FundingUtah.com Makes $120M Available for Utah Start-ups

FundingUtah.com, an online liaison between entrepreneurs and investors, announced that it has made more than $121M available to Utah start-ups.

FundingUtah.com is an online meeting place where Utah entrepreneurs looking for start-up capital may submit their business plans to Utah investors. Entrepreneurs register on the site and upload their business plan at no cost. Angel investors may create a free account and search through hundreds of business plans. At no point are the investors or entrepreneurs charged for any services provided by FundingUtah.com.

“Experts say Utah is at the same point Silicon Valley was 20 years ago,” said FundingUtah.com founder Paul Allen. “The only element that is missing is a dialogue between investors and entrepreneurs. FundingUtah.com will play a vital role in starting that dialogue.”

FundingUtah.com is pleased with the response that it has received. The site is used by more than 160 accredited investors and 550 entrepreneurs. Dozens of companies have been contacted by Utah investors through FundingUtah.com.

FundingUtah.com is part of the FundingUniverse.com family of sites. Similar sites in other states provide matching services for entrepreneurs and investors across the U.S.