Founded by former leaders of Braintree and PayPal, Primer is the unified infrastructure for global payments. Its single platform gives finance and payments teams the visibility and control to reduce complexity, improve performance, and capture more revenue. Trusted by leading companies including Get Your Guide, Dialpad, Rail Europe, Printful, Lime, and loveholidays across ecommerce, travel, fintech, and digital platforms, Primer has to date raised $170 million from investors including Sofina, Peak XV Partners, ICONIQ, Tencent, Accel, Balderton, and Speedinvest.
This Series C round was led by Sofina, with participation from Peak XV Partners and existing investors. The proceeds from the round will be used to invest in Primer’s AI capabilities and to drive the company’s expansion in the US market, where Primer aims to grow its revenues to account for more than a third of its business by 2028.
The transaction was led by co-managing partner Charlie Leveque, partner Tom Macleod and managing associate Rosie Marston, with support from associates Julia Routledge and Alexander Vinogradov-Wouters.
On working with Harbottle & Lewis, Primer co-founder Gabriel Le Roux commented:
“The Harbottle team has been by our side since we founded Primer and they have been brilliant partners for us on our journey; their advice and support has been invaluable at every stage.”
Charlie Leveque added:
“We are proud and delighted to have supported the Primer team on achieving this milestone. The success of this fundraising round is testament to their talent, hard work and vision, and paves the way for an exciting new chapter for the business.
We have advised Primer since it was founded on various corporate, regulatory and commercial matters, as well as its investment rounds. Our work for Primer demonstrates the depth and breadth of our offering to emerging companies as they scale, as well as our ability to advise on complex and high-value later stage investments.”
We advise on a broad range of corporate and corporate finance transactions including investments, mergers and acquisitions, joint ventures and private equity transactions. Learn more about our corporate practice here.