Lehi, Utah – June 26, 2025
Sorenson Capital has announced the close of its third early-stage venture fund, Ventures III, with $150 million in committed capital. The new fund reflects the firm’s long-held strategy of maintaining a consistent, disciplined investment approach amid an often-volatile venture landscape.
The Lehi, Utah-based investment firm emphasized its continued focus on cybersecurity and B2B software—two sectors it has backed for more than two decades. Ventures III is sized in line with its predecessor funds: Ventures I at $110 million and Ventures II at $150 million. The firm plans to make initial investments of $1 million to $10 million in 25 to 30 companies from the new fund.
A Focused, Hands-On Approach
Sorenson Capital follows a broad strategy of remaining nimble, prioritizing impact, and working closely with early-stage founders from inception to exit.
Founded in 2002 by Fraser Bullock, Ron Mika, Luke Sorenson, Mark Ludwig, and Tim Layton, Sorenson Capital is known for taking an active role in portfolio companies—offering support in go-to-market strategies, product development, customer acquisition, and long-term growth planning.
It has invested in over 30 early-stage companies including Socure, an identity verification platform; CyCognito, a cyber security startup; Oyster, a remote hiring platform company; Vendia, a real-time secure data sharing platform; MX, a data-driven finance solution; Qualio, a quality management system; and Via, a mobile commerce platform. The firm has already had several exits from its first fund, Sorenson Ventures I, including Bridgecrew (acquired by Palo Alto Networks), CloudKnox (acquired by Microsoft), and Openpath (acquired by Motorola).
“We are product-first investors who partner with entrepreneurs using their engineering vision to change markets,” said Rob Rueckert, one of the partners in the investment firm. “We believe we bring something different to the table, and as such, we’ve been fortunate to syndicate with firms such as Lightspeed, Battery Ventures, Emergence, Accel, and General Catalyst, among many other high-quality firms. We’re going to continue to invest in founders who are building innovative products that have impressive intellectual property and who have the vision to execute.”
This hands-on approach has paid off, with portfolio wins such as Palo Alto Networks’ acquisition of Talon and Microsoft’s acquisition of CloudKnox. Sorenson Capital positions itself as a long-haul partner committed to delivering strong outcomes in both bull and bear markets.
“Winning in venture isn’t about trend-chasing—it’s about context, pattern recognition, and knowing the terrain,” stated Elefant. “We’ve spent decades in the trenches of cybersecurity and enterprise software.”
The firm has already made nine investments under Ventures III. Four of these include:
- Andromeda Security, focused on preventing identity breaches across human and non-human users
- Bureau, a global trust network for identity verification and fraud prevention
- Jump, an AI-powered assistant for financial advisors, automating compliance and CRM tasks
- SmartSuite, a collaborative platform for unified work management
Building Value from Day One
Sorenson Capital’s thesis centers on investing in startups that already possess high-value intellectual property and helping them evolve into category leaders. Its value-add is not only in capital but also in operational guidance—helping startups establish product-market fit, scale go-to-market efforts, recruit leadership, and refine product strategy.
The firm sees this early-stage involvement as a way to ensure that portfolio companies are building with real customer value from the outset. “Too many VCs offer surface-level advice across too many sectors,” said Rueckert. “We go deep—because that’s where we move the needle.”
Looking Ahead
With Ventures III, Sorenson Capital is doubling down on what it sees as long-term, defensible areas of innovation: AI-driven enterprise software, cybersecurity, DevOps, and infrastructure. The firm sees consistency—not capital size or trend chasing—as its core strength in an unpredictable venture environment.
As the venture market continues to shift, Sorenson Capital is positioning itself as a patient, focused investor committed to backing founders with bold visions and deep technical insight.
For more information, visit: sorensoncapital.com.
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