Learn how to validate your startup idea by pre-selling it, for only $80 (includes a free 1-hour consultancy call).
Utah

27 Successful Startups in Utah

There are hundreds of fast-growing startups in Utah and we have compiled the 27 best ones in this blog article.

Ad

Startup Foundations

Gain traction with your startup right now. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

Have you ever wondered who is on the list of companies with the highest growth rates in Utah?

You’re not alone.

There are hundreds of companies founded there, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 27 fast-growing startups in Utah that have top-tier venture capital funding.


27 Startups in Utah

1) Spiff

1) Spiff

Spiff is a revenue and sales compensation software that automates complex commission processes and motivates salespeople.

Details of the startup:

  • Started in: 2017
  • Founders: Albert Candari, Casey Crouch, Jean-Philippe Maitre, Jeron Paul, Matt Stapleton, Mike Ries, Tanner Lacey, Travis Ashby
  • Industries: Financial Services, FinTech, Sales, Sales Automation, Software
  • Number of employees: 101-250
  • Funding amount: $62,000,000
  • Number of funding rounds: 4
  • Number of investors: 18

You can find their website here.

2) Podium

2) Podium

Podium is a customer communication tool for firms who deal with local customers.

Details of the startup:

  • Started in: 2014
  • Founders: Dennis Steele, Eric Rea
  • Industries: Consumer Reviews, Local Business, Messaging, Reputation, SaaS, Small and Medium Businesses, Software
  • Number of employees: 501-1000
  • Funding amount: $218,120,000
  • Number of funding rounds: 6
  • Number of investors: 10

You can find their website here.

3) Lucid

3) Lucid

Lucid is a visual collaboration tool that allows teams to envision and design the future from concept to completion.

Details of the startup:

  • Started in: 2010
  • Founders: Ben Dilts, Darrell Swain, Karl Sun
  • Industries: Collaboration, Enterprise Software, Information Technology, Internet, Mobile, Mobile Apps, SaaS, Software
  • Number of employees: 501-1000
  • Funding amount: $670,462,414
  • Number of funding rounds: 7
  • Number of investors: 19

You can find their website here.

4) Cotopaxi

4) Cotopaxi

Cotopaxi is an outdoor firm that creates outdoor products and experiences to help people get out of poverty.

Details of the startup:

  • Started in: 2014
  • Founders: Chad Whittaker, Davis Smith, Stephan Jacob
  • Industries: Consumer Goods, E-Commerce, Outdoors, Product Design, Retail
  • Number of employees: 51-100
  • Funding amount: $32,149,904
  • Number of funding rounds: 7
  • Number of investors: 20

You can find their website here.

5) BookClub

5) BookClub

BookClub is a virtual book club platform that connects readers and writers to discuss books in a new way.

Details of the startup:

  • Started in: 2020
  • Founders: Christine Murphy, David Blake, Emily Campbell, Eric Sharp
  • Industries: Collaboration, E-Learning, Education
  • Number of employees: 11-50
  • Funding amount: $26,000,000
  • Number of funding rounds: 2
  • Number of investors: 8

You can find their website here.

6) MX Technologies

6) MX Technologies

MX Technologies is a fintech firm that promises to automate people's money experiences by connecting them with their financial data.

Details of the startup:

  • Started in: 2010
  • Founders: Brandon Dewitt, Ryan Caldwell
  • Industries: Banking, Finance, Financial Services, FinTech
  • Number of employees: 501-1000
  • Funding amount: $450,000,000
  • Number of funding rounds: 4
  • Number of investors: 28

You can find their website here.

7) Nav

7) Nav

By delivering openness, predictability, and efficiency to B2B credit and finance, Nav bridges the gap between small businesses and financial institutions.

Details of the startup:

  • Started in: 2012
  • Founders: C. Vance Hanson, Caton Hanson, Levi King
  • Industries: Finance, Financial Services, FinTech
  • Number of employees: 101-250
  • Funding amount: $99,024,727
  • Number of funding rounds: 6
  • Number of investors: 22

You can find their website here.

8) Salty.

8) Salty.

Salty Dot, Inc. is a technological business that specializes in Embedded Insurance®.

Details of the startup:

  • Started in: 2019
  • Founders: James Hall, Mona Eliassen
  • Industries: Insurance, InsurTech, UX Design
  • Number of employees: 11-50
  • Funding amount: $34,661,854
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

9) Galileo Financial Technologies

9) Galileo Financial Technologies

Galileo is a payment processing solutions platform that offers AI fraud detection to its customers.

Details of the startup:

  • Started in: 2000
  • Founders: Clay Wilkes, Dave Wilkes
  • Industries: Banking, Financial Services, FinTech, IT Management
  • Number of employees: 101-250
  • Funding amount: $85,300,000
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

Ad

Startup Foundations

Gain traction with your startup right now. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

10) Canopy

10) Canopy

Canopy is a company that creates online tax process management software for tax professionals.

