Prime Movers Lab Launches Second Scientific Startup Fund
Investment Fund Raises $245MM to Support Dozens of Breakthrough Scientific Disruptors Ready to Transform Billions of Lives
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JACKSON, Wyo., Jan. 27, 2021 /PRNewswire/ -- Prime Movers Lab – an investor in breakthrough scientific startups that will revolutionize the world's most important industries and transform billions of lives – today announced it has raised $245 million for its second early-stage investment fund.
Prime Movers Lab Fund II will invest in early-stage companies reinventing human augmentation, energy, transportation, infrastructure, manufacturing and agriculture. The firm's first fund, Prime Movers Lab Fund I, a $100 million investment fund, is supporting, among other innovations, advancing sustainable food production, ending the global pandemic, providing clean energy and pioneering space infrastructure. Fund I is one of the leading early-stage funds launched in 2018 and includes several innovative companies planning to go public in 2021.