Prime Ventures finally seals €130m Fund IV close


euroEurope-focused private equity firm Prime Ventures has held a €130m final close for its fourth fund targeting fast-growing tech companies.

Prime Ventures held a €100m first close for the vehicle way back in January last year, and has finally closed off the fundraise according to a statement.

The firm raised €156m for its third vehicle in 2009.

Prime said it would use the fund to make investments of €5m to €20m in promising tech start-ups with the potential to break through on a global scale.

The firm has already made two investments using the new fund and said it expects to make more itn the coming months.

Previous investments include Global Collect, Silicon Hive, Civolution, Intrinsic-ID, IPDIA, Takeaway, Mendix, and Applift.

Firm founder Sake Bosch said, “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.”

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