US EditionVenture Firm Pelion Raises $500 Million for Utah’s Largest Fund
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Venture Firm Pelion Raises $500 Million for Utah’s Largest Fund
(Bloomberg) — Salt Lake City-based Pelion Venture Partners has raised $500 million for a new fund — an unusually large sum for a firm located outside of a coastal hub, and the largest in Utah history. The funding is a bright spot during an industrywide downturn, as more venture firms have struggled to raise capital in the post-pandemic slump, and many investors have flocked to already-established Silicon Valley names. Founded in 1986, Pelion w…
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