Pelion Venture Partners: Funding, Team & Investors

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Pelion Venture Partners: Funding, Team & Investors | Startup Intros

About

Pelion Venture Partners helps entrepreneurs and invests in early-stage B2B software-based companies.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 26, 2026	UpGuard	$75.0M c	Springcoast Capital Partners, Holger Staude, Holger Staude	August Capital, Square Peg Capital
Feb 24, 2026	Mojo AI	$10.0M Series B	Sean Ebert, Frame, Pelion Venture Partners	—
Feb 19, 2026	Jump AI	$80.0M Series B	Crissy Costa Behrens	Aaron Skonnard, Hans Tung, Ryan Anderson, Eric Thomes, Battery Ventures, Citi Ventures, F-Prime Capital, Peterson Partners, Sorenson Capital, TIAA Ventures
Feb 11, 2026	Brandlight	$30.0M Brandlight Series A	Pelion Venture Partners	G20 Ventures, Cardumen Capital, Cardumen Capital
Dec 11, 2025	Valinor	$13.0M Seed	Amino Collective, Brittany Walker, Harpoon Ventures, Pelion Venture Partners	Axel Ericsson, Charlie Songhurst, Kyle Harrison, Surya meda, Surya Midha
Dec 11, 2025	Vybe	$10.0M Seed	First Round Capital	Ami Vora, Jean-Denis Greze, Kevin Hartz, Mathilde Collin, Nicolas Dessaigne, Olivier Godement, Olivier Pomel, Shishir Mehrotra, Stephen Deasy, Surabhi Gupta, Tido Carriero, Tien Tzuo, Orange Collective, Pioneer Fund, Andrew Miklas
Nov 1, 2025	Cactus	$7.0M Seed	Sasha McKenzie, Y Combinator	Access Venture Partners, S28 Capital, Rebel Fund
Oct 9, 2025	Yendo	$50.0M Yendo Series B	Spice Expeditions, Nicholas Huber	Mark Cuban, Logan Green, Clocktower Technology Ventures, FPV Ventures
Oct 1, 2025	Weave	$20.0M Series A	—	A Capital, Album VC, Craft Ventures, Crosslink Capital, Gradient Ventures, Hack VC, Innovation Endeavors, Liquid 2 Ventures, Magnetic Ventures, Pareto Holdings, TSVC Capital, UpHonest Capital, Matt Garratt, U.S. Venture Partners, Y Combinator, Dmitry Dakhnovsky, Ronny Conway
Sep 4, 2025	Honey Health	$7.8M Seed	Tyler Hogge	8-Bit Capital, Burst Capital, Streamlined Ventures
Sep 1, 2025	Tern Group	$24.0M Series A	Notion Capital	468 Capital, Circle Ventures, DST Global, Iterative, Lightbank, Mercury Fund, Outrun Ventures, Presight Capital, RTP Global, Mato Peric, Galina Chifina, Lord David Prior, Tom Stafford, EQ2 Ventures, Leo Capital, LocalGlobe
Sep 1, 2025	Phases	$500K Seed	—	Antler, Brand Foundry Ventures, Conviction Partners, Jenny Fielding, Scott Hartley, IrishAngels, Motivate Ventures, Rev1 Ventures, Scale Asia Ventures, Uncork Capital, Y Combinator, Chris Smoak, Tom Blomfield
Sep 1, 2025	Luminal	$500K Seed	—	A Capital, Album VC, Craft Ventures, Crosslink Capital, Gradient Ventures, Hack VC, Innovation Endeavors, Liquid 2 Ventures, Magnetic Ventures, Pareto Holdings, TSVC Capital, UpHonest Capital, Matt Garratt, Y Combinator, Dmitry Dakhnovsky, Ronny Conway
Sep 1, 2025	Vector	$61.0M Series A	Pelion Venture Partners	Alumni Ventures, DNX Ventures, Goodwater Capital, Kickstart Fund, Nyca Partners, Soma Capital, Evan Cheng, Furqan Rydhan, Helen Liang, Hubert Thieblot, Konstantin von Unger, Matteo Franceschetti, Oliver Jung, Philippe Teixeira da Mota, Sahin Boydas, Scot Wingo, Tom Blomfield, Alumni Ventures, Dauntless Ventures, GSBackers, Harpoon Ventures, Lightspeed Venture Partners, Point72 Ventures, R7 Partners, Run Ventures, Shield Capital, Stony Lonesome Group, The Cambria Group
