Prime Movers Lab

Founded 2018
Founders Dakin Sloss

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 19
Average round size
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The average size of a deal this fund participated in
$20M
Portfolio companies 14
Rounds per year 4.67
Lead investments 3
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.11
Exits 1
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Advanced Materials
  • Aerospace
  • Robotics
  • Space Travel
  • Transportation
Summary

In 2018 was created Prime Movers Lab, which is appeared as VC. The fund was located in North America if to be more exact in United States. Prime Movers Lab seemed to be an CVC arrangement as part of the organization. The main department of described VC is located in the Jackson.

The fund is generally included in less than 2 deals every year. The common things for fund are deals in the range of 10 - 50 millions dollars. The high activity for fund was in 2019.

The typical case for the fund is to invest in rounds with 7-8 participants. Despite the Prime Movers Lab, startups are often financed by Y Combinator, One Way Ventures, Mountain Nazca. The meaningful sponsors for the fund in investment in the same round are Y Combinator, Mountain Nazca, Liquid 2 Ventures. In the next rounds fund is usually obtained by Y Combinator, University of Wyoming Foundation, Quiet Capital.

Among the various public portfolio startups of the fund, we may underline Momentus For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Moreover, a startup needs to be at the age of 1 and less years to get the investment from the fund. Among the most successful fund investment fields, there are Aerospace, Transportation.

The fund was created by Dakin Sloss.

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Tarana Wireless

Communications Infrastructure
Mobile
Wireless
50M12 May 2021 United States, Milpitas

Early Stage Venture
27M06 May 2021

45M15 Apr 2021

FORT Robotics

Cyber Security
Industrial Automation
Robotics
Security
13M18 Mar 2021 United States, Philadelphia

Axiom Space

Advanced Materials
Aerospace
Industrial Manufacturing
Space Travel
Early Stage Venture
130M16 Feb 2021 United States, Houston

Seed
3M21 Jan 2021

Space Perspective

Aerospace
Space Travel
Tourism
Seed
7M02 Dec 2020 United States, " United States"}

Tarana Wireless

Communications Infrastructure
Mobile
Wireless
30M20 Oct 2020 United States, Milpitas

Nelumbo

Nanotechnology
Early Stage Venture
14M16 Apr 2020 United States, " United States"}
News
Elevian Raises $40M Series A
– Elevian, an emerging biotech company developing medicines that restore youthful regenerative capacity with the potential to treat and prevent multiple age-related diseases, has raised $40m in an oversubscribed Series A round. – The round was led by Prime Movers Lab. – Additional investors include Bold Capital, Leslie Ventures, John A Kuelbs Family Office and others. Read more
Energy Vault Raises $100M in Series C Funding
– Energy Vault is a Westlake Village, CA-based creator of gravity-based, grid-scale energy storage solutions with its proprietary technology. – Company raised $100m in Series C funding. – The round was led by existing investor Prime Movers Lab, with participation from other existing investors SoftBank Vision Fund, Saudi Aramco Energy Ventures, Helena, and Idealab X, and new investors Pickering Energy Partners through its Energy Equity Opportunity Fund, SailingStone Global Energy Transition, A.T. Gekko, Crexa Cap... Read more

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Related media
Top 20 investors in North America with the biggest sum of Early funding rounds in Nanotechnology industry over the recent years
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