Investor profile
Pelion Venture Partners
VC
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Pelion Venture Partners is an early-stage venture capital firm focused on investing in B2B software-based companies across the US, with a particular emphasis on Utah's technology ecosystem. Founded in 1986 as Utah Ventures, the firm believes something special is happening in Utah and that the next several years will produce once-in-a-generation companies. Fund 8 focuses on leading Series A rounds in exceptional startups, with a seed program for the earliest stages and the ability to follow on at Series B and C. Pelion takes a hands-on, collaborative approach, leveraging a vast network of technology executives to help portfolio companies achieve success.
Notable quotes
“We believe something special is happening in Utah... we believe we are at the start of the biggest wave yet: Wave 5. Our goal is to partner with the world's most ambitious founders and to serve them as they try to pull off the impossible.”
“Our vision for Pelion is becoming a reality, with the Pelion Fund VII beating our original capital raise targets. We saw increased appetite for this fund from the GCC markets and the team at Greenstone were instrumental in driving our capital raising efforts across the region.”
“The two assets that a venture capitalist has is their network and their reputation. And those two things play off of each other like a flywheel. The better your reputation is… [the more it compounds].”
Team
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| UpGuard | Series C | $105m | 2026-02-26 |
| Jump | Series B | $80m | 2025-12-16 |
| Strider Technologies | Series C | $55m | 2024-09-12 |
| Cloudflare | Early Stage | — | — |
| Divvy | Series D | — | — |
| Weave | Series B | $16m | 2015-11-01 |
| MX Technologies | Series C | $300m | 2021-04-01 |
| Integral Ad Science | Series C | — | 2012-04-13 |
| BigPanda | Series D | — | — |
| Entrata | Growth | — | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Kickstart | 9 |
| Y Combinator | 6 |
| EPIC Ventures | 5 |
| CRV | 4 |
| Insight Partners | 3 |
| Crosslink Capital | 3 |
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