Sep 1, 2025	Kapital	$100.0M Series C	Tribe Capital, Pelion Venture Partners	5Y Capital, General Catalyst, Granite Asia, Infinite Capital, Paradigm, Pareto Holdings, Runa Capital, S28 Capital, Soma Capital, Summit Partners, Y Combinator, Arash Ferdowsi, Paul Graham, Ravi Grover, Shay Banon, Marbruck Investments, Tru Arrow Partners, Y Combinator
Aug 1, 2025	Profound	$35.0M Series B	Sequoia Capital	8VC, BoxGroup, Contrary Capital, DCM, Founders Fund, G2VP, General Catalyst, Giant Ventures, Insight Partners, IVP, Khosla Ventures, Kleiner Perkins, Lux Capital, Next47, Outlander Labs, Pareto Holdings, Quiet Capital, Renegade Partners, Saga, Scale Venture Partners, SNR, Susquehanna Capital, Thrive Capital, TPG, Abe Burns, Balaji Srinivasan, Bradley Horowitz, Chafic Kazoun, Karim Atiyeh, Sam Altman, Sam Nazarian, Scott Belsky, Teddy Citrin, Tom Steyer, Vivek Patel, Saga, South Park Commons
Jun 1, 2025	Coco	$80.0M Series B	—	8090 Industries, Andreessen Horowitz, Atomic, Felicis Ventures, Kapor Capital, Outlander Labs, Saga, SNR, Peter Chernin, TPG, XYZ Venture Capital, Aaron Levie, Abe Burns, Howard Schultz, Leonardo DiCaprio, Nick Caldwell, Sam Altman, Sam Nazarian, Tom Steyer, Max Altman, Ryan Graves, Offline Ventures
May 1, 2025	Seedflex Technologies	$3.0M Seed	—	468 Capital, 500 Startups, Iterative, Lightbank, Presight Capital
May 1, 2025	Agree.com	$7.0M Seed	Tyler Hogge	Alex, AngelList, Ballistic Ventures, Better Tomorrow Ventures, Cambrian Ventures, Conversion Capital, Era Ventures, Jenny Fielding, Scott Hartley, Everywhere Ventures (The Fund), Founders Fund, Matchstick Ventures, Mucker Capital, NFX, Sequoia Capital, Y Combinator, Alex Alpert, Matt Macinnis, Max Mullen, Mengxi Lu, Russ Heddleston, Will Szczerbiak, Gokul Rajaram, 8-Bit Capital, Blank Ventures, Firsthand Alliance, Hustle Fund, Singh Capital Partners, Sophia Amoruso
Apr 1, 2025	Canopy	$70.0M Series C	Viking Global Investors	Ankona Capital, Benchmark, Deep Fork Capital, GSR Ventures, High Alpha, Hustle Fund, Kindred Ventures, Matrix, Nyca Partners, Pareto Holdings, Louis Beryl, Tenaya Capital, Ten Coves Capital
Apr 1, 2025	Outtake	$17.0M Series A	CRV	10100, 2xN, Kevin Hartz, ACME Capital, Atomic, Benchmark, Cota Capital, Craft Ventures, Matt Ocko, Zachary Bogue, ENIAC Ventures, Expa, First Round Capital, Founder Collective, General Atlantic, Graph Ventures, David Krane, M.G. Siegler, High Alpha, Innovation Endeavors, Shawn Modarresi, K2 Global, Kapor Capital, Kleiner Perkins, LAUNCH, Lead Edge Capital, Long Journey Ventures, Lowercarbon Capital, Menlo Ventures, NextGen Venture Partners, Sequoia Capital, Structure Capital, Summit Partners, Techstars, The Hit Forge, Vayner RSE, Babak Nivi, Jay Z, Jeff Bezos, Jeremy Stoppelman, JOHN FANNING, John Kobs, Josh Spear, Khaled Helioui, Megan Quinn, MG Siegler, Scott Banister, Scott Belsky, Shervin Pishevar, Troy Carter, Nikesh Arora, William Ackman
Apr 1, 2025	Cy4Data Labs	$10.0M Series A	—	AXA Strategic Ventures
Apr 1, 2025	ecco	$7.0M Seed	—	Felicis Ventures, Kleiner Perkins, Monarch Collective, Upfront Ventures, Oliver Friedrichs
Mar 1, 2025	Needle	$2.0M Seed	468 Capital	Iterative, Lightbank, Presight Capital, Dimiter Tschawow, Mato Peric
Feb 3, 2025	Jump AI	$20.0M Series A	Dharmesh Thakker	Jelena Zec, Sorenson Capital

