Annual roundup highlights the private equity
and venture capital firms with the best track records of success
backing entrepreneurs
JACKSON,
Wyo., Oct. 5, 2022 /PRNewswire/ -- Inc.
Magazine named venture capital firm Prime Movers Lab to its fourth
annual Founder-Friendly Investors list, honoring the private
equity and venture capital firms with the best track records of
success backing entrepreneurs.
Inc. recognized Prime Movers Lab for its successful track record
of remaining deeply supportive of the businesses it invests in. The
list singles out firms that entrepreneurs collaborate with and
trust as they receive the financial support they need to help drive
growth.
"Fully investing in an entrepreneur, and their innovative
vision, involves far more than the financial investment. By
developing relationships with and supporting entrepreneurs for the
long-term, these private equity firms are more than investors,
they're partners," says Scott
Omelianuk, editor-in-chief of Inc. media.
"Many investors make a lot of empty promises, but we have
delivered on our commitment that the least useful thing we'll
provide is capital," Prime Movers Lab Founder and General Partner
Dakin Sloss said. "We work with each portfolio company as trusted
advisors to support hiring, public relations, government relations,
branding, sales, and executive coaching to serve as true partners
to our CEOs."
Prime Movers Lab recently announced raising $500 million for its first early growth fund,
bringing the firm's total assets under management to more than
$1 billion. The firm invests in
breakthrough science companies that are reinventing energy,
transportation, infrastructure, manufacturing, human augmentation,
and agriculture.
"Dakin and Prime Movers Lab are a very different kind of
investor than any I have had in the past 30 years. What sets them
apart in an entirely different (and better) category is how smart,
helpful, and humble they are. They took the time to understand our
business and technology better than anyone else and thus were able
to add more value. They also are thought leaders – and leaders in
general – not looking to others for social proof – they are bold
enough and smart enough to be strong and supportive backers.
Finally, and on top of all of that, they share my goal of making
the world a better place, and I very much look forward to doing
just that with them," said Heliogen, Energy Vault, and Carbon
Capture Founder Bill Gross.
"The Prime Movers Lab team has delivered for Tarana Wireless.
First, as a board member, I saw their unparalleled commitment to
their portfolio companies over three, very different fundraising
rounds," said Tarana CEO Basil
Alwan. "And, since becoming the CEO of Tarana, I've come to
appreciate their hands-on full support as we scale and deliver
broadband to underserved communities."
"I love working with the Prime Movers Lab team because they
provide untold amounts of strategic insight, support, and
engagement," E-Space Founder and CEO Greg
Wyler said. "I've built numerous companies and have found
Prime Movers Lab to be the most thoughtful, connected, and invested
partner. Prime Movers Lab is a truly different type of venture
capital firm that is well poised for this new era of scientific
breakthroughs."
"Prime Movers Lab has built an impressive team across investment
and technical partners. They uniquely understand deep
technology—and are able to accurately assess challenges in
diligence, then connect their founders and support them on both
business and engineering expertise. We're grateful to have Prime
Movers Lab on the Boom Supersonic team," said Boom Supersonic
Founder and CEO Blake Scholl.
To compile the list, Inc. went straight to the source:
entrepreneurs who have raised private equity or venture capital.
Founders filled out a questionnaire about their experiences
partnering with private equity and venture capital firms and shared
data on how their portfolio companies have grown during these
partnerships. To see the complete list, go
to: https://www.inc.com/founder-friendly-investors/2022
The October 2022 issue of Inc. magazine is available
online now at https://www.inc.com/magazine and will be on
newsstands beginning October 4,
2022.
About Prime Movers Lab
Prime Movers Lab invests in
breakthrough scientific startups founded by Prime Movers, the
inventors who transform billions of lives. We invest in companies
reinventing energy, transportation, infrastructure, manufacturing,
agriculture and human augmentation. Portfolio investments span
in-space transportation, industrial solar heat, ag tech, brain
upgrades, nano-structured materials, wafer slicing, prosthetics, 3D
printing, mobility, longevity and AI. For more information, please
visit https://www.primemoverslab.com.
About Inc.
The world's most trusted business-media
brand, Inc. offers entrepreneurs the knowledge, tools, connections,
and community they need to build great companies. Its award-winning
multiplatform content reaches more than 50 million people each
month across a variety of channels including websites, newsletters,
social media, podcasts, and print. Its prestigious Inc. 5000 list,
produced every year since 1982, analyzes company data to recognize
the fastest-growing privately held businesses in the United States. The global recognition that
comes with inclusion in the 5000 gives the founders of the best
businesses an opportunity to engage with an exclusive community of
their peers, and the credibility that helps them drive sales and
recruit talent. The associated Inc. 5000 Conference is part of a
highly acclaimed portfolio of bespoke events produced by Inc. For
more information, visit www.inc.com.
Contact: Gavin Mathis,
406-539-7277, gavin@primemoverslab.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/prime-movers-lab-named-to-incs-2022-list-of-founder-friendly-investors-301641789.html
SOURCE Prime Movers Lab