Primary Venture Partners Successfully Raises $625 Million Fund V

Primary Venture Partners announced it has raised $625 million for its fifth set of funds, positioning the New York-based firm to continue leading pre-seed and seed rounds as founders build companies amid what the firm describes as an AI revolution.

The new vehicle, Primary Fund V, is the firm’s largest to date and reflects a broader push to scale early-stage investing capacity at a time when many venture firms have faced a tougher fundraising environment. In an announcement published February 11, 2026, Managing Partner and co-CIO Brad Svrluga said Fund V is meant to help Primary scale its differentiated model while doubling down on operational support for portfolio companies.