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Primary Venture Partners

Seed-stage VC for SaaS and ecommerce

Overview

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.

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About Primary Venture Partners

Simplify's Rating
Why Primary Venture Partners is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Venture CapitalConsumer SoftwareEnterprise Software

Company Size

51-200

Company Stage

N/A

Total Funding

$3.6B

Headquarters

New York City, New York

Founded

2015

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Simplify's Take

What believers are saying

  • Primary led Zero's $10.3 million seed on Sept. 15, 2026, backing AI CRM.
  • Fund V targets 40-50 companies over three years, leaving room for ownership.
  • Primary's portfolio keeps maturing: Inspiren raised $70 million on Sept. 15, 2026.

What critics are saying

  • Zero faces Attio and Clay, whose August 2025 and 2026 financings dwarf it.
  • Fund V's $625 million checkbook forces Primary to own more crowded seed rounds.
  • If Primary's operator-heavy platform stops producing Series A follow-ons, LP patience collapses.

What makes Primary Venture Partners unique

  • Primary closed Fund V at $625 million on Feb. 11, 2026, scaling seed.
  • Its 60-person operating team and MLT alliance turn hiring into a proprietary advantage.
  • Cassie Young's enterprise AI thesis fits NYC founders building GTM-heavy software.

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Funding

Total Funding

$3.6B

Above

Industry Average

Funded Over

0 Rounds

Benefits

  • Remote Work Options
  • Flexible Work Hours
  • Health Insurance
  • 401(k) Retirement Plan
  • Paid Vacation
  • Paid Holidays
  • Professional Development Budget
  • Conference Attendance Budget

Company News

PETage
Oct 14th, 2026
AI Sales Rep startup Forgepoint raises $9.8M to help manufacturers quote faster.

