About EPIC Ventures
EPIC Ventures is a venture capital firm founded in 1994. It is primarily based out of Salt Lake City, United States. As of Aug 2024, EPIC Ventures is an active investor, having invested in 135 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it led the $18M Series B round of Headlight along with Matrix.
Overall, EPIC Ventures portfolio has seen 1 unicorn, 6 IPOs and 46 acquisitions including key companies like Recursion, Instructure and Genpact. A lot of funds co-invest with EPIC Ventures, with names like Tomorrow Ventures sharing a substantial percentage of its portfolio.
EPIC Ventures has team of 37 people including 8 partners.
Key Metrics
Team Members
Tim Draper, &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed &
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
EPIC Ventures' List of Top Investments
EPIC Ventures has a portfolio of 135 companies, one of which is a Unicorn. Their most notable investments are in ShardSecure and SyncHR.Their portfolio spans across United States, India, ArgentinaÌýand 4 more locations. They have invested in Enterprise Applications, High Tech, Enterprise InfrastructureÌýand 30 other sectors, across stages such as Series A, Seed Ìýand 4 more. Here is the list of top investments by EPIC Ventures:1. Recursion
AI-enabled drug discovery and development platform for novel therapeutics. It leverages biological and chemical datasets with machine learning models to identify targets and design molecules. The platform integrates automated labs, robotics, computer vision, and a supercomputer to generate data and train models for drug discovery and development. It focuses on identifying potential treatments for conditions with unmet needs, including cancers and rare diseases. The platform aims to accelerate the discovery of new medicines through partnerships and data analysis.
Key facts about Recursion
- Founded Year: 2013
- Location: United States
- Annual Revenue: $58.8M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $461M
- Employee Count: 515 as on Jan 31, 2024
- Investors: HTIF, Casdin Capital and 48 Others
- Latest Funding Round: Seed, Feb 29, 2024, $6M
- Highlight: Public
2. Instructure
Instructure offers Canvas, an enterprise-level, cloud-native software platform that teachers and students use to manage learning experience for in-person and online courses, including posting and submitting assignments, private and group communication, and integrating with educational apps and social media channels. It integrates drag-and-drop file uploaders, HTML5 video, automatic speech-to-text conversion applications, web tools, and social media platforms like Google Docs and Facebook. The company launched Canvas Network, which allows users to make their courses open to the public and experiment with various class sizes and teaching styles.
Key facts about Instructure
- Founded Year: 1999
- Location: Salt Lake City (United States)
- Annual Revenue: $530M as on Dec 31, 2023
- Stage: Acquired
- Total Funding till date: $105M
- Employee Count: 1,397 as on Dec 31, 2019
- Investors: CPP Investments, Bessemer Venture Partners and 10 Others
- Latest Funding Round: Post IPO, Nov 17, 2021, $40M
- Highlight: Acquired
3. Genpact
Provider of end-to-end business process outsourcing services. Its offerings include analytics, application development, business consulting, automation, and cloud services for banking & insurance, capital markets, consumer goods and retail, life sciences, infrastructure, manufacturing, and healthcare sectors.
Key facts about Genpact
- Founded Year: 1997
- Location: New York City (United States)
- Annual Revenue: $907M as on Dec 31, 2024
- Stage: Public
- Employee Count: 129,140 as on Dec 31, 2023
- Investors: Oak Hill, Nalanda Capital and 3 Others
- Latest Funding Round: Series A, 2004
- Highlight: Public
4. HealthJoy
HealthJoy is a web and mobile-based telemedicine platform which allows users to get an online consultation with a doctor over chat. They also take care of users' insurance to provide discounts on prescriptions. Provides its service through employer only.
Key facts about HealthJoy
- Founded Year: 2014
- Location: Chicago (United States)
- Stage: Series D
- Total Funding till date: $113M
- Employee Count: 141 as on Dec 31, 2022
- Investors: Endeavour Vision, USVP and 19 Others
- Latest Funding Round: Series D, Oct 27, 2022, $60M
- Highlight: Editors' Pick
5. Events.com
Coud based event management platform. The platform provides a suite of applications for managing all aspects of events, including sponsorships, inventory, proposals, agreements, and guest management. It includes a marketing module that allows users to design and launch promotional campaigns focusing on audience.
Key facts about Events.com
- Founded Year: 2009
- Location: San Diego (United States)
- Stage: Series B
- Total Funding till date: $84.5M
- Employee Count: 58 as on Dec 31, 2023
- Investors: EPIC Ventures, Raptor Group and 17 Others
- Latest Funding Round: Conventional Debt, May 31, 2023
- Highlight: Editors' Pick
EPIC Ventures' Year-on-Year Investment Trends
EPIC Ventures has invested in 135 companies over the last 27 years, with an average of 5 new investments annually in the last 10 years. In 2024, it made 10 investments. Its most recent first time investment was in Redo and most recent follow-on round was in Noetik.
