ResearchGate Lands $35 Million Series C to Advance Scientific Innovation Through Open Science
ResearchGate, the professional network for scientists, has raised a $35 million series C investment from Bill Gates and Tenaya Capital with participation from Dragoneer Investment Group, Thrive Capital, and the company’s existing investors Benchmark and Founders Fund.
Open Science Era
The network is now embarking on leading its research community into the open science era by removing archaic silos of science to intelligently connect scientists, data, and resources.
According to Ijad Madisch, co-founder and CEO of ResearchGate, ” “Our goal is to free knowledge from the ivory tower, to digitalize it, and make it accessible for everyone in order to accelerate scientific progress.”
Investing for Science & Society
He added that with Bill Gates and Tenaya Capital, who understand the relevance of what we are doing not only for science, but for society, ResearchGate will ensure everyone has the possibility to lead a healthy and productive life. He added that ResearchGate will come up with new solutions to eradicate diseases and spread new knowledge quickly and effectively and is using the funds to build the digital infrastructure to make this happen.
Scientific Data Online
The new financing will help spur further innovation in the fields of sharing and searching for scientific data online, including raw data and data from failed experiments. ResearchGate is also improving the way scientific reputation is measured.
Ben Boyer, managing director of Tenaya Capital confirmed, “ResearchGate not only has the opportunity to influence the trillion dollars spent yearly on research and development but – through scientific breakthroughs enabled by the network’s knowledge share – impact the world as a whole.”
Power to Change the World
With over 2.9 million users, ResearchGate “…has the power to change the world,” according to Benchmark General Partner Matt Cohler, who led the Series A investment and is a member of the board.
He added, “We are just beginning to see the transformative impact of removing the arcane barriers to scientific collaboration and sharing. We’re thrilled to welcome Bill Gates and Tenaya as ResearchGate enters its next phase of growth.”
