About Prospect Innovation
Prospect Innovation, an accelerator and incubator program founded in 2019, is based in Singapore, Singapore. With a presence in 9 countries, it has supported around 35 startups in sectors like High Tech, Environment Tech. As of Aug 2026, Prospect Innovation has witnessed 5 portfolio exits. Most notable companies in
its portfolio include Phoenix Tailings, Skylark Drones and CUT. The program is backed by a team of 6 people who primarily support Series A startups based in France. Its latest investment was a $45M Series A round in Genomines on Sep 17, 2025, which also saw participation from Engine Ventures and Forbion.
Key Metrics
Founded Year
2019
Location
Singapore, Singapore
Portfolio Companies
Sectors of Investment
Stages of Investment
Series A
Locations of Investment
Prospect Innovation's List of Top Investments
Prospect Innovation has a portfolio of 35 companies. Their most notable investments include Phoenix Tailings and Skylark Drones.Their portfolio spans across United States, Canada, Germany and 6 more locations. They have invested in High Tech, Environment Tech, Enterprise Applications and 14 other sectors, across stages such as Series A stage. Here is the list of top investments by Prospect Innovation:Online mineral recovery from mining waste platform. It has developed technologies to remediate tailings ponds by extracting new ores and basic metals from bauxite residue. It is on a mission for zero waste and zero carbon emission resulting in reducing production costs. It eradicates metals such as alumina, iron, scandium, silica, and more. The offering sectors include cell phones, autos, aircraft, biotechnology, and more.
Key facts about Phoenix Tailings
- Founded Year: 2019
- Location: Woburn (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $149M
- Employee Count: 135 as on Jun 30, 2026
- Investors: Toba Capital, Nomura and 21 Others
- Latest Funding Round: Venture Debt, Feb 19, 2026, $*****
- Highlight: Editors' Pick
Provider of drone-enabled data analytics for mining, solar, and infrastructure. It offers a platform for accessing and understanding drone data. It provides tools for managing drone missions securely. It also offers solutions for various industries, including utilities and agriculture.
Key facts about Skylark Drones
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $4.58M
- Employee Count: 68 as on Aug 31, 2025
- Investors: IKP Knowledge Park, Indian Angel Network and 91 Others
- Latest Funding Round: Series A, Aug 09, 2023, $*****
- Highlight: Editors' Pick
3. CUT
Manufacturer focuses on advanced carbon-based building materials. It develops materials suited for concrete and similar construction applications using methods that incorporate captured carbon. Its work supports a range of structural needs through alternatives designed for durability and performance.
Key facts about CUT
- Founded Year: 2014
- Location: Calgary (Canada)
- Stage: Series A
- Total Funding till date: $50.9M
- Employee Count: 56 as on Jun 30, 2026
- Investors: Clean Energy Ventures, Climate Investment and 26 Others
- Latest Funding Round: Venture Debt, Apr 02, 2026, $*****
- Highlight: Editors' Pick
4. Nth Cycle
Provider of electronics and li-ion battery recycling technology. The platform provides electro-extraction technology installed onsite to recover critical minerals from separated e-waste, low-grade ore, and mine tailings.
Key facts about Nth Cycle
- Founded Year: 2017
- Location: Knoxville (United States)
- Stage: Series B
- Total Funding till date: $65.2M
- Employee Count: 60 as on Mar 31, 2026
- Investors: MassMutual, Clean Energy Ventures and 18 Others
- Latest Funding Round: Series B, Apr 24, 2026, $*****
- Highlight: Editors' Pick
5. Exyn
Fully autonomous aerial robotic systems developer. It offers drones providing 3D mapping solutions. It also offers AI-based software that enables drones to fly autonomously even in dark environments filled with obstacles and without GPS signals. Its technology is built upon the fusion of multiple redundant sensors, mapping for obstacle avoidance, and autonomous flight planning.
Key facts about Exyn
- Founded Year: 2014
- Location: Philadelphia (United States)
- Stage: Public
- Total Funding till date: $57M
- Employee Count: 50 as on Dec 31, 2022
- Investors: Yamaha Motor Ventures, AIRX and 8 Others
- Latest Funding Round: Series B, Jul 03, 2024, $*****
- Highlight: Public
Prospect Innovation's Year-on-Year Investment Trends
In 2025, it made 1 investment. Its most recent first time investment was in Genomines.Prospect Innovation's Investments by Stage
Prospect Innovation has made 1 investment in Series A stage with an average round size of $45M.Prospect Innovation's Investments by Sector
Prospect Innovation has a diverse portfolio, with companies operating in the Enterprise Applications and Mining. Notably, it has invested in 31 Enterprise (B2B) companies, 31 Tech companies, 16 Tech hardware companies and at least 12 companies focusing on Software.Prospect Innovation's Investments by Geography
Prospect Innovation has made most investments in France (1).Prospect Innovation's recent investments
Prospect Innovation has not made any investment in 2026 so far.Here are the most recent investments by Prospect Innovation:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 17, 2025 | France | Series A | 5816 | [+11] |
IPOs and Publicly Listed companies in Prospect Innovation's Portfolio
2 of Prospect Innovation's portfolio companies have become public. Exyn got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in May 2026 at marketcap of $59.7M and Earth Alive Clean Technologies got listed on the Canadian Securities Exchange (CSE) at marketcap of $50.2M.Here are Prospect Innovation's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 15, 2026 | - | - | 7269 | |
Apr 17, 2014 | - | - | 3552 |
Acquired companies in Prospect Innovation's Portfolio
3 companies from Prospect Innovation's portfolio have been acquired. The most recent acquisition was Safe AI in Jul 2025 by Pronto Technologies for $*****.Here are Prospect Innovation's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 15, 2025 | - | - | 7670 | |
May 26, 2025 | - | - | 8607 | |
Aug 22, 2023 | - | - | 1959 |
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Team profile of Prospect Innovation
Prospect Innovation has a team of 6 members including 2 Partners and 1 Principal located in India and Singapore. Prospect Innovation's team does not sit on the board of any company as of now.Here is a list of all team members in Prospect Innovation:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | - | - | |
Partner | India | - | - | |
Principal | India | - | - |
Co-investors of Prospect Innovation
Over the past year, 15 investors have co-invested in Prospect Innovation's portfolio companies. This includes funds and angels.
- Invested before Prospect Innovation: Lowercarbon Capital, Nicolas Douay and 2 others have invested in rounds before Prospect Innovation. There is 1 company where Lowercarbon Capital has invested before Prospect Innovation and 1 company where Nicolas Douay has invested before Prospect Innovation.
- Top Co-investors of Prospect Innovation: 11 investors entered a company along with Prospect Innovation. These include investors like Engine Ventures (1 company).
Recent News related to Prospect Innovation
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Princeton Critical Minerals Raises $16M in Series A and Grant FundingFinSMEs•Aug 13, 2026•Astor Asset Group, Prospect Innovation, SOSV, Grantham Foundation and 3 others
•
Genomines Raises $45M in Series A FundingFinSMEs•Sep 17, 2025•Elemental Impact, Genomines, Prospect Innovation, Engine Ventures and 8 others
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UpLink and Prospect Innovation partner to unearth sustainable mining solutionsWorld Economic Forum•Oct 09, 2023•Prospect Innovation