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Pelion Venture Partners.

Deep Dive

Pelion Venture Partners is an early-stage venture capital firm specializing in investments in B2B software-based companies that offer technology-enabled business solutions with scalable growth potential. Their mission centers on partnering with technology founders to build disruptive businesses that transform industries, providing not only capital but also expertise, time, and networks to support entrepreneurial success. Pelion primarily invests in sectors such as B2B SaaS, fintech, marketplaces, cloud computing, and security, focusing on startups across the United States with strong growth trajectories[1][2].

Founded in 1986 and based in Utah, Pelion has evolved from its original identity as Utah Ventures to become the oldest and largest early-stage venture firm in the state. Key partners include Managing Partner Blake Modersitzki, who joined in 2002 from Novell’s corporate venture capital division, helping shape Pelion’s current strategy and team. Over the years, Pelion has invested in nearly 100 companies and deployed close to $800 million in capital, with notable exits such as Cloudflare and Divvy. The firm recently raised $500 million for its eighth early-stage fund, demonstrating ongoing growth and commitment to backing innovative startups[1][2][4].

Core Differentiators

Unique Investment Model: Pelion emphasizes deep partnership with founders, combining financial investment with operational support, mentorship, and network access.
Network Strength: Leveraging a strong presence in Utah and expanding nationally, Pelion connects startups with experienced operators and industry experts.
Track Record: Nearly four decades of investing with successful exits including Cloudflare, Divvy, and Integral Ad Science.
Operating Support: The firm adds value beyond capital by providing hands-on guidance, exemplified by adding experienced professionals like Tyler Hogge, former SVP of Product at Divvy, as a Venture Partner[1][2].

Role in the Broader Tech Landscape

Pelion rides the wave of increasing demand for scalable, technology-driven business solutions in the B2B software space. The timing is favorable due to accelerating digital transformation across industries, growing adoption of cloud computing, and the rise of fintech and marketplace platforms. Pelion’s focus on early-stage companies positions it to influence the ecosystem by nurturing disruptive innovations that can reshape traditional business models and drive economic growth, especially within the burgeoning Utah tech scene[1][2].

Quick Take & Future Outlook

Looking ahead, Pelion is poised to continue expanding its influence by deploying its latest $500 million fund to back promising startups that align with emerging technology trends such as AI, cloud infrastructure, and fintech innovation. The firm’s commitment to founder-centric support and its strong regional roots in Utah provide a solid foundation for sustained impact. As digital transformation accelerates globally, Pelion’s role as a catalyst for early-stage B2B software innovation is likely to grow, further shaping the venture capital landscape and the broader tech ecosystem[1][2].

Sources

Deep Dive

Core Differentiators

Unique Investment Model: Pelion emphasizes deep partnership with founders, combining financial investment with operational support, mentorship, and network access.
Network Strength: Leveraging a strong presence in Utah and expanding nationally, Pelion connects startups with experienced operators and industry experts.
Track Record: Nearly four decades of investing with successful exits including Cloudflare, Divvy, and Integral Ad Science.
Operating Support: The firm adds value beyond capital by providing hands-on guidance, exemplified by adding experienced professionals like Tyler Hogge, former SVP of Product at Divvy, as a Venture Partner[1][2].