Pear's third seed fund stands at more than twice the size of its precursor, having secured the continued backing of University of Chicago.
US-based venture capital firm Pear has raised $160m for its third early-stage fund involving University of Chicago and unnamed backers as limited partners, TechCrunch reported yesterday.
The amount represents a final close, more than doubling the size of Pear’s last venture fund.
Formed in 2013 as Pejman Mar Ventures, Pear backs pre-seed or seed rounds on an industry-agnostic basis, generally writing initial cheques sized between $250,000 and $3m.
Almost 50% of its investees were founded by students…
