Prime Movers Lab

Prime Movers Lab is a prominent venture capital firm based in Jackson, Wyoming, dedicated to investing in breakthrough science and engineering companies. Founded by Dakin Sloss, the firm focuses on what it terms "trillion-dollar problems" across critical sectors such as energy, transportation, infrastructure, manufacturing, human augmentation, and agriculture. Their investment philosophy centers on supporting deep tech ventures that aim to reinvent fundamental industries and create significant societal impact.

The firm typically targets companies from Seed to Series B stages, providing substantial initial capital to fuel their growth. Prime Movers Lab is known for its lead investments, with initial check sizes generally ranging from $5 million to $20 million. Beyond capital, the firm offers extensive operational support, leveraging a team of experts and a robust advisory network to help portfolio companies navigate complex technical and commercial challenges. They emphasize a partnership approach, often taking board seats and working closely with founders to scale their innovations.

Prime Movers Lab has demonstrated rapid growth in its asset under management (AUM) since its inception. Following a $100 million first fund, the firm successfully closed its second fund at $245 million. In 2022, they announced the close of their third flagship fund, Prime Movers Lab Fund III, at an impressive $500 million, alongside a $300 million Growth Fund. These successive fundraises have propelled their total AUM to over $1.1 billion, underscoring their increasing influence and capacity to back ambitious deep tech startups.

Their commitment extends beyond financial backing, with a strong emphasis on fostering a community of innovators and providing resources that accelerate technological development. Prime Movers Lab seeks to be a long-term partner for companies that are not just building products, but fundamentally reshaping industries through scientific and engineering breakthroughs, aiming for transformative change on a global scale.