The Salt Lake Metropolis-based Pelion Enterprise Companions is opening an outpost in Southern California and has added Jeff Kearl as a managing director to move up operations within the area.

Kearl was the chief government officer of Stance, a direct-to-consumer retailer promoting socks and clothes fundamentals, and has an extended historical past of investing in startup corporations all through Southern California, in keeping with a press release.

Along with Stance, Kearl serves on the board of administrators for Domo, a cloud software program firm; Scopely, the cell sport developer; and Simply Water, the water firm co-founded by the actor and musician, Jaden Smith. He beforehand served as chairman of the board for the audio know-how retailer,  Skullcandy, and was the EVP for the web market, Logoworks.

“A physical presence in Southern California will allow us closer access to a fast growing and underserved capital market,” Kearl wrote in an e-mail. “85% of the enterprise capital {dollars} in LA are coming from traders exterior of LA. Pelion believes by partnering with founders and VCs in Southern California we are able to create and add extra worth to this thrilling tech scene.”

Pelion has already invested cash into the Southern California tech ecosystem and Kearl’s presence will double down on that dedication, he wrote in an e-mail.

“In the past several years, Pelion has invested in 7 companies in Southern California,” wrote Kearl. “Given our conviction on founders and startups in Southern California, we are making a conscious effort to increase our activity in the area and expect these numbers to increase dramatically.”

 

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