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Pegasus Tech Ventures, a VC firm connecting big Asian corporations with hot startups, just bought a boutique firm with a long Silicon Valley history

12 days ago   |   By Business Insider

Summary List Placement 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.
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.
As part of the deal...
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