Business

Speaking on Business: Peak Ventures

Peak Ventures is a venture capital firm that invests in Seed and Series A rounds in early-stage technology companies.

Chris Redgrave Mar 22, 2019


This is Chris Redgrave for Zions Bank Speaking on Business.

The hottest industry in the state of Utah today is the tech sector, which is growing at almost twice the rate of other industries. A recent report from the Kem C. Gardner Policy Institute stated that 1 in 7 Utah jobs are supported by the technology and innovation sector. So, it made sense for Sid Krommenhoek and his partners John Mayfield and Diogo Myrrha to create and launch Peak Ventures four years ago to support tech growth in the state.

Prior to launching Peak Ventures, Sid and his partners were building tech companies locally, with their roots in Utah. They feel fortunate to be backing Utah’s innovators in early stages who are contributing to the state’s thriving tech sector with Peak Ventures, now with a team of 5, including 3 investors and an analyst.

Peak Ventures is a venture capital firm that invests in Seed and Series A rounds in early-stage technology companies. The company is now investing from their second fund of $56 million. One of their key investment success companies is Podium, a customer interaction platform, which grew from two founders working in a spare bedroom to over 400 employees working in a beautiful building off I-15 in Lehi. They’ve supported many other companies locally like Cake, Homie, ObservePoint, Owlet, Zipbooks and ClientSuccess.

Find them online at www.peakventures.vc.

For Zions Bank, I’m Chris Redgrave, speaking on business.

Peak Ventures
4956 N 300 W, Ste 300
Provo, UT 84604
801-616-2715

Share This Article With Your Community