Details of the startup:

  • Started in: 2014
  • Founders: Kurt Avarell
  • Industries: Accounting, SaaS, Small and Medium Businesses, Software
  • Number of employees: 101-250
  • Funding amount: $101,547,069
  • Number of funding rounds: 8
  • Number of investors: 10

You can find their website here.

11) Owlet Baby Care

11) Owlet Baby Care

Owlet Baby Care sells a health monitor that lets parents see their child's vital signs in real time.

Details of the startup:

  • Started in: 2013
  • Founders: Jacob Colvin, Jordan Monroe, Zack Bomsta
  • Industries: Baby, Consumer Electronics, Health Care, Software
  • Number of employees: 101-250
  • Funding amount: $47,970,000
  • Number of funding rounds: 6
  • Number of investors: 28

You can find their website here.

12) HireVue

12) HireVue

With video interviews and AI-driven pre-hire assessments, HireVue's Hiring Intelligence Platform finds the best employees faster.

Details of the startup:

  • Started in: 2004
  • Founders: Chip Luman, Mark Newman
  • Industries: Artificial Intelligence, Corporate Training, Human Resources, Machine Learning, Recruiting, SaaS, Software, Video
  • Number of employees: 251-500
  • Funding amount: $93,000,000
  • Number of funding rounds: 6
  • Number of investors: 9

You can find their website here.

13) TaxBit

13) TaxBit

Best-in-class bitcoin tax software technology and accounting business that enables widespread adoption by automating taxes in real-time.

Details of the startup:

  • Started in: 2018
  • Founders: Austin Woodward, Bobby Clayson, Brandon Woodward, Justin Woodward
  • Industries: Cryptocurrency, FinTech
  • Number of employees: 51-100
  • Funding amount: $105,750,000
  • Number of funding rounds: 4
  • Number of investors: 17

You can find their website here.

14) Workfront

14) Workfront

Workfront provides enterprise teams with cloud-based enterprise work management solutions.

Details of the startup:

  • Started in: 2001
  • Founders: Abe Knell, Jason Fletcher, Scott Johnson
  • Industries: Enterprise Software, Information Technology, Marketing, Professional Services, Project Management, SaaS, Software
  • Number of employees: 501-1000
  • Funding amount: $375,000,000
  • Number of funding rounds: 5
  • Number of investors: 12

You can find their website here.

15) Breeze Airways

15) Breeze Airways

Breeze Airways is a new airline that is creating something truly unique for its passengers.

Details of the startup:

  • Started in: 2018
  • Founders: David Neeleman
  • Industries: Air Transportation, Customer Service
  • Number of employees: 101-250
  • Funding amount: $87,291,759
  • Number of funding rounds: 2

You can find their website here.

16) Weave

16) Weave

Weave integrates elements like messaging, phone call, fax, and reviews to make connecting with customers easier for businesses.

Details of the startup:

  • Started in: 2011
  • Founders: Brandon Rodman, Clint Berry, Jared Rodman
  • Industries: Health Care, Hospitality, Local Business, Medical, Small and Medium Businesses, Software, Unified Communications, VoIP
  • Number of employees: 501-1000
  • Funding amount: $168,000,000
  • Number of funding rounds: 8
  • Number of investors: 23

You can find their website here.

17) Pattern

17) Pattern

Pattern is the market leader in ecommerce acceleration, assisting brands in capturing the largest possible portion of the $6 trillion global online market.

Details of the startup:

  • Started in: 2013
  • Founders: David Wright, Melanie Alder
  • Industries: Artificial Intelligence, Digital Marketing, E-Commerce, Logistics, Marketplace, Retail Technology, Software
  • Number of employees: 501-1000
  • Funding amount: $52,000,000
  • Number of funding rounds: 1
  • Number of investors: 4

You can find their website here.

18) Finicity

18) Finicity

Finicity offers open banking services, as well as access to real-time financial data and analytics.

Details of the startup:

  • Started in: 1999
  • Founders: Nicholas Thomas, Steven Smith, Warren Rosner
  • Industries: Banking, Big Data, Cloud Data Services, Data Integration, Data Visualization, Financial Services, FinTech, Payments
  • Number of employees: 501-1000
  • Funding amount: $79,900,000
  • Number of funding rounds: 4
  • Number of investors: 2

You can find their website here.

19) Chargeback

19) Chargeback

Chargeback is a SaaS-based dispute management software that assists merchants in preventing and managing chargeback fraud.

