Pelion Venture Partners announced yesterday that it had closed its latest venture fund back in October, landing $365 million in financing versus the $250 million it had originally sought.
Cottonwood Heights, Utah-based Pelion traces its roots back to 1986 with the formation of Utah Ventures, making Pelion one of the oldest investment / venture capital firms in Utah.
As noted in its news release, several investments have already been made by Pelion with this seventh fund, including placements with
- Cacheflow (A payment platform),
- Coco (A robot delivery company),
- Macrometa (A computing application), and
- Overtime (A sports platform).
Look for more news from Pelion and its portfolio companies in the weeks ahead.
