Primary portfolio

Primary has 23 portfolio companies on record at Recent Funding, with 7 investments in the last 12 months.

Website: primary.vc.

Type: Venture capital.

Portfolio on Recent Funding: 23.

Deals, last 12 months: 7.

Rounds led: 8 of 29.

Capital in their rounds: $1.55B.

Latest deal: Forgepoint · Oct 14, 2026.

About this page

It is a venture capital firm based in New York, US, founded in 2015. It led 8 of the 29 rounds it joined. Its most recent investment on record is Forgepoint's $9.8M Seed round in October 2026, which it led, alongside a16z speedrun. By category, its portfolio leans toward Fintech (7) and Cybersecurity (5). It has co-invested with FinTech Collective, Alumni Ventures and Avenir, most often FinTech Collective (4 rounds).

About Primary

Firm type: Venture capital.

Headquarters: New York, US.

Founded: 2015.

Stages: Seed, Series A.

Sectors: AI & Machine Learning, Consumer, Cybersecurity, Digital Health, Enterprise Software, Hardware, SaaS, Sales Tech, Sector Agnostic, Semiconductors.

Check size: $1M to $3M.

Leads rounds: Yes.

Portfolio companies: 116.

Exits: 6.

Rounds led: 6.

Fund returns

Fund	Vintage	Size	Net IRR	TVPI	DPI	As of
Primary Venture Partners IV, L.P.	2023	—	19.5%	1.21x	0.00x	Mar 31, 2025

Funds raised

Fund	Fund #	Size	Announced
PPrimary Venture Partners NYC	III	Not shown	Feb 24, 2021 medium.com
PPrimary Venture Partners NYC	II	$100M	Jun 12, 2018 techcrunch.com
PPrimary Venture Partners NYC	Ifirst fund	Not shown	Apr 2014

What Primary invests in

Fintech · 7 · 30%
Cybersecurity · 5 · 22%
AI agents · 4 · 17%
Health and bio · 4 · 17%
Data and analytics · 4 · 17%
Sales and marketing · 3 · 13%
AI infrastructure and compute · 3 · 13%
Developer tools and cloud · 3 · 13%

Primary recent investments

Company	Round	Date	Alongside
FForgepoint	Seed · $9.8M · lead	Oct 14, 2026	a16z speedrun (lead)
ZZero	Seed · $10.3M · lead	Sep 15, 2026	none named
IInspiren	Series B+ · $70M	Sep 10, 2026	Avenir, Scale Venture Partners, NewView Capital (lead) +5
TTeram	Seed · $37M · lead	Sep 10, 2026	Alumni Ventures, SemiAnalysis (lead), B Capital (lead) +2
EEtched	Series B+ · $700M	Aug 18, 2026	Argo, Positive Sum, Jane Street (lead) +10
WWindmill	Seed · $12M	Apr 28, 2026	Inspired Capital (lead), Oceans
VValerie Health	Series A · $30M	Dec 16, 2025	.406 Ventures, BoxGroup, Alumni Ventures +4
MMaybern	Series B+ · $50M	Nov 13, 2025	Human Capital, Camber Creek, MetaProp +4

How Primary invests

Stage	Deals	Capital in rounds
Seed	13 45%	$138.71M
Series A	8 28%	$268M
Series B+	7 24%	$1.15B
Pre-seed	1 3%	$2.2M

Year	Deals	Capital in rounds
2016	1 3%	$4.5M
2017	1 3%	$8M
2019	2 7%	$34.05M
2020	3 10%	$29.7M
2021	2 7%	$90M
2022	1 3%	$6M
2023	3 10%	$132.56M
2024	1 3%	$120M
2025	9 31%	$290M
2026	6 21%	$839.1M

