Prime Ventures closes fund on €130m

The GP launched the vehicle in 2011, targeting €250m. A first close was held on €100m in January 2013, with commitments from Adam Street Partners, the European Investment Fund (EIF) and large family offices.

Prime IV is the successor to Prime III, which raised €156m in total in 2009.

Founded in 1999, Prime Ventures has offices in the Netherlands and the UK.

Investments
The vehicle will commit €5-20m to start-ups in IT and IT-related technology companies.

The fund has already backed two companies, with a pipeline of deals identified. Last year, the VC committed €10m in a series-A round for mobile games marketing platform AppLift.

Investors
At first close, the fund counted commitments from Adam Street Partners, the European Investment Fund (EIF) and large family offices in the US and Europe.

People
Sake Bosch is a managing partner at Prime Ventures.

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