# Pelion Venture Partners: portfolio, investments and team

> Pelion Venture Partners is a vc firm based in United States. 185 investments on record, 13 in the last 12 months, latest Aug 2026.

Source: https://millionrounds.com/fund/pelion-venture-partners (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Pelion Venture Partners

Last cheque observed Aug 2026; 185 cheques on record.

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Deploying now New fund $247M, Jan 2025 VC firm

Seed Series A Series B B2b2c Smb B2B

Follow Pelion Venture Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fpelion-venture-partners)

Deploying now

**48%** of best year **13** **cheques in 12 months**, 185 on record

Since the last cheque **73** days **00** hrs **00** min **00** sec

Median round **$15M** Cheque size, as they say **$1.0M – $15M** Rounds led **3 of 185** Sole investor **19 rounds** Exits **14 from the portfolio** Mostly in **United States, 82%**

Pitch Pelion Venture Partners

## Pelion Venture Partners highlights

- 01 13 cheques in the last 12 months
- 02 Mostly Series B and Series A: 51% of its rounds
- 03 Sole investor in 19 rounds, median $5.0M
- 04 14 exits from the portfolio

## What they do

> Pelion Venture Partners is listed as an existing investor in CodeRabbit's Series C round. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $15M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** B2b2c Smb B2B
- **Based in:** Draper, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **185 appearances**

- **2026** 9 rounds
- **Aug** **[Apollo Atomics](https://millionrounds.com/company/apollo-atomics)** Seed · US · Monte Carlo Capital **$31M** With 12 others
- **Aug** **[CodeRabbit](https://millionrounds.com/company/coderabbit)** Series C · US · TechStartups **$143M** With 12 others
- **Jun** **[Redo](https://millionrounds.com/company/redo)** Series B · US **$81M** With 3 others
- **Mar** **[Vector](https://millionrounds.com/company/vector)** Debt · GB **$20M** With 4 others
- **Feb** **[UpGuard](https://millionrounds.com/company/upguard)** Series C · Ventureburn **$75M** With 6 others
- **Feb** **[Jump](https://millionrounds.com/company/jump)** Series B · US · Ventureburn **$80M** With 11 others
- **Feb** **[Brandlight](https://millionrounds.com/company/brandlight)** Series A · US · AlleyWatch **$30M** *Led*
- **Feb** **[Mojo AI](https://millionrounds.com/company/mojo-ai)** Series B · US **$10M** Sole investor
- **Jan** **[Monarx](https://millionrounds.com/company/monarx)** Venture · US **$5.0M** With 2 others
- **2025** 23 rounds
- **Dec** **[Vybe](https://millionrounds.com/company/vybe)** Seed · US **$10M** With 3 others
- **Dec** **[Valinor Discovery](https://millionrounds.com/company/valinor-discovery)** Seed · US **$13M** With 3 others
- **Nov** **[Cactus](https://millionrounds.com/company/cactus)** Seed · US **$7.0M** With 4 others
- **Nov** **[Crew](https://millionrounds.com/company/crew)** Seed · CA **$3.8M** With 1 other
- **Oct** **[Jump](https://millionrounds.com/company/jump)** Series A · US · AlleyWatch **$25M** With 9 others
- **Oct** **[Yendo](https://millionrounds.com/company/yendo)** Series B · US **$50M** With 4 others
- **Oct** **[Owlet Baby Care](https://millionrounds.com/company/owlet-baby-care)** US **$30M** With 4 others
- **Oct** **[Honey Health](https://millionrounds.com/company/honey-health)** Seed · US **$7.8M** With 1 other
- **Sept** **[CodeRabbit](https://millionrounds.com/company/coderabbit)** Series B · US · TechCrunch **$60M** With 4 others
- **Sept** **[Kapital Bank](https://millionrounds.com/company/kapital-bank)** Series C · MX · LatamList **$86M** *Led*
- **Sept** **[GrainChain](https://millionrounds.com/company/grainchain)** US **$3.0M** Sole investor
- **Sept** **[Torus](https://millionrounds.com/company/torus)** Series B · LT **$200M** With 6 others
- **Aug** **[Nomi Health](https://millionrounds.com/company/nomi-health)** Venture · US **Undisclosed** With 1 other
- **Aug** **[Mojo AI](https://millionrounds.com/company/mojo-ai)** Venture · US **$1.7M** Sole investor
- **Jun** **[Coco Robotics](https://millionrounds.com/company/coco-robotics)** US · TechCrunch **$80M** With 3 others
- **Jun** **[Kapital](https://millionrounds.com/company/kapital)** Series C · MX **$100M** With 4 others
- **Jun** **[coco](https://millionrounds.com/company/coco)** Series B · MX **$80M** With 2 others
- **May** **[Agree.com](https://millionrounds.com/company/agree-com)** Seed · US · TechCrunch **$7.2M** *Led*
- **May** **[ecco](https://millionrounds.com/company/ecco)** Seed · US **$7.0M** Sole investor
- **May** **[Moises](https://millionrounds.com/company/moises)** Series A · US **$30M** With 5 others
- **Apr** **[Cy4Data Labs](https://millionrounds.com/company/cy4data-labs)** Series A · US **$10M** Sole investor
- **Feb** **[Subscript](https://millionrounds.com/company/subscript)** Series A · US **$15M** With 3 others
- **Jan** **[Music.AI](https://millionrounds.com/company/music-ai)** Series A · BR · LatamList **$40M** With 13 others
- **2024** 5 rounds
- **Sept** **[Strider Technologies](https://millionrounds.com/company/strider-technologies)** Series C · US **$55M** With 2 others
- **Aug** **[Commenda](https://millionrounds.com/company/commenda)** Venture · US **$6.1M** With 2 others
- **Aug** **[Remi](https://millionrounds.com/company/remi)** Series A · US **$21M** With 2 others
- **Aug** **[Redo](https://millionrounds.com/company/redo)** Series A · US **$24M** With 3 others
- **Feb** **[OliverIQ](https://millionrounds.com/company/oliveriq)** Venture · US **$5.8M** With 1 other
- **2023** 12 rounds
- **Dec** **[Droplet](https://millionrounds.com/company/droplet)** Seed · US **$5.0M** With 2 others
- **Nov** **[Teal Drones](https://millionrounds.com/company/teal-drones)** Grant · US **$750K** With 4 others
- **Oct** **[Formant](https://millionrounds.com/company/formant)** Series A · US **$21M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **16 named**

