Funded Startups in Orem
The largest disclosed round in Orem is Nectar’s $40M Series B (2024-04-18), which sits well above the rest of the disclosed amounts shown here: only Hona r…
The largest disclosed round in Orem is Nectar’s $40M Series B (2024-04-18), which sits well above the rest of the disclosed amounts shown here: only Hona reports $10M (2024-06-17) and Mindsmith reports $4M (2025-07-23), while two other notable disclosed rounds are Videra Health’s $6M (2024-05-21) and Techcyte’s $21M corporate round (2021-08-19). The list also shows a tight middle cluster in 2024: four of the 14 rounds fall between 2024-04-18 and 2024-06-20 (Nectar, Videra Health, Hona, and Ovation), indicating concentrated fundraising activity in that window.
Sector and stage mix are mixed rather than uniform: Financial Services appears in three entries (SmartFi in 2021 with $10M; Savology in 2021 with $400K; both are separate from Mindsmith’s AI). Stage labels are also uneven, with five of the 14 rows lacking a clearly disclosed amount/label detail via “undisclosed” (Ovation) or “Series Unknown” (Coreform, Wander, SignGlasses), plus one row with no stage shown for Pura (2020-02-20). Temporally, the shown rounds span from 2020-02-20 (Pura) through 2025-07-23 (Mindsmith).
Most recent rounds
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Frequently asked
What is the largest disclosed round in Orem here, and how does it compare with other disclosed amounts?
Nectar’s $40M Series B on 2024-04-18 is the top disclosed amount in the 14-row view. It is the only disclosed round above $20M (next-highest is Techcyte’s $21M on 2021-08-19), while several other disclosed rounds cluster in single digits to low tens (e.g., Videra Health $6M on 2024-05-21; Hona $10M on 2024-06-17).
Do any rounds concentrate in a narrow period, rather than being evenly spread?
Yes. Four of the 14 entries fall between 2024-04-18 and 2024-06-20 (Nectar $40M on 2024-04-18; Videra Health $6M on 2024-05-21; Hona $10M on 2024-06-17; Ovation on 2024-06-20 with “undisclosed”). This creates a clear 2024 mid-year fundraising cluster relative to the earlier 2020–2023 and later 2025 entries.
Which sectors are most represented in this Orem list?
Financial Services is the most repeated sector in the shown rows, appearing in three entries: SmartFi (2021-10-12, $10M), Savology (2021-08-20, $400K), and both are within the same city. Other sectors appear fewer times (e.g., Artificial Intelligence appears in Mindsmith on 2025-07-23 and Techcyte on 2021-08-19).
How much of the funding activity is obscured by “undisclosed” amounts or “Series Unknown” labels?
Out of 14 rows, one entry uses “undisclosed” for amount (Ovation, Series A, 2024-06-20). In addition, three entries explicitly carry “Series Unknown” as a stage classification (Coreform, Wander, and SignGlasses), and Pura has no stage label shown on 2020-02-20.
Which entries are the temporal extremes, and what does that imply for the pattern?
The oldest round shown is Pura on 2020-02-20 with $4M, while the most recent is Mindsmith on 2025-07-23 with $4M. Between those edges, the list includes a denser 2024 middle cluster (notably the $40M/$10M/$6M trio in April–June 2024) rather than a uniform cadence from 2020 through 2025.
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