Prime Technology Ventures

Prime Ventures partner Pieter Welten joins the risk management company's board of directors

Primes Ventures is currently investing in IT companies from its fourth generation vehicle

Company plans to use the fresh capital to further expand in Italy, France and Portugal

Photobox, backed by Exponent Private Equity and Electra Private Equity, buys Greetz

Other backers in the round include Cisco Investments, Samsung Catalyst Fund and Inventure

The PE-backed company expects to raise €350m from public offering

The acquisition was made through the GP’s Nordic Capital Fund VII, providing an exit for previous backers

Third deal by Prime Ventures in past seven days

VC Firm recently held €170m final close on latest fund

Latest round brings total funding raised by startup to $25.3m

VC held a first close on €100m in January 2013

US business acquiring 100% of Layar

PrimeVentures has backed mobile games marketing platform AppLift with $7m, after injecting $13m into the start-up in June this year.

Prime Ventures has invested €10m in a series-A funding round for a Berlin-based marketing platform for mobile games, AppLift GmbH.

Gimv and Iris Capital have sold their share of Dutch data management solutions provider Human Inference to French trade buyer Neopost.

Prime Ventures has invested $13m in tech company Mendix.