Prima Materia
Prima Materia is the investment company co-founded by Spotify's Daniel Ek to back long-term European technology. It led the €600M (about $694M) round in Helsing, the European defense AI company, in June 2025 at a €12B valuation, and Ek became Helsing's chairman.
Investing activity
Prima Materia appears in 1 AI deal tracked by the AI Lounge deals desk, rounds totalling $694M, and led 1 of them. The rounds are mostly Series D, with a median round size of $694M. The most recent is Helsing (Series D, $694M, Jun 2025).
Deals
Frequently asked questions about Prima Materia
What AI companies has Prima Materia invested in?
Prima Materia's AI investments include Helsing. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Prima Materia based?
Prima Materia is based in Stockholm, Sweden.
What stage does Prima Materia invest at?
In the rounds tracked on AI Lounge, Prima Materia has invested at Series D, with a median round of $694M. Prima Materia led 1 of those rounds.
How can founders reach Prima Materia?
Founders on AI Lounge can see Prima Materia's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Prima Materia to their Investor Pipeline to track the conversation.