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Announcing Pelion’s Latest Fund
Tue Jan 28 2025 by Tyler Hogge
Pelion is excited and grateful to share that we’ve raised $500m for our 8th
venture fund. As a part of the announcement, we thought it would be fun to share
a little about our firm’s history, what we plan to do with the funding to serve
the entrepreneurs we partner with in Utah and beyond, and why w......
News
Why We Invested In Strider
Wed Sep 11 2024 by Pelion
Strider Technologies: The Category-Defining Intelligence Powerhouse You Haven’t
Heard Of (Yet)
Utah has quietly become home to what we believe will become one of the most
critical, category-defining technology companies of our time: Strider
Technologies (Strider). You may not have heard of them ...
News
Pelion's Seed Investment Program
Tue Aug 27 2024 by Tyler Hogge
We’re excited to share a few announcements about our plans to invest at the seed
stage at Pelion.
But first, some quick context.
Pelion has been around for over 30 years and, throughout its history, has always
made seed investments in addition to our core focus on Series A and B.
For ex...
News
The Redo Opportunity
Tue Aug 20 2024 by Tyler Hogge
Redo announced some incredible things today: a $24m dollar series A from great
investors, unbelievable revenue growth over the past 18 months, a suite of 4
live products on the Redo platform (so far), over 1,500
delighted customers (growing rapidly every month) with some of the most
impressive brand...
News
Why We Invested in Remi
Tue Aug 06 2024 by Tyler Hogge
Remi announced a $21m Series A today, led by Pelion, after an incredible year of
650% growth and strong profitability. I am extremely excited to join the board
along with Todd Pederson, who is one of Utah’s best-ever entrepreneurs, and who
is making one of his largest personal investments. Remi now ...
News
Pelion Venture Partners Promotes Tyler Hogge to Partner
Fri Jul 19 2024 by Pelion Venture Partner
Pelion Venture Partners Promotes Tyler Hogge to Partner
SALT LAKE CITY — July 19, 2024 — Pelion Venture Partners is thrilled to announce
the promotion of Tyler Hogge to Partner, after he joined Pelion as a Venture
Partner in January 2023. Tyler brings a wealth of operating experience to Pelion
a...
News
Why We Invested In Jump
Wed Jun 12 2024 by Tyler Hogge
Jump announced today that they’ve raised $4.6m from Sorenson, Pelion, and other
angels to bring incredible AI experiences to financial advisors. We are fired up
about what Parker, Tim, and Adam are building, and I thought I’d share a few
reasons why.
Since OpenAI launched in late 2022 it’s clear...
News
Pelion Venture Partners of Salt Lake City secured up to $125 million in matching funds from the U.S. Small Business Administration
Fri Mar 01 2024 by Bailey DeVries
Pelion Venture Partners of Salt Lake City secured up to $125 million in matching
funds from the U.S. Small Business Administration.
Why it's the BFD: Pelion is the first licensee under a plan SBA launched last
summer to modernize the Small Business Investment Company (SBIC) program, thus
opening...
News
Pelion Launches "Build Utah" Initiative
Fri Jun 30 2023 by Sterling Snow
BUCKLE UP.
This is a fun one.
As we all know, building is hard.
Building a business, a family, a career, it's all hard.
But we owe every ounce of progress humans have ever made to people who build.
I'll get to the point.
Where the old Divvy billboard used to shout out custome...
News
Owlet announces clearance from the FDA of BabySat™, Owlet's first medical pulse-oximetry device featuring its advanced, wire-free sock design.
Fri Jun 30 2023 by Owlet
LEHI, Utah — June 20, 2023 — Owlet (NYSE: OWLT, “the Company”), the pioneer of
smart baby monitoring, announces clearance from the U.S. Food and Drug
Administration (“FDA”) of BabySat™, Owlet's first medical pulse-oximetry device
featuring its advanced, wire-free sock design. Owlet is a leader in in...
