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Key people at Prospect Mining Studio / newlab Ventures.
Prospect Mining Studio / newlab Ventures was founded in 2023 by Vivek Salgaocar (Founder).
Prospect Mining Studio, a joint venture of Newlab and Vimson Group, operates as an innovation platform modernizing the global mining industry. It identifies, invests in, and accelerates startups developing solutions for enhanced efficiency, safety, and sustainability. The studio facilitates commercialization of de-risked technologies through strategic partnerships and pilot initiatives across the mining value chain.
The studio originated from the partnership between Newlab, a developer of deep-tech innovation ecosystems, and Vimson Group, a prominent mining conglomerate. Their collaboration stemmed from a shared recognition that the sector critically needs technological advancements and sustainable practices to meet future resource demands. The venture combines Newlab's acceleration model with Vimson's industry insight.
Prospect Mining Studio supports global startups innovating for mining, connecting them with corporations and partners seeking advanced technology. Its vision is to foster an ecosystem addressing rising demand for critical minerals essential for a low-carbon economy. The studio enables efficient and environmentally sound raw material extraction.
Prospect Mining Studio / newlab Ventures has 2 tracked investments across 2 companies. The latest tracked deal is $45.0M Series A in Genomines in September 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 1, 2025 | Genomines | $45.0M Series A | Michael Kearney, Alexander Hoffmann | Entrepreneur First, Foobar.vc, Lowercarbon Capital, Prime Ventures, Progression Fund, The Engine, Salida, Alphatech Investment Group, DeepTech & Climate Fonds, Elemental Impact, Entrepreneurs First, Hyundai Motor Group, Raise Sherpas, Teampact Ventures |
| Mar 1, 2023 | talpasolutions | $16.0M Series B | Frederick Michna | F LOG Ventures, Gründerfonds Ruhr, Hannover Digital Investments, Christian Ziach, NRW.BANK, RAG Stiftung, Robert Bosch Venture Capital |
Prospect Mining Studio / newlab Ventures was founded in 2023 by Vivek Salgaocar (Founder).
Key people at Prospect Mining Studio / newlab Ventures.