Seed

Damir Becirovic left Index after 10 years to launch Relentless, a provider of 'seed capital for founders doing their life's work.'

Investors include BDC Capital and Fonds de solidarité FTQ, as well as more than 30 family offices and domestic and international angel investors.

WndrCo says the funds will target 'high-potential companies solving big problems across the future of work, consumer technology, cybersecurity and developer infrastructure.'

Fund IV, which closed on $60m, listed a target of $100m in a regulatory filing when it began fundraising in June 2022.

The Silicon Valley-based firm has raised nearly $73m across three funds since its founding in 2014.

The UK government-backed investor joined Spanish investment firm Aldea Ventures, UK impact investor Big Society Capital, US family offices and funds-of-funds managers.

Pear is made up of 'some of the hardest working VCs I’ve ever met,' says Joanna Rupp, who manages the $2.8bn PE portfolio for the University of Chicago's endowment.

Investors in previous Pear funds include the Inasmuch Foundation, Los Angeles Fire & Police Pension System, the Richard King Mellon Foundation and the Passport Foundation, according to Venture Capital Journal research.

Playfair Capital, a seed investor focused on the UK and Europe, has raised $70 million for its third tech-focused pre-seed fund, growing its overall fundraising total to $140 million.