MassChallenge
Investments
1752Portfolio Exits
82Funds
1Partners & Customers
10About MassChallenge
MassChallenge is a startup accelerator and supports high-impact, early-stage entrepreneurs with no strings attached. Over $1 million in cash prizes is awarded annually to winning startups, with zero equity taken. Additional benefits for startups include world-class mentorship and training, free office space, access to funding, legal advice, media attention, and over $10 million of in-kind support. MassChallenge is a 501(c)3 nonprofit. All proceeds support the startups via the accelerator program. MassChallenge does not take equity or place any restrictions on participating startups.
MassChallenge Headquarter Location
21 Drydock Avenue 6th Floor
Boston, Massachusetts, 02210,
United States
Expert Collections containing MassChallenge
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find MassChallenge in 2 Expert Collections, including Food & Beverage .
Food & Beverage
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Conference Exhibitors
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MassChallenge Web Traffic
MassChallenge Rank
Latest MassChallenge News
Jun 10, 2022
Cait Brumme was recently officially named chief executive of the state's largest startup accelerator. The Business Journal's Lucia Maffei chatted with her about Boston's next hot tech areas and Brumme's hypothetical, ideal role in a startup.
MassChallenge Investments
1,752 Investments
MassChallenge has made 1,752 investments. Their latest investment was in Floreo as part of their Biz Plan Competition - II on August 8, 2021.
MassChallenge Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/25/2021 | Biz Plan Competition - II | Floreo | Yes | 1 | ||
7/20/2021 | Incubator/Accelerator | Endeavor Composites | Yes | 1 | ||
7/8/2021 | Incubator/Accelerator - II | Ronawk | Yes | 1 | ||
7/2/2021 | Incubator/Accelerator | |||||
7/2/2021 | Incubator/Accelerator |
Date | 8/25/2021 | 7/20/2021 | 7/8/2021 | 7/2/2021 | 7/2/2021 |
|---|---|---|---|---|---|
Round | Biz Plan Competition - II | Incubator/Accelerator | Incubator/Accelerator - II | Incubator/Accelerator | Incubator/Accelerator |
Company | Floreo | Endeavor Composites | Ronawk | ||
Amount | |||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
MassChallenge Portfolio Exits
82 Portfolio Exits
MassChallenge has 82 portfolio exits. Their latest portfolio exit was VocalID on June 16, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/16/2022 | Acquired | 1 | |||
6/6/2022 | Acquired | 1 | |||
5/25/2022 | Acquired | 2 | |||
Date | 6/16/2022 | 6/6/2022 | 5/25/2022 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 1 | 2 |
MassChallenge Acquisitions
1 Acquisition
MassChallenge acquired 1 company. Their latest acquisition was Start Tank on April 08, 2015.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
4/8/2015 | Acquired | 1 |
Date | 4/8/2015 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources | 1 |
MassChallenge Fund History
1 Fund History
MassChallenge has 1 fund, including Massachusetts Innovation Catalyst Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
6/16/2016 | Massachusetts Innovation Catalyst Fund | $25.8M | 1 |
Closing Date | 6/16/2016 |
|---|---|
Fund | Massachusetts Innovation Catalyst Fund |
Fund Type | |
Status | |
Amount | $25.8M |
Sources | 1 |
MassChallenge Partners & Customers
10 Partners and customers
MassChallenge has 10 strategic partners and customers. MassChallenge recently partnered with Enterra Solutions on March 3, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
3/30/2022 | Partner | United States | MassChallenge Switzerland Announces Partnership With Enterra Solutions RENENS , Switzerland -- -- MassChallenge Switzerland , part of MassChallenge 's global network of innovators , is happy to announce its partnership with Enterra Solutions , the leading cognitive computing company pioneering Autonomous Decision Science ™ , the next wave of analytical innovation beyond data science . | 2 | |
7/27/2021 | Vendor | United States | Winstead Renews Partnership with MassChallenge MassChallenge HOUSTON , July 27 , 2021 - Winstead PC , a leading national law firm , has renewed its partnership with MassChallenge , the global network for innovators , to help accelerate high-growth businesses and startups in Texas . | 1 | |
5/11/2021 | Partner | United States | Endeavour Announces Strategic Partnership with MassChallenge — ENDEAVOUR LOS ANGELES , May 11 2021 / PRNewswire / -- ENDEAVOUR , a leading Department of Defense of Accounts Receivable Funding for National Security and Space government contractors , has formed a strategic partnership with MassChallenge , the highly - regarded non-profit , zero-equity accelerator network dedicated to supporting innovation and entrepreneurship through collaboration and development . | 1 | |
4/7/2021 | Partner | ||||
4/6/2021 | Partner |
Date | 3/30/2022 | 7/27/2021 | 5/11/2021 | 4/7/2021 | 4/6/2021 |
|---|---|---|---|---|---|
Type | Partner | Vendor | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | MassChallenge Switzerland Announces Partnership With Enterra Solutions RENENS , Switzerland -- -- MassChallenge Switzerland , part of MassChallenge 's global network of innovators , is happy to announce its partnership with Enterra Solutions , the leading cognitive computing company pioneering Autonomous Decision Science ™ , the next wave of analytical innovation beyond data science . | Winstead Renews Partnership with MassChallenge MassChallenge HOUSTON , July 27 , 2021 - Winstead PC , a leading national law firm , has renewed its partnership with MassChallenge , the global network for innovators , to help accelerate high-growth businesses and startups in Texas . | Endeavour Announces Strategic Partnership with MassChallenge — ENDEAVOUR LOS ANGELES , May 11 2021 / PRNewswire / -- ENDEAVOUR , a leading Department of Defense of Accounts Receivable Funding for National Security and Space government contractors , has formed a strategic partnership with MassChallenge , the highly - regarded non-profit , zero-equity accelerator network dedicated to supporting innovation and entrepreneurship through collaboration and development . | ||
Sources | 2 | 1 | 1 |
MassChallenge Team
9 Team Members
MassChallenge has 9 team members, including current Founder, President, Chief Financial Officer, Akhil Nigam.
Name | Work History | Title | Status |
|---|---|---|---|
David Constantine | Castling Group, OmniSonics Medical Technologies, Medtronic, and Smith & Nephew | Founder | Current |
Akhil Nigam | Bain & Company, Societe Generale Group, and Lehman Brothers | Founder, President, Chief Financial Officer | Current |
Aline Oliveira Pezente | Founder | Current | |
Peter Stähli | Founder | Current | |
Caitlin Reimers Brumme | Harvard Business School | Chief Executive Officer | Current |
Name | David Constantine | Akhil Nigam | Aline Oliveira Pezente | Peter Stähli | Caitlin Reimers Brumme |
|---|---|---|---|---|---|
Work History | Castling Group, OmniSonics Medical Technologies, Medtronic, and Smith & Nephew | Bain & Company, Societe Generale Group, and Lehman Brothers | Harvard Business School | ||
Title | Founder | Founder, President, Chief Financial Officer | Founder | Founder | Chief Executive Officer |
Status | Current | Current | Current | Current | Current |
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