Pelion Venture Partners

📣 Big news at Jump - Advisor AI today: we closed a $20M series A round led by Battery Ventures, with Citi Ventures, Sorenson Capital, and Pelion Venture Partners! I love working with our customers and I feel grateful every day that we can support them in some small way as they help more than a third of the population navigate some of the most important decisions of their lives. This funding round means we can continue to build even faster - more AI tools for advisors that help them put on the "ironman suit" towards our mission to empower advisors and their customers to thrive in the age of AI! Going from 1 customer to thousands of customers, from 3 cofounders to over 50 team members, and launching partnerships with wonderful technology companies and leading advisor networks all in the last 365 days has been the ride of a lifetime. I am so happy to share this journey with Jump cofounders Tim Chaves and Adam Kirk as well as Peter Boshard Olson, Sipra Roy Halteman, Tobin Bennion, and the rest of our INCREDIBLE Jump team. (We are hiring for many new roles - check them out at careers.jumpapp.com!) We are excited that Dharmesh Thakker from Battery Ventures is leading our Series A - he brings extremely relevant experience from his time as an early investor and long time board member of Gong as well as with dozens of other successful companies such as Databricks. We are also excited to welcome Citi Ventures as Jump investors - they bring great industry perspective and connections. They join our existing investors Eric Hilton and Rob Rueckert at Sorenson and Tyler Hogge and team at Pelion who are incredible partners, and Jaren Nichols who backed us pre-idea. Some companies raise big VC checks and then set that money on fire, wasting it quickly on their way to bankruptcy. That’s not our style—we have been close to cash flow positive this year and raised this round not because we were almost out of our seed money but because we wanted to move even faster to meet the demand for great advisor AI tools. Today, our customers tell us that they save an average of 1-2 hours per workday with Jump's meeting assistant, and in some cases, have increased client service deliverables by 20-50% per advisor. Jump has developed a reputation for providing category defining advisor-specific workflows, integrations, and customization options, while enabling enterprise compliance teams with lots of options and a path to sign off on safe AI deployment in a highly regulated space. Expect to see lots more from Jump in each of these areas, plus plenty of new things this year as we build ever faster... If you are an advisor or are otherwise in financial services, please check us out at jumpapp.com - our team would love to meet you!

Huge congratulations to the Jump - Advisor AI team on their $20M Series A! We’re beyond excited to see Jump continue revolutionizing how financial advisors operate with AI-powered solutions. As a Fund VIII company, we couldn’t be prouder to support their vision and growth. We're also thrilled to partner alongside Battery Ventures, Citi Ventures, and Sorenson Capital to help fuel this next chapter. Exciting times ahead, and we can’t wait to see what’s next! 🚀 Read more at: https://lnkd.in/gxZhB3FF Parker Ence, Tim Chaves, Adam Kirk #AI #Fintech #VentureCapital #SeriesA #PelionVenturePartners

Big News: Pelion Venture Partners Fund VIII is Here! We’re thrilled to announce that we’ve raised $500M for our 8th early-stage venture fund! This milestone allows us to continue empowering visionary founders and ambitious entrepreneurs who are shaping the future of innovation. With Fund VIII, we’re committed to investing in exceptional startups, supporting founders, and driving the next wave of growth and innovation. We’ve already made incredible investments and can’t wait to partner with more disruptive companies. A heartfelt thank you to our LPs, entrepreneurs, and partners who have made this possible. Your trust and belief drive us forward every day. The future belongs to the bold, and we’re excited to help founders bring their visions to life. 🌟 Read the full blog post on our website here: https://lnkd.in/gkSjtkHV

Our very own Blake Modersitzki and Chris Cooper recently sat down with Casey Baugh for a powerful conversation about Pelion Venture Partners, our latest $500M Fund VIII, and the journey that got us here. From hard-earned insights to the philosophy that drives our team, this episode is packed with wisdom for founders, operators, and investors alike. 🎙️ Check out the episode here: https://lnkd.in/gkJZ-kWy

🚀Pelion Venture Partners Fund VIII 🚀 We’re beyond excited to share our Fund VIII launch video and celebrate the start of this incredible journey. With $500M raised, we’re off to a strong start, already partnering with exceptional founders and visionary companies. Check out the video below!

