In April, UVF made its 19th investment in a hot learning management software start up called Instructure. Founded in 2008 by two Computer Science graduate students, Instructure set out to disrupt the complex legacy learning management system industry by creating Canvas - a simple, yet powerful software system that sets a new standard for open technology in education. Headed by Josh Coates, the founder of Mozy, the company is going up against some dominate, but aging competitors.
UVF is pleased to announce their latest investment in Veritract, a new medical device company spun out of the University of Utah. Veritract was founded by Dr. John Fang, a GI specialist at University of Utah Department of Internal Medicine and is staffed by an experienced team of medical device professionals. The company and its staff are committed to development of feeding tubes with integrated optics and steering, which will allow for precision tube placement into the GI tract, thus avoiding death and serious complications.
April was a busy month with multiple new investments, including Catheter Connections. Catheter Connections has developed an innovative, patent-pending product, DualCap™, which safely disinfects all infusion access points — a major breakthrough for infection control. Designed by infusion nurses, DualCap can reduce the human variability associated with IV care and provides healthcare facilities with an easy to use, cost-effective technology that can help in the fight against catheter related blood stream infections.
The 7th Annual University Private Equity Summit was a huge success this year with over 250 attendees from across the nation. The event took place at the University of Utah Rice Eccles Stadium January 28-30. This year, UPES student attendees heard from several speakers including Geoff Woolley, co-founder of Huntsman Gay Capital Impact, Professor Karl Ulrich, of the Wharton School of Business, and Alan Hall, co-founder of Mercato Partners.
"If this were around when I was in school, I'd probably still be in school."
- Warren Buffett
The University Venture Fund offers the opportunity to work alongside premier venture capital firms and entrepreneurs across the nation as students perform detailed due diligence and deploy capital into emerging technologies and growing businesses.