Utah Valley BusinessQ

Big news over at JobNimbus… ?? 1. JobNimbus recently announced a $330 million investment from Sumeru Equity Partners! (Swipe to see the good news broadcasted as Nasdaq.) “This investment marks a significant milestone for JobNimbus and is a testament to the hard work of our incredible team,” said Ben Hodson, CEO of JobNimbus. “We chose Sumeru as our partner because of their expertise in scaling high-growth companies, and with this funding, we’ll continue to double down on our commitment to making contractors heroes, helping them drive their businesses forward with advanced technology.” 2. This year, JobNimbus was ranked as Utah Valley’s No. 18 Fastest-Growing Company. The company’s revenue growth from 2020 to 2023 was an impressive 313%. Founded in 2013 and now with over a decade of experience under its construction belt, JobNimbus is revolutionizing roofing —?and has no plans to slow down. “We obsess over the hero’s journey — helping our customers and internal team become the best version of themselves,” says Jared Olsen, VP of People Experience. #jobnimbus #saas #contractingsoftware #utahcapital #siliconslopes #peopleofsiliconslopes

UV50 Spotlight: Gabb! ?? Gabb is this year’s No. 11 Fastest-Growing Company in Utah Valley, with 895% revenue growth from 2020 to 2023. “Gabb has seen explosive growth over the five years we have been in business!” says Parker Hansen, VP of People and Culture. “While we could talk about revenue growth, our largest and most important indicator is how many customers we have helped. We have helped over 600,000 kids get access to safe tech.” And that's something to be proud of. #gabb #safetech #techforkids #utahvalleybusiness #siliconslopes

Last Friday, Utah celebrated a business behemoth. ?? Trucordia (based in Lindon) celebrated its rebrand from PCF Insurance Services to Trucordia with a formal ribbon cutting and ceremony, where speakers like Jeanette Bennett and Gov. Gary Herbert shared congratulatory speeches. Clint Betts with Silicon Slopes also made an appearance, accepting a donation for the Utah Lunch Debt Relief Foundation. The name "Trucordia" creates a combination of "trust" and "accord." “We love our new home in Lindon,” said Felix Morgan. “It offers a vibrant business community, and our new headquarters will empower us to continue to grow. As one of the state’s top economic drivers, we are excited to give back to our community as evidenced by our recent founding sponsorship of the Utah Hockey Club.” Governor Herbert shared a business-adjacent lesson he learned from his father who was raised on a farm. “The secret of having a good harvest is having good soil,” says Gov. Herbert. “In Utah, we need a good fertile soil for entrepreneurs to plant their seeds and grow their businesses. Trucorida is a good example of this, that went from a smaller business to one of the fastest-growing businesses in Utah and the nation.” About the company: ? Trucordia has more than 5,000 employees across the U.S. ? A notable leader in the insurance brokerage space, Trucordia is currently ranked #19 on Business Insurance's 2024 Top 100 Brokers and #13 on Insurance Journal's 2024 Top Property/Casualty Agencies. ? Inc. 5000 listed the company as one of America’s Fastest-Growing Private Companies and it was named one of Utah’s top five Fastest Growing Companies in Utah Business’s Fast 50 rankings. Photo by Laura Kinser #trucordia #pcfinsurance #insurancebrokerage #fastestgrowingbusiness

BusinessQ’s No. 1 Startup of the Year: Hypercraft?! ??? President Brian B. shared a few words at our UV50 event as he accepted the team’s flag of victory. Hypercraft’s purpose is solving the electric powertrain problem for mid-market original equipment manufacturers. As CEO Jake Hawksworth shared, the team has a goal to sell 10,000+ systems to customers by the end of 2028, and exceed $500 million in annual revenue. #hypercraft #startuptowatch #uv50 #utahstartup #ev

UV50 Spotlight ?? No. 6 Economic Engine (and 7 time winner): Peak Capital Partners ??? Let’s look at the impressive numbers. Peak and its affiliates own and manage properties in over 25 markets in the U.S., employ 800 individuals, and was founded in 2006. Almost 20 years in business and still growing stronger! PODIUM MOMENTS ?? Each Peak property has been selected based on strict criteria and represents long-term growth opportunities. ?? The company is proud to own nearly 30,000 units and be listed in the National Multifamily Housing Council’s Top 50 apartment owners for the last 5 years! ?? Peak Capital Partners is dedicated to community engagement through a range of supportive programs at its properties. These include educational programs, food assistance and nutrition services, health and wellness initiatives, and social support services. ?? Utah is growing fast while keeping a business-friendly and family-friendly culture, which is part of the reason Peak Capital Partners loves doing business here. Sadie Stahura, Jeff Burningham, Jeff Danley, Jamie Dunn #peakcapitalpartners #utahrealestate #utahpropertymanagement #economicengine #uv50 #utahvalleybusinessq #utahvalleybusiness

