Pear, previously known as Pejman Mar Ventures, is a venture capital firm founded in 2013. The firm was established by Mar Hershenson and Pejman Nozad. It is based in Palo Alto, California. In addition to its venture capital business, Pear also runs several accelerator initiatives under its Pear Dorm program. As of March 2019, the firm is managing a portfolio of 92 active companies and has sold off its ownership in 20 companies. Its most recent investment was for Polarr in March 2019, a company providing an online photo editing platform.
Pear provides funding for companies in a variety of business sectors. The firm invests in companies at three financing stages: pre-seed, seed, and Series A. Since its conception, the firm has managed to amass $169.2 million in total, with its most recent completed funding round held in April 2017. This funding round managed to raise $4.2 million.
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