NYC Rises as a Hub for Software-as-a-Service and NextGen Commerce Startups
Primary Venture Partners is a venture capital firm focused on early-stage transformative, NYC-based technology companies in the industries it knows best: SaaS and NextGen Commerce.
Primary NYC Seed Deal Report: Q3 2016
The venture industry has been slower to reset from 2015’s red-hot funding and valuation rates than many anticipated, with many VCs responding to ongoing market uncertainty with diminished appetite for risk. Q3 2016 saw just 32 Seed deals, totaling $57.5MM. The quarter saw 29% fewer deals than Q2 and 57% fewer than this quarter last year.
SaaS in NYC: The Time is Now!
Primary Partner Brad Svrluga examines the blossoming SaaS activity in New York City, and proves that NYC is poised to become a genuine leader in the formation of companies leading the next wave of enterprise transformation.
Vestwell, combining technology and the human touch in FinTech
A new regulation in the retirement investment industry, combined with a $25 trillion market opportunity, make for fertile ground for innovation. In this case, that innovation is our latest FinTech investment, Vestwell: the industry’s only full-fiduciary, white-label defined contribution platform that enables financial advisors to better serve employees and employers.
Introducing Ollie, and why we're so excited to eat our own dog food
We are thrilled to introduce Ollie, which delivers freshly made human-grade pet food direct to your doorstep, complete with nutritional information and a tailored feeding plan for your dog. We conceptualized and incubated the idea for Ollie with founders Alex Douzet, Gabby Slome and Randy Jimenez, and given its timing, disruptive focus and enormous market opportunity, Ollie is poised for huge success.
Wal-Mart to Acquire Jet.com for $3.3 Billion
Wal-Mart Stores Inc. signed a $3.3 billion deal to buy web retailer Jet.com Inc., bringing in some outside help to jump-start growth at the retail giant’s e-commerce operations.
Bounce Exchange Named #1 Fastest-Growing Software Company
Bounce Exchange has been recognized by the Inc. 5000 as the #1 fastest-growing software company in the US, and the 7th fastest-growing company overall, having grown revenue 14,574% in just three years.
Healthify Raises $2.5 Million to Improve Community Health
Unaddressed social needs, like food insecurity and housing instability affect millions of Americans and cost an estimated $85 billion a year in additional healthcare spending. Healthify’s platform empowers healthcare staff to find and match the appropriate community-based agencies for high-risk patients to improve overall health outcomes.
Wholesale order app Handshake raises $14M Series B for international growth
Handshake, a maker of wholesale order apps for mobile, will target new overseas markets after raising a $14 million Series B. The round was led by Sozo Ventures and includes returning investors Emergence Capital, SoftTech VC, BOLDstart Ventures, MHS Capital, Point Nine, and Primary Venture Partners.
MakeSpace Raises $17.5 Million For Hassle-Free Storage Units
MakeSpace is a convenient alternative to traditional storage, by making it easy to access your items without ever taking a trip to the facility. MakeSpace offers competitive pricing and guarantees that the rates will never increase.
Food Startup Maple Lands $22 Million
Maple, a startup reinventing restaurant-delivery by opening a delivery-only kitchen in NYC, raised a $22 million Series A round.
Pandora Acquires Ticketfly for $450MM
Combination will change the face of live entertainment, realizing the vision of a truly ‘full stack music platform'
Softbank Invests $1 Billion in Coupang
Coupang is Korea’s fastest growing e-commerce company and is positioned to be the “Amazon of Korea”.