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Third Prime

Investor type Venture Capital
Founders Keith Hamlin Wes Barton

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 52
Average round size
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The average size of a deal this fund participated in
$9M
Portfolio companies 32
Rounds per year 10.40
Lead investments 15
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.37
Exits 3
Key employees 5
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • FinTech
  • Financial Services
  • Software
  • Health Care
  • Information Technology
Summary

Third Prime appeared to be the VC, which was created in 2016. The company was established in North America in United States. The main office of represented VC is situated in the New York.

The fund has no exact preference in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Among the various public portfolio startups of the fund, we may underline Bench, Climb Credit, For Days For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most successful fund investment fields, there are Finance, SaaS. Besides, a startup needs to be aged 2-3 years to get the investment from the fund.

The standard case for the fund is to invest in rounds with 6-7 partakers. Despite the Third Prime, startups are often financed by Techstars, Primary Venture Partners, Contour Venture Partners. The meaningful sponsors for the fund in investment in the same round are Valar Ventures, The Gramercy Fund, Rosecliff Ventures. In the next rounds fund is usually obtained by Valar Ventures, Primary Venture Partners, Lux Capital.

The fund is constantly included in 2-6 deals per year. Deals in the range of 10 - 50 millions dollars are the general things for fund. The high activity for fund was in 2019. The real fund results show that this VC is 13 percentage points more often commits exit comparing to other companies. When the investment is from Third Prime the average startup value is 50-100 millions dollars.

The current fund was established by Keith Hamlin, Wes Barton. Besides them, we counted 10 critical employees of this fund in our database.

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Typical Co-investors
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These funds have a tendency to invest in the following rounds after Third Prime:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Octane

Enterprise Software
Financial Services
FinTech
Insurance
Lending
Point of Sale
$52M05 Aug 2021 New York, New York, United States

Slip.stream

Content Creators
Internet
Music
$3M29 Jul 2021 New York, New York, United States

Qwoted

Journalism
Marketing
Public Relations
$3M21 Jun 2021 New York, New York, United States

Kafene

E-Commerce
Financial Services
FinTech
Mobile Apps
Software
$14M08 Jun 2021 New York, New York, United States

Alto Solutions

Financial Services
FinTech
Information Technology
Personal Finance
$17M20 Apr 2021 Nashville, Tennessee, United States

Strongest AI

Artificial Intelligence
27 Jan 2021 -

Slip.stream

Content Creators
Internet
Music
01 Dec 2020 New York, New York, United States

Aires Medical

Health Care
Medical Device
$2M01 Nov 2020 North Carolina, United States

Laika

Compliance
Information Technology
Software
$10M23 Sep 2020 New York, New York, United States
News
Octane Raises $52M In Series D Funding, Brings Valuation to Over $900M

– Octane lending has raised $52 million in Series D funding.
– Progressive Investment Company, Inc., a member of the Progressive Insurance ® group, led the round, with participation from existing investors Valar Ventures, Upper90, Contour Venture Partners, Citi Ventures, Third Prime and Parkwood as well as new investors Gaingels and ALIVE.
– The new round of financing will further Octane’s mission to connect people with their passion.

Qwoted Closes $3M Seed Funding Round

– Qwoted, a NYC-based platform for journalists to connect with brands, small businesses and industry experts, raised $3m in seed funding.
– The round was led by Third Prime with participation from Gaingels, Prosek Venture Partners and Vested, a consortium of communications firms including Integral, Caliber Corporate Advisers, Haymaker PR, FHS Partners and Red Lab, and additional investors Caleb Silver, Editor in Chief of Investopedia, David Siegel, CEO of MeetUp and Tom Rovak, Senior Advisor toFahrenheit 212.
– The company intends to use the funds to enhance its technology capabilities and add premier talent to its sales, marketing and media success teams, to build brand awareness and onboard new customers.

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