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The Engine

The Engine

  • Cambridge, Massachusetts, United States

  • Cambridge, Massachusetts, Greater Boston Area, East Coast, New England

Stage

  • Early Stage, Seed

Type

  • Venture Capital

Description

MIT’s Engine, launched in 2016, supports tech startups with funding, workspace, and streamlined support, prioritizing breakthrough ideas over profit.

Mission

The Engine mission is to make a more optimistic future possible, faster by making it easier for Tough Tech to change the world.

Beauty Investments #

  • 1

Primary Sector

  • HealthCare

Beauty Exits #

Last Beauty Invest

  • May, 2022-Seaspire Skincare -$3.2M

BEAUTY PORTFOLIO

How to Apply?

https://engine.xyz/contact

Criteria

Geographical Focus:
” Not specified, but The Engine Accelerator operates in areas conducive to Tough Tech development and commercialization.”
Investment Stages:
“Early-stage to growth-stage, focusing on the transition from discovery to commercialization.”
Traction:
“Supports teams through comprehensive programs, specialized infrastructure, and an ecosystem for transformative technologies.”
Sectors:
“Tough Tech, which includes climate change, human health, and advanced systems and infrastructure.”
Revenue:
” $7M Annual Revenue but the focus is on creating technologies that can lead to significant societal and environmental impact.”

Resources Breakdown Funding Terms
  • $9M to $11M

Education
  • No
Accelerator
  • Type-No
  • Duration-No
Network
  • 72
1:1
  • Yes

IMPERATIVE: CULTURE & VALUES

TBD

TBD

TBD

TBD

TBD

TBD

BEAUTY FUNDER FIT SCORE

Resources

Education

Accelerator

Network

1:1

3.15/10

*This score calculates the likelihood of any beauty brand getting funded by the investor. The score gives weights to number of beauty investments, recency of beauty investment, number of beauty exits, inclusivity inclination, resources offered, etc.

Inclusivity Investments %
  • 48.57%
Beauty Investments #
  • 1

Beauty Exits #
  • 0
Last Beauty Invest
  • May, 2022-Seaspire Skincare -$3.2M

LEAD DETAILS

Lead Contact

Dax Kepshire

Title

Founder Advisor

LinkedIn

Twitter Handle

The Engine

Contact

hello@engine.xyz

1(617)500-1005

JUMP CONCLUSION

The Engine focuses on startups in biotechnology, energy, sustainability, and advanced technology, with a preference for Massachusetts-based companies due to proximity to MIT. Their strategy includes investing across various growth stages without leading rounds, supporting ventures with transformative ideas.

Lower End of Good Beauty Funder Fit.

Layer 1