AI Sales Rep startup Forgepoint raises $9.8M to help manufacturers quote faster. Pet Age Staff//October 14, 2026// American manufacturers can often make a part faster than they can get a quote back to the customer asking for it. That mismatch is the result of decades of automation reaching the shop floor, but rarely the office around it. Forgepoint is tackling that with Frank, an AI Inside Sales Rep built for manufacturing. Frank works alongside quoting teams across the emails, documents, pricing logic, and systems they already use, helping them move from incoming request to customer-ready quote far faster. Forgepoint recently announced a $9.8 million seed round led by Primary Venture Partners and a16z speedrun, with angel investors from OpenAI, Brex, Vercel, and SoFi also participating. The funding will bring Frank to more manufacturers, deepen integrations with the systems they already use, and grow its world-class team. Frank analyzes part files, prepares pricing using each manufacturer's own cost model, routes engineering work for human review, and follows up with the customer after approval. Engineers, estimators, and salespeople keep the technical and commercial decision making, while Frank handles the administrative work between them. Forgepoint reached a seven-figure ARR within six months of Frank's launch. Hundreds of engineers, estimators, and sales reps now use Frank each week, and across customers monthly quote throughput is up an average of 30% while time-to-quote has fallen by more than 55%. From Silicon Valley to the American Heartland Before Forgepoint, CEO Jack Strauss spent his career in industrials at Northrop Grumman, Bain & Company's Advanced Manufacturing practice, and aerospace systems integrator Xwing. He kept seeing the same disconnect: manufacturers invested heavily in automating the shop floor, while everything before and after production still moved through email, spreadsheets, and aging enterprise systems. In early 2025, Strauss and co-founder Alex Pareto, formerly Head of Engineering for Brex's Spend Management organization, spent months touring plants across the Midwest, shadowing employees and studying their processes to find where the bottlenecks were and why. "In those early days, we simply wanted to learn, as if we had been hired to do the job ourselves. We knew that before we could solve the problem, we needed to understand it deeply" said Alex Pareto, Co-Founder and CTO. The two came away convinced that the frontier AI developing in front of them in Silicon Valley could remove many of the bottlenecks they were seeing on factory floors across the Midwest. Starting with Inside Sales Inside Sales was the natural starting point. It is directly tied to revenue: a shop's capacity to answer RFQs determines how much business it wins. Second, when it comes to winning jobs, speed matters now more than ever. A 2025 Gardner Intelligence study found that nearly 50% of manufacturers expect a vendor response within 24 hours. That is a hard target when the typical RFQ arrives as an email with several attachments and missing specifications. An estimator may need to contact the customer, find similar jobs, build a cost model, secure engineering approval, apply margins, enter pricing into the ERP, generate the quote, update the CRM, and manage follow-up. Expert judgment is critical for a few of those steps. The handoffs and data entry around them stretch the process from hours into days or weeks. "We kept meeting manufacturers with strong demand and capable teams, but their best people were spending hours on administrative work. Speed is a competitive advantage, so we built Frank to keep jobs moving and free skilled operators to focus on the decisions only they can make," said Jack Strauss, CEO and Co-Founder of Forgepoint. How Frank works Frank joins a manufacturer like a new employee. He gets an email address at the company's domain and learns the shop's operating procedures, pricing rules, and approval requirements. When an RFQ arrives, he reads the email and attachments, flags missing requirements, and contacts the buyer for clarification. He prepares the quote using the manufacturer's own cost model, surfaces similar historical jobs, and routes the draft to the right reviewer. After approval, he creates the final document in the company's template, sends it, manages follow-up, and records the correspondence. Because quoting and pricing look radically different from shop to shop, Forgepoint configures Frank around how each one already works. At a metal service center Frank matches material lists and cut lengths against the catalog, applies customer-specific pricing, and checks inventory. At a foundry he reviews part files, gathers missing drawing specifications from the buyer, and prepares a first draft for an engineer. Across injection molding, automation, fabrication, stamping, and machining, the day-to-day differs but the goal is the same: quote faster, quote more, and win more deals. Early customer results On average, Forgepoint customers increase monthly quote throughput by 30% and cut time-to-quote by more than 55%, giving skilled operators more time back in their day."Before Forgepoint, we were building quotes by hand and barely keeping up. Now, Frank drafts and I can approve it in two minutes. I'm spending less time entering data and more time serving my customers," said Chas Aday, Founder and CRO of SIP Manufacturing. As Frank works, it also preserves the emails, attachments and reasoning behind every decision, building a memory of how each shop prices work. That matters as veteran employees retire and manufacturers risk losing years of pricing logic, customer preferences and exceptions that live in their heads and inboxes. "A manufacturer's ability to grow depends on how much work its team can quote, plan, and manage," said Zach Fredericks, Principal at Primary Venture Partners. "Forgepoint is giving those teams more capacity, starting with quoting. We backed Jack and Alex because they understand the details of that work and have a clear ambition to bring the same approach across the entire manufacturing back office."

Axios
Oct 14th, 2026
Forgepoint raises $9.8M seed led by Primary and a16z speedrun for manufacturing AI agents

Forgepoint, a startup building AI agents for manufacturing, has raised $9.8 million in seed funding. Primary and a16z speedrun led the round, according to the article's headline. Chief executive officer Jack Strauss shared the news exclusively with Axios. Investment in manufacturing technology is rising as AI startups automate labour-intensive production.

FinSMEs
Sep 16th, 2026
TeRAM Raises $37M in Funding

TeRAM, a Los Altos, CA-based provider of custom 3D SRAM for AI applications, raised $37M in funding

General Catalyst
Sep 16th, 2026
Dandy | General Catalyst Portfolio

Explore the innovative companies General Catalyst has invested in across diverse industries, driving growth and shaping the future with bold ideas.

Tech Funding News
Sep 15th, 2026
Lovable and Supercell founders back Zero's $10.3M raise to disrupt the CRM market.

