Pear VC Raises $333 Million for Fifth Fund as Assets Surpass $1.1 Billion

Pear VC’s fifth fund has $333 million in capital, bringing the firm’s assets under management to more than $1.1 billion as it continues backing early-stage companies and operating founder programs. Co-founders Pejman Nozad and Mar announced Pear Fund V on Oct. 14. They also named Arash Afrakhteh, Ajay Kamat and Shravan Reddy as general partners. Nozad and Mar discussed founding a venture firm about 13 years ago at Coupa Café in Palo Alto. Their stated premise was to meet founders before others recognized their potential.

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