Joan and Tim Fenton Founders Fund

The Joan and Tim Fenton Founders Fund, based in Salt Lake City, Utah, supports student-founded startups emerging from the University of Utah and its broader network, operating as an accelerator for early-stage businesses that typically precede traditional venture capital funding. This $5 million investment fund provides capital with the expectation of generating returns, which are then reinvested to support additional ventures. Its portfolio spans various sectors, including healthcare, real estate, and software, with notable companies such as Health Catalyst, Neighbor, Divvy, and Recursion Pharmaceuticals. The fund operates as an investment vehicle rather than a traditional donation, with underlying capital provided by the Joan and Tim Fenton Family Foundation, a 501(c)(3) non-profit. It was announced in 2022 by founders Joan and Tim Fenton.