Scottish Equity Partners completed the investment in Pelion.

Scottish Equity Partners, a venture capital firm, completed the investment in Pelion, a global Internet of Things connectivity business. Financial terms were not disclosed. “This investment sets us well to accelerate our growth as an independent business. Pelion is at the forefront of the IoT connectivity market, serving a multitude of customer use cases around the globe, and we are excited to be embarking upon the next stage of our journey. The investments made into our technology and products over the past five years make us an ideal partner for any enterprise seeking to utilise IoT to drive their business outcomes," David Weidner, Pelion CEO.