DoorDash is a technology company that connects people with the best of their neighborhoods across the US, Canada, Australia, Japan, and Germany. We enable local businesses to meet consumers’ needs of ease and convenience, and, in turn, generate new ways for people to earn, work, and live. By building the last-mile logistics infrastructure for local commerce, we’re fulfilling our mission to grow and empower local economies.
Doordash + Pear
We met co-founders Tony, Stanley, and Andy at a demo day. Afterward, we spent an afternoon with the founders at a Palo Alto apartment that served as DoorDash HQ to talk through the team’s vision. Before we officially invested in the company, we introduced them to a UX designer in their network, which was a top hiring priority for them at the time.
Mar walked up and down University Avenue in Palo Alto with the founding team, meeting with restaurant owners to understand their needs and to assess the market opportunity for DoorDash. Convinced that the DoorDash team had a solution to the problem of meal delivery, we invested in DoorDash’s seed round and continued to support them with product consulting and mentorship.
We continued investing in subsequent rounds, sticking through the tough times of a down round. Along the way, the Pear team introduced DoorDash’s CEO, Tony Xu, to Softbank who led a $500M round for DoorDash.
DoorDash completed an IPO and is now a public company. We are proud to have already invested in three companies started by DoorDash alumni!
Sector
Consumer
First Investment
Seed
Current Stage
IPO
Headquarters
San Francisco, CA
When you first get started, you are always unsure of what you are doing. Pejman and Mar and the rest of the Pear team's philosophy has always been first and foremost to bet on the people. To a founder, there is nothing more confidence-inspiring and inducing than to have someone say that to you — that they have your back.
Tony Xu Co-founder & CEO, Doordash