BL **Ben Lambert** Manager i Filing they signed

BC **Benjamin Cunningham Lambert** Member - Pelion Opportunities Partners I, L.L.C. i Form ADV

BM **Benjamin Middleton Dahl** Member - Pelion Venture Partners Vi, L.L.C. i Form ADV

BG **Blake G. Modersitzki** Director, Shareholder i Form ADV

CS **Carl Scotius Ledbetter** Member - Uv Partners IV GP, L.L.C. i Form ADV

CG **Casey Glenn Baugh** Managing Member - Pelion Opportunities Partners II, L.L.C. i Form ADV

CD **Chad David Packard** Trustee of the Capitola Trust i Form ADV

CC **Chris Cooper** Manager i Filing they signed

CC **Christian Coyte Cooper** Trustee of the Dexter Trust i Form ADV

DC **David Cannon Jensen** Managing Member - Pelion Opportunities Partners II, L.L.C. i Form ADV

JK **Jeff Kearl** Manager i Filing they signed

JS **Jeffrey Scott Kearl** Member - Pelion Opportunities Partners I, L.L.C. i Form ADV

MM **Matt Mosman** Manager i Filing they signed

MF **Matthew Fulton Mosman** Managing Member of Pelion Mv GP, L.L.C. i Form ADV

SG **Steve Glover** Manager i Filing they signed

SM **Steven Morris Glover** Chief Financial Officer i Form ADV

We also hold **26** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$1.4B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Pelion, INC
- **SEC number:** CRD 162762

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

LP Portal

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **14 in all**

**[DriveScale](https://millionrounds.com/company/drivescale)** Bought by [Twitter](https://millionrounds.com/fund/twitter) **Undisclosed** Jan 2021

**[Elastica](https://millionrounds.com/company/elastica)** Bought by Blue Coat Systems **$280M** Nov 2015

**[Skylight Healthcare Systems](https://millionrounds.com/company/skylight-healthcare-systems)** Bought by GetWellNetwork, Inc. **Undisclosed** Sept 2015

**[Riverbed Technology](https://millionrounds.com/company/riverbed-technology)** Bought by [Thoma Bravo](https://millionrounds.com/fund/thoma-bravo) **$3.5B** Apr 2015

**[Metacloud](https://millionrounds.com/company/metacloud)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **Undisclosed** Sept 2014

**[Fusion-io](https://millionrounds.com/company/fusion-io)** Bought by [SanDisk](https://millionrounds.com/fund/sandisk) **$1.1B** Jun 2014

**[AngioScore](https://millionrounds.com/company/angioscore)** Bought by Spectranetics **$230M** May 2014

**[Replay Solutions](https://millionrounds.com/company/replay-solutions)** Bought by [CA Technologies](https://millionrounds.com/fund/ca-technologies) **Undisclosed** Jun 2012

