Early-Stage VC Firm Sorenson Ventures Closes Inaugural Fund at $110M

Sorenson Ventures, an offshoot of Utah private equity firm Sorenson Capital, announced today it has closed its first fund with more than $110 million to invest in early-stage security and enterprise software companies.

The young venture capital firm was formed in 2017 by Sorenson Capital, which recruited former Intel Capital executive Ken Elefant as managing director. Elefant shares leadership of the VC spinout with Sorenson Capital’s managing director Rob Rueckert. The pairing was a reunion for Elefant and Rueckert, both former Kauffman Fellows who were also colleagues at Intel Capital.

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