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.

All funds

FundVerified

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

CompanyStrider TechnologiesCounterintelligence and supply-chain risk intelligence platform for governments and enterprises.

Partners1

FounderJim DreyfousFounding Partner, Emeritus of Pelion Venture Partners (founded as Utah Ventures in 1986); now retired from active fund management and investing as an angel investor.

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.

Sources & citations3

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