Pear VC Announces $333 Million Fifth Fund

Early-stage venture capital firm Pear VC has announced its fifth fund, Pear Fund V, with a size of $333 million, bringing its total assets under management to over $1.1 billion. The new general partners include Arash Afrakhteh, Ajay Kamat, and Shravan Reddy. Pear VC has previously supported companies such as DoorDash, Gusto, Guardant Health, Vanta, and Listen Labs, engaging with thousands of investment opportunities each year through pre-seed and seed-stage businesses. Arash Afrakhteh joined in 2020, focusing on enterprise and B2B investments, covering artificial intelligence, machine learning, cloud, and data infrastructure. He co-founded Cariden Technologies, which was acquired by Cisco in 2012. Ajay Kamat joined in 2015, focusing on consumer, fintech, and healthcare sectors. He co-founded Wedding Party and served as CEO, a company supported by Pear that was later acquired by Instacart.

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