Pear VC announced Pear Fund V on October 14, 2026, with a size of $333 million, bringing the early-stage venture firm’s assets under management to more than $1.1 billion. According to ChainCatcher, co-founders Pejman Nozad and Mar said the firm also named Arash Afrakhteh, Ajay Kamat and Shravan Reddy as general partners.

Pear said it has backed companies including DoorDash, Gusto, Guardant Health, Vanta and Listen Labs. The firm said it sees thousands of opportunities each year through pre-seed and seed investing and operates PearX, university programs, hackathons, a founder community, two studios, an engineering team and a founder services team.

Afrakhteh joined Pear in 2020 and invests in enterprise and B2B companies across artificial intelligence, machine learning, cloud and data infrastructure. He previously co-founded Cariden Technologies, which Cisco acquired in 2012.

Kamat joined Pear in 2015 and invests in consumer, fintech and healthcare. He previously co-founded Wedding Party and served as chief executive officer of the company, which Pear backed before Instacart acquired it.