Exclusive: Sorenson Capital raises $150 million third fund to chase security and enterprise software deals

Sorenson Capital—like Mormonism, the electric guitar, and frisbee—has origins in Utah, and expanded beyond. Rob Rueckert, who spent 15 years at Intel Capital, joined the VC firm in 2015 right as it was looking beyond Utah. 

“A number of people tried to recruit me before, and I was happy where I was at,” said Rueckert. “Sorenson made a lot of sense for me because it scratched an itch. At the time, it was a regional fund. They said: ‘We want to grow the practice to be a national fund. We want to grow our asset classes.