Deals

DoorDash-Backer Pear Raises $432 Million for Seed Venture Fund

Firm has also invested in Guardant Health, Gusto at inception
Pear runs startup boot camp and female founder program

Mar Hershenson, left, and Pejman Nozad, founding managing partners, Pear VC.Photographer: Gary Sexton/Pear VC

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By Katie Roof

May 30, 2023 at 7:13 PM UTC

This article is for subscribers only.

Early DoorDash Inc. backer Pear VC has closed a new $432 million fund for early stage investing.

The firm, which was also early in identifying investment opportunities in Gusto Inc. and Guardant Health, will continue to write seed checks as well as “pre-seed” investing, or supporting a startup at the idea stage, according to a statement reviewed by Bloomberg.