December 14, 2021 (Dubai, UAE)
Earlier this month, Pelion Venture Partners announced the October closure of their Pelion Venture Partners Fund VII at $365 million, exceeding their initial target of $250 million. Greenstone Equity Partners, the largest licensed fund placement firm in the Middle East, supported Pelion Venture Partners in achieving fund closure by raising capital from its network of GCC-based institutional investors.
Pelion invests in software companies across the United States, partnering with technology founders in B2B SaaS, fintech, marketplaces, cloud computing and security.
Blake Modersitzki, General Partner, stated:
Our vision for Pelion is becoming a reality, with the Pelion Fund VII beating our original capital raise targets. We saw increased appetite for this fund from the GCC markets and the team at Greenstone were instrumental in driving our capital raising efforts across the region.
Greenstone Equity Partners served as the exclusive placement firm for Pelion for the GCC-region. Alex Gemici, CEO & Chairman of Greenstone Equity Partners commented:
We are proud of our six-year partnership with Pelion, who consistently deliver exceptional returns to their investors.
Omar Al Gharabally, President of Greenstone Equity Partners, said:
We really enjoy working with forward-thinking partners like Pelion, whose disruptive technology and innovation focused investment thesis, continues to excite investors from the region.