Primary Ventures raises healthy $625M Fund V to focus on seed investing https://t.co/7LT14gqAze ...

Core Insights - Primary Ventures has closed a $625 million Fund V focused on seed investing, indicating a significant increase in early-stage round sizes, particularly in the AI sector [1] - The average check size for Fund V will range from $5 million to $10 million, with plans to invest in 40 to 50 companies over three years, including pre-seed investments [2] - The firm has expanded its investment geography beyond New York, now including cities like Chicago, Seattle, Virginia, and D.C., reflecting a broader talent pool and startup ecosystem [3] Investment Strategy - Primary Ventures identifies as a generalist but has sector specialists focusing on areas such as consumer, vertical AI, fintech, healthcare, enterprise, cybersecurity, and infrastructure, covering approximately 80% to 90% of seed sector activities [4] - Fund V has already made investments in three companies, continuing a trend of increasing fund sizes from previous funds: $60 million in Fund I, $100 million in Fund II, and $150 million in Fund III [4] - The firm has raised a total of $275 million for its funds and an additional $163 million for an opportunity fund, with notable investments in AI chip company Etched, risk management platform Alloy, women's networking hub Chief, and AI marketplace Dandelion Health [5] Market Context - The rise in seed fund sizes is part of a competitive landscape where firms are vying for high-potential deals, with other firms like Sequoia and Uncork Capital also raising substantial seed funds recently [3]

Increasingly on this program at all of the dinners I'm going to there is a big battle to get in earlier. Actually, sometimes founders don't really have a fully baked idea. And reading your notes and the thesis, but also being subscribe, it's a tasting notes uncorked newsletter.That's that's kind of where the focus is right now. Absolutely. So here at Oncor, we are focused on seed investing.So we typically write the first institutional check into a company. We are really excited about what we're seeing in AI ...