PROJECT

Projects

Summary of Investment Information

Project Number

48808

Company Name

Engine Fund III, L.P.

Date SPI Disclosed

Oct 26, 2023

Country

World Region

Region

Global

Projected Board Date

Nov 28, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Mar 20, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Dec 19, 2023
Signed : Feb 21, 2024
Invested : Mar 18, 2024

Sector

Venture Capital Fund

Project Description

 Engine Fund III, L.P. is a venture capital fund based in Cambridge, Massachusetts and a Delaware limited partnership that will invest in Tough Tech companies seeking to bring breakthrough scientific discoveries and technologies to market. The Fund will back companies with deep tech focus with the emphasis on Advanced Systems, Biotech, Climate & Energy, Food and Agriculture, Robotics, and Deep Compute. The proposed IFC investment is a US$25 million equity investment as part of the Engine Fund III capital raise.

Associated Advisory Engagement

 There are no Advisory Engagements associated with this investment.    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation