At a Glance
Pelion Venture Partners was founded in 2014 as a Salt Lake City-based venture capital firm specializing in B2B software companies across the Mountain West region and beyond. The firm was established by a team of experienced operators and investors who recognized the emerging strength of the Utah tech ecosystem. Pelion focuses primarily on Series A and Series B investments in enterprise software, SaaS, and technology-enabled services companies. The firm is known for its hands-on operational approach, working closely with portfolio companies to accelerate growth through strategic guidance, talent acquisition, and market expansion. Notable investments include unicorns like Divvy (acquired by Bill.com), Weave, and Health Catalyst, demonstrating their ability to identify and scale high-growth B2B software companies. Pelion's investment strategy emphasizes companies with strong unit economics, proven product-market fit, and significant market opportunities, typically investing $5-15M in initial rounds with the ability to lead follow-on investments.
“Invests in B2B software companies with proven product-market fit and strong growth potential.”
Pelion Venture Partners primarily invests at the Series A, Series B+ stages. This means they focus on companies that are scaling their go-to-market after proving product-market fit.
Pelion Venture Partners is headquartered in Salt Lake City, UT. Many of their portfolio companies are also based in this region, though they invest across geographies.
Pelion Venture Partners focuses on investments in Enterprise, SaaS. Their portfolio reflects deep expertise and networks within these sectors.
Pelion Venture Partners's typical investment check size ranges from $3M to $15M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Pelion Venture Partners manages approximately $400M in assets under management (AUM) across their funds.
