Prime Ventures Closes Fourth Fund at 170 Million Euro
Prime Ventures held the final closing of Prime Ventures IV with total committed capital of nearly 170 million euro. With this capital Prime Ventures will continue its strategy of investing in fast growing European companies in IT and related technologies.
The fund will make investments of 5 up to 25 million euro each and focuses on the most promising start-ups who have the potential to break through on a global scale. Investments will be made in internet, software, and high-tech companies. Besides growth capital Prime Ventures offers its entrepreneurs to make use of its extensive international network of contacts. Furthermore, entrepreneurs can benefit from Prime Ventures' broad experience in building international growing companies. Four investments have been made already by the new fund: Applift, Bright Computing, Digital Origin, Falcon Social. More investments are expected to be announced in the coming weeks. Examples of previous investments are Global Collect, Silicon Hive, Civolution, Intrinsic-ID, IPDIA, Takeaway, Mendix, and Applift.
Giants of tomorrow
Sake Bosch, founder of Prime Ventures: "We feel honored with the confidence given to us by our investors to further invest in the most ambitious technology companies in Europe. We see a growing number of entrepreneurs who have successfully developed a new product or service and who are eagerly seeking capital to accelerate their growth. By teaming up with these innovative entrepreneurs we want to contribute to building the giants of tomorrow."