Rockies Venture Fund

What Rockies Venture Fund does

Rockies Venture Fund is a Denver-based venture capital platform founded in 2015 that operates multiple early-stage fund vehicles targeting technology, healthcare, life science, consumer packaged goods, and cleantech startups across the Rocky Mountain region. Its product suite comprises four distinct funds: Rockies Venture Fund I (the flagship vehicle with a 27-company portfolio), Rockies Vintage Fund 2021 (aggregating the strongest 2021 Rockies Venture Club deals), the Rockies Seed Fund (currently in formation, targeting $5M and 25 pre-seed/seed companies founded by Black, Hispanic, and Indigenous entrepreneurs), and the Rockies Wyoming Fund (a $10M regional vehicle focused on Wyoming and adjoining Rocky Mountain States). The firm raises capital from individual investors, family offices, and corporate LPs through events, direct outreach, and a national investor network, and offers co-investment rights to existing LPs.

The platform does not rely on proprietary technology; its core competency is deal sourcing from a national investor network and partnership team backgrounds spanning finance, technology, government, and startups. Revenue is generated through standard venture capital economics: a 2% initial management fee (stepping down to 1.5%) on committed capital and 20% carried interest on successful exits. Fund terms include a 3-year investment period and 10-year fund life with extensions, with approximately 50% of the Wyoming Fund's capital reserved for follow-on investments to support later-stage rounds.

The team is small (5–10 people) led by Founder and Managing Partner Peter Adams, Managing Partner Dave Harris, and General Partner Kevin Morningstar, with additional investment team members Kevin Kudra, Chris Saxman, Alex Muromcew, and C.J. Whelan. The firm is privately held with no parent company, was previously known as Rockies Venture Club, and has disclosed 18+ named portfolio companies spanning medical devices (CurvaFix, PharmaJet), healthcare communications (CirrusMD), diagnostics (LightDeck Diagnostics), cloud security (Swimlane), real estate tech (Trelora), digital imaging (Shotzr), advanced materials (Steelhead Composites), environmental services (Green Steel Environmental), advanced manufacturing (Vitro3D), food and beverage (Gruvi), Web3 (DAPIX/FIO Protocol), and career platforms (Career Allies/TiLT).

Name

Rockies Venture Fund

Legal name

Rockies Venture Fund

Website

https://rockiesventurefund.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Rockies Venture Fund is a Denver-based venture capital platform operating multiple early-stage funds targeting technology, healthcare, life science, CPG, and cleantech startups across the Rocky Mountain region, including dedicated vehicles for underrepresented founders and Wyoming-based companies.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

akta.pro secondary industries

Venture Capital Fund-of-Funds (FSANAGAC), SDG / Thematic Sustainable Investment Funds (FSANAJAN)

Keywords

• Venture capital funds
• Early-stage investing
• Limited partner management
• Startup equity financing
• Seed stage capital

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Management Fees: Venture capital fund charges annual management fees on committed capital. For the Rockies Wyoming Fund: 2% initial management fee, reducing to 1.5%. Fees cover fund operations and investment management.
2. Carried Interest: 20% carried interest on profits generated from successful portfolio company exits. This is the primary performance-based revenue for venture capital funds, aligning GP and LP interests.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Rockies Venture Fund is a Denver-based venture capital fund platform that raises capital from Limited Partners and invests it as equity into early-stage startups. It operates four distinct fund vehicles: the flagship Rockies Venture Fund I (portfolio of 27 companies), the Rockies Vintage Fund 2021, the Rockies Seed Fund (targeting $5M for 25 pre-seed/seed companies led by Black, Hispanic, and Indigenous founders in underserved markets), and the Rockies Wyoming Fund (a $10M regional fund focused on Wyoming and adjoining Rocky Mountain States). LPs receive access to deal flow, co-investment rights, and exposure across emerging technology, healthcare, life science, CPG, and cleantech sectors.

