Early-stage venture capital firm Pear VC announced its fifth fund, with a size of $333 million
Early-stage venture capital firm Pear VC co-founder Pejman Nozad announced the fifth fund, Pear Fund V, with Mar on October 14, 2026, with a scale of $333 million, bringing Pear's managed assets to over $1.1 billion. Arash Afrakhteh, Ajay Kamat, and Shravan Reddy were appointed as general partners at the same time. The two discussed founding a venture capital firm about 13 years ago at Coupa Café in Palo Alto, believing in meeting founders before they are recognized as exceptional by the outside world.Pear has supported DoorDash, Gusto, Guardant Health, Vanta, and Listen Labs, seeing thousands of opportunities each year through pre-seed and seed-stage businesses, and has built PearX, university programs, hackathons, a founder community, two studios, an engineering team, and a founder services team. Arash Afrakhteh joined in 2020, investing in enterprise and B2B, covering artificial intelligence, machine learning, cloud, and data infrastructure, and co-founded Cariden Technologies, which was acquired by Cisco in 2012.Ajay Kamat joined in 2015, investing in consumer, fintech, and healthcare, and co-founded Wedding Party, serving as CEO. The company was supported by Pear and later acquired by Instacart.