Breakout Ventures

Part of the Thiel Foundation From Wikipedia, the free encyclopedia

Breakout Ventures

Breakout Ventures, formerly Breakout Labs,[1] is a venture capital firm affiliated with the Thiel Foundation (a philanthropic organization created by Peter Thiel).[2]

Quick Facts Formerly, Founded ...
Breakout Ventures
FormerlyBreakout Labs
Founded2012
FounderPeter Thiel
Headquarters38 Mesa St.,
ParentThiel Foundation
Websitebreakout.vc
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Breakout Labs issued convertible grants[3] for early-stage commercialization of scientific research that was considered too speculative or long-term to interest the for-profit sector (such as angel investors and venture capitalists) but may have been unsuitable for traditional sources of funding for scientific research due to its radical or offbeat nature.[4] Grants were made through a competitive application and selection process.[5]

Recipients

Breakout Labs announced its first batch of grantees on April 17, 2012,[6] its second batch of grantees on August 15, 2012,[7] and its third batch of grantees in April 2013.[8] In total, Breakout Labs made 50 investments before winding down the program in 2021:[9]

Media coverage

The announcement of Breakout Labs (October 2011), as well as the announcements of its first batch of grantees (April 2012), received considerable media attention.[10] The first and second batches of grantees were covered by TechCrunch.[11][12] Breakout Labs was also covered in Nature[13] and Scientific American.[14]

References

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