Product overview

Rockies Venture Fund is a platform for early-stage venture capital funds offering four distinct investment vehicles: Rockies Venture Fund I (the flagship fund with 27 portfolio companies), Rockies Vintage Fund 2021 (representing the best 2021 investments), Rockies Seed Fund (a $5M fund targeting 25 seed-stage companies founded by underrepresented entrepreneurs), and Rockies Wyoming Fund (a $10M regional fund focused on Wyoming startups). The platform leverages a national network of investors and focuses on emerging technology, healthcare, life science, CPG, and cleantech sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Rockies Venture Fund I: First fund with a portfolio of 27 companies.
• Rockies Vintage Fund 2021
• Rockies Seed Fund
• Rockies Wyoming Fund

Products and services

• Rockies Venture Fund I The flagship Rockies Venture Fund vehicle, a diversified early-stage venture capital fund that invests across emerging technology, healthcare, life science, consumer packaged goods, and cleantech sectors. It holds a portfolio of 27 companies and is offered to Limited Partners through the firm's private LP subscription process.
• Rockies Vintage Fund 2021 A 2021-vintage venture capital fund that consolidates the best investments sourced through the Rockies Venture Club during 2021, offered as a single LP-subscription vehicle.
• Rockies Seed Fund A seed-stage venture capital fund raising a $5 million target to build a portfolio of 25 pre-seed and seed-stage companies founded by Black, Hispanic, and Indigenous entrepreneurs in underserved markets. Offered to Limited Partners via the firm's LP subscription process.
• Rockies Wyoming Fund A regional venture capital fund with a $10 million target size and a $2.5 million first close, investing exclusively in the Wyoming startup ecosystem and adjoining Rocky Mountain States across fintech, Web3, life science, tourism, and CPG. Targets a portfolio of 12-20 companies with approximately 50% of capital reserved for follow-on investments, a 3-year investment period, and a 10-year fund life with extensions.

Quantifiable outcome

• 27 companies in Fund I portfolio
• +3 more outcomes

Named customers18 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Foundry Group: Boulder, Colorado-based early-stage venture capital fund investing across multiple sectors with a multi-fund platform structure — directly comparable to Rockies' Mountain West geographic base and multi-vehicle approach.
• Kickstart Fund: Salt Lake City-based early-stage VC fund focused on seed and Series A investments in the Mountain West region — comparable geographic positioning, stage focus, and fund size to Rockies Venture Fund.
• Pelion Venture Partners: Utah-based early-stage venture capital firm investing in technology startups — overlapping geography, stage, and sector focus with Rockies, with a similar multi-fund platform structure.
• Boulder Ventures: Boulder, Colorado-based venture capital firm investing in early-stage technology and life sciences companies — direct competitor in the Rocky Mountain early-stage market with comparable fund structures.
• Mercato Partners: Salt Lake City-based growth and early-stage venture capital firm operating multiple fund vehicles — comparable Mountain West geography, multi-fund platform structure, and stage focus to Rockies.
• Next Frontier Capital: Montana-based early-stage venture capital fund focused on Mountain West startups — highly comparable geographic positioning and regional fund thesis to Rockies' Wyoming Fund.
• Matchstick Ventures: Minneapolis-based early-stage VC fund focused on seed-stage investments outside of traditional coastal hubs — comparable thesis of funding startups in underserved geographies with smaller fund sizes.
• Moonshots Capital: Texas-based seed-stage venture capital fund — comparable fund size, stage focus, and thesis of serving founders outside major coastal venture markets.

Broad incumbents

• Techstars: Boulder, Colorado-headquartered global accelerator and venture capital firm — shares Rockies' geographic base and early-stage focus, but operates at significantly larger scale with a global footprint and accelerator-driven model.

Emerging players

• Aspect Ventures: Early-stage venture fund with a thesis-driven approach to investing in underrepresented founders — comparable mission alignment with Rockies' Seed Fund focus on Black, Hispanic, and Indigenous entrepreneurs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/rockies-venture-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rockies Venture Fund