News and Resources

Daniel Ek and Prima Materia have invested in a number of companies and funds. You can hear from Daniel about the purpose of Prima Materia and find more details about the investments here:

Daniel Ek Announces €1 Billion for Ground-Breaking European Startups on The Node by Slush Stage- (24/09/2020)

Additional reading: Fortune, TechCrunch

Additional listening: Twenty Minute VC

Northvolt aims to deliver the world’s greenest battery cell. Their approach targets batteries with an 80% lower carbon footprint by 2030, harnessing a combination of renewable energy, recycled materials and the application of digital technology.

Northvolt raises $600 million to invest in capacity expansion, R&D and giga-scale recycling- (29/09/2020)

Additional reading: Bloomberg, CNBC

H2 Green Steel aims to accelerate the decarbonisation of steel production. Their technology is designed to eliminate almost all carbon dioxide from steel production. Given that manufacturing steel represents up to 7% of the world’s carbon emissions, this is exactly the sort of breakthrough technology the world needs.

H2 Green Steel completes strong USD 105 million initial funding round to accelerate the transition into fossil-free steel making- (23/02/2021)

Additional Reading: Bloomberg Green, CNBC, Reuters

Pale Blue Dot is an early-stage climate venture fund that invests in European companies that aim to reduce or reverse climate change through changing systems, not just consumer behaviour. Some of its early investments range from carbon sequestration to using AI and satellite data to better map the impact of forest fires on trees.

Pale Blue Dot closes €87m climate tech fund - (14/04/2021)

Additional reading: Dagens Industri, TechCrunch

Helsing is a new type of artificial intelligence company focused on defence and security. Defence may seem a surprising investment for us, but we share Helsing’s conviction that liberal democratic values are worth defending and that artificial intelligence will be an essential capability to keep us safe. Helsing was set up to build AI to serve our democracies and play a part in protecting them from harm. The software is created to aid human decision making in security situations. It won’t replace humans with AI, but will gather data from multiple sensors on vehicles and systems to help people process complex and diverse information more reliably and act quickly.

Helsing Announces €102.5m Series A Investment led by Prima Materia - (09/11/2021)

Additional reading: Financial Times, Handelsblatt, TechCrunch

Air Street Capital is a venture capital firm that invests in early AI-first technology and life science companies. Its goal is to create enduring companies that make a lasting impact on their markets.

Air Street Capital raises $26M - (20/05/2021)

Additional reading: State of AI Report