SAN JOSE, Calif., June 15, 2021 /PRNewswire/ — Pegasus Tech Ventures (“Pegasus”), a world wide venture cash organization managing over $1.5 Billion in belongings, has acquired seed and early-phase enterprise capital organization Garage Engineering Ventures, based mostly in Palo Alto. The phrases of the acquisition have been not disclosed.
Pegasus Tech Ventures Acquires Famous Silicon Valley VC Fund Garage Engineering Ventures
Garage Technological know-how Ventures turned renowned for the duration of the early days of the Online as just one of the to start with “accelerator” money, achieving out to startup business people around the world via its “Art of the Start off” conference and supporting to launch breakout firms like Pandora Media, Electronic Fountain, LeftHand Networks, WhiteHat Stability, MiaSole, CaseStack, D.gentle Structure, Price tag.com, SimplyHired, People.ai, and quite a few additional.
Invoice Reichert, co-founder of Garage and a serial entrepreneur early in his occupation, has joined the Pegasus crew as a common partner. He will be dependable for offer sourcing, because of diligence, financial commitment, and portfolio administration throughout all the Pegasus money. In addition, he serves as Chief Evangelist of the Startup Earth Cup worldwide competitors and as aspect of the college at Pegasus College, the firm’s corporate innovation schooling application.
Pegasus Tech Ventures, with its headquarters in Silicon Valley and presence in 15 other spots close to the earth, was launched by Dr. Anis Uzzaman in 2011 and has invested in excess of 180 startups in the U.S. and globally. Pegasus has grow to be the leader in giving “Venture Cash as a Company” (VCaaS), with extra than 35 multinational businesses partnering with Pegasus to assistance their Open up Innovation growth tactics. Pegasus has invested in many top rated tier worldwide substantial-tech leaders, which includes SpaceX, 23andMe, SoFi, Bird, Gojek, Carbon, Tranquil, Coinbase, and Coloration, among the other people. The Pegasus product is concentrated on aiding its portfolio organizations broaden in the U.S. and globally by leveraging its network of company associates, investors, and business owners.
“I have been operating with the Pegasus Tech Ventures Crew for the very last 5 a long time, and I have been incredibly amazed by the Pegasus advancement, now with about 35 company partners and over $1.5 Billion beneath administration,” explained Invoice Reichert. “Having acquired by a worldwide VC player gives a huge system to leverage the community and skills of Garage Engineering Ventures, enabling us to do the job together to reach a lot more entrepreneurs, assistance far more company partners, and speed up everyone’s results.”
“We are satisfied to welcome Bill Reichert and the Garage Technological know-how Ventures crew to the Pegasus Tech Ventures relatives,” stated Anis Uzzaman, Founder and CEO at Pegasus Tech Ventures. “Garage Technological know-how Ventures delivers many years of Silicon Valley practical experience and more strengthens the Pegasus team.” Pegasus now has more than 110 folks in 16 spots all over the world.
About Pegasus Tech Ventures
Pegasus Tech Ventures is a world enterprise cash organization primarily based in Silicon Valley with around $1.5 Billion in Belongings Beneath Administration. Pegasus offers intellectual and economical cash to rising technologies corporations about the world. In addition to providing institutional buyers a top-tier undertaking capital expenditure approach, Pegasus also provides a distinctive Undertaking Capital-as-a-Support (VCaaS) model for large, international corporations that would like to partner with chopping-edge technological innovation startups. Some of the 35+ company associates that have partnered with Pegasus consist of ASUS, Aisin, SEGA, Sojitz, and Omron. These corporations are in a position to have access to 180+ Pegasus portfolio corporations these types of as SpaceX, 23andMe, SoFi, Chook, Coloration, Carbon, Vicarious, and quite a few far more. To study more, go to: www.pegasustechventures.com.
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