Element Ventures
Element Ventures is a privately held, family-office-style venture capital firm founded in 2008 and based in Provo, Utah, that invests seed-stage capital in early-stage startups across Utah and the Mountain West region.
- Company typePrivate
- Founded2008
- HeadquartersProvo, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Element Ventures does
Element Ventures is a privately held venture capital firm, operating in a family-office capacity, that invests seed-stage capital in early-stage companies headquartered primarily in Utah and, more broadly, the Mountain West region. Founded in 2008 and headquartered at 4956 N 300 W Suite 300 in Provo, Utah, the firm runs with a deliberately small team of five named principals — Jeff Burningham, Jeff Danley, Jamie Dunn, Sam Andersen (joined October 2025), and Connor Sullivan — and positions itself as a flexible, fast-moving early partner rather than a scaled institutional fund manager.
The firm's product is capital and partnership: it deploys seed checks (most recently a co-investor participation in pmtbox's $15M round in May 2026, described as Utah's largest seed raise in a decade) alongside strategic support for founders. There is no platform technology, no SaaS offering, and no proprietary tooling — the firm's website is a brand and sourcing surface, not a product surface. Its portfolio spans roughly 25 named companies across fintech (Bill.com, MX, Taxbit, Lendio, Partner.co), commerce infrastructure (pmtbox), vertical SaaS (Podium, Weave, Filevine, SponsorCX, Jump), consumer (Kizik, Nectar Sleep, Pura, Owlet Care, Pestie, After), aerospace (Evolution Space), and healthcare tech (Pathology Watch, Previ), evidencing a generalist seed posture within a Utah-centric sourcing funnel.
The revenue model is consistent with a family-office structure deploying proprietary capital rather than a registered fund manager charging management fees to outside limited partners: the firm earns returns on its own investments rather than fee income from third-party capital. No financial details — AUM, fund vintage, management fees, or realized returns — are disclosed in available sources, and the firm does not publish pricing, products, or subscription offerings of any kind. Operating geographies are explicitly limited to the United States, focused on Utah and the Mountain West.
Element Ventures firmographics
Firmographics- Name
- Element Ventures
- Legal name
- Element Ventures
- Website
- https://element.ventures
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Element Ventures is a privately held, family-office-style venture capital firm founded in 2008 and based in Provo, Utah, that invests seed-stage capital in early-stage startups across Utah and the Mountain West region.
- Ownership category
- akta.pro rank
Element Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where Element Ventures is headquartered
LocationHeadquarters
- HQ city
- Provo
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Element Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D
Element Ventures product offering
Product offeringCore offering
Element Ventures is a venture capital firm that invests seed-stage capital in early-stage startups based in Utah and the Mountain West region. Operating since 2008 as a small team, the firm provides flexible capital partnerships and deploys investment capital across a diverse set of opportunities, including fintech, commerce infrastructure, consumer products, and software companies.
Product overview
Element Ventures is a venture capital firm providing flexible capital partnerships to early-stage startups in Utah and the Mountain West. Rather than a product platform, the firm offers investment capital and strategic partnership to early-stage companies. No distinct product modules or named service offerings are offered.
Differentiator
Problem solved
Functional benefit
Products and services
- Flexible Capital Partnerships (Seed-Stage Venture Capital Investing)
Companies that use Element Ventures
Customer profileSegments1 record
Ideal customer profiles1 record
Element Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Element Ventures partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights4 records
Element Ventures competitors and assessment
Company assessmentDirect peers
- Mercato Partners: Salt Lake City-based growth equity and early-stage investor. Direct regional peer for later-stage seed and Series A rounds in Utah.
- Tandem Ventures: Utah-based VC firm that led pmtbox's $15M seed round (in which Element participated). Direct regional peer and frequent co-investor in the same Utah deal flow.
- Peterson Ventures: Salt Lake City-based early-stage VC fund investing across Utah and the broader Mountain West in software and consumer companies. Comparable seed-stage focus and geography.
- Signal Peak Ventures: Salt Lake City-based seed and early-stage venture capital firm investing in Utah and Mountain West startups. Closest regional peer to Element Ventures with overlapping thesis, geography, and stage focus.
- Kickstart Seed Fund: Utah-based seed-stage VC fund investing in high-growth Utah startups across technology and consumer. Directly competes with Element for seed deals in the same geographic corridor.
- Pelion Venture Partners: Salt Lake City-based early-stage VC firm investing in Utah-based software, fintech, and tech-enabled services. Direct peer with similar regional seed/Series A focus.
- Cynosure Investment Partners: Co-investor alongside Element in pmtbox's $15M seed round. Utah-focused investor with overlapping regional seed-stage mandate and active deal sourcing in the same corridor.
Emerging players
- RevRoad: Utah-based venture accelerator/outlier fund providing seed capital and mentorship to early-stage companies. Overlaps with Element at the seed stage but operates a more structured accelerator model.
Regional players
- Park City Angels: Utah-based angel investor network providing early-stage capital to Utah and Mountain West startups. Adjacent at the seed stage with similar geographic focus but a different capital model (angel syndication).
- University Growth Fund: BYU-affiliated student-run venture fund investing in Utah-area startups. Smaller and more constrained than Element but participates in overlapping regional seed-stage deals.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights5 records
Customer concentration
Element Ventures social profiles
Digital presenceElement Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Element Ventures leadership team
Management profileNumber of profiles
Profiles5 records
Element Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Element Ventures M&A and investment
M&A and investmentM&A
Investments36 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Element Ventures
What does Element Ventures do?
Element Ventures is a venture capital firm that invests seed-stage capital in early-stage startups based in Utah and the Mountain West region. Operating since 2008 as a small team, the firm provides flexible capital partnerships and deploys investment capital across a diverse set of opportunities, including fintech, commerce infrastructure, consumer products, and software companies.
Is Element Ventures a public or private company?
Element Ventures is a private company. It is classified as family owned and is currently operating.
When was Element Ventures founded?
Element Ventures was founded in 2008. It employs 1 to 10 people.
Where is Element Ventures based?
Element Ventures is headquartered in Provo, United States, in the North America region.
Who are Element Ventures's main competitors?
Direct peers on record are Mercato Partners, Tandem Ventures, Peterson Ventures, Signal Peak Ventures, Kickstart Seed Fund, Pelion Venture Partners and Cynosure Investment Partners. RevRoad is listed as an emerging player. Regional players are Park City Angels and University Growth Fund.
Does Element Ventures have an API?
No public API is recorded for Element Ventures.
What industry is Element Ventures in?
Element Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 52399 and its SIC code is 6282.