# Katie Rae

> Katie Rae is a seed investor at Project 11 Ventures (Boston) backing Biotechnology and Energy. See 19 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Project 11 Ventures](https://shizune.co/investors/profile/project-11-ventures)
- Location: Boston, United States
- Total investments: 19
- Last investment: Jun 2026
- Lead investor: 32%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/in/katierae
- X (Twitter): http://twitter.com/ktrae
- Website: http://www.engine.xyz

Katie Rae is a seed investor at Project 11 Ventures in Boston focused on Biotechnology and Energy. Katie serves as the CEO and Managing General Partner of The Engine. She is also co-founder and Managing Director of Project 11 Ventures. She serves as a Board Member at Commonwealth Fusion Systems, Form Energy, Via Separations, Boston Metal, and Cellino. Katie brings over 20 years of experience as an investor and tech executive helping build Bostoninto a thriving tech hub. She has advised hundreds of founders and invested in nearly 100 companies at the earliest stages of formation. Key investments include Pillpack (acquired by Amazon for $1 billion in 2018), Bevi, GrabCad, Synack, Zagster, NBD Nano, Neurala, and Amino.Katie has experience in managing startup accelerators and business-innovation programs — several of which she co-founded including Techstars Boston and Startup Institute. In addition to her extensive investing career, she has over 20 years of experience in product development, management & operations including holding management positions at Microsoft, Eons, AltaVista, RagingBull, Zip2, and Mirror Worlds. She holds an MBA from Yale University and a BA in Biology from Oberlin College.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Biotechnology | 3 | 16% |
| Energy | 2 | 11% |
| Software | 2 | 11% |
| CleanTech | 2 | 11% |
| Manufacturing | 2 | 11% |

37 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 7 | 37% |
| Series A | 5 | 26% |
| Pre-Seed | 1 | 5% |
| Series B | 1 | 5% |
| Series C | 1 | 5% |

6 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Hyperlight | HyperLight provides thin-film lithium niobate photonic integrated circuit solutions. They deliver groundbreaking electro-optic and nonlinear optical solutions with scalable manufacturing processes. They work closely with their customers from conceptualization, design, prototyping, and transfer to volume production. | $80M | Series C | Jun 18, 2026 |  |
| VEIR | VEIR is a company developing a new approach to using high-temperature superconductors for electricity transmission. Its passive evaporative cryogenic cooling delivers 20 times the cooling power per kilogram of nitrogen flow compared to mechanical subcooling. | $75M | Series B | Jan 28, 2025 |  |
| Terragia Biofuel | Terragia Biofuel provides the technology to drive the next generation of biofuels. | $6M | Seed | Mar 28, 2024 |  |
| EvolOH | Low-cost electrolyzer hardware. | $20M | Series A | Mar 26, 2024 |  |
| Hyfé | Hyfé Foods is a biotech company producing ingredients by leveraging fungal fermentation to upcycle water byproducts from food manufacturers. | $9M | Seed | Jun 22, 2023 |  |
| VEIR | VEIR is a company developing a new approach to using high-temperature superconductors for electricity transmission. Its passive evaporative cryogenic cooling delivers 20 times the cooling power per kilogram of nitrogen flow compared to mechanical subcooling. | $24.9M | Series A | May 25, 2023 |  |
| Form Energy | Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration. It aims to make batteries that can dispatch energy for days, expanding the ability to supply electricity generated from wind and solar power to the grid.The company's technology transforms the electric grid by makingrenewable energy dispatchable year-round, as well as extending transmission capacity without building new wires, and replacing the need for conventional thermal generation. Its core technology was invented at MIT and is supported by investors which include Breakthrough Energy Ventures, MIT’s The Engine, Macquarie Capital, Eni Next, Capricorn Investment Group, and Prelude Ventures. Their team members are active learners who like working on tough technology problems that can only be solved with a combination of scientific innovation and hard work.Co-founders Marco Ferrara, Mateo Jaramillo, Yet-Ming Chiang, William Woodford, and Ted Wiley headquartered the company in Somerville, Massachusetts in 2017. | $450M | Series E | Oct 04, 2022 |  |
| Hyfé | Hyfé Foods is a biotech company producing ingredients by leveraging fungal fermentation to upcycle water byproducts from food manufacturers. | $2M | Pre-Seed | May 23, 2022 |  |
| Hyfé | Hyfé Foods is a biotech company producing ingredients by leveraging fungal fermentation to upcycle water byproducts from food manufacturers. | $2M | Pre-Seed | May 23, 2022 |  |
| VEIR | VEIR is a company developing a new approach to using high-temperature superconductors for electricity transmission. Its passive evaporative cryogenic cooling delivers 20 times the cooling power per kilogram of nitrogen flow compared to mechanical subcooling. | $11M | Series A | Mar 04, 2021 |  |

10 of 19 investments shown.

## Co-investors
- [The Engine](https://shizune.co/investors/profile/the-engine-b5c2) — VC Fund, 13 deals together
- [Breakthrough Energy Ventures](https://shizune.co/investors/profile/breakthrough-energy-ventures) — VC Fund, 7 deals together
- [Congruent Ventures](https://shizune.co/investors/profile/congruent-ventures) — VC Fund, 3 deals together
- [Fine Structure Venture](https://shizune.co/investors/profile/fine-structure-venture) — VC Fund, 3 deals together
- [Supply Change Capital](https://shizune.co/investors/profile/supply-change-capital) — VC Fund, 3 deals together
- [Blue Horizon Corporation](https://shizune.co/investors/profile/blue-horizon-corporation) — VC Fund, 2 deals together

## About Project 11 Ventures

VC Fund · Boston, United States

Project 11 seeks to lead a startup’s first “outside capital” round, ranging in sizes of less than $500k up to $1.5M. Post investment, the P11 partners actively collaborate with founders to accelerate growth in company value. Criteria for investment include founder domain knowledge, a demonstrated ability to lead and execute, robust team dynamicsalong with, of course, a business opportunity that allows rapid growth and scale.

4 contacts available at Project 11 Ventures.

| Name | Title | Profile |
| --- | --- | --- |
| Bob Mason | Managing Director | https://shizune.co/investors/profile/bob-mason |
| Katie Rae | Managing Director | https://shizune.co/investors/profile/katie-rae |
| Michael Dornbrook | Advisory Committee Member | https://shizune.co/investors/profile/michael-dornbrook |
| Reed Sturtevant | Managing Director | https://shizune.co/investors/profile/reed-sturtevant |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Katie Rae invest in?

Katie Rae invests primarily in Biotechnology, Energy and Software startups, most often at Seed and Series A stage. Most of the 19 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Katie Rae last invest?

The most recent investment recorded for Katie Rae closed in Jun 2026. Shizune tracks 19 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co