About Pelion Venture Partners
Pelion Venture Partners is a venture capital firm founded in 1986. It is primarily based out of Salt Lake City, United States. As of Aug 2026, Pelion Venture Partners is an active investor, having invested in 177 companies, with 10 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Enterprise Infrastructure and High Tech. Most recently it participated in the $***** Seed round of Apollo Atomics Overall, Pelion Venture Partners portfolio has seen 4 unicorns, 5 IPOs and 69 acquisitions including key companies like CloudFlare, VMware and Owlet. A lot of funds co-invest with Pelion Venture Partners, with names like Kickstart Seed Fund sharing a substantial percentage of its portfolio. Pelion Venture Partners has team of 13 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 6 more
Portfolio Unicorns
Deals in last 12 months
Pelion Venture Partners' List of Top Investments
Pelion Venture Partners has a portfolio of 177 companies, including 4 unicorns. Their most notable investments are in PivotLink and Britive.Their portfolio spans across United States, Australia, Canada and 8 more locations. They have invested in Enterprise Applications, Enterprise Infrastructure, High Tech and 29 other sectors, across stages such as Seed, Series A and 6 more. Here is the list of top investments by Pelion Venture Partners:1. CloudFlare
Provider of cloud services for security, performance, and application development. The company delivers networking, security, and performance services through its connectivity cloud platform. It offers solutions for application security, application performance, and network services. The company's platform supports businesses in modernizing networks, securing workspaces, and optimizing web experiences.
Key facts about CloudFlare
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $332M
- Employee Count: 7,964 as on Aug 31, 2026
- Investors: HTIF, Fidelity Investments and 17 Others
- Latest Funding Round: Post IPO, Aug 2021, $*****
- Highlight: Public
2. VMware
Cloud based orchestration solutions. It enables running any app on any cloud on any device through the solutions for modern apps, multi-cloud, and digital workspace. It transform data centers into aggregated computing infrastructures with VMware vSphere, its virtualization platform.
Key facts about VMware
- Founded Year: 1998
- Location: Palo Alto (United States)
- Annual Revenue: $1B+ as on Jan 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $596M
- Employee Count: 10,643 as on Jul 31, 2026
- Investors: Intel, Founders Circle Capital and 32 Others
- Latest Funding Round: Grant (prize money), Jan 01, 2021, $*****
- Highlight: Acquired
3. Owlet
Provider of wearable socks for baby monitoring. The smart socks helps to monitor the babys heart rate, respiration and the user can check in on baby through a mobile device, cam-streams audio and video of the baby to the smartphone, and band. The band is a pregnancy tracker solution which helps to track the babys wellness.
Key facts about Owlet
- Founded Year: 2013
- Location: Lehi (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $55M
- Employee Count: 367 as on Aug 31, 2026
- Investors: Western Technology Investment, GR Capital and 32 Others
- Latest Funding Round: Post IPO, Feb 17, 2023, $*****
- Highlight: Public
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4. Confluent
Provider of a platform for data streaming and event processing. The platform allows organizations to stream data continuously in real time, connect systems, and process events. It offers tools for building applications, data streaming pipelines, and integrating data across ecosystems. The platform supports data governance, reliability, and security.
Key facts about Confluent
- Founded Year: 2014
- Location: Mountain View (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $456M
- Employee Count: 5,603 as on Aug 31, 2026
- Investors: HTIF, Sprout Capital Partners and 22 Others
- Latest Funding Round: Series E, Apr 21, 2020, $*****
- Highlight: Acquired
5. Domo
Provider of an AI and data products platform for businesses. The platform integrates data sources, prepares data, and builds AI-powered tools. It offers business intelligence, data integration, and workflow automation. The platform provides tools for data analysis, trend identification, and decision-making. It also offers secure data products and conversational AI capabilities.
