"Ben Sun, a co-founder and general partner at Primary Ventures, told TechCrunch the average check size for this fund will range from $5 million to $10 million, and that he hopes the firm will invest in 40 to 50 companies over the course of three years. He said the fund will also go as early as pre-seed. The fund will also continue to spread its investments nationwide."
"He sees seed investing as headed toward its own asset class, especially as the quality of talent and their startups continue to rise, paired with tech's current transformation. Firms are competing, after all, to find the hottest deals. "I think [a fund of this size] allows you to go in and compete and bring more resources to the table to work with the best founders and opportunities.""
Primary Ventures closed a $625 million Fund V focused on seed investments across the U.S. The fund plans average checks of $5 million to $10 million and aims to invest in 40 to 50 companies over three years while also participating at pre-seed. Investments will continue to be spread nationwide, with prior deals in Chicago, Seattle, Virginia, and D.C. The firm sees seed investing evolving into its own asset class as talent and startup quality rise amid tech transformation. Sector specialists cover vertical AI, fintech, healthcare, enterprise, cybersecurity, infrastructure, and consumer, spanning roughly 80–90% of seed activity. Sequoia and Uncork also raised sizable seed funds.
Read at TechCrunch
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