Pear raises a $333M fund to back founders before they have companies
Founders Mar Hershenson and Pejman Nozad say the fund will back companies before product-market fit, as Pear expands its leadership beyond its founding pair.
By RuntimeWire Staff · Published
Primary source: Pear VC
Why it matters
Pear's $333 million fund grows its capacity to invest before product-market fit, while three partner promotions show how the firm plans to carry its founder-first model beyond its original co-founders.
Pear VC announced a $333 million Fund V on October 14th, giving co-founders Mar Hershenson and Pejman Nozad more capital for pre-seed and seed investing and elevating three existing partners to general partner. Pear says the new fund brings its assets under management to more than $1.1 billion. The announcement appears in a post on Pear's website.…