Venture Capital

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EPIC Ventures

EPIC Ventures deploys seed and early-stage capital through a distributed operator network across SaaS, fintech, healthcare, and cybersecurity.

EPIC Ventures logo

EPIC Ventures

EPIC Ventures is a Salt Lake City-based investment firm established in 1994. It focuses on early-stage investments in US software and internet infrastructure companies.

General information

Firm type

Venture Capital

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Salt Lake City

Corporate office

Salt Lake City, UT, United States

Principals

Nick Efstratis

Co-founder & Managing Partner

Jack Boren

Managing Partner

Kent Madsen

Founding Managing Partner Emeritus & Venture Partner

Sector focus

Enterprise SoftwareFinTechHealthcareCybersecurityEdTechAI/MLConstruction TechEcommerceSpaceTechClimateTech

Frequently asked questions

How does EPIC Ventures source its deals?

EPIC relies on a broad network of venture partners and sector-specific advisors who bring deal flow from their respective industries. The firm lists more than ten venture partners with deep operating experience in SaaS, fintech, healthcare, and cybersecurity. These relationships create a distributed origination model that is particularly concentrated in the Intermountain West technology corridor.

What is EPIC Ventures' relationship to the Utah technology ecosystem?

EPIC is headquartered in Salt Lake City and its advisor roster draws heavily from the local technology community, including operators from MX Technologies, Galileo, Intermountain Healthcare, and the University of Utah Health system. The firm positions itself as a bridge between early-stage companies in the region and national co-investors who may lack direct access to Utah's deal flow.

Who makes investment decisions at EPIC Ventures?

The firm's website identifies Nick Efstratis as Co-founder & Managing Partner and Jack Boren as Managing Partner. Founding Managing Partner Emeritus Kent Madsen remains involved as a Venture Partner. The firm does not publish details on its investment committee structure or decision-making process, but the venture partner-heavy model suggests a consensus-oriented approach with sector specialists driving conviction.

Does EPIC Ventures invest only in Utah-based companies?

While EPIC is firmly rooted in the Intermountain West, the firm's website does not limit its investment geography to Utah. Its national advisor network—including operators from Silicon Valley, Boston, and other technology hubs—indicates the firm evaluates opportunities beyond its home market, though Utah and neighboring states remain the core focus.

What investment stages does EPIC Ventures target?

EPIC focuses on early-stage technology companies, with emphasis on seed and Series A rounds, and the capacity to participate in follow-on expansion and late-stage financings. The firm does not publish specific check sizes or reserve strategies.

Which sectors does EPIC Ventures explicitly avoid?

EPIC does not publish a list of excluded sectors. However, its advisor roster is concentrated in enterprise SaaS, fintech, healthcare, cybersecurity, and edtech. Conspicuously absent from the network are specialists in consumer internet, hardware, hardtech manufacturing, and life sciences, suggesting a strategy bounded to enterprise and infrastructure software.

How is EPIC Ventures structured compared to a traditional venture firm?

EPIC operates with a lean general partnership and a large, distributed bench of venture partners and advisors—over ten are listed on the firm's site. This structure functions as a variable-cost origination engine: sector specialists bring deal flow to the partnership without necessarily holding full-time roles. It is a model built for network-driven sourcing rather than centralized investment committee oversight.

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