Pelion Venture Partners, founded in 1986 and based in Salt Lake City, Utah, is a venture capital firm specializing in early-stage investments in software-based technology companies across the United States. The firm focuses on sectors such as B2B SaaS, fintech, marketplaces, cloud computing, and security, with a portfolio that includes successful companies like Cloudflare, Divvy, and Weave. In October 2021, Pelion closed its seventh fund at $365 million, exceeding its initial target of $250 million, to continue supporting innovative technology founders.