SBXi

SBXi is an early-stage investor that states it invests exclusively in founders who graduated from MIT, and that its fund is open to graduates of any MIT degree program. It states its mission is to empower MIT alumni founders with resources and capital to create large, impactful companies across any sector, and it does not publish a sector focus. It states it writes $10K-$100K checks on SAFEs and $100K-$1M checks when there is a qualifying term-sheet it can match, matching the same terms as the lead investor in a priced round. It states it is jointly backed by eight firms - Accel, Polaris Partners, GETTYLAB, General Catalyst, Pillar, Danaher, Underscore VC and Glasswing Ventures - which it calls the eight sponsoring funds, and that pitches are shared only with those sponsoring funds and their voting partners. Its stated process is one application and one recorded pitch followed by a decision, with SAFE notes evaluated in as little as 7 days and priced rounds taking on average a couple of weeks, and it states that every eligible company that applies receives a decision.

AUM 66/100 Power Score™ - Founded
Pre-Seed Sector-Agnostic
View Live Interactive Profile → Visit SBXi's Website ↗

Signature Exit

Farmwise Labs (labelled "Acquired" on SBXi's own homepage portfolio; SBXi does not state an acquirer or a date)

Key Partners & Leadership

Firm Timeline

2023
Robert Harrington joins SBXi as Director of Operations, per the firm's About page.
2023
SBXi publishes the first issue of its newsletter, the SBXi Newsletter, on 11 August 2023.
2023
SBXi's 1 November 2023 newsletter update lists 77 pre-seed and seed investments made by SBXi, alongside term-sheet matches in Channing St. Copper Company and GATACA.