Pelion Venture Partners
Venture capital firm; led Strider Technologies' $55M Series C (Sept 2024).
Early-stage venture capital firm based in Salt Lake City, Utah, founded in 1986 as Utah Ventures by Jim Dreyfous and rebranded Pelion Venture Partners in 2010. Leads Series A rounds — also investing in seed, Series B, and C rounds — with roughly half of recent investments having Utah ties. Manages ~$1.5B in AUM across eight funds, including a $500M Fund VIII closed January 2025, the largest VC fund raised by a Utah-based firm; the $55M Strider Technologies Series C check (Sept 2024) was the largest single investment in the firm's history.
Overview
- Firm
- Pelion Venture Partners
- Headquarters
- Salt Lake City, UT
- Founded
- 1986
- AUM
- $1.5B+ (across 8 funds; Fund VIII: $500M, closed Jan 2025)
- Stages
- Seed, Series A, Series B, Series C
- Thesis
- Frames Utah as entering a "Wave 5" of tech-ecosystem maturity — comparable to Silicon Valley roughly 25 years ago — driven by university talent pipelines, early exits recycling capital into new angel investors and operators, and anchor venture funds like Pelion itself.
Portfolio companies1
Frequently asked
- What is Pelion Venture Partners?
- Frames Utah as entering a "Wave 5" of tech-ecosystem maturity — comparable to Silicon Valley roughly 25 years ago — driven by university talent pipelines, early exits recycling capital into new angel investors and operators, and anchor venture funds like Pelion itself.
- How much does Pelion Venture Partners manage?
- Pelion Venture Partners manages $1.5B+ (across 8 funds; Fund VIII: $500M, closed Jan 2025) in assets, and was founded in 1986.
- What stages does Pelion Venture Partners invest at?
- Pelion Venture Partners invests at Seed, Series A, Series B, Series C.
Tags
Sources & citations3
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
Pelion closed its $500M Fund VIII, the largest VC fund ever raised by a Utah-based firm
Pelion Venture Partners: Pelion closes $500M Fund VIIIVerified2025-01-28 - 2
Pelion Venture Partners announces $500 million eighth fund
Cooley: Pelion Announces $500 Million Eighth FundVerified2025-01-28 - 3
Strider Technologies raised $55 million in Series C funding led by Pelion Venture Partners
PR Newswire: Strider Technologies Raises $55 Million in Series C Funding Led by Pelion Venture PartnersVerified2024-09-12