Pelion Venture Partners Raises $365 Million in its Latest Fund

David Politis -

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.