Prime Movers Lab, a Jackson, Wyo.-based venture capital firm focused on investments in breakthrough scientific startups, raised $245m for its third early-stage fund (fourth overall fund).
The fund brings the venture capital firm’s total assets under management to more than $1.2 billion.
The new vehicle is investing in companies tackling the world’s biggest problems across the energy, transportation, infrastructure, manufacturing, human augmentation, and agriculture sectors.
The fund has already made investments in several breakthrough science startups, including cislunar infrastructure provider Quantum Space, mental health therapeutics company Gilgamesh Pharmaceuticals, brain computer interface developer Paradromics and robotics innovator Robust.AI.
Led by Founder and General Partner Dakin Sloss, Prime Movers Lab has made investments spanning fixed-wireless access, supersonic and hypersonic aircraft, space transportation, satellite constellations, batteries, brain computer interfaces, mental health treatments, nano-structured materials, wafer slicing, prosthetics, 3D printing, mobility, longevity and AI.
The firm’s other funds, Fund I (a $100m fund), Fund II, (a $245m fund), and Early-Growth Fund (a $500m fund) have invested in breakout companies like fixed wireless technology provider Tarana Wireless, supersonic aircraft developer Boom Supersonic, commercial spaceflight pioneer Axiom Space, and sustainable satellite network creator E-Space.
FinSMEs
26/07/2023