Pelion Venture Partners

Pelion Venture Partners is a venture capital firm founded in 1986 and based in Salt Lake City, Utah, making it one of the oldest and most established venture firms outside Silicon Valley. It focuses on early-stage B2B software companies with scalable growth potential. The firm emphasizes a hands-on, collaborative approach, working closely with portfolio companies throughout the investment lifecycle and leveraging its extensive network of technology executives to support strategic and tactical growth beyond capital alone. Pelion's focus spans enterprise software, cybersecurity, cloud infrastructure, fintech, and SaaS, with a particular concentration in the Mountain West tech corridor. Notable investments and exits include Cloudflare, Divvy (acquired by Bill.com), Integral Ad Science, Health Catalyst, Weave, and CodeRabbit. The firm typically invests at seed through Series B stages, with check sizes generally ranging from $1M to $10M depending on the round. Its investment criteria favor founders with strong leadership, clear vision, and disruptive B2B technology solutions built for scalable, long-term growth.