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Primal Capital

Maryah Island, DD-16-121-030, 16th Floor, Al Khatem Tower, Adgm Square, Abu Dhabi, United Arab Emirates

Overview

Early stage investor in Web3 and emerging technology companies.

Founded

2021

Deals ยท 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Japan
Spain
The Netherlands
United Kingdom
...

Sector focus

Asset Management
Blockchain
Cryptocurrency

Investment portfolio

15rounds
NAMEDATESIZE
Asgard Finance
Dec 2025Participated
$2 MSeed
Asgard
Dec 2025Participated
$2 MSeed
375ai
Oct 2025Participated
$5 MOther Equity
Senpi
Sep 2025Participated
$4 MSeed
Transak
Aug 2025Participated
$16 MOther Equity
Airstack
Oct 2024Participated
$4 MSeed
375ai
Aug 2024Led
$5 MSeed
Zest Protocol
May 2024Participated
$4 MSeed
Ambient
May 2024Participated
$2 MSeed
Shiba Inu Coin
Apr 2024Participated
$12 MOther Equity
Bluwhale
Mar 2024Participated
$7 MSeed
Metropolis World Ltd
Feb 2024Participated
$1 MOther Equity
Asgard Finance
Dec 2025Participated
$2 MSeed
Asgard
Dec 2025Participated
$2 MSeed
375ai
Oct 2025Participated
$5 MOther Equity
Senpi
Sep 2025Participated
$4 MSeed
Transak
Aug 2025Participated
$16 MOther Equity
Airstack
Oct 2024Participated
$4 MSeed
375ai
Aug 2024Led
$5 MSeed
Zest Protocol
May 2024Participated
$4 MSeed
Ambient
May 2024Participated
$2 MSeed
Shiba Inu Coin
Apr 2024Participated
$12 MOther Equity
Bluwhale
Mar 2024Participated
$7 MSeed
Metropolis World Ltd
Feb 2024Participated
$1 MOther Equity
15
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Primal Capital: 15 funding rounds are recorded in the selected participation categories.All available history.
Primal Capital: 15 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed18
Series A01
Other Equity05

Monthly Deal Activity

Primal Capital: 15 deals are recorded across 45 months.All available history.
Primal Capital: 15 deals are recorded across 45 months. All available history
MonthDeals
Feb '231
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '241
Mar '241
Apr '241
May '242
Jun '240
Jul '240
Aug '241
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '251
Oct '251
Nov '250
Dec '252
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Primal Capital: Crypto & Blockchain is the largest displayed sector by deal count (10 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Primal Capital: Crypto & Blockchain is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Crypto & Blockchain10
AI & Machine Learning5
Fintech4
Networks, Cloud & Communication3
Enterprise Software2
AR/VR2
Data, Analytics & IT2
Media & Entertainment1
Developer Tools1

Deal Size Distribution

Primal Capital: 15 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Primal Capital: 15 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M4
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Primal Capital: United States has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Primal Capital: United States has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
United States9
Europe4
Japan1
Cayman Islands1
Primal Capital: 20 co-investors are shown, with Solana Ventures sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Primal Capital: 20 co-investors are shown, with Solana Ventures sharing 3 recorded deals. All available history
Co-investorShared deals
Solana Ventures3
6th Man Ventures2
Animoca Brands2
Arca2
Auros2
Blockchange Ventures2
Colosseum2
Cypher Capital2
Dead King Society2
EV32
IDG Capital2
mtnDAO2
NGC Ventures2
Outlier Ventures2
Presto Ventures2
Robot Ventures2
Superlayer2
1kx1
Abies Ventures1
Accord Ventures1

Investment Strategy

Primal Capital: Led accounts for 7% and participating for 93% of round participation.All available history.
Primal Capital: Led accounts for 7% and participating for 93% of round participation. All available history
CategoryDeals (count)Share (%)
Led17%
Participating1493%
Primal Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Primal Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Trent Barnes

General Partner