Album VC

Overview

Album VC is an early-stage venture capital firm that invests in technology startups at pre-seed, seed, and Series A stages, with a focus on enterprise software, consumer technology, and financial technology sectors.¹³⁶ Headquartered in Lehi, Utah, it manages over $400 million in assets across seven funds and has made nearly 190 investments, including notable exits like the $2.5 billion acquisition of Divvy in 2021.¹⁵ The firm originated from the Silicon Slopes ecosystem and emphasizes founder-first relationships.¹

History

Founded in 2013 as Peak Ventures by Sid Krommenhoek and Jeff Danley, it rebranded to Album VC in 2019.¹ Key milestones include closing a $200 million fourth fund in early 2022 and achieving 12 successful exits, highlighted by Divvy's acquisition for $2.5 billion in May 2021.¹ As of 2026, it continues active investing, with a recent $24.5M Series A in Bound.¹

Notable Products

• Divvy - Expense management platform acquired for $2.5 billion in 2021.
• Podium - Customer interaction platform for local businesses.
• MX - Open banking and data connectivity provider.
• Weave - Patient communication and practice management software.
• Route - E-commerce post-purchase experience platform.

Reputation

Album VC is recognized by professionals for strong regional ties in Silicon Slopes and successful early-stage tech investments, with notable exits demonstrating effective portfolio management.¹³ Enthusiasts and founders value its founder-first approach and collaborative style over transactional deals.³ Some sources note discrepancies in reported headquarters and AUM, but Utah-based operations and track record affirm credibility.¹²³