42.ventures

42.ventures is a family office firm based in Salt Lake City, Utah, founded in 2006. The company specializes in providing business building support and investment for growth-oriented companies, particularly in the software-as-a-service, mobile software, artificial intelligence, and big data sectors. Unlike traditional venture firms, 42.ventures takes a hands-on approach, with a team of experienced entrepreneurs who understand the challenges of growing a business. They offer investments ranging from $250,000 to $1.5 million, focusing on companies that already have established products and customer bases. The firm operates with an evergreen fund, allowing for flexible timelines and investment structures tailored to the needs of each portfolio company, rather than being constrained by conventional exit strategies. 42.ventures seeks to partner with entrepreneurs who desire more than just capital, aiming to foster business growth through active collaboration and expertise.

Ned Stringham

Managing Director

14 past transactions

FAST Technology

Private Equity Round in 2015
FAST, which stands for "Flexible Architecture, Simplified Technology", is a privately-held company located in Iselin, NJ founded by the former leaders of NaviSys. Their team of passionate, experienced entrepreneurs focuses on solving the challenges their financial services clients face as they seek to modernize their systems environments or completely replace legacy systems.

Hexure

Private Equity Round in 2014
Hexure, formerly known as Insurance Technologies, specializes in providing digital sales automation solutions for the insurance, financial services, and wealth management sectors. Established in 1995 and headquartered in Colorado Springs, Colorado, the company enables insurance carriers and distributors, including broker-dealers, banks, and credit unions, to enhance customer-centric sales experiences. Hexure's software modernizes the sales process by offering point-of-sale illustration tools, asset allocation analysis, and application automation, which streamline workflows, reduce paper processing, and ensure compliance with regulatory standards. Its solutions facilitate faster issuance and improved sales accuracy across a range of products, including life insurance, annuities, and retirement offerings, ultimately transforming how these products are marketed and delivered.

Pride Media Group

Series A in 2013
Pride-Media helps build and fund powerful technology applications. They are a technology and venture capitalist company that specializes in developing and achieving complex integration across multiple mediums or systems to deliver sound technological software or services. Pride-Media believes partnering with industry-experienced entrepreneurs is the winning combination. Their team offers not only capital, but hands-on experience. Expertise in business management, strategy and technology development provide sound advise and ensure the right execution for success.

iDealResponse

Series A in 2012
iDealResponse drives consistently exceptional customer conversations. The first “verbal social” platform, iR helps sales and support reps hone sales pitches, master winning responses to customer objections, and prepare for critical negotiations. An easy-to-use, phone-based solution, it gives teams a way to collaborate in real-time to quickly master the knowledge and verbal skills to win and keep customers. It was founded in 2009 and headquartered in Draper, Utah.

Kickanotch mobile

Series A in 2011
Kickanotch Mobile, based in Prairie Village, Kansas, specializes in developing mobile marketing applications tailored for broadcasting, publishing, and corporate organizations. The company provides a suite of user-friendly software as a service (SaaS) solutions designed to enhance mobile marketing and monetization efforts. Their offerings include custom mobile applications, code marketing, mobile barcodes, texting, video marketing, and web design. By leveraging these tools, Kickanotch Mobile aims to increase advertising sales and profits while effectively targeting consumers across various mobile devices.

Distribion

Seed Round in 2011
Distribion is a marketing solution software company that offers a web-based platform designed to simplify the management of distributed marketing organizations. The platform enables clients to effectively manage their brand by providing tools for content management, campaign execution, and analytics. It allows corporate and local marketers, as well as field sales and marketing partners, to create, store, localize, manage, and measure marketing communications across various channels. By empowering producers and franchises with the dynamic customization of corporate collateral, Distribion addresses the complex needs of its clients and enhances their marketing capabilities.

Vertical Nerve

Seed Round in 2010
Vertical Nerve are a digital optimization agency focused on producing measurable results for their clients through programs specifically designed to acquire more traffic and convert more visitors into sales and leads. They draw from 17 years of success helping businesses realize more ROI from their digital channels.

White Label Marketing

Series A in 2009
White Label Marketing helps mid-sized businesses fully exploit the benefits of online marketing. They do this by first conducting a deep assessment of your online performance, which includes matching you up against top online competitors who are experiencing success. Then they develop and execute a multi-channel online marketing program designed specifically to help you win in your markets. Their team of dedicated professionals has experience in search, email, media, social, mobile, web and affiliate marketing and pride ourselves on knowing how to get results. The company was founded in 2010 by Ned Stringham, who built and sold one of the largest independent interactive marketing firms in North America in the early to mid 2000’s. Stringham, an active venture capitalist, witnessed the persistent proliferation of new online marketing channels, tools and solutions in the years following. Today more than ever, companies struggle with an increasingly complex online marketing landscape. Marketing executives are inclined to make rash and uninformed decisions because of rapidly evolving channels and strategies, leading to poor execution and performance. White Label Marketing fills this gap, helping companies take full advantage of new channels, tools and strategies, so company leadership is free to focus on its core competencies while maintaining an edge over the competition.

TouchPath

Series A in 2008
TouchPath is a provider of application-based services focused on enhancing passenger transport operations and streamlining business processes. The company specializes in warehouse management, asset tracking, and field service solutions, which enable users to capture essential information and improve the visibility of assets, processes, and orders. By integrating with enterprise resource planning systems, TouchPath allows clients to interact with critical data in real-time, regardless of their location. The company's offerings also include equipment maintenance, manufacturing execution systems, entrance control, facility evacuation, and sales execution, all tailored to meet the specific needs of its clients.

New Media Gateway

Seed Round in 2007
New Media Gateway, Inc. is a provider of web-based enterprise marketing solutions, offering a comprehensive suite of marketing software products and services. Its software includes modules for digital marketing, web content management, relationship management, and workflow management, enabling businesses to efficiently manage their marketing efforts. The company also provides various marketing services, such as search engine marketing, marketing analytics, creative design, and email marketing. Additionally, New Media Gateway specializes in the design and production of print materials, including CD business cards and custom-shaped media. The company serves a diverse range of industries, including agency, franchise, financial, energy, healthcare, insurance, and real estate, as well as clients in the hospitality sector, such as hotels, resorts, and tourism boards. Founded in 1998 and headquartered in Dallas, Texas, New Media Gateway aims to deliver effective marketing solutions tailored to the needs of its clients.

Sharp Analytics

Seed Round in 2006
Sharp Analytics bridges the gap between on and offline data through the SharpView Marketing Analytics Platform. By integrating data from disparate sources, the Sharp Analytics Marketing platform provides a central “dashboard” view into all of your marketing programs that can be used to drive immediate decisions and – ultimately – ROI. Sharp Analytics combines the advantages of Web-based software – including ease-of-implementation and use – with ongoing dedicated analytics services to help you understand and enhance your data. Our background in data integration and analytics gives us the expertise to take data that is messy and incomprehensible, and make it meaningful and actionable for you. We act as your guide, providing quality analysis of complex data and can help you focus on channel synergy, tracking your competition and forecasting for improved performance.
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