Details of the startup:

  • Started in: 2011
  • Founders: Colin Kent, Danny Mitchell, Dave Wilkes, David Adams, John Munro, Khalid El-Awady, Nate Smith, Scott Stone, Yale Wong
  • Industries: Fraud Detection, Payments, SaaS, Software, Transaction Processing
  • Number of employees: 51-100
  • Funding amount: $15,043,940
  • Number of funding rounds: 6
  • Number of investors: 6

You can find their website here.

20) NetDocuments

20) NetDocuments

Businesses of all sizes may use NetDocuments to produce, secure, manage, access, and collaborate on documents and emails from anywhere at any time.

Details of the startup:

  • Started in: 1999
  • Founders: Ken Duncan
  • Industries: Cloud Data Services, Email, Enterprise Software, SaaS, Software
  • Number of employees: 251-500
  • Funding amount: $29,999,999
  • Number of funding rounds: 4
  • Number of investors: 4

You can find their website here.

21) XANT.ai

21) XANT.ai

XANT.ai develops software that helps sales teams establish a better funnel and close more deals, resulting in increased income.

Details of the startup:

  • Started in: 2004
  • Founders: Chris Harrington, David Elkington, Ken Krogue, Rob Christensen
  • Industries: Analytics, Artificial Intelligence, Big Data, Machine Learning, Marketing, Predictive Analytics, SaaS, Sales, Sales Automation, Software
  • Number of employees: 101-250
  • Funding amount: $251,200,024
  • Number of funding rounds: 6
  • Number of investors: 15

You can find their website here.

22) Filevine

22) Filevine

Modern, cloud-native SaaS solution that combines case management with intelligent communication to help businesses become more efficient than ever before.

Details of the startup:

  • Started in: 2014
  • Founders: Jim Blake, Nathan Morris, Ryan Anderson
  • Industries: Document Management, SaaS, Software
  • Number of employees: 101-250
  • Funding amount: $33,079,977
  • Number of funding rounds: 4
  • Number of investors: 3

You can find their website here.

23) SimpleNexus

23) SimpleNexus

SimpleNexus is a company that creates homeownership platforms that connect loan officers, borrowers, real estate brokers, and closing agents.

Details of the startup:

  • Started in: 2011
  • Founders: Ben Miller, Cathleen Schreiner Gates, Dave Stevenson, Matt Hansen
  • Industries: Apps, Financial Services, FinTech
  • Number of employees: 101-250
  • Funding amount: $128,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

24) Lendio

24) Lendio

Lendio is a website that assists small company owners in finding lenders and obtaining loans.

Details of the startup:

  • Started in: 2011
  • Founders: Brett Child, Brock Blake, Levi King, Trent Miskin
  • Industries: Finance, Financial Services, FinTech, Franchise, Lending
  • Number of employees: 251-500
  • Funding amount: $108,500,000
  • Number of funding rounds: 7
  • Number of investors: 15

You can find their website here.

25) Neighbor

25) Neighbor

Neighbor is a peer-to-peer marketplace that specializes in public storage, economic empowerment, sharing economy, and peer-to-peer marketplace.

Details of the startup:

  • Started in: 2017
  • Founders: Colton Gardner, Joseph Woodbury, Preston Alder
  • Industries: Information Technology, Internet, Logistics, Marketplace, Peer to Peer, Real Estate, Rental, Sharing Economy
  • Number of employees: 11-50
  • Funding amount: $65,700,000
  • Number of funding rounds: 3
  • Number of investors: 11

You can find their website here.

26) Sarcos Robotics

26) Sarcos Robotics

Sarcos is a robotics firm that creates wearable and teleoperated industrial robotics to improve user safety and efficiency.

Details of the startup:

  • Started in: 1983
  • Founders: Ben Wolff, Stephen Jacobsen
  • Industries: Aerospace, Industrial Automation, Robotics, Wearables
  • Number of employees: 101-250
  • Funding amount: $96,125,000
  • Number of funding rounds: 4
  • Number of investors: 12

You can find their website here.

27) Homie

27) Homie

Homie is the way to buy and sell houses in the future. Customers save tens of thousands of dollars because we aren't interested in commissions. #wegotyourback

Details of the startup:

  • Started in: 2014
  • Founders: Dan Might, Johnny Hanna, Matt Thorne, Mike Peregrina, Mike Trionfo
  • Industries: Commercial Real Estate, E-Commerce, Finance, Marketplace, Real Estate
  • Number of employees: 11-50
  • Funding amount: $33,709,621
  • Number of funding rounds: 6
  • Number of investors: 7

You can find their website here.

The All-In-One Newsletter for Startup Founders

Every week, I’ll send you Failory’s latest interviews and articles, curated resources for founders, and updates on how I’m growing the site to $10k/mo. Join +7,000 other startup founders!