Announced

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Prime Movers Lab led a $50m Series A round in Diamond Age.

Synopsis

Prime Movers Lab, a company which invests in breakthrough scientific startups, led a $50m Series A round in Diamond Age, a full-stack robotics startup that is automating new home construction to make home ownership more affordable, with participation from Alpaca VC, Dolby Family Ventures, Timber Grove Ventures, Gaingels, and Signia Venture Partners. "Affordable housing is impacting people on a global scale. As the average age for first time homebuyers has moved from mid-twenties to mid-thirties, there's an increased demand for more rental property – forcing the entire hierarchy of renters into a more competitive market for "quality" housing. Helping the next generation of homebuyers get into their first house faster helps the entire ecosystem of housing," Jack Oslan, Diamond Age Co-founder and CEO.

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