MassChallenge

MassChallenge is a non-equity startup accelerator headquartered in Boston, Massachusetts, with additional locations in Israel, Mexico, Switzerland, Texas, and the UK. Founded in 2009, it focuses on fostering innovation and entrepreneurship by supporting high-potential startups across various industries globally. MassChallenge provides expert mentorship, a tailored curriculum, and access to corporate partners without taking any equity from the startups. Its programs, including specialized initiatives like MassChallenge FinTech and MassChallenge HealthTech, aim to facilitate partnerships between startups and established companies to drive innovation and growth. To date, MassChallenge has helped over 1,200 alumni raise more than $2 billion in funding and create over 65,000 jobs, demonstrating its significant impact on the global innovation ecosystem.

Cait Brumme

Acting CEO

Cait Brumme

Managing Partner

Siobhan Dullea

CEO

Matt Lashmar

Managing Director

Camila Lecaros

Managing Director

Yonit Serkin

Managing Director

Devon Sherman

Founding Director, Head of MassChallenge FinTech

Michelle Williams

Vice President and Head of Texas Strategy

Past deals in Virginia

Scout

Pre Seed Round in 2020
SCOUT was founded in 2019 following the loss of one of our own satellites to unknown causes. Our mission is to give spacecraft the ability to see and avoid potential threats. SCOUT's passive sensor hardware and control software enhances resolution of space objects by up to 1000 times, enabling on-board vision, detection, and avoidance. The company is a Techstars and venture-backed startup, and a 2020 MassChallenge Gold Winner. For more information, visit www.scout.space.

Scout

Grant in 2020
SCOUT was founded in 2019 following the loss of one of our own satellites to unknown causes. Our mission is to give spacecraft the ability to see and avoid potential threats. SCOUT's passive sensor hardware and control software enhances resolution of space objects by up to 1000 times, enabling on-board vision, detection, and avoidance. The company is a Techstars and venture-backed startup, and a 2020 MassChallenge Gold Winner. For more information, visit www.scout.space.

Bon AppéSweet

Non Equity Assistance in 2020
Bon AppéSweet, founded in 2019 and based in Arlington, Virginia, specializes in creating all-natural, plant-based desserts. The company produces oat milk gelato sweetened exclusively with fruit-based sweeteners, containing no cane sugar. In addition to gelato, Bon AppéSweet offers a range of organic chocolates that are sugar-free, vegan, and non-alcoholic. These chocolates utilize ingredients such as organic cocoa and dates, catering to consumers seeking healthier, dairy-free dessert options. Through its innovative product offerings, Bon AppéSweet aims to provide delicious alternatives for health-conscious individuals.

Fenris

Non Equity Assistance in 2019
Fenris Digital develops a cloud-based platform tailored for property and casualty insurers, focusing on enhancing customer acquisition and optimizing workflows throughout the insurance lifecycle. Founded in 2016 and headquartered in Glen Allen, Virginia, the company offers a suite of digital solutions, including an AI-based analytics engine and scoring that improve underwriting efficiency. Its TouchQuote platform serves as a white-labeled, mobile-first quoting solution, allowing clients to create personalized customer experiences. Fenris provides APIs that enable agencies, carriers, and financial services to integrate valuable insights and data into their operations, enhancing conversion rates and customer engagement. The platform covers a vast demographic, offering quality data enrichment for over 240 million consumers and 30 million businesses, and employs machine learning to refine predictive scores continuously. This approach not only streamlines the underwriting process but also maximizes marketing effectiveness by significantly improving completion and conversion rates.

Fenris

Non Equity Assistance in 2019
Fenris Digital develops a cloud-based platform tailored for property and casualty insurers, focusing on enhancing customer acquisition and optimizing workflows throughout the insurance lifecycle. Founded in 2016 and headquartered in Glen Allen, Virginia, the company offers a suite of digital solutions, including an AI-based analytics engine and scoring that improve underwriting efficiency. Its TouchQuote platform serves as a white-labeled, mobile-first quoting solution, allowing clients to create personalized customer experiences. Fenris provides APIs that enable agencies, carriers, and financial services to integrate valuable insights and data into their operations, enhancing conversion rates and customer engagement. The platform covers a vast demographic, offering quality data enrichment for over 240 million consumers and 30 million businesses, and employs machine learning to refine predictive scores continuously. This approach not only streamlines the underwriting process but also maximizes marketing effectiveness by significantly improving completion and conversion rates.

TRAXyL

Grant in 2019
TRAXyL, Inc. specializes in the installation of optical fiber through its innovative product, FiberTRAX, which allows municipalities and internet service providers to distribute optical fiber directly on road surfaces without the need for traditional trenching. Founded in 2014 and based in Warrenton, Virginia, the company addresses the last mile connectivity challenge by providing a patented method that enhances the deployment of fiber optics. This approach not only accelerates the rollout of high-speed internet, particularly in underserved areas, but also facilitates improved connectivity for essential locations such as campuses, hospitals, and military bases, thereby contributing to efforts to close the digital divide and support the expansion of 5G networks.

