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Prime Venture Partners Launches $100M Fund V

  • Prime Venture Partners has launched its fifth fund with a size of $100 million to invest in early-stage companies across sectors.
  • The firm plans to invest in 16-18 startups over the next four to five years, with a focus on fintech, AI/deeptech, global SaaS, and digital India.
  • The new fund has already received 80% of the capital from global institutional investors, including family offices, university endowments, and fund-of-funds.
  • Prime Ventures has strategically increased its first cheque size to $2-4 million from $500,000 over the years.
  • The firm has backed over 50 Indian early-stage startups and has about $300 million in assets under management.

Source: Moneycontrol, Mint

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