Pegasus Tech Ventures Acquires Garage Technology Ventures

by businessinsider.com posted 1month ago 30 views
Summary List PlacementFor 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. Pegasus Tech Ventures, founded by Anis Uzzaman, announced on Wednesday that it has acquired Garage Technology Ventures for an undisclosed sum. It's extremely rare for one VC firm to buy another. The more common exit for a firm is to disband.

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