Thursday, 31 October 2019

The Utah startup scene gets another boost with Album VC's new $75 million fund

The Utah startup scene gets another boost with Album VC's new $75 million fundAlbum VC, a Lehi, Utah-based early-stage venture firm that's been known until now as Peak Ventures, just gathered up $75 million in capital commitments for its third early-stage fund. The development shows investor confidence in Album's young team, which came together in 2014 after the founder of Zinch -- a site connecting colleges and students that sold to the ed-tech company Chegg in 2011 -- decided to try his hand at investing in other startups. As that founder, Sid Krommenhoek -- who stayed on with Chegg for several years, running its international efforts -- explains it, "I thought I'd do another startup.




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