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The Full List of 10 Unicorn Startups in Utah (2026)

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Utah's technology sector is home to 10 unicorn companies. These businesses operate from property management to financial technology.

The group's highest valuation belongs to property management software company Entrata at $4B. Other companies like legal tech platform Filevine and customer communication tool Podium are each valued at $3B.

Below is the full list of 10 Utah unicorn startups at this time.

Top 10 Most Valuable Utah Unicorns

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Entrata created an all-in-one operating system for property managers in the multifamily housing sector. The platform streamlines core tasks like leasing, resident payments, and accounting into a single, unified experience.

Valuation$4B
Year Founded2003
FoundersDave Bateman, Johnny Hanna
Funding Amount$707M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusPrivate Equity
Top InvestorsDragoneer Investment Group, Jaws Ventures, Blackstone Group, Element Ventures, Silver Lake

Filevine builds a legal operating platform designed to help law firms manage everything from case files and documents to client intake. They integrate AI into their software to help legal teams automate tasks and streamline case management from start to finish.

Valuation$3B (Joined September 2025)
Year Founded2014
FoundersJim Blake, Nathan Morris, Ryan Anderson
Funding Amount$636.1M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries E
Top InvestorsAccel, Golub Capital, StepStone Group, Halo Experience Company, Insight Partners

Podium built a customer interaction platform that helps local businesses manage all their communications. Their software consolidates everything from online reviews and webchats to text marketing and payments into a single dashboard.

Valuation$3B (Joined April 2020)
Year Founded2014
FoundersDennis Steele, Eric Rea
Funding Amount$422.7M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusVenture Round
Top InvestorsSorenson Capital, Y Combinator, Sapphire Ventures, IVP, Accel

Lucid Software builds a visual collaboration suite that helps teams turn ideas into reality. Their popular Lucidchart application allows users to create intelligent diagrams for everything from flowcharts to complex cloud architecture.

Valuation$3B (Joined June 2021)
Year Founded2010
FoundersBen Dilts, Karl Sun
Funding Amount$670.4M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries E
Top InvestorsPeterson Ventures, ICONIQ Growth, Tiger Global Management, 500 Global, Spectrum Equity

iFIT operates a global fitness platform that provides interactive personal training through a subscription service. Its technology is known for allowing trainers to remotely control a user's compatible equipment, automatically adjusting settings like speed and incline during a workout.

Valuation$3B
Year Founded1977
FoundersGary Stevenson, Scott Watterson
Funding Amount$580M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusPrivate Equity
Top InvestorsPlanet Fitness, Pamplona Capital Management, L Catterton, Scott Watterson

MX Technologies builds a financial data platform that connects banks, credit unions, and fintech companies with their customers' financial information. Their tools help organizations aggregate and enhance data, allowing them to create more automated and personalized money experiences.

Valuation$2B
Year Founded2010
FoundersBrandon Dewitt, Ryan Caldwell
Funding Amount$450M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries C
Top InvestorsBattery Ventures, Industry Ventures, Canapi Ventures, TPG, TTV Capital

TaxBit builds tax and accounting software that automates the complexities of digital assets for individuals, enterprises, and governments. Built by CPAs and tax attorneys, their platform is trusted by leading crypto exchanges, enterprises, and government agencies to navigate digital asset compliance.

Valuation$1.5B (Joined August 2021)
Year Founded2018
FoundersAustin Woodward, Bobby Clayson, Brandon Woodward, Justin Woodward
Funding Amount$253.4M
Company SizeMid-Size Team (51-250)
Last Funding StatusVenture Round
Top InvestorsTribe Capital, Insight Partners, Paradigm, Sapphire Ventures, IVP

Route develops a post-purchase platform for e-commerce brands that combines package tracking with delivery protection against theft, loss, or damage. Their software helps merchants build customer loyalty and encourage repeat purchases by creating a more transparent and engaging delivery experience.

Valuation$1.4B (Joined January 2022)
Year Founded2018
FoundersMike Moreno
Funding Amount$288.5M
Company SizeMid-Size Team (51-250)
Last Funding StatusSeries C
Top InvestorsAlbum VC, Craft Ventures, Riot Ventures, Goldcrest Capital, Madrona

MasterControl builds quality and manufacturing software for companies in the life sciences. Their solutions are designed to help these organizations streamline the process of commercializing new products.

Valuation$1.3B (Joined December 2022)
Year Founded1993
FoundersJonathan Beckstrand
Funding Amount$150M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries A
Top InvestorsSixth Street

Awardco builds a software platform for employee recognition and rewards. Their technology enables companies to celebrate milestones and offer personalized incentives to their teams.

Valuation$1B (Joined May 2025)
Year Founded2011
FoundersMike Sonnenberg, Steven J Sonnenberg, Tanner Runia
Funding Amount$235M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries B
Top InvestorsSixth Street, General Catalyst, Spectrum Equity, Ryan Smith

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