The Engine (Engine Ventures)
About
The Engine (Engine Ventures) 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 development timelines and patient capital. The crown jewel is Commonwealth
Industries
Stage focus
SeedSeries A
Geography
US
Notable investments
- Commonwealth Fusion Systems
- Sublime Systems
- VEIR
- Atlantic Quantum
- Cellino Biotech
- HyperLight
Raising from The Engine (Engine Ventures)?
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