MIT Angels
Cambridge, MA, United States
Overview
MIT Alumni Angels is the official alumni-based startup investment network of MIT, with chapters in BOS, SF, NYC and 700+ investor members
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Investment portfolio
- TissueLabs
Participated · Seed · Mar 2024
TissueLabs is a biotech company focused on producing synthetic tissues and organs for therapeutic applications, with a product portfolio that includes advanced 3D bioprinters, tissue-specific biomaterials, and specialized software. The company closed an $800,000 pre-seed to accelerate research and development of its proprietary technology platforms and to expand its team and partnerships. Part of the funding was specifically allocated to establish a new biofabrication hub in Bellinzona, underscoring a commitment to scale manufacturing and R&D. The Bellinzona facilities occupy the Gallera building and include two independent state-of-the-art laboratories for production and research, plus modern offices and meeting spaces. TissueLabs intends to use the hub to scale up production of its bioprinters and biomaterials and to advance development of solutions aimed at clinical applications. CEO and Founder Dr. Gabriel Liguori and CSO Dr. Tácia Liguori framed the investment and new facilities as a major step toward accelerating the company’s vision and work on new treatments.
- Axiom Exergy
Participated · Equity · Aug 2016
Axiom Exergy develops Refrigeration Battery® technology that enables commercial and industrial refrigeration systems to operate intelligently via cloud-connected power management. The company offers Storage-as-a-Service to supermarkets and commercial buildings to access high refrigeration-based energy loads. Led by CEO and co-founder Amrit Robbins, Axiom targets grocery stores and cold storage facilities with its thermal energy storage solutions. The firm intends to scale these solutions in large, multi-site rollouts and begin rolling out additional Refrigeration Battery features such as grid services. Axiom recently raised $7.6M in a Series A, bringing total funding to date to $12.5M. Previous investors include Tesla CTO JB Straubel, Larry Mohr, Seabed VC and the Stanford-StartX Fund. Axiom Exergy develops the Refrigeration Battery, a modular, retrofit thermal energy storage system that freezes a tank of salt water at night to ‘store cooling’ and supply refrigeration services during peak hours. The system operates in parallel with existing refrigeration equipment, enabling more than six hours of load shifting without physical or programming changes to existing systems. Axiom says the Refrigeration Battery can reduce peak energy demand by up to 40 percent and provides backup cooling to protect perishable inventory during outages. The company targets supermarkets, food distribution centers, cold storage facilities and utilities seeking behind-the-meter, long-duration storage for congestion management. Axiom reports a growing pipeline with over $5 million in orders and offers no-money-down financing so hosts can save from day one. The company plans to use recent funding to scale deployments, expand the project development team, advance product development and testing, and run early pilots with major grocery chains in California.