Thursday, July 16, 2015

Pelion Venture Partners Raises Nearly $206M For Sixth Fund

Salt Lake City-based venture capital investor Pelion Venture Partners has raised nearly $206M for its fifth, venture capitla fund, Pelion Ventures VI, according to a regulatory filing by the firm this week. The filing indicates that the firm raised $205,980,000 so far, with a total of 36 limited partners in the fund. Pelion, which is led by Carl Ledbetter and Blake Modersitzki, has not yet formally announced the new fund. Pelion has had some big exits out of its prior investments, including Metacloud, Soasta, Fusion-io, Mxlogic, Redhat, Riverbed, and many others.