**[Aztek Networks](https://millionrounds.com/company/aztek-networks)** Bought by GENBAND **Undisclosed** Apr 2012

**[M-Factor](https://millionrounds.com/company/m-factor)** Bought by DemandTec **Undisclosed** Mar 2011

**[Carefx](https://millionrounds.com/company/carefx)** Bought by Harris **Undisclosed** Feb 2011

**[MX Logic](https://millionrounds.com/company/mx-logic)** Bought by [McAfee](https://millionrounds.com/fund/mcafee) **$140M** Jul 2009

**[NeoGuide Systems](https://millionrounds.com/company/neoguide-systems)** Bought by Intuitive Surgical **Undisclosed** Jun 2009

**[Riverbed Technology](https://millionrounds.com/company/riverbed-technology)** Listed **Undisclosed** Sept 2006

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$247M**

raised in Jan 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$15M** the round, not its cheque Alone, median **$5.0M**

Led 3 of 185 rounds **2%**

- **Said size:** $1.0M – $15M
- **Sole investor:** 19 rounds
- **Last cheque:** Aug 2026
- **Exits:** 14 from the portfolio

Rounds by stage said on their site

- Series B said *44*
- Series A said *39*
- Seed said *32*
- Venture *23*
- Series C *17*
- Series D *9*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 12
- [Kickstart](https://millionrounds.com/fund/kickstart) 11
- [BYU Cougar Capital](https://millionrounds.com/fund/byu-cougar-capital) 10
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 10
- [Foundation Capital](https://millionrounds.com/fund/foundation-capital) 8
- [Peterson Ventures](https://millionrounds.com/fund/peterson-ventures) 8

**Pitching Pelion Venture Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Pelion Venture Partners. A count of rooms they were both in, not a relationship either has claimed.

[**New Enterprise Associates** VC firm **12** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Kickstart** VC firm **11** rounds together](https://millionrounds.com/fund/kickstart)[**BYU Cougar Capital** VC firm **10** rounds together](https://millionrounds.com/fund/byu-cougar-capital)[**Y Combinator** Accelerator **10** rounds together](https://millionrounds.com/fund/y-combinator)[**Foundation Capital** VC firm **8** rounds together](https://millionrounds.com/fund/foundation-capital)[**Peterson Ventures** VC firm **8** rounds together](https://millionrounds.com/fund/peterson-ventures)[**Alumni Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Crosslink Capital** VC firm **7** rounds together](https://millionrounds.com/fund/crosslink-capital)[**Kickstart Seed Fund** VC firm **7** rounds together](https://millionrounds.com/fund/kickstart-seed-fund)[**Mayfield Fund** VC firm **7** rounds together](https://millionrounds.com/fund/mayfield)[**Third Point Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/third-point-ventures)[**Venrock** VC firm **7** rounds together](https://millionrounds.com/fund/venrock)

## Recently backed

The latest companies Pelion Venture Partners put money into.

[**CodeRabbit** $143M · Aug 2026](https://millionrounds.com/company/coderabbit)[**Redo** $81M · Jun 2026](https://millionrounds.com/company/redo)[**Vector** $20M · Mar 2026](https://millionrounds.com/company/vector)[**UpGuard** $75M · Feb 2026](https://millionrounds.com/company/upguard)[**Brandlight** $30M · Feb 2026](https://millionrounds.com/company/brandlight)[**Mojo AI** $10M · Feb 2026](https://millionrounds.com/company/mojo-ai)

## Quick answers about Pelion Venture Partners

### What does Pelion Venture Partners invest in?

Pelion Venture Partners invests most often at Series B and Series A (51% of the rounds on record), in sectors such as B2b2c, Smb and B2B.

### How active is Pelion Venture Partners?

185 investments on record, 13 of them in the last 12 months, and it led 3. The most recent was in Aug 2026.

### What has Pelion Venture Partners invested in recently?

Its most recent investments on record: Apollo Atomics (Seed, Aug 2026), CodeRabbit (Series C, Aug 2026) and Redo (Series B, Jun 2026).

### How big are Pelion Venture Partners's cheques?

The median round it joins is $15M. It says it writes cheques of $1.0M to $15M.

### Does Pelion Venture Partners lead rounds?

Sometimes: it led 3 of its 185 investments on record (2%).

### Where does Pelion Venture Partners invest?

Most of the companies it backs are in the United States (82%) and Mexico (8%).

### Is Pelion Venture Partners investing now?

Yes: it is actively investing, with 13 investments in the last 12 months.

### Who does Pelion Venture Partners invest alongside?

Most often New Enterprise Associates (12 rounds together), Kickstart (11 rounds together) and BYU Cougar Capital (10 rounds together).

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