Patel

Signal Peak Ventures and vSpring Capital, two venture capital firms in the Rocky Mountain region, have joined forces. The combined partnership, which will operate under the Signal Peak Ventures name, will continue to manage the existing portfolios of the respective firms and make early-stage investments in the information technology and life sciences sectors within the Rocky Mountain States, the firm said.
 
The new Signal Peak Ventures will be led by Dinesh Patel, Ron Heinz, Scott Petty and Brandon Tidwell, who will serve as the firm’s managing directors. Following the combination, Ed Ekstrom, managing director at vSpring Capital, will continue to work with the portfolio of Signal Peak Ventures as a venture partner. The combined partnership will manage over $450 million of committed capital, making it one of the largest venture capital firms based in Utah.
 
Within the technology sector, the combined partnership’s areas of investment focus will continue to encompass enterprise software, networking and communications, security, Internet, interactive entertainment, managed services, crowdsourcing and mobile computing. In life sciences, the firm will continue to focus primarily on drug delivery, diagnostics and medical device companies. The firm’s partners have extensive track records of building and funding successful companies in each of these areas.

“Scott and I have had a very positive personal and professional history with Ron and Brandon. We have had the opportunity to work closely with each other over a number of years,” said Patel, founding partner of vSpring Capital. “Our decision to partner together was spurred by our similar approach to investing, our mutual admiration for each other’s achievements and our shared enthusiasm for our targeted industries and the entrepreneurs who drive them.”

“Brandon and I are very excited to join forces with Dinesh and Scott. Together, we are committed to continuing to play a vital role in the ongoing growth of the entrepreneurial community in the Rocky Mountain region, while at the same time generating outstanding results for our investors,” said Heinz. “It is no secret that the number of compelling information technology and life sciences companies in the Rocky Mountain region continues to expand.”