Pocket Innovations

Non Equity Assistance in 2019
Pocket Innovations is a developer of a medical device designed to address the issue of pocket hematoma, a common complication arising from pacemaker, defibrillator, and deep brain stimulation implant procedures. The company's innovative device serves as the first preventative solution to this problem, aiming to reduce the incidence of pocket hematomas that can complicate post-operative recovery. By offering a method to prevent these costly and often problematic hematomas, Pocket Innovations provides medical practitioners with a valuable tool to enhance patient outcomes following implant surgeries.

Nanochon

Non Equity Assistance in 2019
Developer of medical devices and other technology intended to treat joint injuries and diseases. The company's devices replace lost and damaged cartilage and encourage new tissue growth, enabling medical practitioners to access cost-effective and on-demand devices that improve outcomes in young and active patients with knee damage.

Single Baked Sweets

Non Equity Assistance in 2019
Provider of bake-at-home dessert kits intended for making a delicious homemade treat. The company's kit includes pre-measured dry ingredients, bakeware, and simple instructions, enabling customers to easily prepare baked sweet dishes.

PYT Funds, Inc.

Non Equity Assistance in 2018
PYT Funds, Inc., a financial services company, provides an online platform to connect families with banks to provide loans for students. Its platform allows students to combine crowdfunding and student loans to pay for college. The company was founded in 2014 and is based in Washington, District of Columbia with additional offices in Wilmington, Delaware; Rockville, Maryland; and Richmond, Virginia.

NerveSolutions

Grant in 2017
NerveSolutions is a biomedical technology company focused on developing innovative implantable nerve interface devices. The company has created a surgical device aimed at preventing the formation of neuromas, which can occur after amputation or nerve injury. By utilizing a bioengineered design, the device can be placed at the ends of nerves that have been severed, effectively reducing the risk of painful neuroma development. This technology enables surgeons to deliver optimal treatment for patients suffering from peripheral nerve injuries, ultimately aiding in the restoration of function and improving patient outcomes.

EYL

Grant in 2016
EYL Inc. specializes in hardware cybersecurity solutions designed to protect connected devices and secure sensitive data. The company offers a range of products, including quantum entropy chips, quantum random number generators, quantum crypto chips, and quantum hardware security modules, as well as TriGen USB flash drives. These solutions are particularly applicable in various sectors, including the Internet of Things (IoT), cloud computing, cryptocurrency, and telecommunications. EYL is recognized for providing some of the smallest, most cost-effective, and energy-efficient quantum random number generators on the market. Incorporated in 2015 and headquartered in Arlington, Virginia, EYL also has operational locations in Yongin-si and Seoul, South Korea. The company focuses on enhancing the cybersecurity of computer systems through innovative micro quantum technology, ensuring secure transfer and storage of encrypted information for its clients.

Tympanogen

Grant in 2016
Tympanogen, Inc. is a medical device company based in Richmond, Virginia, founded in 2014. It specializes in developing innovative solutions for ear, nose, and throat care, focusing on enhancing treatment outcomes and reducing healthcare costs. The company's flagship product, Perf-Fix, is a gel patch designed for nonsurgical repair of eardrum perforations, offering an alternative to traditional tympanoplasty procedures. By utilizing advanced materials and technology, Tympanogen aims to streamline the treatment process for otolaryngologists and their patients, simplifying surgical methods and improving overall healthcare efficiency.

Archer Roose

Grant in 2016
Archer Roose is a producer of canned wine and beverages focused on providing affordable and sustainable options for modern consumers. The company emphasizes transparency in its winemaking process and uses eco-friendly packaging, such as cans and kegs, to cater to a lifestyle that values convenience without compromising quality. By reimagining traditional supply chains, Archer Roose aims to deliver a delightful wine experience that is accessible for various dining occasions, making it easier for customers to enjoy well-crafted wines.

Empowerment Solar

Grant in 2016
Empowerment Solar fosters energy independence and economic prosperity across the Middle East by supplying affordable and easy access to reliable and clean solar electricity. They design and install distributed solar electricity systems for Palestinian businesses in the West Bank, eventually expanding across the region. They save Palestinian firms (who pay 70% more than Americans for electricity) 1,000s of dollars annually and eliminate electricity-shortage constraints plaguing West Bank companies.

