Ankona Capital

Ankona Capital is a venture capital firm established in 2019 and based in Newport Beach, California. The firm specializes in early-stage and growth capital investments, focusing primarily on business-to-business software and software-enabled services companies. Ankona typically invests between $5 million and $15 million in equity per transaction, targeting companies with annual revenues between $5 million and $15 million. The firm generally seeks minority stakes in its portfolio companies and prefers to hold a Board seat. With a team that boasts over 50 years of combined experience in software, Ankona Capital aims to invest outside of Silicon Valley, leveraging its expertise to support emerging growth companies.

Josh Harmsen

Managing Director

Newth Morris

Managing Director

Mike Murphy

Managing Partner

Gardner Smith

Associate

Jared Smith

Managing Director

Past deals in Utah

Rivet

Series B in 2022
Rivet Health, Inc. is a company specializing in healthcare revenue cycle management through its software-as-a-service platform. Founded in 2018 and based in Cottonwood Heights, Utah, Rivet provides tools that enhance financial transparency and operational efficiency for healthcare providers and patients. Its offerings include features that allow providers to quote and collect patient costs upfront and manage payer contracts effectively. The software also helps patients understand their financial responsibilities, detect underpayments, and create accurate estimates, thereby fostering better communication between providers and payers. By addressing the complexities of healthcare transactions, Rivet aims to improve the overall experience for both patients and providers.

Canopy

Venture Round in 2021
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Canopy

Series C in 2021
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.
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