Big News: Pelion Venture Partners Fund VIII is Here! We’re thrilled to announce that we’ve raised $500M for our 8th early-stage venture fund! This milestone allows us to continue empowering visionary founders and ambitious entrepreneurs who are shaping the future of innovation. With Fund VIII, we’re committed to investing in exceptional startups, supporting founders, and driving the next wave of growth and innovation. We’ve already made incredible investments and can’t wait to partner with more disruptive companies. A heartfelt thank you to our LPs, entrepreneurs, and partners who have made this possible. Your trust and belief drive us forward every day. The future belongs to the bold, and we’re excited to help founders bring their visions to life. 🌟 Read the full blog post on our website here: https://lnkd.in/gkSjtkHV

A huge thank you to Rancilio Cube SICAF and Luca Rancilio for hosting us at the beautiful PIQUADRO S.p.A. showroom last week in Milan. It was an inspiring and energizing event filled with engaging conversations and new connections. The event featured an inspiring Q&A between Blake Modersitzki and Inès Makula, and a room full of local investors and family offices. Together, we explored the opportunities in US early-stage venture, the next wave of technology innovation, the unique potential of the Utah ecosystem, and the Pelion Venture Partners story. We’re incredibly grateful to Rancilio Cube for hosting and to everyone who joined us to make the event such a success. Moments like these remind us of the power of collaboration and connection across global markets!

📣 I'm excited to share that Music AI has raised $40M in Series A funding to scale and expand our AI tools for musicians, producers, and creators worldwide. This round was led by Connect Ventures, a collaboration between New Enterprise Associates (NEA) and Creative Artists Agency (CAA), along with monashees. Additional investors included Kickstart, Samsung Next, Valutia, Toba Capital, Pelion Venture Partners, and Mindset Ventures, alongside music industry professionals such as Steve Aoki (Aoki Labs), 3LAU, and Alexander23. Our B2C product, Moises, has empowered over 50 million users and was named Apple’s iPad App of the Year in 2024. This funding will help us expand our product offerings and continue researching and developing innovative AI solutions for music and audio creation. A huge thank you to our investors, team, and users for your trust and inspiration. Together, we're making music-tech innovation accessible to all. Here's to a future of creativity and collaboration! 🥂 🎵 #AI #innovation #musictech #creativity #funding #technology

🌽Utah Tech Week News: The Corndog and Corn Hole Classic is back 🌽 Join us for an evening of fun, flavor, and friendly competition at the Pelion Headquarters on January 29, 2025, at 4 PM. 📅 Date: January 29, 2025 🕓 Time: 4:00-6:00PM 📍 Location: Pelion Headquarters 🏢 Address: 14761 S Future Way, Suite 500, Draper, UT 84020 🌐 Link to register here: https://lnkd.in/gRGEqbkF What to Expect: 🌭 Indulge in the world's finest corndogs. 🕹️ Join the Corn Hole Classic tournament for some friendly competition and a chance to showcase your skills. 🤝 Network with industry professionals and enthusiasts. 🎉 Enjoy an evening filled with laughter, good food, and great company. RSVP now to secure your spot and ensure you don't miss the chance to be part of this one-of-a-kind event. We look forward to seeing you there! 🎉 #CorndogClassic #CornHoleFun #NetworkingEvent #UtahTechWeek

Incredible report from Cicero® and 47G highlighting Utah’s pivotal role in shaping the future of aerospace, defense, and national security. At Strider Technologies, we're proud to call Utah home, and the reasons are clear. Utah is leading the way, supported by a dynamic ecosystem of talent, infrastructure, and industry collaboration. • Unmatched Collaboration: With partnerships among industry, government, and academia, Utah offers a unique synergy that propels forward-thinking solutions in defense, aerospace, and national security. A perfect example is the Intermountain Intelligence, Industry, and Security Consortium (I3SC), established to prepare the next generation of national security professionals. Funded by the Utah legislature, this program unites the Center for Anticipatory Intelligence at USU and Utah Valley University Center for National Security Studies with industry partners like Adobe, AgilePQ, FireEye, Inc., Fortem Solutions, Northrop Grumman, USU’s Space Dynamics Laboratory and Strider Technologies. Together, this creates a powerful ecosystem dedicated to advancing education, innovation, and security expertise. • Skilled Talent Pipeline: From Utah State University's Space Dynamics Laboratory, which has been at the forefront of national security research for over 60 years, to the University of Utah Aerospace Hub driving advancements in computational design and material sciences, and Utah Aerospace Pathways aligning education with industry needs, Utah’s emphasis on education produces world-class professionals equipped to tackle the challenges of tomorrow. • Strategic Advantages: Utah’s business-friendly policies, robust logistics networks, and access to critical minerals for manufacturing and energy solutions position it as a hub for economic growth. These advantages are bolstered by targeted incentives that encourage business expansion and innovation. For example, Strider was recently awarded a tax credit to create over 150 new high-paying jobs in Utah, further strengthening the state’s role as a center for cutting-edge technology and national security initiatives. Strider CEO and co-founder Greg L. put it best: "Utah’s forward-thinking approach to fostering innovation and entrepreneurship has created an unparalleled environment for success. From its educated workforce to its collaborative culture, Utah is the ideal place for Strider to scale operations, attract top talent, and contribute to groundbreaking advancements in aerospace and defense."