MIT Solve
NE49, 600 Technology Square Floor 3, Cambridge, MA, 02139, United States
Overview
Solve is an initiative of the Massachusetts Institute of Technology (MIT) that advances lasting solutions from tech entrepreneurs to address the world's most pressing problems. Each year, Solve issues four Global Challenges to find the most promising solver teams who will drive transformational change. It then builds and convenes a community of leaders and changemakers to form partnerships these solver teams need to scale their impact. Solve was born out of MIT in 2016, a natural offshoot of MIT’s commitment to open technological innovation, and its long commitment to actionable thought leadership in the public sphere.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 9
Sector focus
- Communities
- Non Profit
Investment portfolio
- Rheaply
Participated · Equity · Jun 2021
Rheaply’s core product is the Asset Exchange Manager (AxM), a hybrid asset-management system and peer-to-peer online marketplace that lets organizations visualize inventory, track depreciation and seamlessly exchange surplus resources. By combining transparent asset tracking with a gamified exchange interface and built-in sustainability metrics, the platform maximizes reuse, remanufacturing and proper disposal of materials. Clients across enterprises, academia and government—including the U.S. Air Force, Google, AbbVie, Exelon, MIT and several universities—have executed more than 5,000 transactions on AxM. These exchanges have diverted over 15 metric tons of waste and delivered millions of dollars in cost savings. With its newest capital, the company will roll out a multi-phase carbon product roadmap created with Microsoft, adding carbon-reduction reporting so users can link asset reuse to emissions accounting and potential carbon credit opportunities. Rheaply previously secured an $8 million Series A round in February 2021 and a $2.5 million seed round, bringing total disclosed funding to at least $12.7 million. The company positions itself as the first B2B asset-exchange platform to integrate carbon metrics, aiming to become a cornerstone of the circular economy.
- CENTURY Tech
Led · Seed · Jun 2021
CENTURY Tech builds an AI-powered learning platform that personalises learning pathways for each student while providing teachers with data insights and saving time on marking and planning. The company says its technology incorporates pedagogy and curriculum content and is used by schools such as Eton and Dulwich College, as well as large groups like Cognita and The City School group. Usage of the platform increased by more than 400% in the last year, and the company reports 100% year-on-year growth since launching in 2017. CENTURY plans to scale its platform to more schools globally and expand its backend AI technologies to publishers and other content owners. It has also launched a personalisation-via-API solution used by BPP University and global publishing companies. The company was named a World Economic Forum Technology Pioneer, raising its profile with global leaders and partners. CENTURY Tech builds an AI, neuroscience and learning‑science powered teaching and learning platform that adapts dynamically to individual students across schools, colleges, universities and homeschooling. The platform tailors learning content, delivery and assessment to students' strengths, weaknesses and learning behaviours while giving teachers resources, tools and assessment data. All content is developed in‑house by teachers, neuroscientists, educational psychologists and technology experts, and the product includes notes, tips and nudges to encourage independent study. The company has so far raised $9.5 million (£7.5 million) in seed funding. CENTURY distributes its product globally across a range of educational levels and aims to offer teachers and learners access to intelligent tools to improve outcomes. Founded in 2013 by Priya Lakhani OBE and headquartered in London, the firm was named Economic Disruptor of the Year by the Spectator.