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Pear VC Closes an Oversubscribed $432 Million Seed Fund

MENLO PARK, Calif.–(BUSINESS WIRE)–May 30, 2023–

Today, Pear VC (“Pear”) has announced that it closed its 4th fund, closing at $432 million. According to Prequin Ltd., Q4 2022 VC fundraising was down 65% from the previous year.1 This fundraising by Pear is one of the largest seed funds raised in recent years by a non-multistage fund, marking a bright spot in an otherwise choppy VC environment.

The funding will be used to continue doubling down in one of the brightest areas in venture…

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