Prima Materia

Family Office·Stockholm, Sweden·€1B personal commitment from Daniel Ek over a decade; fund size not formally disclosed

Founded in 2021 by Spotify CEO Daniel Ek and early Spotify investor Shakil Khan, Prima Materia is a private investment vehicle backed by Ek's personal pledge of €1B over a decade into European technology companies. Described as a '100 year project', the firm takes a builder and active owner approach to a small number of long term bets. Prima Materia led the €600M Series D for defence AI company Helsing (valued at $12B) and is an original backer of Neko Health (co-founded by Ek). Other investments include Northvolt, H2 Green Steel, and Pale Blue Dot. The firm focuses on foundational technologies with lasting societal impact.

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Defence AIHealthcare TechnologyClimate & EnergyDeep Tech Infrastructure

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Helsing

Hiring

Defence Tech·Series D

Helsing is a Munich-based defence technology company focused on building AI-powered software and autonomous systems for military applications across air, land, sea, space, and cyber domains. The company has rapidly scaled from its 2021 founding to become one of Europe's most valuable defence tech startups, valued at €12B following a €600M Series D led by Spotify CEO Daniel Ek's Prima Materia. Helsing has delivered thousands of strike drones to Ukraine, acquired aircraft manufacturer Grob Aircraft, and unveiled the CA-1 Europa autonomous combat aerial vehicle. It is a key player in European technological sovereignty and defence AI.