Fundraising Fox

Pelion Venture Partners

Venture capital

Salt Lake City · Series A · 17 people tracked

Also known as PELION, INC

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Investment thesis

Early-stage B2B software investor across the US with a seven-person, experienced team, long track record since 1986, and a hands-on, collaborative approach to supporting portfolio companies.

Source: firm website, verified Aug 25, 2026.

Stage
Series A
Check
$1M – $20M
HQ
Salt Lake City, UT, US
Leads rounds
Follows
Instruments
Equity
Founded
1986
Last 12 months
6 investments
Private fund assets
$1.4B
VC funds
23
Tracked investments
31

Team · 17 people

from the firm's website & public directories
Susannah Duke· Principalin𝕏
Ally Hunter· Associatein
Brian Murphy· Senior Advisorin
Jack Cutler· Associatein
Katy Hymas· Associate𝕏

What they invest in

from 23 of 31 portfolio companies

AI & Machine Learning ×14SaaS ×12Enterprise Software ×7Developer Tools ×6Cloud Computing ×4Fintech ×4Consumer ×2Cybersecurity ×2

HQs:United States×26France×1

Investments · 31 tracked

founders shown can be your intro path

By year:2026 · 32025 · 52024 · 42023 · 12022 · 12017 · 22016 · 12015 · 22013 · 120 dated

Weave CommunicationsNYSE: WEAVMay 2025SEC filingmedium confidence

Lehi, US

Clint Berry(Executive Officer, Director)Jared S. Rodman(Executive Officer, Director)Brandon Rodman(Executive Officer, Director, Promoter)Marcus Bertilson(Executive Officer)Brett White(Executive Officer, Director)Jason Christiansen(Executive Officer)

Board seatBlake Modersitski· per SEC Form D · $9.8M raise · filed May 2025

Big Pandabigpanda.ioin𝕏Aug 2015✓ verified

BigPanda delivers agentic AI and automation for IT operations, helping enterprise IT teams detect, triage, and respond to incidents in complex hybrid cloud and modern software environments.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSMountain View, US

Assaf Resnick(CEO and co-founder)

BoardRobin Vasan(Director)inScott Tobin(Director)inShmuel Levy(Director)

Co-investorsBattery VenturesGreenfield PartnersInsight PartnersSequoia CapitalWells Fargo Strategic CapitalAkkadian Ventures+4 more

BusBot IncMay 2022SEC filingmedium confidence

New York, US

Shawn Vo(Executive Officer, Director)Bharath Krishnamoorthy(Executive Officer, Director)

BoardRuth Foxe Blader(Director)in

Board seatBlake Modersitski· per SEC Form D · $30M raise · filed Sep 2022

Co-investorsAnthemis Venture

Cyan RoboticsJul 2025

Culver City, US

Zachary Rash(Executive Officer, Director)

BoardBrad Squicciarini(Director)

Board seatJeff Kearl· per SEC Form D

Co-investorsOffline VenturesPelion Ventures

Mokimoki.comin𝕏Sep 2013SEC filingmedium confidence

Moki provides a device management platform for content-driven deployments such as digital menu boards, promotional signage, self-ordering kiosks, and lobby display networks, including scheduled content updates pushed to devices.

IoTRetail TechSaaSLehi, US

Thomas Karren(Executive Officer, Director)Ty Allen(Executive Officer, Director)

BoardNick Efstratis(Director)Blake Modersitzki(Director)Spencer Tall(Director)in

Board seatBlake Modersitski· per SEC Form D · $9.3M raise · filed Jun 2015

Co-investorsAllegisCyber CapitalBYU Cougar Capital

PrimaryDataprimarydata.comMar 2017SEC filingmedium confidence

Los Altos, US

Rick White(Executive Officer, Director)Lance L. Smith(Executive Officer, Director)David Flynn(Executive Officer, Director)

BoardBlake Modersitzki(Director)Itzik Parnafes(Director)inJeffrey Rothschild(Director)

