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Kickstart Seed Fund closes fourth fund at USD74m

Kickstart Seed Fund has closed Fund IV (K4) at USD74 million, which represents a substantial growth in capital over all its predecessor funds.

The large increase in the fund size compared to the previous fund (USD39m) was driven by the addition of several institutional investors, as well as notable Utah entrepreneurs, Aaron Skonnard of Pluralsight, Jeremy Andrus of Traeger Grills, Ryan Smith of Qualtrics, among others.
 
K4 continues Kickstart’s primary objective: to make meaningful seed- and early-stage investments in startups and elite entrepreneurs based in the Mountain West.
 
“Our fourth fund is an important milestone for Kickstart, and is proof that Utah’s tech ecosystem is headed toward bigger things,” says Gavin Christensen, managing partner at Kickstart Seed Fund. “As the first seed fund to launch in Utah, I am proud that Kickstart has become a trusted partner for entrepreneurs, institutional investors, venture capitalists, and talented professionals looking to join startups.”
 
Since the firm’s inception in 2008, Kickstart Seed Fund has managed USD148 million of capital commitments, investing in more than 100 companies. The fund is recognised as the most active seed investor in Utah.
 
“Entrepreneurs in Utah are fortunate to have access to a fund like Kickstart,” says Andrus. “They not only have the ability to attract and scale seed-stage venture companies, but the firm has also become a platform for knowledge, relationships, and community.”
 
In addition to the close of K4, Kickstart also announced the promotion of Alex Soffe and Curt Roberts to administrative partner and partner respectively, joining current partners Gavin Christensen and Dalton Wright. Roberts’ background, paired with the success of investments such as Cotopaxi, Chatbooks and Stance, will allow Kickstart to continue exploring promising scalable consumer businesses and backing great tech founders in Utah and surrounding states.
 
“Startup life is too hard to not work with great people, and Kickstart is made up of the best kind of people who understand business and know startups,” says Nate Quigley, CEO of Chatbooks. “We know that Kickstart is with us for the full journey – they are understanding and give constructive help during the tough times, and they’re awesome to celebrate with during the high times.”

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