Lovable and Supercell founders back Zero's $10.3M raise to disrupt the CRM market. September 15, 2026 * Zero has raised a seed round of $10.3 million, with Primary Venture Partners acting as the lead investor, in order to develop AI agents that can replace conventional CRM systems. * A team of thirteen people is going to open an office in New York and aims to beat companies such as Attio and Clay. * The $2.7 million pre-seed round brings Zero's total funding to $13 million. Tuomo Riekki and Santtu Koivumäki had spent several years creating the enterprise sales platform at Smartly.io, a company that eventually employed 1,000 people and served well-known clients such as Uber, Airbnb, and Spotify. As time went on, they realised that the system relied on Salesforce and numerous separate tools that users found difficult to use. The two of them now, having secured €10.3 million in new seed funding and with a 13-member team based in Helsinki and New York, intend to replace this collection of disparate tools with AI agents and aim to go ahead of both Attio and Clay. Zero, founded in 2024 by Riekki and Koivumäki, is headquartered in Helsinki. Riekki co-founded Smartly.io in 2013 and, in 2019, sold a majority stake in it to Providence Equity Partners for around $223 million. Both Riekki and Koivumäki resigned in 2022. "We ended up with a lot of different sales tools - Salesforce and also many other tools for reporting, forecasting and for marketing as well as for building campaigns," says Riekki, one of the co-founders and CEO of Zero. As Riekki explains, "We take care of all aspects involved, such as coming up with ideas and locating leads - for example, by identifying every law firm in the Nordics - as well as automatic note-taking, keeping the CRM records current, and monitoring customer engagement to ensure that clients remain satisfied." He goes on to say that "our method goes beyond that of traditional CRMs such as HubSpot, Attio, or Salesforce." Zero began its private beta trial with customers worldwide, from San Francisco to Sydney, and now has hundreds of users. New money, and a New York office. The $10.3 million funding round was led by Primary Venture Partners, a venture capital fund headquartered in New York that has previously invested in Chief, Alma, and Dandy. Inception Fund, Defiant, and Greens also took part, together with the founders of Lovable, Supercell, Langdock, and Silo AI. Among the returning investors are 20VC, James Hawkins, co-founder of PostHog, and various operator funds associated with executives from Spotify, Wolt, Shopify, Dropbox, Meta, and OpenAI. This funding round follows a $2.7 million pre-seed round led by 20VC in December 2024, bringing Zero's total financing to $13 million. As a founder who has been in the field before, Riekki notes that this advantage is useful at both the pre-seed and seed stages, though he stresses the importance of having a solid story about the market at the seed stage. Product development will remain based in Helsinki, with a go-to-market and sales office being opened in New York. The team aims to grow from 13 to around 20 people by the end of the year. Riekki says the support from the Lovable and Supercell founders stems from both Nordic solidarity and a shared strategy. "Many Nordic founders help each other; I'm also an angel investor in several companies.Fabian from Lovable likes our approach because, even though software development is almost fully automated, sales is still tough. He thinks this is a big challenge that a skilled team can solve," he tells TFN. Cassie Young, general partner at Primary, added, "The biggest opportunity in CRM isn't to build a better system of record; it's to finally build software around the customer. Having lived the pain themselves, Tuomo and Santtu understand this problem at a level few founders do." A crowded field, freshly re-priced. The London-based company Attio raised $52 million in a Series B financing in August 2025, bringing its total funding to $116 million. Attio is working on developing an AI-native CRM. Clay, based in New York, raised $115 million in a Series D round, reaching a $7.1 billion valuation, more than double its valuation just 13 months earlier. According to Riekki, Zero's method is unlike that of its more aggressive rivals. "There has always been a reluctance on the part of salespeople to log into a CRM, and that trouble can now be avoided. Our approach operates in the background, constantly keeping an eye on conversations on platforms such as WhatsApp, LinkedIn direct messages, and comments on social media, and then gathers all that information together," he says. In 2025, the CRM software market was valued at approximately $287.26 billion and is projected to reach $633.34 billion by 2030, representing a 17.3% annual growth rate. This rapid growth is intensifying competition among Salesforce, HubSpot, Attio, and Clay, forcing Zero's 13-member team to demonstrate that ambient monitoring can be more valuable than automated outbound messaging. Riekki has 18 months and a lease in New York to demonstrate that the idea works.

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