Salt Lake City-based Sorenson Capital has announced the formation of Sorenson Ventures, a new investment group focused on early-stage enterprise software and security investments. With the establishment of Sorenson Ventures, Ken Elefant joins the company as managing director. He will be spearheading investment efforts for Sorenson Ventures along with Rob Rueckert, Sorenson Capital managing director.
Elefant joins Sorenson Ventures from Intel Capital, where he previously served as managing director of the software and security group and vice president of Intel Corp. Elefant has led investments in numerous technologies, including Carbon Black, Forescout and Prolexic, which was acquired by Akamai. Prior to joining Intel Capital, he was a founding general partner at Opus Capital.
“Sorenson Ventures is the right fit for me,” said Elefant. “I wanted to take my entrepreneurial passion somewhere that was aligned with my values and strategy. The culture and vision of Sorenson Capital is an indication of the way it treats entrepreneurs — putting them first. It’s rewarding to work as a trusted partner, adding real value beyond monetary investment by providing assistance from our collective backgrounds and connections. Rob and I have always shared the same vision for technology and entrepreneurs, so the choice to join was easy. We believe we will be closing our first investment soon, which we have already identified in the security space.”