Year | No. of Investments | ||
|---|---|---|---|
1stÌýRound | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 6 | 4 | 10 |
2023 | 9 | 2 | 11 |
2022 | 3 | 2 | 5 |
2021 | 8 | 4 | 12 |
2020 | 8 | 6 | 14 |
2019 | 1 | 5 | 6 |
2018 | 3 | 3 | 6 |
2017 | 5 | 9 | 14 |
2016 | 7 | 5 | 12 |
EPIC Ventures' Investments by Stage
EPIC Ventures has made 39 investments in Series A stage with an average round size of $10.2M, 25 investments in Seed stage with an average round size of $4.94M and 14 investments in Series B stage with an average round size of $11.1M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series A | 39 |
Seed | 25 |
Series B | 14 |
Series C | 7 |
Series D | 5 |
Others | 1 |
EPIC Ventures' Investments by Sector
EPIC Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, HealthTech, Vertical SaaS and High Tech. Notably, it has invested in 107 Enterprise (B2B) companies, 107 Tech companies, 85 Software companies and at least 49 companies focusing on Saas.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 59 |
Enterprise Infrastructure | 20 |
HealthTech | 16 |
Vertical SaaS | 16 |
High Tech | 14 |
Others | 96 |
EPIC Ventures' Investments by Geography
EPIC Ventures has made most investments in United States (85), followed by India where it has made 2 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
United States | 85 |
India | 2 |
Belgium | 1 |
Canada | 1 |
Spain | 1 |
EPIC Ventures' recent investments
Here are the most recent investments by EPIC Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 20, 2024 | United States | Series A | $24M | Pelion Venture Partners [+11] | |
Jul 31, 2024 | United States | Series A | $40M | Polaris Partners [+14] | |
May 24, 2024 | United States | Series A | $22M | Goodwater Capital [+2] | |
May 21, 2024 | United States | Seed | $5.6M | Peterson Ventures [+2] | |
May 16, 2024 | India | Seed | $4.6M |
Get the detailed list of all investments by EPIC Ventures. Download now!Unicorns in EPIC Ventures' Portfolio
Here is a list of unicorns in EPIC Ventures' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
48 | Cloud based platform offering software to create sales playbooks | 2004 | Austin | Series D | uklcdyt |
IPOs and Publicly Listed companies in EPIC Ventures' Portfolio
Here are EPIC Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 08, 2025 | Jul 2003 | Series B | $3M | |
Apr 16, 2021 | Sep 14, 2016 | Series A | $15M | |
Sep 19, 2019 | Jan 01, 2004 | Series A | $5.4M | |
Jul 25, 2019 | Mar 26, 2015 | Series D | $70M | |
Oct 07, 2016 | Jun 2008 | Series A | $32.5M |
Acquired companies in EPIC Ventures' Portfolio
Here are EPIC Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 08, 2025 | Apr 03, 2018 | Series B | $14M | |
Jul 25, 2024 | Apr 15, 2011 | Series B | $8M | |
Dec 20, 2023 | Jun 26, 2020 | Series A | $10M | |
Aug 15, 2023 | - | - | - | |
Jan 18, 2023 | Mar 05, 2014 | Seed | $1.87M |
Team profile of EPIC Ventures
EPIC Ventures has a team of 37 membersÌýincluding 8 Partners and 3 Venture PartnersÌýlocated in United States, India and . EPIC Ventures' team sits on the board of 2 companies.Here is a list of top team members in EPIC Ventures:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Redwood City | - | ||
Partner | Salt Lake City | - | ||
Partner | Salt Lake City | - | ||
Partner | Salt Lake City | - | - | |
Partner | Salt Lake City | - | ||
Partner | Bangladesh | - | - | |
Partner | Vadodara | - | ||
Partner | Warrensburg | - | - | |
Venture Partner | Salt Lake City | - | - | |
Venture Partner | San Francisco | - | ||
Venture Partner | Redmond | - | - |
Get the full list of EPIC Ventures' team & partners for free. Download now!Co-investors of EPIC Ventures
Over the past 27 years, 690 investors have co-invested in EPIC Ventures's portfolio companies.
- Invested before EPIC Ventures:ÌýTomorrow Ventures, Norwest Venture Partners and 113 others have invested in rounds before EPIC Ventures. There are 2 companies where Tomorrow Ventures has invested before EPIC Ventures and 2 companies where Norwest Venture Partners has invested before EPIC Ventures.
- Top Co-investors of EPIC Ventures:Ìý276 investors entered a company along with EPIC Ventures. These include investors like Tomorrow Ventures (4 companies).
- Invested after EPIC Ventures:ÌýA total of 299 investors have invested in EPIC Ventures's portfolio after their investments. Top Investors include Insight Partners (5 companies), SVB (4 companies) and Baird Capital (3 companies).
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