Pelion Venture Partners

Pelion Venture Partners

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

Company
Description
Industry
Website
Location
Cloudflare

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

Baby monitors to track a baby's heart rate and oxygen levels, and stream video and audio to phones

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

A health care provider in Missouri that focuses on continuous primary care online.

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

Bitcasa is a San Francisco-based 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.

Company

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

CloudVelocity is an enterprise software company.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Pelion Ventures V Financial Institutions Fund, L.P.
50,000,000
25,000,000
May 7, 2012
20,000,000
20,000,000
August 25, 2011
155,000,000
August 4, 2011
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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

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Deserve

Divvy

Firefly

Monarx, Inc.

Owlet Baby Care

Strala

Yotascale

References

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