Medici Ventures

Medici Ventures is the venture capital arm of Overstock.com, serving as a wholly owned subsidiary that manages investments in firms building blockchain technologies and related digital innovations. Established in 2014 and based in Salt Lake City, Utah, it focuses on information technology, blockchain, cybersecurity, software-as-a-service, and fintech sectors. The firm develops a portfolio of companies creating blockchain-enabled platforms and other technology businesses, aiming to advance practical applications and industry adoption.

Past deals in Utah

Evernym

Seed Round in 2019
Evernym, Inc. is a technology company based in Draper, Utah, that specializes in self-sovereign identity solutions. Founded in 2012, it operates the Sovrin network, an open-source distributed ledger specifically designed for managing identity data. Evernym's platform enables individuals and organizations to securely control and exchange verifiable claims, facilitating trusted interactions in various sectors. The company collaborates with leading businesses, institutions, and NGOs to develop privacy-focused identity solutions, allowing users to maintain ownership of their personal information. Through its innovative approach, Evernym is advancing the infrastructure for identity management, aiming to empower individuals with greater control over their digital identities.

Spera

Series A in 2017
Spera is a SaaS-based platform that enables freelancers and independent contractors to run their businesses from anywhere. The platform combines task management, invoicing, and payments into a single digital workspace, automating invoices from completed tasks and supporting payments via credit cards and ACH through a built-in merchant account. It provides back-office tools to track projects and gigs, generate customized invoices, and monitor receivables through a unified dashboard. The service is offered on monthly or yearly subscriptions. Founded in 2014 and based in Lehi, Utah, Spera aims to reduce administrative burdens for self-employed professionals by delivering secure, easy-to-use tools that streamline workflow and improve cash flow.
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