/Investors

Pelion Ventures

Venture capital

Salt Lake City · 8 people tracked

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848 people in our graph share verified history with the Pelion Ventures team — schools, employers, funds. One of them is your warm intro.

Erika Nashunlockedknows Chad Packard · together at Pelion Venture Partners (overlapped)
×4knows the team · via Pelion Venture Partners
knows the team · via Bookclub
×3knows the team · via vSpring Capital
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knows the team · via Rocky Mountain Venture Capital Association
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Fund manager profile

Pelion Ventures is a venture fund manager based in Salt Lake City. SEC filings show 4 venture funds on record, most recently Pelion Ventures VIII, L.P. ($247M offering) filed January 2025.

Source: SEC EDGAR Form D filings. Firm website data not yet available.

HQ
Salt Lake City, US
Founded
2015
Last 12 months
5 investments
Tracked investments
22
Unicorns
1
Acquisitions
1

Team · 8 people

from public directories
Carl S. Ledbetter· General Partner
Steve Glover· General Partner

What they invest in

from 15 of 22 portfolio companies

AI & Machine Learning ×9SaaS ×8Enterprise Software ×6Fintech ×4Crypto & Web3 ×2Cybersecurity ×2Consumer ×1Data & Infrastructure ×1

HQs:United States×13France×1Indonesia×1Mexico×1

Investments · 22 tracked

founders shown can be your intro path

By year:2026 · 12025 · 52024 · 42023 · 12022 · 12020 · 12018 · 22017 · 12016 · 117 dated

Luminousjoinluminous.comin✓ verified

Luminous is an operations platform for omnichannel commerce brands that unifies inventory, purchasing, fulfillment, and wholesale in one system across DTC and retail channels.

E-commerceEnterprise SoftwareLogistics & Supply ChainSaaS

Jared(Founder & CEO)inBrendon(CTO & Co-Founder)in

Co-investorsSerena VenturesSTARTUP IGNITION VENTURES

Canopy Taxcanopytax.cominMay 2024SEC filingmedium confidence

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)inDavis Bell(Executive Officer, Director)in

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

Board seatChad Packard· per SEC Form D · $20M raise · filed May 2024

Co-investorsAnkona CapitalTenaya CapitalBenchmarkDeep Fork CapitalEPIC VENTURESNew Enterprise Associates (NEA)+3 more

Cacheflowgetcacheflow.comin𝕏acquired by HubSpot

No-code quoting, approvals, and subscription checkout platform (acquired by HubSpot).

AI & Machine LearningFintechSaaSSales Tech

Co-investorsFirebolt Ventures Management Company, LlcGV (Google Ventures)NewBuild.VCNeythri Futures FundNotable CapitalGranite Asia

Divvydivvy.com𝕏May 2018 · $10.5M

INDOPLAY88 is an Indonesian digital media portal offering gaming news, game reviews, and gameplay tips for casual players and e-sports enthusiasts.

GamingMedia & Entertainment

Co-investorsNew Enterprise Associates (NEA)Summit Peak VenturesAndreessen HorowitzCaffeinated CapitalDFJGGV Capital+5 more

Divvydivvy.bet𝕏May 2018 · $10.5M

Divvy is an online sports betting platform where users place wagers on sports games using decimal or American odds, with options for singles and parlays.

ConsumerCrypto & Web3Sports Tech

Co-investorsBaseTwoAndreessen HorowitzCaffeinated CapitalGGV CapitalGICHanaco Venture Capital+6 more

Elasticaelastica.net

San Jose, US

BoardRobert Schwartz(Director)Rehan Jalil(Executive Officer, Director, Promoter)Navin Chadda(Director)Navin Chaddha(Director)in

Co-investorsCisco InvestmentsMayfield FundThird Point VenturesTitanium Ventures

Formantformant.aiinOct 2023

Formant provides a governed operating layer that connects frontier AI models, heterogeneous robotics hardware, and enterprise operations to run physical AI deployments in production.

AI & Machine LearningEnterprise SoftwareIoTRoboticsSan Francisco, US

Jeff Linnell(Founder)inJames Turnshek(Co-Founder & Chief Architect)in

Co-investorsBMW i VenturesIntel CapitalPICUS CAPITALSignalFireThursday VenturesEricsson Ventures+3 more

Honey Healthhoneyhealth.aiin

Honey Health builds custom AI staff (AI agents) trained on an organization's own workflows, provided alongside a dedicated success and tech team that handles onboarding, training, and ongoing support.

