Primary Venture Capital raises $150M third fund to back NYC startups

Primary Venture Capital raises $150M third fund to back NYC startups

3 years ago
Anonymous $rH7oE7DjRg

https://techcrunch.com/2021/02/24/primary-venture-capital-third-fund/

Primary Venture Partners, a firm focused exclusively on investing in New York-area startups, has raised $150 million in its third fund for seed investments (its largest so far), as well as $50 million for the Select fund it uses to participate in later-stage rounds.

The firm’s portfolio includes New York success stories like Jet.com (acquired by Walmart for $3.3 bill million), Mirror (acquired by Lululemon for $500 million) and Latch (which is planning to go public via SPAC). And the firm has doubled down on its association with New York by publishing an NYC Founder Guide.