Primary Ventures raises healthy $625M Fund V to focus on seed investing

Primary Ventures Levels Up Early-Stage Investing with a Massive New Fund

I've always believed that the early stages of startup funding are where the real magic happens, and Primary Ventures is proving just how transformative that space has become. Their freshly closed $625 million Fund V is a beast for a seed-focused firm, highlighting how AI is supercharging early rounds to unprecedented sizes. Co-founder Ben Sun shares that they'll be writing checks from $5 million to $10 million, targeting 40 to 50 companies over three years, and even dipping into pre-seed territory.

What stands out to me is their nationwide approach—no more New York exclusivity. Deals are popping up in San Francisco, Chicago, Seattle, Virginia, and D.C., because, as Sun puts it, top talent and startups are everywhere now. The potential for massive outcomes in this tech-driven era is exciting, positioning seed investing almost like its own powerhouse asset class.

Primary's generalist vibe with sector specialists in areas like vertical AI, fintech, healthcare, and more means they're equipped to back 80-90% of the seed landscape. It's smart strategy in a competitive field—bigger funds mean better resources for the best founders. They've already deployed into three companies from this fund, building on a strong track record with hits like Etched and Alloy, and managing $1.65 billion overall.

This evolution in seed funding is a wake-up call for entrepreneurs: scale your ambitions, because investors are ready to match them. Dive into the full article on TechCrunch to see how this shift could impact your next pitch.