AI & Machine LearningEnterprise SoftwareSaaS

Matt Faustman(Founder)inXiao Zhang(Founder)in

Co-investorsStreamlined Ventures

Honey Healthjoinhoneyhealth.cominOct 2025 · $7.8M

Honey Health builds custom AI agent teams for organizations, trained on each client's own workflows and not shared across customers.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investors8-Bit CapitalBurst Capital

Kapital Bankkapital.mxin𝕏Sep 2025

Kapital is a financial services platform offering digital banking, payment processing, and investment products in Mexico.

FintechSaaSMexico City, MX

Rene Saul(Founder)inFernando Sandoval Oseguera(Founder)in

Co-investorsAccial CapitalBroom VenturesCervinColabora VenturesFoundersXFoundersX Ventures+9 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 Venture PartnersSignal Peak Ventures

Neuralaneurala.cominDec 2016 · $14M

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)inAnatoly Gorshechnikov(Executive Officer)Heather Ames Versace(Executive Officer, Director)inAnatoli Gorchet(Founder)inRoger Matus(Executive Officer)in

BoardBruno Bonnell(Director)

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

Protect AIprotectai.cominJul 2024 · $13.5M

Protect AI develops security solutions for artificial intelligence systems.

AI & Machine LearningCybersecurityEnterprise SoftwareSeattle, US

Ian Swanson(Executive Officer, Director, Promoter)inBadar Ahmed(Director)inDaryan Dehghanpisheh(Director)

BoardRichard Seewald(Director)inMark Kraynak(Director)inEd Sim(Director)in

Co-investors01 AdvisorsAcrew CapitalAviso Venturesboldstart venturesEvolution Equity PartnersSamsung Next+5 more

Vendeluxvendelux.comJul 2026 · $50M

Vendelux runs an AI-based event intelligence platform that helps B2B teams pick events, book meetings and attribute pipeline.

Long Island City, US

Alexander Reynolds(Executive Officer, Director)inRichard Stefan Deeran(Director)Alex Reynolds(Co-Founder, CEO)inStefan Deeran(Co-Founder, COO)in

Co-investorsCervinEarl Grey CapitalFirstMark CapitalHubSpot VenturesSignalFireTri-Valley Ventures+6 more

Vybevybe.buildin𝕏Dec 2025

Vybe builds AI coworkers and custom applications that automate repetitive operations tasks and integrate with existing team workflows through Slack and 3,000+ business integrations.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

Quang Hoang(Cofounder/CEO)inFabien Devos(Cofounder/CTO)in

Co-investorsFjor FoundersHAWKTAILOrange CollectiveY CombinatorFirst Round CapitalKevin Hartz

Vybevybenetwork.com𝕏Dec 2025 · $10M

VYBE Network provides real-time on-chain data and portfolio tracking for Solana traders and developers, offering historical wallet data, trading signals, and intelligence on top traders through APIs and a web dashboard.

Crypto & Web3Data & Infrastructure

Arun Dass(Founder)in

Co-investorsLemniscapRyze LabsFirst Round CapitalOrange CollectiveY Combinator

Vybevybecard.com𝕏Dec 2025 · $10MDefunct

Vybecard appears to be a payment or money-management product oriented toward teenagers, with content on how teens can get paid and manage money.

Fintech

Co-investorsTranspose Platform ManagementVibe CapitalApex CapitalFirst Round CapitalOrange CollectiveSerum+4 more

Yotascaleyotascale.cominOct 2020 · $13M

Founded by Asim Razzaq; Engineering Capital was first investor.

Fremont, US

Asim Razzaq(Executive Officer, Director)in

Co-investorsCrosslink CapitalEngineering CapitalFelicis VenturesPelion Venture Partners

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Cyan RoboticsLiveView Technologies, Inc.Neighbor Storage, Inc.LunchBadger

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

1 acquisitions

Cacheflowacq. by HubSpot

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Pelion Ventures made?
Pelion Ventures has 22 tracked investments, 1 of which have exited, including 6 dated in the last 24 months.
Where is Pelion Ventures located?
Pelion Ventures is headquartered in Salt Lake City, US.

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