HomeGermany-StartupsScience network ResearchGate lands funding from Founders Fund

Science network ResearchGate lands funding from Founders Fund

ResearchGate, a leading professional network for scientists and researchers, yesterday announced the completion of its Series B financing round.

The Berlin-based startup was founded in 2008. With over 1.4 million members from 193 countries, ResearchGate is now the largest professional network for scientists and researchers. The network facilitates scientific collaboration on a global scale by allowing members to connect with colleagues, discover new research and exchange ideas online.

The first time we mentioned ResearchGate was in January 2011, when the young company, which has often been described as Facebook for scientists, decided to move its headquarters from Boston to Berlin.

The fresh financing round is led by Founders Fund partner and co-founder of PayPal, Luke Nosek, with participation from Benchmark Capital, Accel Partners and others. Luke Nosek will from now on serve as a board member for ResearchGate.

Ijad Madisch, co-founder and CEO of ResearchGate, stated: “With this round of financing, our main priority will be to pursue new innovations. We want to change the way scientific reputation is measured, calculated and built over time by providing our users with qualitative feedback, while enabling them to share their findings efficiently.”

Luke Nosek, co-founder and partner at Founders Fund, said: “We have a genuine appreciation for the considerable success that the team at ResearchGate has demonstrated since the company was founded. We truly believe that the network has the potential to disrupt a much-outdated system, while leading the way in changing scientific discovery and the way research is disseminated.”

In September 2010, ResearchGate closed its Series A funding led by Benchmark Capital. The initial investment allowed ResearchGate to expand the core team in their Berlin headquarters.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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