Utah Money Watch

EXECUTIVE SUMMARY:✅ New Enterprise Associates led the $97 million in Series B financing for Salt Lake City-based Databento, with participation from DRW Venture Capital, Redpoint Ventures, Tribe Capital, and other investors; ✅ The AI-FinTech data company says...

EXECUTIVE SUMMARY: ✅ Salt Lake City, Utah-based PACS Group, Inc. plans to acquire operations tied to 34 skilled nursing facilities from Eduro Healthcare, while Salt Lake City-based Packsize has agreed to acquire the packaging business of Italy-based Panotec;✅ Utah co...

EXECUTIVE SUMMARY:✅ Although Fervo Energy only reported $61,000 of first-quarter revenue, the larger Utah story includes — $2.2 billion of IPO proceeds, — $421.4 million of new project financing, and — Roughly $1.2 billion of expected near-term CapEx tied largely to...

EXECUTIVE SUMMARY:✅ Granite has been awarded a Utah Department of Transportation contract priced at ~$117 million to extend the West Davis Corridor in West Point, Utah. ✅ The award comes roughly eight weeks after the 104-year-old, NYSE-listed infrastructure ...

EXECUTIVE SUMMARY:✅ L3Harris Technologies (Salt Lake City) has landed a $12.2 million U.S. Navy contract modification for work in Utah, while Salt Lake City-based Milestone Capital Partners closed $11.5 million of corporate notes; ✅ Ogden, Utah-based TAB Bank...