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XPRIZE Foundation company logo
Non-Profit Foundation
xprize.org

Investments

34

Portfolio Exits

1

Partners & Customers

10

About XPRIZE Foundation

XPRIZE Foundation is a a 501(c)(3) nonprofit designing and implementing innovative competition models to solve the world's grandest challenges. XPRIZE utilizes a unique combination of gamification, crowd-sourcing, incentive prize theory, and exponential technologies as a formula to make 10x (vs. 10%) impact in the grand challenge domains facing our world.

Headquarters Location

800 Corporate Pointe Suite 350

Culver City, California, 90230,

United States

310-741-4880

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Latest XPRIZE Foundation News

Marc Benioff and Jim Cramer Supported XPRIZE Next-Gen Mask Challenge Records Massive Participation

Oct 3, 2020

The Five-Month Contest Collected Nearly a Thousand Entries From Over 70 Countries Around the World, Reimagining and Redesigning Surgical-Grade Protective Masks October 02, 2020 09:08 PM Eastern Daylight Time LOS ANGELES--( BUSINESS WIRE )-- XPRIZE today announced that the million dollar Next-Gen Mask Challenge received record-breaking team entry numbers in their newest initiative that called upon young innovators from around the world ages 15 to 24 to reimagine protective face masks. By limiting participation to youth participants, XPRIZE aimed to galvanize the next generation of innovators, and the overwhelming response demonstrated the eagerness of Gen-Z creators to make an impact on the world. Within 60 days, the XPRIZE Next-Gen Mask Challenge received 992 interested participants, making it the largest, most prolific call-to-action in XPRIZE Foundation history. Potential teams originated from 76 countries, proof of the global desire to overcome many of the common barriers associated with traditional protective masks. “We understand that masks can be ill-fitting, uncomfortable, unfashionable, and that the most effective masks are often unavailable or expensive for everyday people. We need an alternative, that’s why XPRIZE is turning to the world’s young innovators to help reinvent the face mask and create an accessible alternative that will help protect against the spread of COVID-19,” said Peter H. Diamandis, XPRIZE founder and executive chairman. “We’re going to take the top 25 designs and find out if they’re manufacturable. Once we determine their manufacturability, we’re going to take the top 10 of those and go out to influencers to gauge acceptance.” XPRIZE, a nonprofit organization that uses global competitions to crowdsource solutions to some of the world’s biggest challenges, recognized that currently one-third of the US population doesn’t regularly wear a mask, despite evidence showing that when used properly they can significantly reduce transmission of viruses. The $1M XPRIZE Next-Gen Mask Challenge contest, sponsored by Marc Benioff and Jim Cramer, will award the grand prize to young innovators whose mask design best combines ingenuity, effectiveness, X-factor of style, and ability to overcome common barriers to use as measured by a pre-Challenge poll taken by over 3,000 participants. “There is a gigantic amount of evidence that masks can stop the spread,” said Jim Cramer, the host of Mad Money on CNBC. “I’m so proud to sponsor the XPRIZE Next-Gen Mask Challenge with Marc Benioff, it's amazing how resourceful people are when you ask them to design a mask that those who object to most masks might even wear.” “If everyone in the United States wore a mask for 3 weeks — just 3 weeks — we would not have anymore coronavirus, because there would be no more spread, but people do not want to wear masks,” said sponsor Marc Benioff. XPRIZE’s Next-Gen Mask Challenge will culminate in a final judging event, with in-lab testing this October supported by partners 3M and Honeywell and winners will be announced later this year. Additional details and the list of teams moving forward can be found here. ABOUT XPRIZE XPRIZE, a 501(c)(3) nonprofit, is the global leader in designing and implementing innovative competition models to solve the world’s grandest challenges. Active competitions include the $20 Million NRG COSIA Carbon XPRIZE, the $10 Million Rainforest XPRIZE, the $10 Million ANA Avatar XPRIZE, the $5 Million IBM Watson AI XPRIZE, $5 Million XPRIZE Rapid Reskilling, XPRIZE NextGen Mask Challenge and $5 Million XPRIZE Rapid COVID Testing. For more information, visit xprize.org.

XPRIZE Foundation Investments

34 Investments

XPRIZE Foundation has made 34 investments. Their latest investment was in Carbyon as part of their Grant on April 4, 2022.

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XPRIZE Foundation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/25/2022

Grant

Carbyon

$1M

Yes

1

4/25/2022

Grant - II

8 Rivers

$1M

Yes

1

4/22/2022

Biz Plan Competition

Carbfix

$1M

Yes

6

4/22/2022

Grant - II

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$99M

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10

4/22/2022

Grant - III

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$99M

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10

Date

4/25/2022

4/25/2022

4/22/2022

4/22/2022

4/22/2022

Round

Grant

Grant - II

Biz Plan Competition

Grant - II

Grant - III

Company

Carbyon

8 Rivers

Carbfix

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Amount

$1M

$1M

$1M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

6

10

10

XPRIZE Foundation Portfolio Exits

1 Portfolio Exit

XPRIZE Foundation has 1 portfolio exit. Their latest portfolio exit was 8 Rivers on March 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

3/7/2023

Corporate Majority

$99M

2

Date

3/7/2023

Exit

Corporate Majority

Companies

Valuation

$99M

Acquirer

Sources

2

XPRIZE Foundation Partners & Customers

10 Partners and customers

XPRIZE Foundation has 10 strategic partners and customers. XPRIZE Foundation recently partnered with University of Glasgow on September 9, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

9/28/2023

Partner

United Kingdom

University of Glasgow - University news - University of Glasgow to host XPRIZE Europe (UK) Hub

`` The new partnership with XPRIZE offers the University of Glasgow the opportunity to be a visible part of a growing global movement .

1

1/4/2022

Partner

Netherlands

8/25/2021

Partner

Canada

Avatar partners with XPRIZE to run carbon removal accelerator — Avatar Innovations XPRIZE, Avatar Innovations & UCalgary Form Partnership to Run Carbon Removal Accelerator for $100M Prize.

To support the interface between Canada 's leading energy companies and emerging carbon reduction technology companies , the Calgary Energy Transition Centre will be opened October 1st , 2021 through a partnership between Avatar Innovations and Aspen Properties .

1

8/11/2020

Partner

United States

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10

2/19/2019

Partner

United States

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10

Date

9/28/2023

1/4/2022

8/25/2021

8/11/2020

2/19/2019

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United Kingdom

Netherlands

Canada

United States

United States

News Snippet

University of Glasgow - University news - University of Glasgow to host XPRIZE Europe (UK) Hub

`` The new partnership with XPRIZE offers the University of Glasgow the opportunity to be a visible part of a growing global movement .

Avatar partners with XPRIZE to run carbon removal accelerator — Avatar Innovations XPRIZE, Avatar Innovations & UCalgary Form Partnership to Run Carbon Removal Accelerator for $100M Prize.

To support the interface between Canada 's leading energy companies and emerging carbon reduction technology companies , the Calgary Energy Transition Centre will be opened October 1st , 2021 through a partnership between Avatar Innovations and Aspen Properties .

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Sources

1

1

10

10

XPRIZE Foundation Team

10 Team Members

XPRIZE Foundation has 10 team members, including , .

Name

Work History

Title

Status

Peter H. Diamandis

Founder

Current

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Name

Peter H. Diamandis

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Work History

Title

Founder

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Status

Current

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