Cambridge Innovation Center, a Cambridge, Massachusetts-based builder and operator of innovation campuses, secured $58m in funding.
HB Reavis made the investment.
The company will use the proceeds to expand its network of science and technology innovation campuses throughout the world.
Founded in 1999 by CEO Tim Rowe, CIC builds and operates innovation campuses. CIC and its family of affiliated organizations, including LabCentral and MassRobotics, provide innovators with high-end science and technology shared infrastructure including offices, biotech laboratories and robotics development centers. Venture Cafe, the CIC’s global network of non-profit innovation ecosystem-building organizations, has hosted over a quarter of a million people in its programs across six cities on three continents. It is opening in several additional cities in 2018.
The campuses are densely concentrated facilities comprised of startups, corporate innovation spin-outs and venture capital funds. CIC currently operates innovation campuses across the U.S. in Cambridge, Boston, St. Louis and Miami, and internationally in Rotterdam, Netherlands, and is working to open facilities in Philadelphia, Providence, Dublin and Tokyo — with over one million square feet under lease.
As part of this financing, CIC also announced today that it will be opening a 145,000 square foot innovation campus in the heart of Warsaw, Poland in 2020. CIC is working with local organizations to build specialized hubs focusing on the energy, biotech, digital and new materials sectors. The CIC Campus will be located in its partner HB Reavis’ new complex, called “Varso Place,” that is currently under construction next to Warsaw Central Railway Station. When completed, Varso Place will be more than 1.4 million square feet and feature the tallest tower in the European Union.