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Primary Venture Partners focuses on seed-stage investments, concentrating on enterprise SaaS and ecommerce, with a NYC-oriented geographic focus. It helps early-stage companies in these sectors grow by providing capital and hands-on support through its network and partners. The approach differs from many investors by maintaining a strong local NYC footprint and domain expertise in its two target sectors, rather than broad, generalist investing. The goal is to help startups reach scale and build lasting, successful businesses in the NYC ecosystem.
Industries
Venture Capital
Consumer Software
Enterprise Software
Company Size
51-200
Company Stage
N/A
Total Funding
$3.3B
Headquarters
New York City, New York
Founded
2015
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Total Funding
$3.3B
Above
Industry Average
Funded Over
0 Rounds
Remote Work Options
Flexible Work Hours
Health Insurance
401(k) Retirement Plan
Paid Vacation
Paid Holidays
Professional Development Budget
Conference Attendance Budget
The Biological Computing Company (TBC) has raised $25 million in a Series C round led by Primary Venture Partners, with participation from Builders VC, Refactor Capital, Wonder Ventures, E1 Ventures, Proximity and Tusk Ventures. The company has become the first ever paid by a customer for biological compute — a commercial transaction for computational work performed by living neurons. TBC connects living neurons to electrodes and uses them as a computing substrate alongside AI systems. Its first product has demonstrated a 23-times improvement in video model efficiency. The company leverages biology's energy advantage: the human brain delivers approximately one exaflop of power on 20 watts, whilst NVIDIA's Blackwell requires around 120,000 watts for equivalent throughput. Founded in 2021 by neurosurgeons Alex Ksendzovsky and Jon Pomeraniec, TBC represents the commercialisation of a new computing substrate addressing AI infrastructure's escalating energy demands.
We are very excited to announce that we have closed a strategic financing of $4.5M. This additional capital will allow us to continue to fuel Hammerhead’s growth and some very exciting initiatives that we are excited to share with you soon.
Pro rata premium: first look. 9 hours ago Venture Capital | Frore Systems, a San Jose, Calif.-based data center cooling provider, raised $143m in Series D funding at around a $1.6b valuation. MVP Ventures led, joined by Fidelity, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures. Go deeper | ReNew Green Energy Solutions, an Indian decarbonization company, raised $95m. LeapFrog Investments led, joined by Emerging Market Climate Action Fund and Carlyle AlpInvest as co-investors. Go deeper | GA Drilling, a Houston-based geothermal drilling tech developer, raised $44.1m, including $19.4m converted from a SAFE. TomEnterprise led, joined by Underground Ventures. Go deeper - Atlys, an Indian digital visa processing platform, raised $36m in Series C funding. Susquehanna Asia Venture Capital led, joined by Elevation Capital, Long Journey Ventures, Peak XV Partners, and MakeMyTrip. Go deeper - MetaComp, a Singaporean digital assets infrastructure firm, raised $35m from Alibaba, Spark Venture, and existing investors. Go deeper - Fuse, an NYC-based loan origination system startup, raised $25m in Series A funding from Footwork, Primary Venture Partners, NextView Ventures, and Commerce Ventures. Go deeper - Chorus Intelligence, a U.K. provider of digital intelligence and investigative software, raised £15m from Maven Capital Partners. Go deeper | WeSort.AI, a German developer of recycling sorting tech, raised €10m from Infinity Recycling, Green Generation Fund, Vent.io, and the Sprind agency. Go deeper | AgZen, a Somerville, Mass.-based developer of smart irrigation systems for crops, raised $10m in Series B funding. DCVC Bio led, joined by Material Impact and Astanor. Go deeper - Choice, a Prague-founded SaaS for restaurants, raised $7.1m in Series A funding. Alea Capital Partners led, joined by Reflex Capital, Smartlink, and J&T Ventures. Go deeper - Certiv, a Seattle-based endpoint security startup for AI agents, raised $4.2m in pre-seed funding from Aviso Ventures, Founders' Co-op, and Fortson. Go deeper | Grodi, Spanish robotic crop sensor and data provider, raised €2.5m. Swanlaab Innvierte Agri FoodTech led, joined by Axon Desarrollo Andalucía and Innvierte. Go deeper - Eileen, a Pittsburgh-based retail tech startup, raised $1m in pre-seed funding led by Top Shelf Ventures. Go deeper Private Equity - Apollo is in talks to buy a significant minority stake in Syntegon, a German packaging machine company owned by CVC Capital Partners, per Bloomberg. It could value the company at $4.6b. Go deeper - Black Bay Partners invested in Altara, a Rogers, Ark.