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Angel Investor (Group)
mitcnc.org/mitangels

Investments

7

Portfolio Exits

2

About MIT Angels

Headquarters Location

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Latest MIT Angels News

Axiom Exergy Picks Up $2.5M For Thermal Energy Storage

Aug 3, 2016

Richmond, California-based Axiom Exergy , a developer of energy storage devices specifically for facilities with large refrigeration needs, has raised $2.5M in a funding round, according to the company. The funding came from Element 8 Fund, Victory Capital, the MIT Angels, angel investors on the Propel(x) platform, the Sierra Angels, JB Straubel (co-founder and CTO of Tesla Motors), and others. Axiom Exergy develops thermal energy storage systems specifically used to reduce electricy costs for grocery stores and cold storage facilities.

MIT Angels Investments

7 Investments

MIT Angels has made 7 investments. Their latest investment was in Limer as part of their Bridge on November 11, 2021.

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MIT Angels Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/1/2021

Bridge

Limer

$0.31M

Yes

5/3/2021

Seed VC

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$99M

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10

10/22/2020

Seed VC - II

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$99M

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10

9/1/2020

Angel

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$99M

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10

5/18/2020

Series D

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$99M

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10

Date

11/1/2021

5/3/2021

10/22/2020

9/1/2020

5/18/2020

Round

Bridge

Seed VC

Seed VC - II

Angel

Series D

Company

Limer

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Amount

$0.31M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

10

10

10

10

MIT Angels Portfolio Exits

2 Portfolio Exits

MIT Angels has 2 portfolio exits. Their latest portfolio exit was Tertill on June 07, 2023.

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

6/7/2023

Merger

$99M

1

10/30/2020

IPO

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$99M

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10

Date

6/7/2023

10/30/2020

Exit

Merger

IPO

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

MIT Angels Team

1 Team Member

MIT Angels has 1 team member, including former President, Douglas C Spreng.

Name

Work History

Title

Status

Douglas C Spreng

President

Former

Name

Douglas C Spreng

Work History

Title

President

Status

Former

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