Board seatBlake Modersitski· per SEC Form D · $22M raise · filed Apr 2017

Co-investorsBattery Ventures

Remi LabsJul 2024

Lehi, US

Douglas Barnett(Executive Officer, Director)

BoardTodd Pedersen(Director)Reno Mendenhall(Director)Brant Choate(Director)

Board seatTyler Hogge· per SEC Form D

Co-investorsCERVIN VENTURESY Combinator

SOASTAsoasta.comAug 2015

Mountain View, US

Thomas Lounibos(Executive Officer, Director)Peter Boyes(Executive Officer)Gamiel Gran(Executive Officer)

BoardClint Chao(Director)Blake Modersitzki(Director)John Balen(Director)in

Board seatBlake Modersitski· per SEC Form D

Co-investorsCanaan PartnersMacquarie Capital

TremusAug 2017SEC filingmedium confidence

Palo Alto, US

Kalpesh Kapadia(Executive Officer, Director)

BoardSaurabh Mittal(Director)Theresia Gouw(Director)in

Board seatBlake Modersitski· per SEC Form D · $13.4M raise · filed Jan 2018

Co-investorsAspect Ventures

Boomboxboombox.io𝕏

Boombox is an all-in-one platform for music makers that consolidates workflow tools for songwriting, production, distribution, and monetization in a single application.

AI & Machine LearningCloud ComputingCreator EconomySaaS

India Lossman(Co-Founder | CEO)Max Mathieu(Co-Founder | Head of Engineering)Tom Chavez(Co-Founder | Advisor)

Co-investorsUlu VenturesForerunner Ventures

Brandlightbrandlight.aiinFeb 2026 · $30M

Brandlight helps brands optimize their visibility and positioning in AI-driven search and recommendation systems.

AdTechAI & Machine LearningMarketing Tech

Imri Marcus(CEO)

Co-investorsG20 VenturesLG Technology VenturesCardumen Capital

Cactusoncactus.comin𝕏Nov 2025 · $7M

Cactus automates lead response and customer re-engagement for home service businesses, ensuring calls are answered within 60 seconds and dormant CRM contacts are converted into repeat bookings.

AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US

Ajith Govind(Co-Founder & CEO)inAvinash Joshi(Co-founder & CTO)in

Co-investorsY CombinatorRebel FundWellington Management

Cactus Computecactuscompute.comin𝕏Nov 2025 · $7M

Cactus Compute provides an on-device AI runtime for speech, vision, and text models that automatically routes between on-device and cloud inference based on complexity and audio quality.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSan Francisco, US

Roman Shemet(Founder)inHenry Ndubuaku(Founder)in

Co-investorsAntigravity CapitalTranspose Platform ManagementY CombinatorRebel FundWellington Management

Canopygetcanopy.cominMay 2024 · $35M

Canopy provides cloud-based, all-in-one practice management software for accounting firms, combining client management, CRM, document management, workflow, time and billing, engagements, and proposals with AI features.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Co-investorsHigh AlphaNew Enterprise Associates (NEA)NewView CapitalNycaNyca PartnersAnkona Capital+5 more

Canopy Taxcanopytax.cominMay 2024 · $35M

Canopy is a cloud-native, all-in-one practice management platform for U.S. accounting, CPA, tax, and bookkeeping firms, combining client management, documents, billing, workflow, and communication in one login.

AI & Machine LearningFintechSaaSSouth Jordan, US

Kurt Avarell(Executive Officer, Director, Promoter)Davis Bell(Executive Officer, Director)

BoardNed May(Director)Josh Harmsen(Director)inAnkit Sud(Director)inChetan Puttagunta(Director)

Co-investorsAnkona CapitalTenaya CapitalNew Enterprise Associates (NEA)NewView CapitalPelion VenturesTen Coves Capital

CodeRabbitcoderabbit.aiin𝕏Sep 2025 · $143M

CodeRabbit provides AI-powered code review tools for developers to improve software quality and efficiency in development workflows.

