Tuesday, August 7, 2012

Pelion Ventures Reaches $83.15M In Fund V

Salt Lake City-based Pelion Ventures, the venture capital fund headed by, James Dreyfous, Carl Ledbetter, and Blake Modersitzki reports in an SEC filing that it has now reached $83.15M in its goal to reach $127M in its fifth fund, Pelion Ventures V. The filing shows that the fund is now seeking another $43.85M to top off its fundraising efforts. The amount is slightly below an initial target of $155M the fund indicated last year in filings. Pelion has backed such companies as Cloudflare, Fusion-io, SOASTA, DOMO, Aztek Networks, and many others.