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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE Wasatch changes name to EPIC Ventures04/12/2007. Source: AltAssets. 
US early stage technology venture capital firm Wasatch Venture Fund has renamed itself EPIC Ventures. The name change is meant to reflect the firm's evolution from an Utah-centric firm to a growing regional and national firm. The company was established by Zions Bank in 1994 and has grown into a regional presence with an expanding investment footprint. It invests across a broad range of technology sectors, and looks to maintain active involvement in companies through seats on their boards.
Todd Stevens, managing director of EPIC Ventures, said, 'Though our name has changed to reflect our evolution as a fund, our focus on funding promising early stage technology companies and our commitment to helping technology entrepreneurs and companies succeed in their own epic business journeys remains constant.'
Nick Efstratis, also managing director of EPIC Ventures, added, 'Our portfolio companies that exited in 2007 have on average returned well over ten times our investment in them; the strong performance of these companies and the overall portfolio from our first three funds is creating solid momentum for us as we raise our fourth fund.'
Since its inception, EPIC has invested in more than 90 companies throughout the US. The firm will continue to maintain offices in Utah, New Mexico and Idaho.
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