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 Utilities

Util

Non Equity Assistance in 2022
Util is a developer of sustainability intelligence technology that provides investors with an objective, evidence-based view of a company's impact. By leveraging big data and machine learning, Util aggregates and analyzes quantified company data across various stakeholders, including employees, customers, and the environment. This data is transformed into a dollar-based annual value generated metric, allowing responsible investors to evaluate both financial and non-financial returns on investment. The company goes beyond traditional ESG metrics to present a comprehensive assessment of companies as complex value generators. Util's methodology covers all listed securities and is designed for investment managers seeking unique analysis that parallels conventional financial reporting. Currently, Util is collaborating with two investment manager partners that collectively manage $130 billion in assets to refine its products and methodologies, aiming to enhance the integration of sustainability in investment decision-making.

BillBuds

Non Equity Assistance in 2021
Billbuds is a utility management company that simplifies the process of setting up and managing essential services for renters. Through its platform, users can manage all their utilities—such as electricity, gas, internet, cable, and water—from a single dashboard. Billbuds offers a feature that estimates utility costs before moving in and provides a consolidated invoice at the end of each billing cycle, which can be easily split among roommates. The platform allows for flexible payment options, enabling users to choose between a fixed monthly payment or a pay-as-you-use model. Additionally, it tracks and benchmarks utility consumption, helping renters stay informed about their usage and expenses.

Zootility Co

Grant in 2014
Zootility makes useful and innovative products to help you conquer the everyday. From multi-tools and pocketknives, to fingernail friendly key rings, housewares and bottle openers. We've got you covered. Made in the USA.
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