VC firm Prime announces 4th fund of $100 mn with first close of $75 mn

The firm also expects to focus on new areas such as decentralised finance (DeFi)/crypto, electric vehicle and gaming infrastructure platforms

Venture capital firm Prime Venture Partners has announced its fourth fund of $100 million, with the first close of $75 million. Prime had raised its last fund of $72 million in 2018, the second fund of $46 million in 2015, and a $8 million first fund in 2012.

It 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 existing focus areas of fintech, edtech, healthtech, consumer internet and global SaaS, the firm expects to expand into new areas. These include decentralised finance (DeFi)/crypto, electric vehicle,