Prime Venture Partners' Fund IV closes at $120 million

Prime Venture Partners, an early-stage India-focused VC fund, announced the final close of its fourth fund of $120 million. The fund was oversubscribed and has exceeded its target of $100 million in commitments. It will invest in disruptive technology companies across fintech, edtech, healthtech, consumer internet and Global SaaS. Prime will continue to focus on being the first institutional investor, maintaining its high-conviction and deep-support investing model in early-stage technology startups. In addition to prior focus areas, the firm has expanded its portfolio into new areas, notably, EVs, B2B, Web3 and Gaming infrastructure platforms. 

With this closing, the new fund