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Angel Investor (Group)
castorventures.com

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Investments

24

Portfolio Exits

1

Funds

5

About Castor Ventures

Castor Ventures is a community of MIT alums: investors, executives, entrepreneurs, and innovation enthusiasts, all with a connection to MIT. At its core, Castor is a MIT alumni venture fund investing in MIT alumni entrepreneurs.

Castor Ventures Headquarter Location

201 Jones Road

Waltham, Massachusetts, 02451,

United States

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Latest Castor Ventures News

Risilience Closes $9.2 mln Series A round to Help Businesses Assets Climate Change Risks

Oct 24, 2021

Risilience Closes $9.2 mln Series A round to Help Businesses Assets Climate Change Risks By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team Risilience Closes $9.2 mln Series A round to Help Businesses Assets Climate Change Risks By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team Risilience, an analytics startup based in England, has raised $9.2 in Series A funding to help companies around the globe reach their net-zero goals. The founding round IQ Capital with participation from insurance multinational Tokyo Marine and US MIT alumni investment fund Castor Ventures. The capital will be allocated to boosting the development of its […] / share Published on October 24, 2021 Risilience, an analytics startup based in England, has raised $9.2 in Series A funding to help companies around the globe reach their net-zero goals. The founding round IQ Capital with participation from insurance multinational Tokyo Marine and US MIT alumni investment fund Castor Ventures. The capital will be allocated to boosting the development of its platform to meet the increasing demand by organizations looking to reach net-zero emissions. Dr. Andrew Coburn, CEO of Risilience, referred to the round by stating: “We are delighted to have the support of IQ Capital, Tokio Marine Holdings, and Castor Ventures in our ambitious plan to provide world-class solutions for businesses to de-risk their exposure to climate change. We selected these investors for their ability to partner with us and add expertise and access to key market sectors.” Risilience was founded in 2021 to help organizations reach their environmental goals by providing them with actionable insights via datasets and quantifying tools. The startup uses the approach recommended by the Centre for Risk Studies at the University of Cambridge, Judge Business School. To date, companies like Nestlé, Burberry, Reckitt, EasyJet, Maersk, Informa, Abrdn, and AXA XL are already using the platform developed by the startup. Kerry Baldwin, Managing Partner of IQ Capital, said about the startup’s recent success: “Risilience combines the technology, science, customer base and academic rigour to make a real and practical difference in the fight against climate change. This is an example of a British business helping the world’s largest companies to achieve and evidence net zero transition.” As environmental concerns continue to grow around the world, more than one-fifth of all large corporations are looking to reduce their environmental impact by taking steps to reach the net-zero target. Risilience is looking to make the process easier for companies while keeping them on track, allowing them to satisfy their consumer base’s concerns but also has been shown to provide multiple benefits that justify the implementation costs. Tags

Castor Ventures Investments

24 Investments

Castor Ventures has made 24 investments. Their latest investment was in Risilience as part of their Series A on October 10, 2021.

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Castor Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/21/2021

Series A

Risilience

$8.2M

Yes

IQ Capital, and Tokio Marine Asset Management

6

7/19/2021

Series B

ACTIV Surgical

$45M

Yes

2

7/12/2021

Series B

Algolux

$18.4M

Yes

2

6/22/2021

Series A

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$99M

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10

6/8/2021

Series B

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$99M

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10

Date

10/21/2021

7/19/2021

7/12/2021

6/22/2021

6/8/2021

Round

Series A

Series B

Series B

Series A

Series B

Company

Risilience

ACTIV Surgical

Algolux

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Amount

$8.2M

$45M

$18.4M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

IQ Capital, and Tokio Marine Asset Management

Sources

6

2

2

10

10

Castor Ventures Portfolio Exits

1 Portfolio Exit

Castor Ventures has 1 portfolio exit. Their latest portfolio exit was DataXu on October 22, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/22/2019

Acquired

$991

2

Date

10/22/2019

Exit

Acquired

Companies

Valuation

$991

Acquirer

Sources

2

Castor Ventures Fund History

5 Fund Histories

Castor Ventures has 5 funds, including Castor Ventures Fund 3Q.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/27/2018

Castor Ventures Fund 3Q

$1.05M

1

7/27/2018

Castor Ventures Fund 3

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$99M

10

Castor Ventures Fund 5

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$99M

10

Castor Ventures Fund 5Q

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$99M

10

Castor Ventures Fund 2

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$99M

10

Closing Date

7/27/2018

7/27/2018

Fund

Castor Ventures Fund 3Q

Castor Ventures Fund 3

Castor Ventures Fund 5

Castor Ventures Fund 5Q

Castor Ventures Fund 2

Fund Type

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Amount

$1.05M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

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