Precise Portions

Grant in 2016
Precise Portions dishware has all the hard work designed right in, so all you have to do is follow the lines on each plate, bowl and glass. Portion control dishes can also be stylish. Their attractive vine and leaf design helps you to portion the right amounts without alerting anyone else that you are doing so. So you can use Precise Portions dishware for any occasion. Their ultimate goal is to help people eat healthier meals and live healthier lives. By helping people with weight loss and eating right, they’re on their way to achieving that.

Force SV

Grant in 2016
Force SV is develops safe, effective, and environmental methods to further advance the fire protection industry. Primarily by the use of sound as an alternative to foam and chemical fire extinguishers. Traditional Fire Extinguishers have been the standard in extinguishing small fires for decades now, however, they not only leave a mess but are also linked to health problems. This technology causes less damage to equipment, has no expiration date, and requires no refilling equipment.

Vinylmint

Seed Round in 2016
Vinylmint, LLC is an online marketplace based in Norfolk, Virginia, specializing in custom audio solutions for various industries. Founded in 2011, the platform connects digital sound creators with clients—ranging from brands to film studios—allowing them to submit specific audio requests through an online sound brief. Users can launch contests to receive submissions and select winning audio pieces for download. The marketplace features a diverse range of professionals, including voice actors, sound designers, music composers, and translators, who are prepared to meet the unique audio needs of sound libraries, software applications, and virtual environments.

Iron Goat

Grant in 2015
Iron Goat, based in Fairfax, Virginia, specializes in the automated production of pelleted and cubed products derived from hay and other grassy crops. The company employs mobile robots that operate without fuel to facilitate the manufacturing process, resulting in reduced costs for livestock feed and grass pellet fuel compared to traditional haying methods. By utilizing innovative in-field techniques, Iron Goat aims to provide farmers with more affordable and efficient feed solutions.

Encore Alert

Seed Round in 2015
Encore Alert is a social media analytics platform designed to assist marketers by providing timely alerts and actionable recommendations based on social data opportunities. The tool enables digital marketers to respond effectively to relevant social media activities, enhancing their engagement strategies. It is utilized daily by mid-market brands, including NASA, WeddingWire, Georgetown University, and the Consumer Electronics Association. Encore Alert focuses on helping enterprise brands and advertisers collect, curate, and amplify customer-generated marketing content. The company is currently in the process of raising a seed round of funding from notable investors in the tech and marketing sectors.

Encore Alert

Non Equity Assistance in 2015
Encore Alert is a social media analytics platform designed to assist marketers by providing timely alerts and actionable recommendations based on social data opportunities. The tool enables digital marketers to respond effectively to relevant social media activities, enhancing their engagement strategies. It is utilized daily by mid-market brands, including NASA, WeddingWire, Georgetown University, and the Consumer Electronics Association. Encore Alert focuses on helping enterprise brands and advertisers collect, curate, and amplify customer-generated marketing content. The company is currently in the process of raising a seed round of funding from notable investors in the tech and marketing sectors.

Keraderm

Grant in 2013
Keraderm Corp. is dedicated to harnessing the healing power of light to treat a wide variety of skin and nail infections and disorders. There proprietary phototherapy treatment has shown potential efficacy in pilot clinical trials and is the only germicidal light nail treatment that has been awarded patents.

Veenome

Seed Round in 2012
Veenome Inc. is a video intelligence company that specializes in converting video impressions into actionable data to assist ad networks and publishers. Founded in 2011 and based in Fairfax, Virginia, Veenome offers a range of services including Veenome Categorization, which classifies videos; Veenome brand safety, which identifies offensive or copyrighted content; Veenome Viewability, which assesses the visibility and player attributes of videos; and Veenome Blacklist, a subscription service that outlines publishers with significant brand safety and viewability issues. By utilizing a client-facing dashboard, Veenome enables users to access valuable insights, such as the percentage of videos displayed above the fold and instances of objectionable content. The company employs automated video recognition technology to analyze and index video clips for relevant data, ultimately helping clients enhance their ad targeting, reduce fraud, and address brand safety concerns. Veenome operates as a subsidiary of Integral Ad Science.

Veenome

Seed Round in 2012
Veenome Inc. is a video intelligence company that specializes in converting video impressions into actionable data to assist ad networks and publishers. Founded in 2011 and based in Fairfax, Virginia, Veenome offers a range of services including Veenome Categorization, which classifies videos; Veenome brand safety, which identifies offensive or copyrighted content; Veenome Viewability, which assesses the visibility and player attributes of videos; and Veenome Blacklist, a subscription service that outlines publishers with significant brand safety and viewability issues. By utilizing a client-facing dashboard, Veenome enables users to access valuable insights, such as the percentage of videos displayed above the fold and instances of objectionable content. The company employs automated video recognition technology to analyze and index video clips for relevant data, ultimately helping clients enhance their ad targeting, reduce fraud, and address brand safety concerns. Veenome operates as a subsidiary of Integral Ad Science.
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