About Primitive
Primitive is a company based in Eugene (United States) founded in 2020 by Alexander Angel.. Primitive has raised $15.38 million across 4 funding rounds from investors including Bain Capital Crypto, 1confirmation and Nascent. Primitive operates in a competitive market with competitors including Wintermute, Flowdesk, Portofino Technologies, CoinAlpha and Keyrock, among others.
- Headquarter Eugene, United States
- Founders Alexander Angel
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Primitive, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.38 M (USD)
in 4 rounds
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Latest Funding Round
$9 M (USD), Series A
Aug 18, 2022
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Investors
Bain Capital Crypto
& 3 more
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Employee Count
Employee Count
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Funding Insights of Primitive
Primitive has successfully raised a total of $15.38M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $9 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $9.0M
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First Round
First Round
(05 Jun 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - Primitive | Valuation | Bain Capital Crypto | |
| May, 2021 | Amount | Seed - Primitive | Valuation |
investors |
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| May, 2021 | Amount | Seed - Primitive | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Primitive
Primitive has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Bain Capital Crypto, 1confirmation and Nascent. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments in web and societal decentralization are focused on.
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Founded Year | Domain | Location | |
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Robot Ventures is associated with technology or robotics.
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Founded Year | Domain | Location | |
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Built investment platform for internet infrastructure is provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Primitive
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Primitive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Primitive Comparisons
Competitors of Primitive
Primitive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wintermute, Flowdesk, Portofino Technologies, CoinAlpha and Keyrock, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Crypto-based algorithmic market maker for digital assets
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| domain | founded_year | HQ Location |
Crypto liquidity pool for digital assets marketplace
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| domain | founded_year | HQ Location |
Financial infrastructure technology is provided to enable digital asset adoption.
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| domain | founded_year | HQ Location |
Crypto funds are operated on blockchain by CoinAlpha.
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| domain | founded_year | HQ Location |
Liquidity solutions and trading services for digital assets are provided.
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| domain | founded_year | HQ Location |
Decentralized automated market maker for cryptocurrency trades is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Primitive
When was Primitive founded?
Primitive was founded in 2020.
Where is Primitive located?
Primitive is headquartered in Eugene, United States. It is registered at Eugene, Oregon, United States.
Is Primitive a funded company?
Primitive is a funded company, having raised a total of $15.38M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jun 05, 2020.
What does Primitive do?
Primitive was founded in 2020 by Alexander Angel in Eugene, United States, within the decentralized finance sector. Software products are offered to facilitate the Replicating Market Maker protocol, where liquidity is provided by users, yields are earned, and redemptions occur on demand. Open-source and non-custodial options are available for any Ethereum-based asset, supporting upfront return generation through protocol interactions.
Who are the top competitors of Primitive?
Primitive's top competitors include Wintermute, Flowdesk and Keyrock.
Who are Primitive's investors?
Primitive has 4 investors. Key investors include Bain Capital Crypto, 1confirmation, Nascent, and Robot Ventures.