Pelion Venture Partners

Overview

Salt Lake City venture firm that began in 1986 as Utah Ventures and took the Pelion name in 2010. It mainly leads Series A rounds in US tech companies, runs a seed program writing US$1-3M cheques, and follows on at Series B and C; roughly half of its recent investments have a Utah connection. Fund 8 was announced at US$500M in January 2025; Form D filings for the Fund VIII family show about US$375M in LP commitments, and in 2024 the firm became the first licensee under the SBA's revamped SBIC program with up to US$125M of matching leverage. In 2021 it took over management of the former Medici Ventures blockchain portfolio from Overstock.

Notable portfolio companies

• Cloudflare
• Divvy
• Fusion-io
• Owlet
• LiveView Technologies
• Redo
• Strider
• CodeRabbit

Funds

LPs on the record

7 private foundations list on their latest IRS Form 990-PF, and 1 other LP reports holding Pelion Venture Partners’s funds.

• Deseret Mutual Master Retirement Plan Corporate pension plan · 2 funds
• Larry H Miller and Gail Miller Family Foundation Private foundation · 2 funds
• George S and Dolores Dore Eccles Foundation Private foundation · 2 funds

5 more LPs are in the app. Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.

Firms whose LPs overlap

The firms sharing the most LPs on record with Pelion Venture Partners, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

• Mercato Partners 3 LPs in common
• Kickstart Capital, LLC 2 LPs in common
• Drive Capital LLC 2 LPs in common
• Cross Creek Advisors, LLC 2 LPs in common
• Crosslink Capital, Inc. 2 LPs in common

Find LPs for Pelion Venture Partners and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.

Reported fund performance

None of the public LP reports we track (Alameda County Employees' Retirement Association (ACERA), Alaska Permanent Fund Corporation (APFC), Alaska Retirement Management Board (ARMB), Andra AP-fonden (AP2), Arkansas Teacher Retirement System (ATRS), CalPERS, CalSTRS, Chicago Teachers' Pension Fund (CTPF), Colorado Public Employees' Retirement Association (Colorado PERA), Connecticut Retirement Plans and Trust Funds (CRPTF), Contra Costa County Employees' Retirement Association (CCCERA), District of Columbia Retirement Board (DCRB), Employees' Retirement System of Rhode Island (ERSRI), Employees' Retirement System of the State of Hawaii (HIERS), Enterprise Ireland (Seed and Venture Capital Scheme), European Investment Fund (EIF), Fire and Police Pension Association of Colorado (FPPA), Greater Manchester Pension Fund (GMPF), Illinois Growth and Innovation Fund (Illinois State Treasurer), International Finance Corporation (IFC), Ireland Strategic Investment Fund, Kentucky Public Pensions Authority (KPPA), KfW Capital, Korea Venture Investment Corp. (Foreign VC Investment Fund), LACERA, Los Angeles City Employees' Retirement System (LACERS), Maine Public Employees Retirement System (MainePERS), Merseyside Pension Fund, Minnesota State Board of Investment, Montana Board of Investments, NYC Board of Education Retirement System (BERS), NYC Employees' Retirement System (NYCERS), NYC Fire Pension Fund, NYC Police Pension Fund, NYC Teachers' Retirement System, Nebraska Investment Council, New Hampshire Retirement System (NHRS), New Jersey Division of Investment, New Mexico Educational Retirement Board (NMERB), New Mexico State Investment Council, New York State Common Retirement Fund, New York Ventures (Empire State Development), New Zealand Superannuation Fund, Norfund (Norwegian Investment Fund for Developing Countries), North Carolina Retirement Systems (NCRS), Orange County Employees Retirement System (OCERS), Oregon Growth Account (Oregon Growth Board), Oregon State Treasury (OPERF), Pennsylvania PSERS, Pennsylvania SERS, Public Employee Retirement System of Idaho (PERSI), Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS), San Bernardino County Employees' Retirement Association (SBCERA), San Diego County Employees Retirement Association (SDCERA), South Carolina Retirement System Investment Commission (RSIC), South Dakota Investment Council (South Dakota Retirement System), State Universities Retirement System of Illinois (SURS), State of Michigan Retirement System (SMRS), State of Wisconsin Investment Board (SWIB), Teachers' Retirement System of Oklahoma (OTRS), Teachers' Retirement System of the State of Illinois (TRS), Teachers' Retirement System of the State of Kentucky (TRS), Texas Municipal Retirement System, US International Development Finance Corporation (DFC), UTIMCO (Permanent University Fund), University of California, Washington State Investment Board, West Yorkshire Pension Fund (WYPF)) include this firm’s funds yet. Venture firms don’t publish returns; figures appear here when a public pension or endowment discloses them.