-based provider of H2S removal solutions from sour oil and water production. Go deeper - Capstone Point Holdings acquired the entertainment media division of Optimal, a media planning and buying agency backed by ORIX Capital Partners. Go deeper - GoldState Music and TA Associates invested in Too Lost, a music tech and services platform for independent artists and record labels. Go deeper - Nordic Capital acquired TradingHub, a London-based provider of surveillance software for financial institutions, from Summit Partners (which retains a minority stake). Go deeper - PennAero, a portfolio company of Tinicum and Blackstone, acquired the aerospace assets of TriMas, a Bloomfield Hills, Mich.-based packaging materials company. Go deeper - Proviso Capital acquired American Color Imaging, a Cedar Falls, Iowa-based professional photography lab and imaging services provider. Go deeper - Technimark, an Oak Hill Capital portfolio company, acquired Rage Custom Plastics, a Hilliard, Ohio-based provider of blow and injection-molded plastic products for health care. Go deeper Public Offerings - Janus Living, a Denver-based senior housing REIT being carved out of Healthpeak Properties (NYSE: DOC), set IPO terms to 37m shares at $18-$20. It would have a $4.8b fully diluted value at the midpoint and plans to list on the NYSE (JAN). Go deeper Liquidity - Apple (Nasdaq: AAPL) acquired MotionVFX, a macOS video effects and plugin maker backed by Seronera Capital Partners. Go deeper M&A - Abra Financial, a crypto wealth management platform, agreed to go public through a reverse merger with New Providence Acquisition Corp. III (Nasdaq: NPACU)at a $750m valuation. The combined company is expected to trade on Nasdaq under ticker ABRX. Go deeper | Polestar (Nasdaq: PSNY), the Swedish EV maker, closed $300m in equity investments from Crédit Agricole CIB, Vida Finance, Innovator and Proximastar Holdings Company. Go deeper - Thistle Initiatives, a London-based regulatory consultancy, acquired Tori Global, a British financial services consulting firm. Go deeper Fundraising | Copenhagen Infrastructure Partners raised $1.5b in an initial close of its second energy transition credit fund, which is targeting $2.3b. Go deeper - Orion Resource Partners, specializing in mining and minerals, raised $2.2b for its fourth fund. Go deeper It's Personnel | Arevon Energy promoted Justin Johnson to CEO after he'd been serving in an interim capacity. Go deeper - Conway Ekpo, formerly of Brex and Morgan Stanley, joined Synctera as general counsel. Go deeper | Eric Farina joined Citigroup as global co-head of infrastructure financing and capital solutions. Farina was previously managing director of Morgan Stanley's private capital markets group. Go deeper Odds & Ends | Wallbox, a Spanish EV charging and energy management provider, received an NYSE non-compliance warning for falling below the exchange's $50m minimum average market cap. Go deeper - Ryan Barwick, Natalie Breymeyer, Erin Brodwin, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Chris Metinko, Chelsea Naso, Alan Neuhauser, Dan Primack, and Brock E.W. Turner contributed to this report.
The startup also announced a $5 million "rescue fund" to help credit unions ditch legacy software for its AI-native platform.
Multitude Insights has raised $10 million in Series A funding led by Primary Venture Partners to scale its AI-powered intelligence sharing platform for law enforcement. The company's platform, BLTN, modernises how police departments analyse and distribute information about suspects, missing persons and dangerous situations across jurisdictions. Co-founder Matt White said most law enforcement software remains decades outdated and wasn't designed for real-time intelligence sharing between departments, leaving officers to manually search through emails and contact neighbouring agencies for information. The platform surfaces patterns and connections but leaves final decisions to officers, displaying source data and confidence levels to prevent AI drift. White emphasised that BLTN provides information rather than making autonomous decisions, with officers retaining accountability for assessing data links. The funding will support expanded integrations and agency adoption.
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Industries
Venture Capital
Consumer Software
Enterprise Software
Company Size
51-200
Company Stage
N/A
Total Funding
$3.3B
Headquarters
New York City, New York
Founded
2015
Find jobs on Simplify and start your career today