News
J.P. Morgan To Acquire Aumni, a Leading Provider of Investment Analytics Softwares For Venture and Private Market Investors
Thu Apr 06 2023 by Tasha Pelio, J.P. Morgan
J.P. Morgan (NYSE: JPM) announced today that it has entered into a definitive
agreement to acquire Aumni, a leading provider of investment analytics software
to the venture capital industry. Financial terms of the transaction were not
disclosed and closing is expected in the first half of 2023.
...
News
Pelion Venture Partners Names Roy Banks as a Venture Partner
Thu Mar 02 2023 by Pelion Venture Partners
Most recently, Banks was Chief Executive Officer at Utah-based Weave and led the
firm’s Initial Public Offering on the New York Stock Exchange in November 2021,
the first
Black CEO to do so in Utah. A veteran of the U.S. Navy, Banks has served
as CEO or President five times during his career and i...
News
Utah-based Pelion Venture Partners Snags Former Divvy SVP of Product, Tyler Hogge, As Its Newest Venture Partner
Thu Jan 19 2023 by Pelion Venture Partners
Hogge led the product and risk organizations at Divvy as SVP of Product through
its $2.5 billion acquisition by BILL. Prior to Divvy, Hogge led core product
teams at Wealthfront, spent time at SaaStr and Andreessen Horowtiz, and led
sales for Clearwater Analytics. Since the Divvy acquisition, he has...
News
Rick Ross Looks To Web3 In Building Deeper Relationships With Fans
Wed Dec 14 2022 by Sophie Waldman, HypeMoon
HitPiece has collaborated with the multiplatinum superstar rapper and
entrepreneur, Rick Ross to launch limited edition NFTs aimed at building new
engagement for the artist and his fans.
The music-driven NFT platform and metaverse experience builder, HitPiece is
releasing 200 NFTs for Rick Ross ...
News
Harmonic helps investors query the startup searches of their wildest dreams
Wed Dec 14 2022 by Natasha Mascarenhas, TechCrunch
Siri, show me fintech companies, founded in the last two years, that haven’t
raised over the past year but have grown headcount by 100% in the same time
frame; and can it be founded by Stanford alumni whose Twitter traction has grown
by at least 50% in the last six months?
This is Harmonic’s vis...
News
From Operator to VC: 5 Tips on How To Pitch or Present Like a Badass in the Boardroom
Fri Nov 04 2022 by Kristy Muir, Pelion Venture Partners
I’m less than a month into VC and unraveling from more than a decade operating
in startups and enterprise, my most recent years spent as a senior executive
managing global CX teams, thousands of customers, M&A, and reporting within two
PE firms. I’m currently stradding a strange limbo of what feels ...
News
Open Raven Raises $20M in Series B from Pelion Ventures, Kleiner Perkins, and Upfront Ventures
Mon Oct 03 2022 by Andy Singer, OpenRaven
LOS ANGELES, September 8, 2022 – Open Raven – the data security posture
management company helping enterprises prevent leaks, breaches, and compliance
incidents – announced it raised $20M in Series B funding. The round was led by
Pelion Ventures with participation from existing investors Kleiner Per...
News
Denim, a fintech platform for freight brokers, raises $126M in equity and debt
Tue Sep 20 2022 by Kyle Wiggers, Tech Crunch
Denim, the fintech platform for freight and logistics formerly known as Axle
Payments, today announced that it raised $126 million in a Series B funding
round led by Pelion Venture Partners with participation from Crosslink Capital,
Anthemis, Trucks VC, FJ Labs, Tribeca Early Stage Partners and Refa...
News
Continuum Raises $12M To Build The Fractional Executive Marketplace
Thu Jul 14 2022 by Frederick Daso, Forbes
Traditional employment models are not flexible enough to meet the needs of the
most in-demand executives. These seasoned practitioners want optionality and
career development outside of traditional career development. Nolan Church
(former Chief People Officer at Carta) and Greg White (former Head of...
