Pelion Venture Partners

Pelion Venture Partners is a Utah-based early-stage venture capital firm focused on technology companies across the United States. Founded in 1986, it emphasizes B2B software, enterprise software, SaaS, cloud services, and related IT sectors. The firm invests in early-stage opportunities and supports portfolio companies with a hands-on, collaborative approach, drawing on its deep industry and investment experience. With its team based in Salt Lake City, Pelion seeks to help entrepreneurs turn concepts into scalable, growth-oriented businesses.

Roy Banks

Venture Partner

Carine Clark

General Partner

Jim Dreyfous

Founding Partner

Susannah Duke

Principal

Tyler Hogge

Venture Partner

Past deals in Accounting

Canopy

Series C in 2025
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

NALA

Series A in 2024
NALA Incorporation Company Limited is a FinTech firm based in Dar es Salaam, Tanzania, founded in 2017. The company develops a mobile payments application that facilitates various financial transactions, including bill payments, peer-to-peer transfers, and airtime top-ups, all without requiring an internet connection. NALA's platform is designed to enhance financial inclusion by providing services that cater to users in regions with limited internet access. The application incorporates bank-grade security encryption and multi-factor authentication to ensure the safety of transactions. Additionally, NALA offers budgeting tools and transaction history tracking, enabling users to manage their finances effectively. Through its services, NALA aims to simplify mobile money transfers for Africans worldwide and support international payments.

Canopy

Venture Round in 2024
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Yendo

Series A in 2023
Yendo is a company that offers accounting software tailored for small and medium-sized businesses. As a cloud-based application, Yendo allows users to access its features anytime and anywhere with an internet connection. The software enables users to efficiently manage invoicing, purchases, expenses, and payments, as well as track financial performance through profit and loss statements, balance sheets, and customizable reports. Based in Ireland, Yendo serves a substantial customer base in both the United Kingdom and the United States. Additionally, Yendo provides a credit card platform that offers asset-backed credit products, allowing consumers to leverage the equity in their vehicles or homes for significantly higher credit limits at competitive interest rates. This offering enables users to obtain credit without the need for traditional FICO score checks.

Canopy

Venture Round in 2021
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Yendo

Seed Round in 2021
Yendo is a company that offers accounting software tailored for small and medium-sized businesses. As a cloud-based application, Yendo allows users to access its features anytime and anywhere with an internet connection. The software enables users to efficiently manage invoicing, purchases, expenses, and payments, as well as track financial performance through profit and loss statements, balance sheets, and customizable reports. Based in Ireland, Yendo serves a substantial customer base in both the United Kingdom and the United States. Additionally, Yendo provides a credit card platform that offers asset-backed credit products, allowing consumers to leverage the equity in their vehicles or homes for significantly higher credit limits at competitive interest rates. This offering enables users to obtain credit without the need for traditional FICO score checks.

Canopy

Series C in 2021
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Canopy

Venture Round in 2019
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Canopy

Venture Round in 2018
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Canopy

Series B in 2017
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

ZipBooks

Seed Round in 2016
ZipBooks is an online accounting software company that provides simple and intuitive solutions for small business owners and accountants. Its free Starter plan features unlimited invoicing, automatic bank import, and machine learning categorization, making it accessible from any location. The platform facilitates faster client reconciliation through its ZipBooks Accountants feature, which allows for text communication between accountants and their clients. Additionally, ZipBooks offers various add-ons, including smart tagging, payroll integration, reputation management, and fee-based bookkeeping services. These services help businesses manage cash flow, stay current with their financial records, handle payroll taxes, support employee self-onboarding, and identify potential tax deductions.

Red Gorilla

Series B in 2000
Red Gorilla was founded to provide small professional service firms, independent consultants, freelancers, and moonlighters with Web-based services that revolutionize the way they work. Their first product is Gorilla Time™, the world's first time tracking and invoicing application fully accessible via the Web, Palm™ and cell phone. They designed Gorilla Time for professionals who need a simple, fast billing solution that doesn't require expensive software and constant upgrades. With Gorilla Time, a web browser and computer are all you need to track time and expenses and produce professional invoices. Because it's Web-based, you can access your records from anywhere, any time, via cell phone, Palm™ or any Web browser. Invoicing is as simple as clicking "send" for delivery by email, fax, regular, certified or express mail. Their goal is to reduce your administrative burden and enhance your productivity so you can focus on generating revenue.
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