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EPIC Ventures

Company

Investment-firm

Financing round

General

About Company
EPIC Ventures is a premier early stage software and Internet infrastructure venture firm.

Industry

Sector :

Subsector :

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Also Known As

Wasatch Venture Fund

founded date

01.01.1994

Number of employees

IPO status

Private

Description

The company, founded in 1994 and based in Salt Lake City, Utah, invests in early-stage technology companies operating in the health tech, big data, mobile, and manufacturing sectors. EPIC Ventures brings the collective operational and financial experience of its partnership, world-class advisors, and extensive network of technology industry contacts to ensure the success of its portfolio. The company seeks opportunities and invests in the Northeast and Northwest corridors of the United States, and its Limited Partners include industry leaders in banking, professional services, and institutional investors.
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Financials

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Date 
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Raised 
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People

Founders
3
Todd Stevens
Todd Stevens

Todd Stevens

Founder of Wasatch Venture Fund, now EPIC Ventures

current job

RenewableTech Ventures
RenewableTech Ventures

Todd Stevens

Nick Efstratis
Nick Efstratis

Nick Efstratis

Nick Efstratis is a Managing Director at EPIC Ventures and has been a venture capitalist investing in seed and early-stage technology companies since 1999. Nick brings 10 years of investing experience coupled with direct operating experience in emerging enterprise and start-up companies. Along with the other Managing Directors of EPIC, he concurrently is an officer of Zion’s Bank SBIC Venture Fund. Prior to EPIC Ventures, Nick held numerous positions at Wasatch Venture Fund, including Associate, Partner and Managing Director. He was also an Officer of MACC Private Equities, a publicly traded investment management company. Nick began his career in real estate investment management at Marcus & Millichap in Palo Alto about the time that Netscape completed its Initial Public Offering. Quickly catching the start-up bug, Nick joined the team that successfully sold SoftSolutions to Novell in 1994 and helped launch NetDocuments, a software start-up delivering “hosted” document management services. NetDocuments was a pioneer in the Software as a Service (SaaS) arena. The Company was later funded by Wasatch Venture Fund and remains a stellar Wasatch / EPIC portfolio company. In 1998 Nick joined Excite.com in Redwood City, CA and worked in the Business Development Group while completing his M.B.A. During this time, Nick also provided consulting services to Wasatch Venture Fund, evaluating business plans and performing additional due diligence. Nick and his wife Kristyn are the parents of three children. Together, along with Kristyn’s family, they are the founders and operators of RanchLife Adventures, a working cattle and guest ranch located in Montana. He has a B.S. in Entrepreneurship with a minor in Accounting/Economics from Brigham Young University. His M.B.A. is from the Marriott School at BYU. Notable exits that Nick has worked on at EPIC include The Generations Network (sold to Spectrum Equity and later IPO), Berkeley Data Systems, a.k.a., Mozy (sold to EMC) and Advanced Software (sold to Embarcadero Technologies). His current portfolio includes many market leading companies, including Alliance Health Networks (Health Social Networks), HyTrust (Virtualization Compliance, Security and Management), Tricipher (On-demand Identity Management), Medsphere Systems (Open Source Electronic Health Records), Bungee Labs (Platform-as-a-Service), The Generations Network (Geneology and Family History Data and Services) and SmileReminder (Doctor / Patient Communications Services).

current job

EPIC Ventures
EPIC Ventures

Nick Efstratis

Kent Madsen
Kent Madsen

Kent Madsen

Kent Madsen is a Managing Director of EPIC Venture Fund, and has been a venture capitalist investing in seed and early-stage technology companies for more than a 15 years. Previously Kent was a Managing Director of Wasatch Venture Fund a firm with four funds, and investments in 70 companies. While at Wasatch, Kent also served as CEO of MACC Private Equities (NASDQ: MACC) and its wholly owned subsidiary MorAmerica Capital, one of the nation’s oldest and most well-known late-stage SBIC companies that has provided sub-debt and equity financing to approximately 120 companies. Previously, Kent worked for Ford Motor Company. He initially was in the Advanced Technology Group where he developed mathematical and computational models for optimizing vehicles’ aerodynamic and thermodynamic properties and systems. He then transferred to Ford's China Operations. Prior to working for Ford, as a graduate student, Mr. Madsen taught Engineering Thermodynamics at the University of Michigan. Kent has a B.S. in Mechanical Engineering and Applied Mechanics from the University of Pennsylvania. He has a M.S.E. from the University of Michigan and an M.A. in International Studies from the the University of Pennsylvania. Mr. Madsen also received an M.B.A. from Wharton school of business. Currently, Kent is responsible for the oversight of the following Epic portfolio companies: Health Catalyst, eSionic, Everspin, HG Data, Canopy Tax, Zenefits and Simplus. His past oversight responsibilities include: Divx (Divx), Netcentives (NCNT), Infinera (INFN), Lefthand Networks (acquired by Hewlett Packard – HPQ), Cerberian (acquired by Bluecoat Systems - BCSI), Pivot solutions (acquired by CME), Advanced Software (acquired Embarcadero Technologies - EMBT), Zettacore (acquired by Atotech), Navitel (acquired by Open TV) and others.

current job

Spiff
Spiff

Kent Madsen

Employee Profiles
18
Ryan Hemingway

Ryan Hemingway

Managing Director

Katie Szczepaniak Rice

Katie Szczepaniak Rice

Venture Associate

Jack Boren

Jack Boren

Managing Director

Damon Kirchmeier

Damon Kirchmeier

Director

Nick Efstratis

Nick Efstratis

Co-Founder and Managing Director

Ryan Davis

Ryan Davis

CFO

Kent Madsen

Kent Madsen

Co-Founder and Managing Partner

Geoff Woolley

Geoff Woolley

Venture Partners

Activity

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