TechCrunch Disrupt’s dramatic curtain has officially lifted on Mirror, a cloud-based fitness platform that offers consumers personalized boutique fitness classes across a variety of devices, including the company’s first hardware offering: a full-size, in-home, digitally enabled mirror.
Do you love rolling your sleeves up and figuring out how to build successful companies? We’re looking for a Senior Associate/Principal to join our investment team and focus on new incubation investment opportunities.
Just because a client has purchased your product does not mean they’re “live,” and being “live” certainly does not mean that their usage is where you want it to be. Here, we’ll focus on proper post-sale customer onboarding and implementation, specifically as it relates to seed and pre-seed ventures.
Latch raised a $70 million Series B, which values the startup at more than $250 million. This is a significant milestone for the smart lock company, which has been redefining enterprise-grade access control since its inception in 2014.
Financial management is one of the most critical pillars to helping a startup successfully navigate the path to Series A. Having seen the enormous success of the firm’s Talent Program over the last several years in accelerating early-stage talent development, Primary was looking to bring on an Operating Partner to shift the early-stage finance narrative in the same way.
While enterprise SaaS platforms continue to dominate the seed landscape in our city, real estate and FinTech platforms showed some reinvigoration, each accounting for 14% of total rounds. Platforms that synthesize big data, as well as those that ensure consumer security also received notable attention in Q2.
After a lackluster start to 2018, New York City saw 42 seed rounds in Q2 - up 62% from Q1. Total funding rolled in at $66.9 million, up 67% over Q1. Compared to Q2 2017, we’re now up 14% in deals, and right on par with dollars raised.
We’re proud to introduce the new Primary Tech Council, a group whose threefold mission is to: 1) Identify and attract more engineering-driven businesses in our ecosystem; 2) Help us be more efficient and sophisticated evaluators of tech and tech talent; and 3) Serve as advisors and mentors to the engineering leaders in our portfolio as they move from Seed to Series A.
As someone who’s sat on dozens of boards, here’s one trap I want to warn you of: Don’t assume that your board members are up to speed. In fact, you should assume the exact opposite, and make it a priority to continually re-educate us on your mission, your strategy, your messaging and what it is that makes your business so unique.
We are incredibly proud to announce the close of Primary Fund II, a new, $100 million vehicle. This is an exhilarating moment for us, in no small part because it means we get to continue doing what we love doing: Partnering with some of the best founders in NYC as they build industry-redefining companies.
As Seed investors, we’ve always been founder-first in choosing the companies with which we partner. We firmly believe in the most overused maxim of venture investing: The jockey is more important than the horse.
When we launched our first fund back in 2014, we wanted to focus on a metric that would give our companies the best shot at success while also clearly demonstrating our overall progress and health of the fund. That metric we is Seed to Series A “graduation rate,” and it’s this idea that has ultimately become the bedrock of our strategy.