Prime Movers Lab Funds Startups with $245 Million
Prime Movers Lab is funding early stage science startups with $245 million. The company is looking for and backing startups that are making scientific breakthroughs in various industries, such as biotechnology and manufacturing among others. Prime Movers Lab’s first fund is one of the best performing funds of 2018. The company prides themselves on backing companies like Momentus, who just announced a SPAC merger.
Prime Movers Lab general partner, Dakin Sloss, outlines how the company wants to support tech and science that works towards making the world a better place and to do that, it needs to support and encourage startups in the tech and science industry. The company wants to allow startups to make progress and assist them in their R&D process to allow the startups to grow.
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