Venture capital fund · 2 deals
Every published round Pelion Venture Partners took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| UpGuard | Series C | 4 Aug 2026 | $105m | Participant | Forbes Australia (4 Aug 2026), SmartCompany (28 Apr 2026), SmartCompany (27 Feb 2026), ontargetish.com, Startup Daily, Forbes Australia (26 Feb 2026), Dealroom, rswebsols.com, Square Peg Capital portfolio | |
| UpGuard | Series C | 26 Feb 2026 | $75m | Participant | PR Newswire, finsmes.com, thesaasnews.com, upguard.com |
Companies Pelion Venture Partners has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| UpGuard | Cybersecurity firm providing AI-powered cyber risk posture management | 26 Feb 2026, Series C | 2 | 0 |
Fund closes reported for Pelion Venture Partners, as distinct from the investments it has made.
Companies Pelion Venture Partners has backed that another company then bought. An exit for the holding, not a deal Pelion Venture Partners did.
Stories naming Pelion Venture Partners. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Hobart-based cybersecurity firm UpGuard secured USD75m Series C funding led by Springcoast Capital, with existing investors participating, to expand its risk platform.
Weekly roundup covering UpGuard's $105 million Series C and EatClub's $27 million Series B, plus earlier funding history for both Australian companies.
Hobart cybersecurity company UpGuard has landed US$75 million in Series C backing led by Springcoast Capital, with the article also recalling earlier Startmate and Firemark Ventures rounds.
Also Dealroom·Forbes Australia·Startup Daily·SmartCompany·ontargetish.com·SmartCompany·Forbes Australia
Cybersecurity firm UpGuard has announced a $75 million Series C round led by Springcoast Partners, with existing backers joining, to fund product development, global expansion and acquisitions.