University Growth Fund (UGF) is the largest student-run private equity fund in the United States, giving university students hands-on experience investing alongside top-tier investors. Founded in 2015 and headquartered in Salt Lake City, Utah, UGF focuses on growth-stage companies from Series A to pre-IPO across consumer products, consumer tech, semiconductors, and enterprise software.
They made 5 investments in the last 12 months. Average disclosed round size is $38.4M (across 29 rounds with reported amounts).
Portfolio
24
Fund Size
$50M
Top Stage
Series C
Last 12 Mo
5
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
30 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Zanskar | Series C | $115M | Jan 2026 |
 Zanskar | Series C | $115M | Jan 2026 |
 Zanskar | Series C | $115M | Jan 2026 |
| ZZanskar | Series B | $115M | Jan 2026 |
 Nest Health | Series A | $22.5M | Nov 2025 |
 Carputty | Growth | $5M | Mar 2024 |
 Prime Trust | Unknown | $107M | Jun 2022 |
 Gametime | Unknown | $30M | May 2022 |
| Prime Trust | Unknown | $100M | Jan 2022 |
 Tiled | Series A | $13.7M | Sep 2021 |
 Algramo | Series A | $8.5M | Jul 2021 |
| Prime Trust | Series A | $64M | Jul 2021 |
 Tula Health | Unknown | $7.1M | Jan 2021 |
| Tula Health | Unknown | $24.1M | Jan 2020 |
| TTechtonic | Series B | $6M | Oct 2019 |
 Kopari Beauty | Growth | $20M | Jul 2019 |
 Kopari | Growth | $20M | Jul 2019 |
 Motimatic | Growth | $4M | Apr 2019 |
 GrubMarket | Series C | $25M | Apr 2019 |
 CollegeVine | Series B | $24M | Apr 2019 |
| UUnicaf | Series B | — | Nov 2018 |
 Galvanize | Series C | $32M | Jul 2018 |
| TTechtonic Group | Seed | $2M | Apr 2018 |
 Learnplatform | Seed | $3.2M | Jan 2018 |
 Fullcast | Seed | $2.8M | Jan 2018 |
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Top Co-Investors
Union Square Ventures5 shared
Obvious Ventures5 shared
UP.Partners5 shared
Lowercarbon Capital5 shared
StepStone Group5 shared
Spring Lane Capital5 shared
Safar Partners5 shared
Orion Industrial Ventures5 shared
Carica Sustainable Investments5 shared
Cross Creek5 shared
GVP Climate5 shared
Clearvision Ventures5 shared
New Markets Venture Partners3 shared
Seven Peaks Ventures3 shared
Gaingels3 shared
Kraken Ventures3 shared
Mercato Partners3 shared
Unilever Ventures2 shared
L Catterton2 shared
Last updated: 9 September 2026