Key facts about Domo
- Founded Year: 2010
- Location: American Fork (United States)
- Stage: Public
- Total Funding till date: $730M
- Employee Count: 1,261 as on Aug 31, 2026
- Investors: Meritech, Glynn Capital and 37 Others
- Latest Funding Round: Series D, Dec 05, 2017, $*****
- Highlight: Public
Pelion Venture Partners' Year-on-Year Investment Trends
Pelion Venture Partners has invested in 177 companies over the last 27 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 17 investments, while as of Aug 2026, it has made 8 investments in this year. Its most recent first time investment was in Apollo Atomics and most recent follow-on round was in CodeRabbit.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 3 | 8 |
2025 | 13 | 4 | 17 |
2024 | 5 | 2 | 7 |
2023 | 4 | 4 | 8 |
2022 | 11 | 2 | 13 |
2021 | 8 | 11 | 19 |
2020 | 5 | 2 | 7 |
2019 | 1 | 8 | 9 |
2018 | 13 | 4 | 17 |
2017 | 5 | 4 | 9 |
Pelion Venture Partners' Investments by Stage
Pelion Venture Partners has made 42 investments in Seed stage with an average round size of $5.54M, 36 investments in Series A stage with an average round size of $12.9M and 33 investments in Series B stage with an average round size of $27.8M.Stage of entry | No. of Investments |
|---|---|
Seed | 42 |
Series A | 36 |
Series B | 33 |
Series C | 8 |
Series D | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
Pelion Venture Partners' Investments by Sector
Pelion Venture Partners has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, FinTech, High Tech and Consumer. Notably, it has invested in 145 Tech companies, 131 Enterprise (B2B) companies, 107 Software companies and at least 61 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 80 |
Enterprise Infrastructure | 34 |
FinTech | 22 |
High Tech | 17 |
Consumer | 14 |
Others | 96 |
Note: We have considered here, only first round of investments
Pelion Venture Partners' Investments by Geography
Pelion Venture Partners has made most investments in United States (118), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 118 |
Canada | 1 |
China | 1 |
Israel | 1 |
Mexico | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Pelion Venture Partners' recent investments
Pelion Venture Partners has made 8 investments in 2026 so far. Apollo Atomics and CodeRabbit are the latest among them.Here are the most recent investments by Pelion Venture Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 20, 2026 | United States | Seed | 8070 | [+10] | |
Aug 12, 2026 | United States | Series C | 2041 | [+10] | |
Jul 08, 2026 | United States | Series B | 5895 | ||
Jun 10, 2026 | United States | Series B | 3876 | [+1] | |
Apr 14, 2026 | United States | Seed | 3118 |
Unicorns in Pelion Venture Partners' Portfolio
Pelion Venture Partners has 4 unicorns in its portfolio - CodeRabbit, BigPanda, MX and others. The most recent unicorn in their portfolio is CodeRabbit. It became a unicorn in 2026.Here is a list of unicorns in Pelion Venture Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | AI powered code review platform | 2023 | San Francisco | Series C | oyfy{uo | ||
70 | Cloud based IT infrastructure monitoring software | 2012 | Redwood City | Series E | zqks{n{ | ||
69 | Provider of data-driven analytics and open banking API for businesses | 2010 | Lehi | Series C | lwj{foh | ||
68 | Online platform providing investment and trading solutions for private securities and digital securities | 2014 | Salt Lake City | Series B | miiics{ |
IPOs and Publicly Listed companies in Pelion Venture Partners' Portfolio
5 of Pelion Venture Partners' portfolio companies have become public. Coveo got listed on the Toronto Stock Exchange (TSX), in Nov 2021 at marketcap of $161M and Owlet got listed on the New York Stock Exchange (NYSE), OTC Markets (OTCMKTS).Here are Pelion Venture Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 18, 2021 | Sep 06, 2018 | Series E | 9578 | |
Nov 05, 2020 | May 08, 2018 | Series B | 2020 | |
Sep 13, 2019 | Nov 23, 2009 | Series A | 8042 | |
Jun 29, 2018 | - | - | 1613 | |
May 07, 1999 | - | - | 5312 |
Acquired companies in Pelion Venture Partners' Portfolio
69 companies from Pelion Venture Partners' portfolio have been acquired. The most recent acquisition was Weave in Aug 2026 by Francisco Partners for $*****.Here are Pelion Venture Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 18, 2026 | Mar 21, 2016 | Series B | 1272 | |
Dec 08, 2025 | - | - | 2324 | |
Oct 21, 2025 | Mar 09, 2018 | Seed | 5740 | |
Sep 24, 2025 | Apr 13, 2012 | Series C | 3635 | |
Aug 19, 2025 | Sep 15, 2022 | Series B | 1395 |
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Team profile of Pelion Venture Partners
Pelion Venture Partners has a team of 13 members including 5 Partners and 1 Principal located in United States. Pelion Venture Partners' team sits on the board of 2 companies.Here is a list of top team members in Pelion Venture Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Salt Lake City | - | ||
Partner | Salt Lake City | - | - | |
Partner | Salt Lake City | |||
Partner | Salt Lake City | - | - | |
Partner | Cottonwood Heights | - | ||
Principal | Salt Lake City | - |
Co-investors of Pelion Venture Partners
Over the past 27 years, 894 investors have co-invested in Pelion Venture Partners's portfolio companies. This includes funds and angels.
- Invested before Pelion Venture Partners: New Enterprise Associates, Album VC and 309 others have invested in rounds before Pelion Venture Partners. There are 5 companies where New Enterprise Associates has invested before Pelion Venture Partners and 4 companies where Album VC has invested before Pelion Venture Partners.
- Top Co-investors of Pelion Venture Partners: 380 investors entered a company along with Pelion Venture Partners. These include investors like Kickstart Seed Fund (6 companies).
- Invested after Pelion Venture Partners: A total of 203 investors have invested in Pelion Venture Partners's portfolio after their investments. Top Investors include Insight Partners (3 companies), New Enterprise Associates (2 companies) and CapitalG (2 companies).
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