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Pelion Venture Partners

Pelion Venture Partners

U.S-based venture capital firm funding IT and life sciences companies in Western U.S.

Pelion Venture Partners, formerly known as UV Partners, is a venture capital firm founded in 1986. The firm was founded by Blake Modersitzki. Its headquarters is located in Salt Lake City, Utah although it also has an office in Manhattan Beach, California. As of March 2019, the firm has 49 companies in its portfolio and has sold off its ownership in 85 companies. Its most recent investment was in Monarx, Inc. in February 2019, a company providing web shell protection for content management systems.

Funding

Pelion Venture Partners focuses on funding companies in the field of information technology (IT) and life sciences. The firm seeks to invest in companies that are based in the Western parts of the United States. It provides capital for companies at various stages of financing, from seed to mid ventures. Its most recent funding round was held in July 2015, raising $240 million.

Timeline

Funded Companies

21 Results
Company
Company
Description
Description
Website
Website
Industry
Industry
Location
Location

A web performance and security company providing services for the protection and acceleration of websites online.

Firefly is a mobility based advertising and data platform that allows rideshare drivers to make money through digital advertising.

Weave is a communication company that enables practitioners increase and maintain their patients.

Deserve Credit Cards offers card options to students, professionals, new to country, and those on work visas.

Bitcasa is a cloud computing company.

MX is a data company that serves financial institutions and fintech companies.

OpenLogic is an enterprise software company.

Replay Solutions is a Redwood City, California-based software company.

SOASTA is a Mountain View, California-based company.

Unifi Software is a San Mateo, California-based artificial intelligence company.

Astound is an enterprise software company.

Associated investment funds

5 Results
Investment Fund
Investment Fund
Total offering (USD)
Total offering (USD)
Total sold (USD)
Total sold (USD)
Location
Location
Date signed
Date signed
20,000,000
20,000,000
August 25, 2011
155,000,000
August 4, 2011

People

Name
Role
LinkedIn

Blake Modersitzki

Founder/Managing Director



Carl S. Ledbetter

Managing DIrector



Chad Packard

Partner



Chris Cooper

Partner



Jaquie McKay

Chief Financial Officer



Further reading

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Documentaries, videos and podcasts

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Companies

Company
CEO
Location
Products/Services

Deserve







Divvy







Firefly







Monarx, Inc.







Owlet Baby Care







Strala







Yotascale







References