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Pegasus Tech Ventures Acquires Legendary Silicon Valley VC Fund Garage Technology Ventures
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Pegasus Tech Ventures This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Pegasus Tech Ventures is acquiring Garage Technology Ventures, a firm with a dot-com era pedigree. Such acquisitions are rare.
Pegasus is backed by many Asian corporations such as Asus and has invested in Coinbase and DoorDash.
Pegasus CEO Anis Uzzaman told Insider this deal will boost its Silicon Valley deal-sourcing prowess.
For the past 10 years, Pegasus Tech Ventures has connected Asian corporations with a roster of high-flying startups such as Coinbase, DoorDash, and Bird. Now the venture firm with $1.5 billion in assets is seeking to spread its wings in Silicon Valley further, by buying a firm with internet-pioneer cred.