Stage FocusSeed, Series A, Series B+
GeographyUS
TypeUniversity VC
Last Activity2025
Industry Focus
Industries
Climate TechFusion EnergyQuantum ComputingSynthetic BiologyAdvanced Materials
Technical BenchStrong
Investor TypeUniversity Fund
ExposureMostly DeepTech Investments
Bio
The Engine was founded in 2016 as a venture built by MIT, spun out as Engine Ventures in 2023, and became a 501(c)(3) nonprofit in 2025. AUM exceeds $1B across Fund I ($200M+, 2017), Fund II ($230M, 2020), and Fund III ($398M, 2024). MIT invested $25M in Fund I and $35M in Fund II; Harvard joined as an LP in Fund II.
The 56 portfolio companies focus on "Tough Tech"—technologies requiring long dev...
Notable Investments
C
Commonwealth Fusion SystemsS
Sublime SystemsV
VEIRA
Atlantic QuantumC
Cellino BiotechH
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