Prime Movers Lab Rundown: Investing in Drug Discovery; Gravity Storage Takes Off in China, and DOE Announces Fusion Energy Hubs
Before the holiday break, Prime Movers Lab led a $23 million Series A investment in drug discovery startup Zafrens. Other highlights from December include Energy Vault’s continued progress in deploying its gravity storage systems in China so be sure to check out the Forbes piece below. In addition, we celebrated the launch of three new inertial fusion energy hubs, including one that portfolio company Focused Energy will play a key role in with Lawrence Livermore National Laboratory. See the rest of the top headlines from December below:
- Forbes: Energy Vault Wins Big With Gravity Storage In China (Energy Vault)
- Businesswire: Zafrens Launches with $23M in Financing to Advance Multiple Stages of Drug Discovery in a Single Experiment at Unprecedented Scale (Zafrens and Prime Movers Lab)
- Fox 10: Arizona housing developer making 3D printed homes wants to help Ukraine’s infrastructure (Diamond Age)
- Department of Energy: DOE Announces $42 Million for Inertial Fusion Energy Hubs (Focused Energy)
- Florida Today: Space Perspective finishing construction of prototype Spaceship Neptune in Titusville (Space Perspective)
- Space.com: Axiom Space’s 3rd private mission will conduct pioneering microgravity experiments on ISS (Axiom Space)
- Wall Street Journal: Pentagon Eyes Microwave Weapons to Tackle Drone Threat (Epirus)
Prime Movers Lab invests in breakthrough scientific startups founded by Prime Movers, the inventors who transform billions of lives. We invest in seed-stage companies reinventing energy, transportation, infrastructure, manufacturing, human augmentation, and agriculture.
