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Finance

Providing perspective and contextual insights on the monetary aspects of the Finance industry within the state of Utah, from Banking to FinTech and from venture capital to cryptocurrency.

NEWS BRIEF: Utah-based Carketa Lands $4.4 Million in Early Growth Round of Venture Capital Funding

NEWS BRIEF: Utah-based Carketa Lands $4.4 Million in Early Growth Round of Venture Capital Funding

Lehi, Utah-based Carketa has received $4.4 million in an early growth round of venture capital funding. According to its news release, the Carketa funding round "... was led by new investor Capital Eleven, with participation from both new and existing investors, including Crosslink Capital, Origin Ventures, Allegis Capital, and

Has the Divvy Mafia "Done it Again," this Time with Redo?

Has the Divvy Mafia "Done it Again," this Time with Redo?

Draper, Utah-based Redo announced a $24 million round of Series A funding last week, which is certainly newsworthy in and of itself. But what this author finds especially intriguing is the fact that this still young startup has also assembled many of the top team members of Divvy, with rapid

NEWS BRIEF: Utah-based Superior Drilling Products has been Acquired for $32.2 Million in Cash and Stock

NEWS BRIEF: Utah-based Superior Drilling Products has been Acquired for $32.2 Million in Cash and Stock

Vernal, Utah-based Superior Drilling Products, previously NASDAQ:SPDI, has been acquired by Houston, Texas-based Drilling Tools International (NASDAQ:DTI) for $32.2 million in cash and stock. DTI is a global oilfield services company, and according to its acquisition news release, one of the benefits of acquiring 31-year-old Superior Drilling

With a Quarter-Billion-Dollars in Federal Monies Now in Hand, Utah Will Lead a $500 Million Electrical Grid Reliability Project Touching 700,000 Customers in Six States and Five Tribal Nations

With a Quarter-Billion-Dollars in Federal Monies Now in Hand, Utah Will Lead a $500 Million Electrical Grid Reliability Project Touching 700,000 Customers in Six States and Five Tribal Nations

With notice from the U.S. Department of Energy of its successful proposal, the State of Utah's Office of Energy Development will now lead a $500 million multi-state effort to boost the reliability of the electrical grid serving 0ver 700,000 customers in six western states and five

Yowza — 94 Utah Companies Make the Inc. 5000 List for 2024, with 64 Repeat Honorees

Between them, these 94 Utah-based firms had a 230% median growth rate, while 64 of the 94 firms were repeat honorees.

Park City, Utah-based EQV Ventures Acquisition Corp. has Raised $350 Million in an IPO Focused on Acquiring a "Going Concern" Through a SPAC Merger

Park City, Utah-based EQV Ventures Acquisition Corp. has Raised $350 Million in an IPO Focused on Acquiring a "Going Concern" Through a SPAC Merger

In a surprise turn of events, a Utah-based startup with no operations completed an Initial Public Offering on the New York Stock Exchange earlier this month, generating $350 million in gross proceeds in the process. According to a company news release published on 06 August 2024, Park City, Utah-based EQV

The Top 11 Utah-focused Monetary, Financial and/or Business News Nuggets from the Second Half of July 2024 that You Might have Missed

The Top 11 Utah-focused Monetary, Financial and/or Business News Nuggets from the Second Half of July 2024 that You Might have Missed

{AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are significant and should be acknowledged as such. And in this writeup, you'll find info about 11 Utah-based firms and eight separate executives that we feel