Pelion Venture Partners

Pelion Venture Partners is a well-established venture capital firm based in Salt Lake City, Utah, with a rich history dating back to its founding in 1986. The firm has carved out a distinct niche by specializing in early-stage B2B software companies, demonstrating a consistent focus on disruptive technologies and scalable business models. With over $1 billion in assets under management across multiple funds, Pelion has become a significant player in the venture ecosystem, particularly for companies seeking capital and strategic guidance in the enterprise software sector.

The firm's investment strategy centers on identifying high-potential B2B software companies led by strong, visionary management teams. Pelion seeks out ventures poised to address large, underserved markets with innovative solutions. Beyond capital, Pelion Venture Partners is known for its hands-on approach, actively partnering with its portfolio companies to provide operational support, strategic advice, and access to an extensive network. This collaborative model aims to accelerate growth and maximize the potential for successful outcomes.

Pelion's commitment to the B2B software space was recently underscored by the closing of its seventh fund, Pelion VII, which secured $365 million in capital in 2022. This substantial fund size enables the firm to continue its robust investment pace. Typically, Pelion writes initial checks ranging from $5 million to $15 million, targeting companies that are beyond the seed stage but still in their early growth phases. With a portfolio boasting over 100 companies, Pelion Venture Partners maintains a strong track record of backing innovative startups and guiding them towards significant milestones and successful exits.