IN OCTOBER 1998, Garage launched as garage.com. Initially operating as an accelerator, over the next five years Garage helped over 100 startups raise over $400 million, including such companies as Pandora Media, Tripwire, Lefthand Networks, SalvageSale, Hoku Scientific, and Digital Fountain.
Garage has also produced a highly acclaimed series of events including Bootcamp for Startups, Silicon Valley 4.0, The Art of the Start, and Launch: Silicon Valley.
Garage was initially funded by some of the leading venture capital firms and angel investors in the industry, including Advanced Technology Ventures, Silicon Valley Bank, Draper Fisher Jurvetson, Mayfield Fund, E*Trade, Highland Capital, and Sequoia Capital.
When the supply of early-stage venture capital dried up in 2002, we changed our name to Garage Technology Ventures and became a seed and early-stage venture capital fund. CalPERS, the California Public Employees’ Retirement Fund, is the lead investor in Garage’s first fund, the Garage California Entrepreneurs Fund, LP. Thomas Weisel Global Growth Partners became an investor in 2006.
IN 2021, Garage Technology Ventures has been acquired by Pegasus Tech Ventures.