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Venture Capital
FINANCE | Investment Firms & Funds
primeracapital.com

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Investments

22

Portfolio Exits

5

About Primera Capital

Primera Capital is a venture capital fund based in San Francisco, California focused on technology investments.

Primera Capital Headquarters Location

555 12th Street Suite 910

Oakland, California, 94607,

United States

408-475-4562

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Latest Primera Capital News

mimik Technology Closes $14.3 Million Extended Series A Funding Round Led by Pier 88

Nov 4, 2021

mimik Technology Closes $14.3 Million Extended Series A Funding Round Led by Pier 88 mimik’s hybrid edgeCloud platform is poised to revolutionize the delivery of microservices for applications in industries such as healthcare, automotive, manufacturing, logistics, retail, and banking SAN FRANCISCO, November 3, 2021-- mimik Technology, Inc., a pioneer in hybrid edge cloud technology and business solutions, today announced a $14.3 million Series A funding round led by Pier 88 Investment Partners, a San Francisco-based alternative investment management firm. Other participants include Cathie Wood, Founder, CIO and CEO of ARK Invest and member of the mimik Board of Directors, along with existing investors Primera Capital and NLabs. mimik plans to use the funds to expand its global go-to-market operations including sales, solutions delivery, developer outreach, technical training, and partnership development. mimik’s hybrid edgeCloud platform transforms cloud applications from a fixed client-server architecture—where server functionality is limited to servers in data centers and gateways—to a fully distributed architecture, enabling billions of smart client devices to act as servers and delivering nearly endless scalability. The mimik platform enables heterogeneous applications, processes, and devices to autonomously communicate in clusters on the edge regardless of their operating system or network. Because data is processed at the edge, mimik’s platform requires significantly less bandwidth and power, reduces cloud hosting costs, is more resilient than traditional client-server architecture, and offers much higher levels of data privacy and security. “We have spent nearly a decade in R&D, building a platform to address the six major concerns of most developers: speed, cost, security, data privacy, interoperability, and scale,” said mimik Founder and CEO Fay Arjomandi. “The mimik platform offers a strong foundation to build sustainable edge cloud services to help accelerate digital transformation and power the hyper-connected digital economy.” “Having invested in next-generation technologies like mobility, cloud computing, and cyber security for nearly two decades, our team is excited about the compelling growth opportunities we see in edge computing,” says Frank Timons, Founder and CEO of Pier 88 Investment Partners. “mimik’s technology lead and seasoned executive team position the company to capitalize on the next wave of growth for the computing industry as its nuanced device microservice architecture enhances security and privacy while reducing costs of traditional cloud computing solutions.” “Primera Capital has funded some of the world’s most transformative technology companies over the past two decades,” said Ori Sasson, General Partner, Primera Capital. “We invest in extraordinary products, opportune markets, and daring entrepreneurs with unwavering visions, and with the disruptive potential of their edge platform and strong leadership team, mimik aligns with these key criteria.” “We’re thrilled to be working with funding partners such as Pier88, NLabs, Primera Capital and others. They understand the essential benefits of the mimik hybrid edgeCloud platform and the massive market opportunity ahead,” said Siavash Alamouti, Executive Chairman of mimik. “We’re in the midst of a massive transformation across all industries. The burgeoning hyper-connected economy will be orders of magnitude larger than mobile internet, and mimik’s platform will help accelerate this technology revolution and in a much more sustainable way.” To drive the adoption of hybrid edge cloud computing, mimik has established strategic partnerships with leading cloud companies such as Amazon Web Services (AWS) and IBM and technology services companies such as Tata Elxsi. The platform has been successfully used to complete digital transformation with a number of companies with impressive results and is now being used by many early-adopter customers and partners. For more information on mimik’s hybrid edgeCloud platform, available edge-based microservices, and digital transformation services, visit mimik.com. About mimik mimik provides a hybrid edge cloud computing application development platform and business enablers for digital transformation. Developers and enterprises can achieve their business objectives without compromising time to market, cost, scalability, interoperability, data privacy and security, and being locked in proprietary technology stacks. mimik enables hybrid edge native application development that works across ecosystems of devices (iOS, Android, Windows, macOS, Linux, QNX, Raspbian, OpenWRT and smart IoT FreeRTOS sensors), networks, and any private and/or public cloud. The mimik platform is the fastest and most direct way of connecting siloed and fragmented applications from the edge with minimal reliance on middlemen. We can help enterprises save millions of dollars in legacy backend integration while reducing their ongoing operational costs through an edge-in approach. mimik enables systematic digital transformation for a sustainable digital economy to help enterprises secure business leadership in the hyper-connected world. For more information, visit: https://mimik.com and https://developer.mimik.com Contact:

Primera Capital Investments

22 Investments

Primera Capital has made 22 investments. Their latest investment was in Caramel as part of their Seed VC on January 1, 2022.

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Primera Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/21/2022

Seed VC

Caramel

$8M

Yes

1

11/3/2021

Series A

mimik

$14.3M

No

9

10/19/2021

Series A

vFunction

$26M

Yes

7

3/30/2021

Series A

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$99M

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10

2/11/2021

Unattributed VC

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$99M

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10

Date

1/21/2022

11/3/2021

10/19/2021

3/30/2021

2/11/2021

Round

Seed VC

Series A

Series A

Series A

Unattributed VC

Company

Caramel

mimik

vFunction

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Amount

$8M

$14.3M

$26M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

9

7

10

10

Primera Capital Portfolio Exits

5 Portfolio Exits

Primera Capital has 5 portfolio exits. Their latest portfolio exit was Loop Commerce on May 10, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/10/2018

Acquired

$99M

2

2/5/2018

Acquired

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$99M

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0

2/3/2016

Acquired

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$99M

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10

11/13/2013

IPO

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$99M

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10

12/13/2010

Acquired

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$99M

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0

Date

5/10/2018

2/5/2018

2/3/2016

11/13/2013

12/13/2010

Exit

Acquired

Acquired

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

0

10

10

0

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