Pelion Re-Ups Investment In SOASTA

Salt Lake City-based venture capital firm Pelion Venture Partners has re-upped on a round of venture capital for a cloud-based, performance testing firm. SOASTA said today that it has raised $12M in a new funding, which included Pelion, a prior investor in the company, along with new investor The Entrepreneur's FUnd, and other prior investors Canaan Partners and Formative Ventures. Pelion's Blake Modersitzki sits on SOASTA's board of directors. More information »