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 $34.3M (across 35 rounds with reported amounts).
Portfolio
27
Fund Size
$50M
Top Stage
Series C
Last 12 Mo
5
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
38 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Zanskar | Series C | $115M | Jan 2026 |
 Zanskar | Series C | $115M | Jan 2026 |
 Zanskar | Series C | $115M | Jan 2026 |
 Zanskar | 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 |
| KKoji | Series B | $20M | Jan 2022 |
| Prime Trust | Series B | $100M | Jan 2022 |
| PParticl | Series A | $8.5M | Jan 2022 |
| Gametime | Series C | — | Jan 2022 |
 Tiled | Series A | $13.7M | Sep 2021 |
 Algramo | Series A | $8.5M | Jul 2021 |
| Prime Trust | Series A | $64M | Jul 2021 |
 Techtonic | Series B | $6M | Oct 2019 |
 Kopari Beauty | Growth | $20M | Jul 2019 |
 Kopari | Growth | $20M | Jul 2019 |
 Motimatic | Growth | $4M | Apr 2019 |
 GrubMarket | Growth | $25M | Apr 2019 |
| GrubMarket | Series C | $25M | Apr 2019 |
 Collegevine | Series B | $24M | Apr 2019 |
| GrubMarket | Growth | $25M | Jan 2019 |
 SimPlus | Series C | — | Jan 2019 |
| UUnicaf | Series B | — | Nov 2018 |
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Top Co-Investors
Cross Creek7 shared
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
GVP Climate5 shared
Clearvision Ventures5 shared
Salesforce Ventures4 shared
New Markets Venture Partners3 shared
GGV Capital3 shared
WI Harper Group3 shared
Fusion Fund3 shared
Digital Garage, Inc.3 shared
Soma Capital3 shared
Last updated: 20 October 2026