Prima Materia

Prima Materia Prima Materia was founded in 2021 by Daniel Ek (Spotify CEO) and Shakil Khan with a €1B commitment. The thesis is "European moonshots". transformative technology for society with an explicitly European identity. The portfolio is impressive: Helsing (European defense AI unicorn, €600M Series D led by Prima Materia in 2025, now manufacturing HX-2 drones), Northvolt (EV batteries), H2 Green Steel (decarbonization), and Neko Health (body scanning). The focus on defense tech, aerospace