AI & Machine LearningDeveloper ToolsWalnut Creek, US

Harjot Gill(Executive Officer, Director)inGuritfaq Singh(Executive Officer, Director)inVishavjeet Kaur(Executive Officer)Alex Berkenkamp(Executive Officer)

Co-investorsCRV (Charles River Ventures)Flex Capital PartnersFoothill VenturesHarmony PartnersNVenturesScale Venture Partners+5 more

Formation Data Systemsformationds.com

Media & EntertainmentFremont, US

Mark Lewis(Executive Officer, Director)Eric Chan(Executive Officer)Andrew Jenks(Executive Officer, Director)

BoardCarl Ledbetter(Director)Robert Schwartz(Director)Anthony Bettencourt(Director)

Co-investorsThird Point VenturesMayfield FundThird Point

HM Bradleyhmbradley.comin

HMBradley was a consumer digital banking platform offering deposit and credit card products; the company has since pivoted to provide banking technology to established financial institutions.

Fintech

Zach

Co-investorsMucker CapitalSlow VenturesWestbound Equity PartnersCommerce VenturesIndex Ventures

Jumpjoin-jump.cominFeb 2026 · $80M

Jump provides an "portage salarial" (umbrella employment) platform for freelancers and independent professionals in France, automating invoicing, expense management, social charges, and tax declarations while giving them employee-style social benefits.

FintechFuture of WorkSaaS

Nicolas Fayon(Founder)in

Co-investorsBattery VenturesIndex VenturesKima VenturesRoosh VenturesAllianz Life VenturesCiti Ventures+2 more

Jumpjump.comin

Jump offers a platform for sports teams that combines ticketing, dynamic pricing, resale, loyalty, and fan experience into one connected system.

AI & Machine LearningSaaSSports Tech

Jordy Leiser(Founder)in

Co-investorsBoro CapitalBY Venture PartnersCourtside VenturesForerunner VenturesMastryMosaic General Partnership, LLC+4 more

Keen IOkeen.ioin𝕏

Keen is a fully managed event streaming platform that enables developers to collect, store, and analyze real-time data using APIs built on Apache Kafka, Storm, and Cassandra.

Cloud ComputingData & InfrastructureDeveloper ToolsSan Antonio, US

Dan KadorKyle WildRyan Spraetz

Co-investors500 GlobalHeavybitScaleworksStreamlined VenturesTechstarsUpslope Ventures+1 more

Monarxmonarx.comin𝕏

Monarx offers an AI-based security platform that detects, removes, and blocks malware and other threats on servers, including obfuscated, cloaking, and in-memory attacks.

AI & Machine LearningCybersecuritySaaSSalt Lake City, US

LUKE LANGFORD(Executive Officer, Director)Jonathan W. Gay(Executive Officer, Director)

BoardBEN DAHL(Director)inGAVIN CHRISTENSEN(Director)inMatthew Hoffman(Director)LOUIS BERYL(Director)

Co-investorsCrosscut VenturesKickstartPelion VenturesSignal Peak Ventures

Neuralaneurala.cominDec 2016

Neurala develops artificial intelligence technology for edge devices that learns from limited data in real-time without forgetting, embedded in products for enterprise customers across industries.

AI & Machine LearningHardwareBoston, US

Massimiliano Versace(Executive Officer, Director)Anatoly Gorshechnikov(Executive Officer)Heather Ames Versace(Executive Officer, Director)inAnatoli Gorchet(Founder)inRoger Matus(Executive Officer)

BoardBruno Bonnell(Director)

Co-investors360 CapitalBYU Cougar CapitalDraper AssociatesPerot JainRaptor GroupTechstars+4 more

Nursanursa.comin𝕏Dec 2023 · $80M

Nursa operates a marketplace platform that connects healthcare facilities with nurses and nursing assistants to fill per diem shifts on demand.

