MIT Media Lab
75 Amherst St, Cambridge, Massachusetts, 02142, United States
Overview
Actively promoting a unique, antidisciplinary culture, the MIT Media Lab goes beyond known boundaries and disciplines, encouraging the most unconventional mixing and matching of seemingly disparate research areas. It creates disruptive technologies that happen at the edges, pioneering such areas as wearable computing, tangible interfaces, and affective computing. Today, faculty members, research staff, and students at the Lab work in more than 25 research groups on more than 350 projects that range from digital approaches for treating neurological disorders, to a stackable, electric car for sustainable cities, to advanced imaging technologies that can “see around a corner.” The Lab is committed to looking beyond the obvious to ask the questions not yet asked–questions whose answers could radically improve the way people live, learn, express themselves, work, and play.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 9
Sector focus
- EdTech
- Education
- Product Research
- Travel
Investment portfolio
- SendFriend
Participated · Equity · Feb 2019
SendFriend provides a blockchain technology platform aimed at reducing the cost of remittance payments for Overseas Filipino Workers. The company leverages a partnership with Ripple and uses xRapid, employing XRP as a liquidity vehicle to convert USD to XRP to PHP in seconds and circumvent the correspondent banking system. Led by co-founder and CEO David Lighton, SendFriend was accepted into the Barclays Accelerator Program, Powered by Techstars, to further develop its customer-first solution. The company plans to launch in New Jersey and expand availability to OFWs in other U.S. states via desktop and mobile. Financially, SendFriend has raised $1.7M in total funding and intends to use the proceeds to build out the team, and to focus on community engagement and marketing efforts.