The Engine

Company

Investment-firm

Last deal

$9.5M

Amount

Grant

Stage

29.09.2023

Date

1

all rounds

$9.5M

Total amount

Financing round

General

About Company
The Engine is a venture capital firm founded by MIT to support new companies working on scientific and technological innovation.

Industry

Sector :

Subsector :

Keywords :

founded date

26.10.2016

Number of employees

Last funding type

Grant

IPO status

Private

Description

MIT's The Engine is a unique system for startup support that shortens the time from idea to investment, and from investment to impact. The company is seeking to attract hundreds of millions of dollars of support and to provide hundreds of thousands of square feet of space for entrepreneurs in Kendall Square and nearby communities, starting with 26,000 square feet in its Central Square headquarters. The Engine will make meaningful investments that will allow participating startups to get off the ground quickly and operate long enough to prove their concepts’ viability. Through the Engine Room, The Engine will provide access to a wide network of lab space, specialized equipment, business guidance, and other resources, at MIT and beyond.
Contacts

Contact Email

Social url

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Financials

Funding Rounds
1
1

Number of Funding Rounds

$9.5M

Money Raised

Their latest funding was raised on 29.09.2023. Their latest investor National Science Foundation. Their latest round Grant

Date 
Funding Round 
Investors 
Money Raised 
Lead 
National Science Foundation

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Industrial Support Services

Subsector

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Investments
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Date 
name 
Lead 
type 
Raised 
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Co-Investors
Investors
1
1

Number of lead investors

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Number of investors

Investor 
Lead 
Round 
Partners 
National Science Foundation

National Science Foundation

The National Science Foundation (NSF) is an independent federal agency that funds scientific research and education in the United States.

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People

Employee Profiles
18
Benjamin Downing

Benjamin Downing

Vice President of Public Affairs

Dulcie Madden

Dulcie Madden

Partner and Head of Partnerships

Orin Hoffman

Orin Hoffman

Partner and Head of Government Partnerships

Chloe Holzinger

Chloe Holzinger

Associate

Michael Kearney

Michael Kearney

Principal

Lakshana Huddar

Lakshana Huddar

Associate

Ian Johnston

Ian Johnston

Associate

Ann DeWitt

Ann DeWitt

General Partner

Activity

Recent News
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