Primary Ventures
Primary Ventures is a New York-based early-stage venture capital firm managing approximately $1.65 billion in assets under management. The firm invests $5-$10 million seed and pre-seed checks into technology and AI startups across the United States, targeting 40-50 portfolio companies from its $625M Fund V.
- Company typePrivate
- Founded2012
- HeadquartersBuenos Aires, Argentina
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Primary Ventures does
Primary Ventures is a New York-based early-stage venture capital firm founded in 2012 that invests seed and pre-seed capital into technology and AI-driven startups across the United States. The firm writes checks of $5 million to $10 million and, following the close of its fifth fund (Fund V) at $625 million, manages approximately $1.65 billion in total assets under management. Fund V is being deployed across a targeted portfolio of 40 to 50 companies over a three-year horizon, with an explicit thesis that seed-stage investing has matured into a distinct asset class driven by front-loaded capital demand from AI and technology markets.
The firm's product is capital allocation plus venture partnership; it does not sell software, services, or technology products itself. Revenue is generated through the standard venture fund model: management fees on committed and deployed capital, supplemented by carried interest earned on successful portfolio company exits. Deal sourcing is conducted through founder networks, co-investor relationships, and portfolio referrals rather than traditional marketing or distribution channels, consistent with institutional seed-stage practice.
The portfolio is concentrated in seed and pre-seed rounds, with disclosed activity including a lead role in the $25 million seed round for The Biological Computing Co. (TBC) in February 2024, a San Francisco-based startup developing biological computing platforms that integrate living neurons with AI systems for computer vision and generative AI workloads. The firm is privately held, headquartered in New York, and operates with a small core team; co-founder Ben Sun has publicly articulated the firm's positioning around AI-driven capital front-loading at the seed stage.
Primary Ventures firmographics
Firmographics- Name
- Primary Ventures
- Legal name
- Primary Ventures
- Website
- https://primary.ventures
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Primary Ventures is a New York-based early-stage venture capital firm managing approximately $1.65 billion in assets under management. The firm invests $5-$10 million seed and pre-seed checks into technology and AI startups across the United States, targeting 40-50 portfolio companies from its $625M Fund V.
- Ownership category
- akta.pro rank
Primary Ventures industry classification
Industry- Product category
- Venture Capital / Seed-Stage Investing
- NAICS
- Portfolio Management and Investment Advice (523940), Miscellaneous Financial Investment Activities (523999)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
- akta.pro secondary industry
- Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)
Keywords
Where Primary Ventures is headquartered
LocationHeadquarters
- HQ city
- Buenos Aires
- HQ country
- Argentina
- HQ region
- Latin America
Offices1 record
Markets served
Primary Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
Revenue model
- Venture Capital Fund Management: Primary Ventures generates returns through management of venture capital funds. The firm raised $625 million for Fund V and manages approximately $1.65 billion in total assets under management. Revenue is derived from management fees and carried interest from successful portfolio company exits.
Go-to-market motion1 record
Primary Ventures product offering
Product offeringCore offering
Primary Ventures is an early-stage venture capital firm that manages and deploys seed and pre-seed investment funds into technology and AI startups across the United States. The firm writes checks between $5 million and $10 million, with Fund V closed at $625 million targeting 40 to 50 portfolio companies over three years. Revenue is generated through management fees and carried interest on fund performance.
Product overview
Primary Ventures is a New York-based early-stage venture capital firm without a product portfolio. It manages funds (Fund V at $625 million) and makes seed and pre-seed investments in technology startups across the United States, writing checks between $5 million and $10 million to support 40 to 50 startups. The firm targets investments in artificial intelligence and technology-driven companies. No specific product, platform, or service offerings are described in the available sources.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Targeting 40-50 portfolio companies over 3 years from Fund V
Companies that use Primary Ventures
Customer profileIdeal customer profiles2 records
Primary Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Primary Ventures partnerships and signals
Strategic signalScale indicators4 records
Recent moves3 records
Expansion highlights4 records
Primary Ventures competitors and assessment
Company assessmentDirect peers
- Bloomberg Beta: Early-stage VC firm focused on the future of work and enterprise technology with seed-stage check sizes. Comparable on stage, B2B/tech orientation, and seed investing posture.
- Notation Capital: Seed-stage venture firm focused on technical founders building infrastructure and developer tools in the US. Comparable to Primary Ventures on stage, thesis orientation around tech/AI, and disciplined seed check sizing.
- Lerer Hippeau: New York-headquartered early-stage VC investing in seed and Series A consumer and tech companies with comparable check sizes. Direct peer on stage, geography, and emerging-company focus.
- BoxGroup: New York-based seed-stage venture capital firm writing similarly sized early checks into US technology startups. Directly comparable to Primary Ventures on stage, geography, check size philosophy, and AI/tech-forward thesis.
- Collaborative Fund: US-based early-stage venture firm investing in seed and Series A across tech, with thesis-driven thematic investing similar to Primary Ventures' AI/tech focus.
- Founder Collective: Early-stage venture capital fund that leads seed rounds in technology companies across the US. Closely comparable to Primary Ventures on stage, sector focus, and seed-lead posture.
Regional players
- Forerunner Ventures: US-based early-stage VC with consumer-leaning thesis investing at seed and Series A. Comparable on US geography and stage, though more consumer-tilted than Primary Ventures' tech/AI bias.
Broad incumbents
- Flybridge Capital Partners: Established US venture capital firm investing across seed, early, and growth stages in technology companies. Wider-stage incumbent with overlapping early-stage activity versus Primary Ventures' seed focus.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks4 records
Key highlights5 records
Customer concentration
Primary Ventures social profiles
Digital presencePrimary Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Primary Ventures leadership team
Management profileNumber of profiles
Profiles1 record
Primary Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Primary Ventures M&A and investment
M&A and investmentM&A
Investments32 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Primary Ventures
What does Primary Ventures do?
Primary Ventures is an early-stage venture capital firm that manages and deploys seed and pre-seed investment funds into technology and AI startups across the United States. The firm writes checks between $5 million and $10 million, with Fund V closed at $625 million targeting 40 to 50 portfolio companies over three years. Revenue is generated through management fees and carried interest on fund performance.
Is Primary Ventures a public or private company?
Primary Ventures is a private company. It is classified as venture growth investor backed and is currently operating.
When was Primary Ventures founded?
Primary Ventures was founded in 2012. It employs 1 to 10 people.
Where is Primary Ventures based?
Primary Ventures is headquartered in Buenos Aires, Argentina, in the Latin America region.
How does Primary Ventures make money?
One revenue line is on record: venture Capital Fund Management.
Who are Primary Ventures's main competitors?
Direct peers on record are Bloomberg Beta, Notation Capital, Lerer Hippeau, BoxGroup, Collaborative Fund and Founder Collective. Forerunner Ventures is listed as a regional player. Flybridge Capital Partners is listed as a broad incumbent.
Does Primary Ventures have an API?
No public API is recorded for Primary Ventures.
What industry is Primary Ventures in?
Primary Ventures's product category is Venture Capital / Seed-Stage Investing. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSANAAAA, Early-Stage Venture Capital (Pre-Seed/Seed). Its NAICS code is 523940 and its SIC code is 6282.