ResearchGate, the professional network for scientists, today officially announced a new investment ($35 million) from Bill Gates and Tenaya Capital with participation from Dragoneer Investment Group, Thrive Capital, and the company’s existing investors.
Backed by this growth investment, ResearchGate, which is headquartered in Berlin, aims to continue to lead the research community into an open science era by removing archaic silos of science to intelligently connect scientists, data, and resources. 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, which was founded in 2008, is also aiming to improve the way scientific reputation is measured.
Ijad Madisch, co-founder and CEO of ResearchGate, stated: “With Bill Gates and Tenaya Capital, we’re excited to add to our group of investors whose goals are perfectly in line with ours, and who understand the relevance of what we are doing – not only for science, but for society.”
Ben Boyer, Managing Director of Tenaya Capital said: “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.”