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Venture Capital
mass-ventures.com

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Investments

214

Portfolio Exits

34

Funds

6

Partners & Customers

2

About MassVentures

MassVentures, formerly The Massachusetts Technology Development Corporation (MTDC), is a venture capital firm focused on fueling the Massachusetts innovation economy by funding early-stage, high-growth Massachusetts startups as they move from concept to commercialization. MassVentures focuses on Series A investments and considers occasional and opportunistic seed rounds. We provide capital for first-time CEOs and/or founders and consider industry segments not adequately served by the venture community.

MassVentures Headquarter Location

308 Congress Street 5th Floor

Boston, Massachusetts, 02210,

United States

617-723-4920

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Expert Collections containing MassVentures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find MassVentures in 1 Expert Collection, including Synthetic Biology.

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Synthetic Biology

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Latest MassVentures News

PathMaker Neurosystems Receives $100K START Award from MassVentures

Jun 13, 2022

PathMaker Neurosystems Inc (PathMaker) , a near-commercial stage neuromodulation company developing breakthrough non-invasive systems for the treatment of serious neurological disorders, was selected as a recipient of a START award from MassVentures, which funds deep tech startups based in Massachusetts as they advance technology developed under NIH SBIR/STTR funding. This Stage I START funding was awarded on the basis of PathMaker’s $4.9M grant from the NINDS Cooperative Research to Enable and Advance Translational Enterprises for Devices (CREATE Devices) program to develop MyoRegulator, a first-in-class, non-invasive neuromodulation device for treating muscle spasticity. “We are very pleased to have the support from MassVentures for our efforts to commercialize the MyoRegulator product,” said Nader Yaghoubi, MD, PhD, President and Chief Executive Officer of PathMaker. “With our EU pivotal trial successfully completed and our US multi-center pivotal trial underway, we are excited about the next phase of our company’s growth.” MassVentures is a venture capital firm that helps transfer research and early-stage innovations into technology businesses and jobs in Massachusetts. The  MassVentures START program  helps deep tech startups convert their Small Business Innovation and Small Business Technology Transfer research (SBIR/STTR) into businesses and jobs in Massachusetts. The $100,000 MassVentures START award will enable additional transfer-to-manufacturing work on MyoRegulator as PathMaker approaches commercial launch of its first product. [Source(s): PathMaker Neurosystems Inc, GlobeNewswire] Share:

MassVentures Investments

214 Investments

MassVentures has made 214 investments. Their latest investment was in PathMaker Neurosystems as part of their Grant - III on June 6, 2022.

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MassVentures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/13/2022

Grant - III

PathMaker Neurosystems

$0.1M

Yes

1

3/24/2022

Seed VC

Aclarity

$3.3M

Yes

2

3/9/2022

Seed VC - II

Paerpay

$3M

No

7

12/9/2021

Seed VC

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$99M

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10

9/28/2021

Series A

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$99M

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10

Date

6/13/2022

3/24/2022

3/9/2022

12/9/2021

9/28/2021

Round

Grant - III

Seed VC

Seed VC - II

Seed VC

Series A

Company

PathMaker Neurosystems

Aclarity

Paerpay

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Amount

$0.1M

$3.3M

$3M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

2

7

10

10

MassVentures Portfolio Exits

34 Portfolio Exits

MassVentures has 34 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

9/17/2021

Reverse Merger

$99M

10

5/10/2021

Acquired

$99M

5

2/4/2021

Acquired

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10

2/20/2020

Acquired

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10

Date

6/16/2022

9/17/2021

5/10/2021

2/4/2021

2/20/2020

Exit

Acquired

Reverse Merger

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

5

10

10

MassVentures Fund History

6 Fund Histories

MassVentures has 6 funds, including Commonwealth Fund Investment Program II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/30/2000

Commonwealth Fund Investment Program II

Early-Stage Venture Capital

Closed

$15M

1

6/30/1996

Commonwealth Fund Investment Program I

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$99M

10

6/1/1995

Mass Ventures Equity Fund

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$99M

10

4/1/1986

MTDC/PRIT

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$99M

10

10/12/1978

MTDC Traditional Fund

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$99M

10

Closing Date

8/30/2000

6/30/1996

6/1/1995

4/1/1986

10/12/1978

Fund

Commonwealth Fund Investment Program II

Commonwealth Fund Investment Program I

Mass Ventures Equity Fund

MTDC/PRIT

MTDC Traditional Fund

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$15M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

MassVentures Partners & Customers

2 Partners and customers

MassVentures has 2 strategic partners and customers. MassVentures recently partnered with Massachusetts Clean Energy Center on June 6, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

6/27/2018

Partner

United States

Baker-Polito Administration Announces $3.3 Million to Start-ups to Spur Technology Development in Massachusetts

MassVentures , in partnership with the Massachusetts Clean Energy Center , awards grants to cutting-edge Massachusetts companies

1

10/25/2012

Partner

United States

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10

Date

6/27/2018

10/25/2012

Type

Partner

Partner

Business Partner

Country

United States

United States

News Snippet

Baker-Polito Administration Announces $3.3 Million to Start-ups to Spur Technology Development in Massachusetts

MassVentures , in partnership with the Massachusetts Clean Energy Center , awards grants to cutting-edge Massachusetts companies

Subscribe to see more

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Sources

1

10

MassVentures Team

10 Team Members

MassVentures has 10 team members, including current President, Jerry Bird.

Name

Work History

Title

Status

Jerry Bird

President

Current

Watler M Bird

President

Current

Joseph H Steig

iUNU, Venture Well, LRVHealth, River Valley Investors, HotRoof, and Mass Ventures Corporation

President

Current

George J Aggouras

Venture Capital Fund of New England, and Claflin

Controller

Current

Jerome Schaufeld

Chief Executive Officer

Former

Name

Jerry Bird

Watler M Bird

Joseph H Steig

George J Aggouras

Jerome Schaufeld

Work History

iUNU, Venture Well, LRVHealth, River Valley Investors, HotRoof, and Mass Ventures Corporation

Venture Capital Fund of New England, and Claflin

Title

President

President

President

Controller

Chief Executive Officer

Status

Current

Current

Current

Current

Former

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