Fund News
Prime Venture Partners closes fifth fund with $100-M
Bengaluru-based venture capital fund Prime Venture Partners has closed its fifth fund racking up USD 100 million. The fresh corpus will be deployed significantly in the fintech sector, one of the core focus areas for the firm, along with startups operating in the data privacy space and financial services infrastructure.The firm will continue to invest in startups at the early stages with an average cheque size of USD 2.5 - 3 million. A small portion of the capital will be kept aside for follow-on rounds.The fund has received 80% commitments from global family offices, trusts, fund of funds and university endowments from across the US, Europe and the Gulf region.
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