The Full List of 10 Unicorn Startups in Utah (2026)
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
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 Founded | 2003 |
| Founders | Dave Bateman, Johnny Hanna |
| Funding Amount | $707M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Dragoneer 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 Founded | 2014 |
| Founders | Jim Blake, Nathan Morris, Ryan Anderson |
| Funding Amount | $636.1M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Accel, 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 Founded | 2014 |
| Founders | Dennis Steele, Eric Rea |
| Funding Amount | $422.7M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Sorenson 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 Founded | 2010 |
| Founders | Ben Dilts, Karl Sun |
| Funding Amount | $670.4M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Peterson 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 Founded | 1977 |
| Founders | Gary Stevenson, Scott Watterson |
| Funding Amount | $580M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Planet 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 Founded | 2010 |
| Founders | Brandon Dewitt, Ryan Caldwell |
| Funding Amount | $450M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Battery 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 Founded | 2018 |
| Founders | Austin Woodward, Bobby Clayson, Brandon Woodward, Justin Woodward |
| Funding Amount | $253.4M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Tribe 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 Founded | 2018 |
| Founders | Mike Moreno |
| Funding Amount | $288.5M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Album 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 Founded | 1993 |
| Founders | Jonathan Beckstrand |
| Funding Amount | $150M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series A |
| Top Investors | Sixth 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 Founded | 2011 |
| Founders | Mike Sonnenberg, Steven J Sonnenberg, Tanner Runia |
| Funding Amount | $235M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | Sixth Street, General Catalyst, Spectrum Equity, Ryan Smith |
