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.
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Past deals in Barbados
Bitt
Series B in 2020
Bitt Inc. is a financial technology company based in St Michael, Barbados, specializing in digital currency solutions. Founded in 2013, Bitt allows users to trade legal tender, such as U.S. dollars and Euros, for digital assets like bitcoin and ether, and vice versa. The company's services include a trading platform that matches user orders, digital currency conversion, and merchant payment solutions. Bitt also provides custodial services for digital currencies via Bitt Wallets and offers a Mobile Wallet for users to send and receive money globally, as well as for domestic transactions. Additionally, Bitt's Digital Currency Management System (DCMS) enables central banks and financial institutions to deploy Central Bank Digital Currencies (CBDCs) and stablecoins, with implementations in twelve countries across Africa, Central America, Europe, and the Caribbean. Bitt’s focus on blockchain technology positions it as a key player in developing secure, peer-to-peer payment ecosystems.
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