Souter Investments
is one of the UK’s leading family investment offices specialising in private equity



Vintage: December 2022

Sector: Information Technology

Location: Glasgow

Type: Growth Capital

Souter Role: Co-investor

Souter Director: No

Status: Current

Pelion is a leading global Internet of Things (IoT) connectivity platform, providing secure and scalable IoT connectivity for more than 500 enterprise customers. Its technology enables IoT devices to connect to the optimal cellular network and technology, orchestrated through a platform that allows customers to manage and control deployed devices.

The company has invested heavily in its connectivity management platform, secure end-to-end network and global eSIM offering. This means that it can support applications such as infrastructure monitoring, connected industrial equipment, vehicle telematics, remote building access and patient monitoring.

Souter has co-invested alongside lead sponsor Scottish Equity Partners (“SEP”), a leading technology focused growth equity firm which operates across the UK and Europe.