B2B MarketplacesHealthtechMarketplacesBountiful, US

Curtis Anderson(Executive Officer, Director)in

BoardAndrew Rigby(Director)

Co-investorsBYU Cougar CapitalDrive CapitalKickstart

Owlet Baby Careowletcare.comin

Owlet develops baby sleep monitoring devices and software that provide real-time wellness insights for infants.

ConsumerHealthtechIoTLehi, US

KURT WORKMAN(Executive Officer, Director)JORDAN MONROE(Director)Kurt Workman(Founder)inJordan Monroe(Founder)inSPENCER TAYLOR(Executive Officer)

BoardLIOR SUSAN(Director)in

Co-investorsEniac VenturesIPD CapitalOwl CapitalR/GA VenturesTechstarsThe Perkins Fund+4 more

Remiremihq.comin𝕏

Remi is a residential roofing company that provides roof replacement and repair services with a guaranteed upfront price and no mid-project cost changes.

Climate TechConstruction TechPropTechSaaSLehi, US

Doug Barnett(Founder)inBrant Choate(Founder)in

Co-investorsY Combinator

Rivetrivet.devin𝕏

Rivet provides infrastructure for AI agents and realtime applications, offering stateful compute primitives called Actors that run in Node.js or Bun backends.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Nicholas Kissel(Founder)inNathaniel Flurry(Founder)in

Co-investorsY CombinatorCatalyst Investors

Rivetrivet.designin𝕏

Rivet is a visual editor that lets product designers make UI changes and commit them directly to code, reducing the need for designer-engineer collaboration.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US

Sam Gorman(Founder)in

Co-investorsY CombinatorCatalyst Investors

SimpleCitizensimplecitizen.comin𝕏Acquired

SimpleCitizen provides digital immigration and visa solutions that guide applicants through the citizenship pathway using software and professional services.

ConsumerLegalTechSaaSSalt Lake City, US

Sam Stoddard(Founder/CEO)inAyde Soto(Founder/CTO)inBrady Stoddard(Founder/CMO)inAydé Soto Wright(Co-founder & CTO)

Co-investorsCampus Founders FundKima VenturesTSVCY Combinator

Strider TechnologiesinSep 2024 · $55M

South Jordan, US

Greg Levesque(Executive Officer, Director)Eric Levesque(Director)

BoardConstantine Saab(Director)Michael Janke(Director)Michael Allen Brown(Director)Byron Knight(Director)

Co-investorsValor Equity Partners

Upguardupguard.comin𝕏Feb 2026

UpGuard provides a platform for managing cybersecurity risk, including third-party vendor and supply chain risk assessment.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSMountain View, US

Alan Sharp-Paul(Executive Officer, Director)Michael Baukes(Executive Officer, Director, Promoter)Mike Baukes(Founder)inScott Petry(Director)Chris Cooper(Director)Hamish Hawthorne(Director)

Co-investors500 GlobalAugust CapitalSpringcoast Capital PartnersSquare Peg Capital

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 1

IPOs and acquisitions across the tracked portfolio

Weave CommunicationsNYSE: WEAV

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Pelion Venture Partners invest at?
Pelion Venture Partners invests at the Series A stage.
What is Pelion Venture Partners's typical check size?
Pelion Venture Partners typically writes checks of $1M – $20M.
What sectors does Pelion Venture Partners focus on?
Pelion Venture Partners focuses on Crypto & Web3.
Where is Pelion Venture Partners located?
Pelion Venture Partners is headquartered in Salt Lake City, US.
Does Pelion Venture Partners lead rounds?
Pelion Venture Partners typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

A Look Into Utah's Booming VC Scene | Blake Modersitzki, Pelion Venture Partners

Silicon Slopes · Blake Modersitzki

Ben Lambert, General Partner, Pelion Venture Partners | 2021 40 Under 40

Utah Business · Ben Lambert

Blake Modersitzki @ Pelion Venture Partners, Managing Partner

MentorStudents · Blake Modersitzki

Jeff Kearl @ Pelion Venture Partners, Managing Director

MentorStudents · Jeff Kearl

Co-investors · 97

Battery Ventures

Battery Ventures is a global investment firm that has backed more than 450 companies over its 40-year history, operating its investment staff as a single global unit.

