Pelion
Pelion last closed a fund in April 2024 — 31 months ago. By its own rhythm, that is already past its usual gap.
Pelion has raised 6 times about every 21 months. The last was Pelion Ventures VIII-C, L.P. That pointed to Jan 2026. It is 10 months past its own gap and has not filed a new fund.
Historically about 1 in 4 firms in this position filed within a year. The month is approximate — how often this is right.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
- Funds on file
- 14
- Capital raised
- $1.16B
- Latest close
- April 2024
- Based in
- CA, UT
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Pelion Ventures VIII-C, L.P. | April 2024 | $13M | 0002008543 ↗ |
| Pelion Ventures VIII Financial Institutions Fund, L.P. | December 2023 | $91M | 0001971072 ↗ |
| Pelion Olympus Fund I, L.P. | June 2023 | $100M | 0001954481 ↗ |
| Pelion Ventures VIII, L.P. | April 2023 | $247M | 0001954493 ↗ |
| Pelion Opportunity Fund VI, LLC | July 2022 | $13M | 0001939590 ↗ |
| Pelion Opportunity Fund IV, LLC | December 2020 | $3M | 0001832957 ↗ |
| Pelion Opportunity Fund V, LLC | December 2020 | $26M | 0001832919 ↗ |
| Pelion Opportunity Fund III, LLC | August 2019 | $5M | 0001786066 ↗ |
| Pelion Opportunity Fund II, LLC | July 2019 | $12M | 0001770824 ↗ |
| Pelion Venture Partners VI, L.P. | April 2015 | $200M | 0001639299 ↗ |
| Pelion Ventures V Financial Institutions Fund, L.P. | April 2012 | $25M | 0001532860 ↗ |
| Pelion Ventures V-A, L.P. | August 2011 | $20M | 0001525599 ↗ |
| Pelion Ventures V, L.P. | August 2011 | $155M | 0001525593 ↗ |
| Pelion Ventures VII, L.P. | — | $250M | 0001774593 ↗ |
| Pelion Ventures VIII - Entrepreneurs Fund, L.P. | September 2023 | $24M | 0001975593 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Blake Modersitzki, Carl Ledbetter, James Dreyfous, Chris Cooper, Ben Lambert, Chad Packard, Jeff Kearl, Matt Mosman
What Pelion invests in
- Typical fund
- $26M median, seed to early stage
Service providers
- Fund administrator
- None reported — the adviser answered “no administrator” for 13 of 13 funds
- Auditor
- EY (7 funds)
From Form ADV filed by PELION, INC CRD 162762 ↗, latest filing May 2026, covering 13 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.