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Venture Capital

Prime Movers Lab

Prime Movers Lab backs early-stage and high-growth companies, typically pre-profit, from United States. It states a focus on energy & utilities, industrials & manufacturing, materials & chemicals and transportation & logistics.

Capital raised$328macross 5 SEC-filed vehicles
Most recent fund2022filing since 2018
HeadquartersUnited States
Largest single fund$237m

Stated investment criteria

What Prime Movers Lab says it buys

Read from Prime Movers Lab’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

People listed on its team page161

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Prime Movers Lab to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Prime Movers Lab has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed5
Total capital raised$328m
Largest single vehicle$237m
Filing history2018 to 2022
Smallest accepted commitment$25k
Filed fromWYOMING

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Prime Movers Lab is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised28 · $2.3bn gross
SEC adviser numberCRD 299803

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies Prime Movers Lab lists on its own website. No investment years are published.

Compiled from Prime Movers Lab’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Energy & Utilities

What companies have actually sold for in energy & utilities, across 584 recorded transactions.

Median consideration$180m
Middle 50%$45m-$420m
Revenue multiple1.4×
EBITDA multiple7.1×

The full energy & utilities picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other venture capital investors active in energy & utilities.