Primary portfolio companies

FForgepoint$9.8MSeed · Oct 2026
ZZero$10.3MSeed · Sep 2026
IInspiren$70MSeries B+ · Sep 2026
TTeram$37MSeed · Sep 2026
EEtched$700MSeries B+ · Aug 2026
WWindmill$12MSeed · Apr 2026
VValerie Health$30MSeries A · Dec 2025
MMaybern$50MSeries B+ · Nov 2025
11mind$30MSeries A · Nov 2025
FFlume Health$6MSeed · Oct 2025
RRetirable$10MSeries A · Jul 2025
PPlural$6MSeed · Mar 2025
LLyric$23MSeed · Jan 2025
VVestwell$125MSeries B+ · Dec 2023
TTeleskope$2.2MPre-seed · Jul 2023
PPinwheel$20MSeries A · Jun 2021
LLili$15MSeries A · Oct 2020
ZZenlyticbacker
TTabsbacker
CCake AIbacker
CCasapbacker
MMarker Learningbacker
RRealmbacker

Company	Round with Primary	Total raised	Latest raise
FForgepoint AI agents	Oct 14, 2026 Seed · $9.8M · lead	$9.8M	Oct 14, 2026 Seed
ZZero AI agents	Sep 15, 2026 Seed · $10.3M · lead	$10.3M	Sep 15, 2026 Seed
IInspiren Health and bio	Sep 10, 2026 Series B+ · $70M	$205M	Sep 10, 2026 Series B+
TTeram Foundation models and research	Sep 10, 2026 Seed · $37M · lead	$37M	Sep 10, 2026 Seed
EEtched AI infrastructure and compute	Aug 18, 2026 Series B+ · $700M	$1.63B	Aug 18, 2026 Series B+
WWindmill	Apr 28, 2026 Seed · $12M	$12M	Apr 28, 2026 Seed
VValerie Health Health and bio	Dec 16, 2025 Series A · $30M	$30M	Dec 16, 2025 Series A
MMaybern Fintech	Nov 13, 2025 Series B+ · $50M	$50M	Nov 13, 2025 Series B+
11mind AI agents	Nov 11, 2025 Series A · $30M	$40M	Nov 11, 2025 Series A
FFlume Health Insurance	Oct 22, 2025 Seed · $6M	$10.05M	Oct 22, 2025 Seed
RRetirable Fintech	Jul 1, 2025 Series A · $10M	$24.7M	Jul 1, 2025 Series A
PPlural Cybersecurity	Mar 26, 2025 Seed · $6M · lead	$6M	Mar 26, 2025 Seed
LLyric Logistics and mobility	Jan 27, 2025 Seed · $23M · lead	$66.5M	Aug 5, 2025 Series B+
VVestwell Lending and credit	Dec 22, 2023 Series B+ · $125M	$622.5M	Feb 18, 2026 Series B+
TTeleskope AI agents	Jul 13, 2023 Pre-seed · $2.2M	$27.2M	Nov 3, 2025 Series A
PPinwheel Fintech	Jun 1, 2021 Series A · $20M	$77M	Jan 1, 2022 Series B+
LLili Fintech	Oct 1, 2020 Series A · $15M	$80M	Mar 18, 2026 Seed
ZZenlytic Data and analytics	backer · source	$9M	Sep 26, 2024 Series A
TTabs Fintech	backer · source	$80M	Sep 16, 2025 Series B+
CCake AI AI infrastructure and compute	backer · source	$13M	Dec 4, 2024 Seed
CCasap Legal and compliance	backer	$25M	Aug 7, 2025 Series A
MMarker Learning Health and bio	backer	$19M	Apr 13, 2026 Series A
RRealm Real estate and construction	backer	undisclosed	—

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Fintech).

How this is counted

Net returns as reported by the public-pension and foundation LPs invested in each fund.

Firm profile and fund returns: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Venture funds Primary raised, from the list of new VC funds compiled by Shai Goldman (Brex). Each size links to the article that states it, or to that list where no article was found. All new funds: new VC funds.

Share is of the 29 rounds on Recent Funding that name Primary. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Primary, which is a subset of its real portfolio. API: /api/v1/investors/primary (get a free API key). More: the most active VC firms and new venture capital funds.