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.

You’ve successfully subscribed to Silicon Slopes Newsroom
Welcome back! You’ve successfully signed in.
Great! You’ve successfully signed up.
Your link has expired
Success! Check your email for magic link to sign-in.