
Investments
66Portfolio Exits
3Funds
21About Prime Movers Lab
Prime Movers Lab invests in scientific startups founded by Prime Movers. It invests in companies focusing on energy, transportation, infrastructure, manufacturing, agriculture, and human augmentation. The company was founded in 2018 and is based in Jackson, Wyoming.
Latest Prime Movers Lab News
Oct 31, 2023
LyGenesis – a clinical-stage biotechnology company developing cell therapies for patients with end-stage liver disease, type 1 diabetes, end-stage renal disease, and aging – recently announced it had raised more than $19 million in a Series A-2 financing round led by Prime Movers Lab, investors in breakthrough scientific startups, with follow-on funding from Juvenescence. This funding round will enable LyGenesis to complete its Phase 2a clinical trial (ClinicalTrials.gov Identifier: NCT04496479) and advance its pipeline of cell therapies. Lygenesis hepatocytes are engrafted into the lymph node, where they can proliferate and form a functioning ectopic liver inside the body. KEY QUOTES: “LyGenesis’s regenerative cell therapies have the potential to transform the lives of patients who are either medically ineligible for an organ transplant or are awaiting an organ to become available. Using lymph nodes as bioreactors to grow ectopic organs is the type of platform technology that could revolutionize the treatment of multiple diseases and beneficially affect millions of lives.” — Justin Briggs, Biologist and Partner at Prime Movers Lab, who will be joining LyGenesis’s Board of Directors “We’re delighted to continue our support for LyGenesis on its mission to restore the function of failing vital organs. By combining allogeneic cells from donated but discarded organs with a cost effective manufacturing process and engrafting their cell therapies using a low risk outpatient endoscopic ultrasound procedure, LyGenesis represents a truly remarkable opportunity.” — Richard Marshall, Chief Executive Officer of Juvenescence. The Series A-2 financing was also supported by Juvenescence and other investors Sponsors
Prime Movers Lab Investments
66 Investments
Prime Movers Lab has made 66 investments. Their latest investment was in Paradromics as part of their Series A - II on November 11, 2023.

Prime Movers Lab Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
11/1/2023 | Series A - II | Paradromics | $17.13M | No | 1 | |
10/12/2023 | Series A - III | LyGenesis | $19M | Yes | Juvenescence, and Undisclosed Investors | 5 |
9/12/2023 | Series B | Lyten | $200M | Yes | 4 | |
6/27/2023 | Seed VC - II | |||||
6/22/2023 | Series A |
Date | 11/1/2023 | 10/12/2023 | 9/12/2023 | 6/27/2023 | 6/22/2023 |
---|---|---|---|---|---|
Round | Series A - II | Series A - III | Series B | Seed VC - II | Series A |
Company | Paradromics | LyGenesis | Lyten | ||
Amount | $17.13M | $19M | $200M | ||
New? | No | Yes | Yes | ||
Co-Investors | Juvenescence, and Undisclosed Investors | ||||
Sources | 1 | 5 | 4 |
Prime Movers Lab Portfolio Exits
3 Portfolio Exits
Prime Movers Lab has 3 portfolio exits. Their latest portfolio exit was Energy Vault on February 14, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
2/14/2022 | Reverse Merger | 5 | |||
Date | 2/14/2022 | ||
---|---|---|---|
Exit | Reverse Merger | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 5 |
Prime Movers Lab Fund History
21 Fund Histories
Prime Movers Lab has 21 funds, including Prime Movers Lab Early-Stage Fund III.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
7/26/2023 | Prime Movers Lab Early-Stage Fund III | $245M | 1 | ||
1/20/2022 | Prime Movers Lab Fund III | $186M | 1 | ||
1/27/2021 | Prime Movers Lab Fund II | $245M | 2 | ||
12/29/2020 | Boom PML SPV 1 | ||||
11/25/2020 | Turntide PML SPV 1 |
Closing Date | 7/26/2023 | 1/20/2022 | 1/27/2021 | 12/29/2020 | 11/25/2020 |
---|---|---|---|---|---|
Fund | Prime Movers Lab Early-Stage Fund III | Prime Movers Lab Fund III | Prime Movers Lab Fund II | Boom PML SPV 1 | Turntide PML SPV 1 |
Fund Type | |||||
Status | |||||
Amount | $245M | $186M | $245M | ||
Sources | 1 | 1 | 2 |
Prime Movers Lab Team
6 Team Members
Prime Movers Lab has 6 team members, including current Founder, General Partner, Dakin Sloss.
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