Predict your next investment

Venture Capital
thirdprime.vc

See what CB Insights has to offer

Investments

50

Portfolio Exits

3

Funds

2

About Third Prime Capital

Third Prime Capital is an early-stage venture capital firm based in New York that invests in companies building scalable platforms with a competitive advantage. The firm's current fund invests across sectors opportunistically and Third Prime's partners actively work with management teams to accelerate growth.

Third Prime Capital Headquarter Location

18 East 50th Street 6th Floor

New York, New York, 10022,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Third Prime Capital News

FairPlay Secures $4.5 Mln in Funding to Remove Bias in The Financial Industry

Nov 17, 2021

FairPlay Secures $4.5 Mln in Funding to Remove Bias in The Financial Industry By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team FairPlay Secures $4.5 Mln in Funding to Remove Bias in The Financial Industry By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team FairPlay, an artificial intelligence startup based in New York, has raised $4.5 million in seed funding to expand its Fairness-as-a-Service Solution for fair lending compliance. The funding round was led by Third Prime Capital, with participation from FinVC, TTV, Financial Venture Studio, Amara, and Nevcaut Ventures. The new capital will accelerate FairPlay’s continued growth and […] / share Published on November 16, 2021 FairPlay, an artificial intelligence startup based in New York, has raised $4.5 million in seed funding to expand its Fairness-as-a-Service Solution for fair lending compliance. The funding round was led by Third Prime Capital, with participation from FinVC, TTV, Financial Venture Studio, Amara, and Nevcaut Ventures. The new capital will accelerate FairPlay’s continued growth and development efforts of its machine learning team. Keith Hamlin, Managing Partner at Third Prime, referred to the firm’s participation by stating: “We’re really excited about our investment in FairPlay. For even the most conscientious and diligent of lenders and marketers, algorithmic bias presents a complex and persistent challenge that is rife with reputational and regulatory risk. FairPlay’s solution debiases algorithmic underwriting and decision making, enabling its clients to navigate increasing regulatory scrutiny, rapidly iterate new and existing products, and actually deliver on the promise of fairness, inclusion and upward mobility for modern families and communities.” Founded in 2020, FairPlay was born from a mission to make it easy for all organizations to make their decision-making systems fairer while also helping them increase their profits. It achieves this by offering 2 APIs with different purposes: One detects disparities and the protected group they affect, while the second one re-underwrites declined loans using novel AI fairness algorithms. Kareem Saleh, FairPlay Founder & CEO, said about this mission: “Just as we built search infrastructure and payments infrastructure for the Internet, so must we build fairness infrastructure for the Internet. FairPlay turns fairness into a business advantage, allowing our users to de-bias digital decisions in real-time and prove to their customers, regulators and the public that they’re taking strong steps to be fair. In short, FairPlay makes fairness pay.” Despite the existence of fair lending regulations in the United States, studies suggest that those applying for loans were 40% more likely to reject Latino applicants, 50% more likely to reject Asian and Pacific Islander applicants, 70% more likely to reject Native American applicants and 80% more likely to reject Black applicants”. By removing the unavoidable human bias using AI and ML, FairPlay believes it can take the loaning industry to a new era. Tags

Third Prime Capital Investments

50 Investments

Third Prime Capital has made 50 investments. Their latest investment was in GamerGains as part of their Seed VC on April 4, 2022.

CBI Logo

Third Prime Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/26/2022

Seed VC

GamerGains

$5.8M

Yes

1

4/21/2022

Seed VC

Rigor

$3.5M

Yes

3

4/18/2022

Series A

Slip.stream

$7.5M

No

2

4/6/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

3/30/2022

Seed VC - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

4/26/2022

4/21/2022

4/18/2022

4/6/2022

3/30/2022

Round

Seed VC

Seed VC

Series A

Seed VC

Seed VC - II

Company

GamerGains

Rigor

Slip.stream

Subscribe to see more

Subscribe to see more

Amount

$5.8M

$3.5M

$7.5M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

3

2

10

10

Third Prime Capital Portfolio Exits

3 Portfolio Exits

Third Prime Capital has 3 portfolio exits. Their latest portfolio exit was Latch on January 25, 2021.

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

1/25/2021

Acq - Pending

$99M

7

7/6/2020

Acquired

Subscribe to see more

Subscribe to see more

10

3/1/2019

Acquired

Subscribe to see more

Subscribe to see more

10

Date

1/25/2021

7/6/2020

3/1/2019

Exit

Acq - Pending

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

7

10

10

Third Prime Capital Fund History

2 Fund Histories

Third Prime Capital has 2 funds, including Third Prime Alpha Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/4/2020

Third Prime Alpha Fund II

Early-Stage Venture Capital

Open

$35.55M

2

6/30/2017

Third Prime Alpha Fund

Subscribe to see more

Subscribe to see more

10

Closing Date

2/4/2020

6/30/2017

Fund

Third Prime Alpha Fund II

Third Prime Alpha Fund

Fund Type

Early-Stage Venture Capital

Subscribe to see more

Status

Open

Subscribe to see more

Amount

$35.55M

Sources

2

10

Third Prime Capital Team

3 Team Members

Third Prime Capital has 3 team members, including current Managing Partner, Wes Barton.

Name

Work History

Title

Status

Wes Barton

Managing Partner

Current

Keith Hamlin

Managing Partner

Current

Jake Cahan

Investment Partner

Former

Name

Wes Barton

Keith Hamlin

Jake Cahan

Work History

Title

Managing Partner

Managing Partner

Investment Partner

Status

Current

Current

Former

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.