Seed-stage fund AngelPrime has raised Rs 300 crore from The Social+Capital Partnership and several institutional investors from Silicon Valley, New York, Hong Kong, Europe and Singapore. With the new investment, the fund has re-branded itself as Prime Venture Partners. "Prime Venture Partners will continue to focus on a handful of start-ups every year, maintaining its deep involvement approach," the fund said in a release. Prime Venture Partners will be infusing up to Rs 6 crore in a single round in companies across business segments such as financial technology and services, mobile Internet, Internet-connected devices, education and healthcare and about a fifth of the funding will be deployed this year, as indicated by this Mint report. Founded in 2011 by Bala Parthasarathy, Shripati Acharya and Sanjay Swamy, AngelPrime provides seed capital to startups in the $200,000-$600,000 range and nurtures them for 12-14 months. Earlier in February, former MakeMyTrip chief products officer Amit Somani joined AngelPrime as a partner. Prime Venture Partners' portfolio includes mobile marketing and analytics platform ZipDial which was acquired by Twitter earlier this year. Other companies include mobile point-of-sale terminal firm Ezetap, M2M and IoT startup Nimble Wireless, business expense management solution, Happay and tech hiring startup HackerEarth. Other VCs who have raised capital - In March, Venture capital firm SAIF Partners raised $350 million for a new India-focused fund from 27 investors. - Mayfield Fund, closed its second India-dedicated fund at $108 million in February. - Sequoia Capital added another $210 million to its existing $530 million-India fund in April - In March again, Accel Partners, the venture capital firm that backed…
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