Convoi Ventures

Convoi Ventures is an early-stage venture capital firm based in Orem, Utah, dedicated to identifying and funding the next generation of breakout startups within the state. Launched in 2022, the firm quickly established itself with an inaugural fund of $10 million, signaling its commitment to bolstering Utah's burgeoning tech ecosystem. Convoi Ventures positions itself as a crucial early supporter for local entrepreneurs, aiming to be the first institutional capital for promising ventures.

The firm primarily focuses on pre-seed and seed-stage companies, often investing before significant traction or revenue has been achieved. Their investment thesis centers on identifying innovative startups with strong potential for product-led growth, particularly within the Software-as-a-Service (SaaS) and marketplace sectors. This strategic focus allows Convoi Ventures to engage with founders at a foundational level, providing not just capital but also strategic guidance to help shape nascent businesses.

Convoi Ventures typically deploys first checks ranging from $250,000 to $500,000, providing essential early funding that can catalyze a startup's initial development and market entry. This check size is designed to support companies through critical early milestones, such as product development, team expansion, and initial customer acquisition. By concentrating its efforts on Utah-based companies and early-stage funding, Convoi Ventures plays a vital role in nurturing the local startup landscape and fostering its continued growth.