Early Stage Venture Capital Prime Venture Partners Closed Third Fund Of $60Mn
An early stage venture capital (VC) firm, Prime Venture Partners, has closed the third fund worth $60 million (approx INR 400 crore).
The new funds will be invested in sectors like online financial services, healthcare, education, logistics and enterprise software said the VC.
It closed its first fund in 2012 with a corpus of $8 million; its second fund was closed in 2015 when it raised $46 million. The fund invests in 3-5 technology companies every year. One of its earlier portfolio company ZipDial, a mobile marketing firm, was acquired by Twitter in 2015.
In 2017, Prime Ventures invested in online lending firm MoneyTap, digital payments startup Ezetap, B2B software provider Synup, and online skill assessment portal HackerEarth, and fintech start-up NiYO solutions.
In the healthcare segment, the firm has investments in Delhi-based AffordPlan, a fintech start-up which helps patients to find affordable healthcare around them, and Maya, which focuses on women’s reproductive health.