Pre-seed & seed VC, US
Pear VC
Venture capital firm · Menlo Park · Founded 2013
Quick read
Pear VC is a pre-seed and seed venture firm founded in 2013 and headquartered in Menlo Park, California. It runs PearX, a 12-week hands-on accelerator, alongside its investing arm, and backs founders from idea stage through to institutional rounds. With ~$800M AUM and notable early bets on DoorDash, Dropbox, Guardant Health, and Gusto, co-founders Pejman Nozad and Mar Hershenson have each appeared multiple times on the Forbes Midas List.
Key facts
- Founded
- 2013
- Founders
- Pejman Nozad, Mar Hershenson
- Employees
- 11-50
- Sectors
- generalist, ai, saas, fintech, healthcare, biotech, climate, enterprise
- Website
- pear.vc
Investment thesis
Pear VC writes pre-seed and seed checks ($150K–$4M) into technology startups across AI, SaaS, enterprise, fintech, healthcare, biotech, and climate, pairing capital with in-house recruiting, go-to-market coaching, and accelerator infrastructure (PearX) to help founders build category-defining companies from day one.
Recent activity
- Aug 2026investmentPear VC participated in Maximum's $30M round. Maximum's thesis: banks need more than an AI upgrade. refreshmiami.com
- 2026productPearX W27 applications opened. Pear solicited ideas from top founders and operators rather than pitches, publishing a public "what we wish someone would build" list. x.com
- 2026productPear's Prime 2026 cohort placed new graduates at companies including OpenAI, Sierra, Cardless, and Vals AI. Some cohort members went on to found startups backed by Pear VC, a16z Speedrun, and Y Combinator. linkedin.com
- 2026investmentAndera (PearX S24) closed a $37M Series A led by Lightspeed. Pear had backed the company at pre-seed and seed before participating in this round. x.com
- May 2026investmentPear VC had invested in 270 companies as of May 2026, with 30 new investments in the prior 12 months. Most recently participated in a Seed round for Kin Health. tracxn.com
- Sep 2024productPear launched an Emerging Manager in Residence program, welcoming three new VCs into its offices over a 12-month cycle. The program targets operators transitioning into fund management. techcrunch.com
- May 2023fundraisePear closed its oversubscribed $432M Fund IV — a 270% step-up from its prior $160M fund — making it one of the largest seed-stage funds of its kind. Pejman Nozad credited the raise to the firm reaching its own product-market fit after ten years. pitchbook.com
- Jul 2026productPearX S26 accelerator batch launched, continuing the program's twice-yearly cadence. startupintros.com
- Apr 2026investmentPortfolio company Sudozi was acquired by Zone & Company Software Consulting. tracxn.com
- Mar 2026productPearX applications for the S26 cohort opened. The accelerator offers $250K–$2M per company over 12 weeks, with a reported 90% rate of follow-on raises. f4.fund
- Mar 2026investmentPear VC backed Nomadic in an $8.4M funding round alongside TQ Ventures and Google DeepMind. tracxn.com
- Feb 2026investmentPear co-led a Series A round in Amari alongside First Round Capital. f4.fund
Notable investments
- MaximumUnknownAug 2026refreshmiami.com
- AnderaSeries A2026x.com
- Kin HealthSeedMay 2026tracxn.com
- Vals AIUnknown2026linkedin.com
- Series (iMessage social platform)Pre-Seed ($5.1M)Jun 2026tracxn.com
- NomadicSeed ($8.4M)Mar 2026tracxn.com
- AmariSeries AFeb 2026f4.fund
- Therna BiosciencesSeed ($10.0M)2025vcbacked.co
- Insight HealthSeries A ($11M)Apr 2026tracxn.com
- Kin HealthSeed ($9M)2025linkedin.com
- PistonSeed ($7.5M)2025pear.vc
- Flax HealthSeed2025pear.vc
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Pejman Nozad · Founding Managing Partner
- Mar Hershenson · Founding Managing Partner
- Vivien Ho · Partner
- Keith Bender · Partner
- Addison Leong · Partner
- Matt Birnbaum · Talent Partner
- Naomi Chetrit Band · Head of Dorm / Senior Associate
Sources
- Pear VC – Wikipedia
- PearX W26 apps now open – Pear VC
- Inside PearX: TrueMeter (W25) raises Seed – Pear VC
- Pear VC Launches Residency Program – MyTechCompanion
- Pear VC – Boring Business Nerd
- Pejman Nozad – Pear VC
- Welcoming Matt Birnbaum – Pear VC
- Welcoming Naomi Chetrit Band – Pear VC
- Pear VC on X
- https://thetopvoices.com/story/pear-vc-opens-applications-for-fall-2025-female-founders-circle-ai-cohort
- https://pear.vc/resources/blog/?query-10-page=2
- https://www.linkedin.com/company/pear-vc
- https://startupintros.com/orgs/pearx
- https://tracxn.com/d/venture-capital/pear-vc/__la3yiLZnMG-zsy65LpTjSWl2Jf3gpGIX3Fla4qxDyHc
- https://f4.fund/firms/pear-vc
- https://refreshmiami.com/news/maximum-lands-30m-on-the-thesis-that-banks-need-more-than-an-ai-upgrade/
- https://x.com/pearvc?lang=en
- https://www.linkedin.com/in/arasha/
- https://techcrunch.com/2024/09/25/pear-wants-to-empower-up-and-coming-vcs-with-its-new-emerging-managers-in-residence-program/
- https://pitchbook.com/news/articles/pearvc-nozad-seed-fund-ai
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Frequently asked
What is Pear VC?+
Pear VC is a pre-seed and seed venture firm founded in 2013 and headquartered in Menlo Park, California. It runs PearX, a 12-week hands-on accelerator, alongside its investing arm, and backs founders from idea stage through to institutional rounds.
Where is Pear VC headquartered?+
Pear VC is headquartered in Menlo Park, United States.
When was Pear VC founded?+
Pear VC was founded in 2013 by Pejman Nozad, Mar Hershenson.
What sectors does Pear VC invest in?+
Pear VC focuses on generalist, ai, saas, fintech, healthcare, biotech, climate, enterprise. They primarily invest in these sectors.
How do I prepare for a meeting with Pear VC?+
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