$500K – $100M
New Enterprise Associates (NEA)

New Enterprise Associates (NEA) is a venture capital firm that invests in and provides long-term support to founders building new companies.

Both backed · 2
$200K – $40M
Mayfield Fund

Mayfield is a venture capital firm that invests in early-stage consumer and marketplace companies, backing founders from inception through IPO.

$500K – $12M
Forerunner Ventures

Forerunner Ventures is a venture capital firm that backs companies redefining consumer behavior, health, commerce, fintech, and AI-native products.

Both backed · 2
$1M – $20M
Tenaya Capital

Tenaya Capital is a venture capital firm that partners with entrepreneurs building enduring companies, focusing on growth-stage investments.

Both backed · 2
$5M – $10M
Kickstart

Kickstart is the Mountain West's first seed-stage venture fund, backing early-stage founders building companies in the region.

Both backed · 2
$250K – $3M
Ankona Capital

Ankona Capital invests $5 to $15 million in early-growth-stage B2B software companies generating $5 to $15 million in recurring revenues, supporting founders through the critical scaling phase with capital and operational expertise.

Both backed · 2
$5M – $15M
Canaan Partners

Canaan Partners is a venture capital firm with over 30 years of history, backing companies across technology and healthcare sectors through close, hands-on partnerships with founders.

Both backed · 1
$500K – $20M
Eniac Ventures

Eniac Ventures partners with early-stage founders, backing companies from 0 to 1.

Both backed · 1
$1.2M
Streamlined Ventures

Streamlined Ventures is an early-stage venture firm that partners with founders and invests at the seed stage to help build large-scale companies.

Both backed · 1
$100K – $1M
Scale Venture Partners

Scale Venture Partners is an early-stage venture capital firm that partners with AI companies, supporting their transition from founder-led growth to a scalable go-to-market operation.

Both backed · 1
$5M – $25M
Anthemis Venture

Anthemis is an investment firm focused on the digital economy, backing companies that reshape financial services and the broader economy for wider benefit.

Both backed · 1
$500K – $7M
85 more co-investors

Mango CapitalCommerce VenturesCrosscut VenturesSmash CapitalEngineering CapitalAllegisCyber CapitalValor Equity PartnersAlbum VCAndreessen HorowitzGeneral CatalystGV (Google Ventures)Craft VenturesBessemer Venture PartnersAccelUncork CapitalBenchmarkFelicis VenturesSV AngelFirst Round CapitalMenlo VenturesDCVC (Data Collective)Coatue ManagementB Capital GroupSapphire VenturesACME CapitalPartech VenturesLiquid VenturesGreycroftFifth WallAccel-KKRLookout VenturesEmergence Capital PartnersFlybridge Capital PartnersCota CapitalBond Capital ManagementInovia CapitalBonfire VenturesAcrew CapitalCrosslink CapitalTrinity VenturesRed Swan VenturesVenrockRidge Ventures01 AdvisorsUpfront VenturesBAM VenturesBanana CapitalTq Ventures LlcLightbank75 & SunnyShasta VenturesOperator CollectiveOutlander VCSaga VenturesRenegade PartnersZetta Venture PartnersDnx VenturesLead Edge CapitalPeakLobby CapitalTorch CapitalKohlberg Kravis RobertsJackson Square VenturesWhite Star CapitalBlue Owl CapitalAltimeter CapitalBlueRun VenturesFusionSLVCPeterson Venturesmuru-DDimension CapitalBioGeneration VenturesDeep Fork CapitalElectric AntAlpha EdisonAllerfund Ventures, LlcBryant StibelEnergy Capital VenturesBoosted CommerceAtlantic Vantage PointParkway Venture CapitalHonest GameTitletownTechWillow Growth Partners

Firms observed investing alongside Pelion Venture Partners, from public investor directories. Shared companies are the overlap with Pelion Venture Partners's recorded portfolio.

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