer, the firm looks for entrepreneurs who are disrupting distribution, bypassing the middleman to get more direct access to customers and to provide higher quality products at better value to the end consumer. Their DTC investments focus on historically low NPS industries and experiences spanning retail, healthcare and financial services.Ā 

The team is led by Ben Capell, Managing Director, Clint Peterson, Managing Partner, and Ilana Stern, Partner, among others.

FinSMEs

24/09/2020

Join the discussion