THE FOUNDERS ARE FEMALE ?? Photo shoots are underway at the BusQ HQ with some business savvy women. Rebecca Mijares with Romp Stomp Brittany Brown with LedgerGurus Kimberly O'Connell with Brixley Bags Lisa Evenson with Evobox Kiffon Douglas with Window Monsters Meg Livingston with page. the shop In total, we will have the stories of 15 local female founders in the winter issue of the magazine. Are you ready for it? ?? #femalefounders #womeninbusiness #utahfounders #utahentrepreneur

Helperly: a new startup focused on Helping the Elderly.??? Caleb Richardson founded this business as a way to honor seniors’ individual progress by creating true connection. ?? ?? The Helperly services and an app are all for the purpose of helping seniors recreate the version of themselves they love the most, and not just "get the help they need.” Services include transportation services, connecting seniors with various classes (such as computer, exercise or music), and companion care. The team is also building a predictive care algorithm into the Helperly app to help get older adults connected to services before they suffer injuries or lose loved ones. Check out the Q+A with Caleb! ?? Q: What is one of the most loved aspects of Helperly? A: “We create experiences. We host or partner with local organizations to put on meaningful activities that help seniors continue to experience life. Too often people try to ‘bubble wrap’ older adults like they're fragile cargo, but we've found that older adults really just want to keep on living just like their younger counterparts.” Q: Share a “business blunder” you have learned from. A: “It's romanticized in the professional space that once you get capital you hire a bunch of people and things just work. It's not true at all. I hired too many too soon and ended up not hitting the milestones I had set out to hit. Never make hires off of a financial model that you don't have 90%+ confidence is going to work out using data and not just gut instincts. Once your business is math, then you can make a financial model and hire against it.” Q: What is one of the most rewarding parts? A: “Hearing seniors’ stories and wisdom. Older adults have lived through the end of segregation, multiple wars, multiple economic booms and downturns, the advent of the internet, and many other significant world events. Hearing their perspective is eye opening and life changing. Helping them memorialize those stories through our app and services so they're never forgotten is also awesome.” iHub Innovation Hub of Utah #helperly #elderlyservices #seniorcare #utahvalleybusiness #utahstartup #ihub #ihubutah #utahentrepreneur

UV50 Spotlight! ?? No. 4 Startup to Watch: Hona Hona is a communication suite for lawyers; an app that updates and educates clients on the statuses of their cases. ?? With Hona’s software, law firms update their clients on their cases, and clients receive a better experience while law firms have less redundant communication. ?? ORIGIN STORY “Co-founder Manny Griffith's wife had a personal injury case and never felt like she knew what was happening with the case. Manny knew that with technology, he could better the process of updating and educating clients. Legal matters are some of the most stress-inducing and emotional times of a person’s life. Our mission is to arm attorneys with the best communication suite possible so that their clients receive the proper care and attention they deserve.” ?? BOLD BRANDING “The name Hona was inspired by an ancient reformed Egyptian word that means ‘compass.’ Hona is a tool that guides clients through a complex legal process.” Founders: Manny Griffiths, Matt McClellan, Joshua Christensen #startuptowatch #utahvalleybusiness #uvbizq #uv50 #siliconslopes #utahlaw #utahlegal #legalsoftware

Utah Valley, don't walk - RUN to the Lakanto Warehouse Sale! #lakanto #warehousesale #utahwarehousesale #utahvalleybusiness

UV50 Spotlight ?? No. 8 Fastest-Growing Company: Skill Struck! Kids in STEM! ??? Skill Struck has created customizable computer science and AI solutions that any teacher, coding experience or not, can use to teach computer science in K-12 classrooms. “We pivoted several times before arriving at this business model,” says Parker Gentry, CEO. “At first, we did one-week coding summer camps, then we moved to 1:1 coding tutoring weekly, and then we started trying to sell that as an employee benefit to corporations. While all of them were a similar mission to what we do today, we didn’t find enough urgency in our business model to grow revenue quickly enough, and we weren’t serving the underserved students we wanted to reach. After two years, we made the big jump to start working with schools and haven’t looked back!” In the 2023-2024 school year, they served 148,000 students. Talk about making a difference! “Our curriculum is carefully scaffolded, making sure students as early as kindergarten are engaged in computer science and coding concepts,” Parker says. “By the time students reach 12th grade, they have a digital portfolio they can use to get jobs in tech or continue their education. Our goal is to prepare students for the future.” #kidsintech #stemjobs #codingforkids #education #skillstruck #computerscience