News
Rivet Raises $20.5 Million Series B Led by Catalyst Investors
Mon Jul 04 2022 by Rivet
SALT LAKE CITY & NEW YORK, JUNE 21, 2022 – Rivet, the modern healthcare billing
platform, raised $20.5 million in a Series B funding round led by growth equity
firm Catalyst Investors with participation from co-investor Ankona Capital and
existing investors Menlo Ventures, Pelion Venture Partners an...
News
LiveView Technologies Raises $50 Million Series B
Wed Jun 15 2022 by Mark Tullis
LiveView Technologies (LVT), a manufacturer of intelligent safety and security
ecosystems, raised a $50 million Series B. The round was led by Sorenson
Capital (Lehi, Utah), with participation from new investor, The Larry H. Miller
Group (Utah), with Lead Edge Capital (New York) and Pelion Venture
P...
News
Digital credit card startup Deserve wins $250M Goldman Sachs-led financing
Wed May 11 2022 by Cromwell Schubarth
Goldman Sachs Group Inc. led a consortium of banks that gave Deserve Inc. a
credit facility, according to an announcement on Wednesday. Cross River, a New
Jersey financial services company, and New York-based NewWaterfall Asset
Management also participated in the deal.
The new financing comes af...
News
2024's top player Naasir Cunningham picking Overtime Elite could be a game-changer
Mon Apr 25 2022 by Travis Branham, 247 Sports
Naas Cunningham, the No. 1 overall recruit in the 2024 class, is heading to
Overtime Elite, he told ESPN's Jonathan Givony. With that, the quickly changing
landscape of high school basketball and college alternatives during the NIL era
has taken another turn.
While that news is notable in itself...
News
BigPanda Wins Bronze Award in 16th Annual Stevie Awards for Sales and Customer Service
Tue Apr 12 2022 by BigPanda
SAN FRANCISCO, April 12, 2022 (GLOBE NEWSWIRE) -- BigPanda, Inc., the leader in
AIOps Event Correlation and Automation, announced it was presented with a Bronze
Stevie® Award in the customer service department of the year category in the
16th Annual Stevie Awards for Sales and Customer Service. This...
News
Sports Video Tech Company Trace Raises $47 Million Series C Round, Valued At $190 Million
Tue Apr 12 2022 by Tim Casey, Forbes
Trace, a sports video technology company focused on making personalized
highlights of youth athletes, has raised $47 million in a Series C round.
The funding gave Trace a $190 million post-money valuation, five times higher
than following its previous round, according to David Lokshin, the company’...
News
Coco Bolsters Leadership Team with Top Executives Amid Rapid Nationwide Expansion
Wed Mar 30 2022 by Coco
Coco, the LA-based remotely piloted delivery service, continues to build out its
expert leadership team, bringing on executives from DoorDash, Lyft, Eaze,
Amazon, Google and more amid its rapid nationwide expansion. The new hires
include Sahil Sharma as Chief Operating Officer, Pete Quinn as Vice Pr...
News
Utah Business Honors Roy Banks as a CEO of the Year
Thu Mar 10 2022 by Kali Geldis, Weave
LEHI, Utah--(BUSINESS WIRE)--Weave CEO Roy Banks (NYSE: WEAV) has been named as
a CEO of the Year by Utah Business magazine.
Every year, Utah Business honors a select group of CEOs who have led their
organizations with strength, courage, and endurance and have made it their
mission to change the...
News
Medici Ventures is now part of Pelion Ventures Partners
Mon Apr 26 2021 by Pelion Venture Partners
Overstock is a limited partner in blockchain fund
SALT LAKE CITY, April 26, 2021 (GLOBE NEWSWIRE) — Overstock.com,
Inc. (NASDAQ:OSTK), today announces it has closed its blockchain fund
transaction with Pelion Venture Partners, a third-party venture capital firm
with a proven track record of succ...
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