Primary Venture Partners invests in early-stage transformative SaaS and NextGen Commerce companies, propelling them to success with deep industry expertise and unparalleled platform support.
Primary NYC Seed Deal Report: Q4 2016
In Q4, total deal volume and dollars raised held steady from the previous quarter, continuing the market's normalization from 2015's frothy investment pace. While overall deal volume remains down, the consistent investment rate among leading institutional seed investors in NYC suggests that there's been no drop-off in the top-quality deals that could become the city's next unicorns.
Primary Invests in enterprise access pioneer Latch
From the drafting table of two talented ex-Apple employees who partnered with a decades-old lock manufacturer comes Latch. The product differentiates itself in the smart lock market with a highly secure, enterprise-grade mortise lock and a sleek platform that elegantly addresses the pain points of large property managers.
Kang Health Raises $3.3 Million to Better Educate Patients
Alongside Mangrove Capital Partners, Lerer Hippeau Ventures and Comcast Ventures, Primary's latest investment is Kang Health: a platform that's indexing the world's health knowledge into an adaptive, personalized platform. The solution will replace the outdated online health forums and empower patients to make informed healthcare decisions.
Electric Raises $2 Million To Automate IT Services For Businesses
With increasing reliance on cloud apps, the potential for crippling IT problems is ever lurking, especially for SMBs without the resources for in-house IT support. The solution? Our latest investment in Electric: a 24/7 automated intelligent support channel for immediate response to customer IT enquiries.
Primary seeds 401K market innovator Vestwell
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. We invested alongside FinTech Collective, F-Prime and Commerce Ventures - deeply skilled and networked FinTech investors who share our belief that Vestwell has the potential to make a huge impact in an as-yet untapped segment.
Primary incubates and invests in D2C pet food brand Ollie
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 invested $770,000 alongside Lerer Hippeau Ventures, Canaan Partners, WME Venture Partners and Montauk Ventures.
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.
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”.
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.