Endowments for Harvard and Princeton have participated in Material Impact’s second fund, which closed at $200m after being oversubscribed.
Material Impact, a US-based venture capital firm with a keen interest in spinouts, has closed its second fund at $200m with limited partners including several university endowments.
Only the endowments of Harvard and Princeton universities were identified by Forbes as limited partners, while Material Impact said in its announcement the roster of investors also included family offices, foundations and fund-of-funds.
Material Impact was founded in 2015 to invest in material science technologies with potential applications in industries including…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
