Pelion Venture Partners Closes Seventh Fund, at $365M
Summary
Pelion Venture Partners, a Cottonwood Heights, Utah-based venture capital firm with a proven national track record of investing in early stage technology companies, closed its seventh fund, at $365m. Led by Blake Modersitzki, managing director, Pelion invests in software companies across the United States, partnering with technology founders in B2B SaaS, fintech, marketplaces, cloud computing and security. Companies currently in Pelion’s Fund VII include robot delivery company Coco, sports platform Overtime, healthcare marketplace Nursa, investment platform Aumni, computing application Macrometa and payment platform Cacheflow. The new team members bring expertise into sectors such as consumer technologies, blockchain, crypto, and cloud infrastructure. Successful exits include Cloudflare, Divvy, Weave, Integral Ad Science and Owlet.