ResearchGATE, a scientific network for scientists and researchers, has announced the completion of its Series B financing.
The round is being led by Founders Fund partner Luke Nosek, co-founder of PayPal, with participation from Benchmark Capital, Accel Partners, Michael Birch (co-founder, Bebo), and David O. Sacks (founder/CEO, Yammer, Inc. and founder/chairman, Geni, Inc.). With Fund IV, Founders Fund's largest fund to date, the firm is seeking to make investments with an emphasis on transformational technologies and companies, particularly in the fields of medicine and biotechnology.
In September 2010 ResearchGate closed its Series A funding led by Benchmark Capital. The initial investment allowed ResearchGate to expand the core team in the company's Berlin headquarters.
With over 1.4 million members from 193 countries, ResearchGate is a 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 Boston- and Berlin-based startup was co-founded by Dr. Ijad Madisch (Harvard Medical School, Medical School of Hannover), Sören Hofmayer, (Medical School of Hannover), and Horst Fickenscher, Dipl-Inf. (University of Passau) in 2008.
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