MassVentures

MassVentures is a venture capital firm based in Waltham, Massachusetts, established in 1978 as a quasi-public corporation by the Massachusetts Legislature. The firm focuses on providing seed and early-stage funding to high-growth startups, facilitating their transition from concept to commercialization. MassVentures invests primarily in sectors such as information technology, healthcare, cybersecurity, e-commerce, mobile, manufacturing, and robotics. With a governance structure that includes an independent Board of Directors and management by experienced venture capitalists, MassVentures leverages the state's entrepreneurial spirit and innovation centers to support the Massachusetts innovation economy. The firm also offers accelerator programs to further assist emerging companies in their growth journey.

Charles Hipwood

Founder, President and CEO

Charlie Hipwood

President and CEO

Vinit Nijhawan

Managing Director

Nicholas A. Pappas

Vice President

Stacy Swider

Vice President, Investments

Priya Yadav

Vice President of Investments

Past deals in Mechanical Engineering

Emvolon

Grant in 2024
Emvolon is a technology company focused on creating a platform for distributed chemical production that utilizes wasted resources. The company's innovative approach involves converting wasted natural gas from flare sites into usable chemicals, which can serve a variety of industrial applications or be transformed into carbon-negative fuels. Emvolon reimagines traditional diesel engines as miniature chemical reactors, allowing for efficient and effective production without the need for large refineries or chemical plants. This process facilitates the establishment of economically viable small-scale production facilities by leveraging the advantages of mass production alongside economies of scale, ultimately providing communities with the essential raw materials they require.

Emvolon

Seed Round in 2023
Emvolon is a technology company focused on creating a platform for distributed chemical production that utilizes wasted resources. The company's innovative approach involves converting wasted natural gas from flare sites into usable chemicals, which can serve a variety of industrial applications or be transformed into carbon-negative fuels. Emvolon reimagines traditional diesel engines as miniature chemical reactors, allowing for efficient and effective production without the need for large refineries or chemical plants. This process facilitates the establishment of economically viable small-scale production facilities by leveraging the advantages of mass production alongside economies of scale, ultimately providing communities with the essential raw materials they require.

Jetcool

Series A in 2022
Jetcool Technologies Inc., established in 2019 and headquartered in Littleton, Massachusetts, specializes in the research and development of advanced chip cooling solutions. The company offers a range of cooling products, from bare die to system level, and provides customized solutions. Jetcool's innovative microjet cooling modules, developed at MIT Lincoln Laboratory, are designed to efficiently cool high-power electronics in industries such as defense and aerospace, advanced semiconductors, data centers, and electric vehicle power systems. The company's technology, published in several academic papers, uses small jets of fluid to cool components at the chip or device scale, enabling manufacturers to create more durable, energy-efficient products.

University of Massachusetts, Dartmouth

Grant in 2022
The University of Massachusetts (UMass) Dartmouth is known for its rigorous academic programs, especially in the areas of engineering, law, marine science, and Portuguese studies.

M2 Thermal Solutions

Grant in 2021
M2 Thermal Solutions is a company focused on developing innovative air conditioning technology that addresses significant engineering challenges related to energy efficiency. Their groundbreaking thermodynamic mechanism enables independent control of both dry-bulb temperature and humidity within residential spaces. By utilizing a two-stage process to sensibly cool and dehumidify air without relying on traditional vapor-compression systems, M2 Thermal Solutions' devices can adapt to varying indoor and outdoor temperature and humidity conditions. This approach not only enhances user comfort but also contributes to reduced energy consumption and mitigates the impact of climate change.

Boston Engineering

Grant in 2021
Boston Engineering delivers innovative and timely solutions by utilizing its Total System Responsibility™ (TSR) philosophy to meet demanding market needs. Through interdisciplinary teams, best practice strategies and seamless integration with client processes, Boston Engineering offers a complete solution that is both flexible and focused.

Jetcool

Venture Round in 2021
Jetcool Technologies Inc., established in 2019 and headquartered in Littleton, Massachusetts, specializes in the research and development of advanced chip cooling solutions. The company offers a range of cooling products, from bare die to system level, and provides customized solutions. Jetcool's innovative microjet cooling modules, developed at MIT Lincoln Laboratory, are designed to efficiently cool high-power electronics in industries such as defense and aerospace, advanced semiconductors, data centers, and electric vehicle power systems. The company's technology, published in several academic papers, uses small jets of fluid to cool components at the chip or device scale, enabling manufacturers to create more durable, energy-efficient products.

Boston Engineering

Grant in 2020
Boston Engineering delivers innovative and timely solutions by utilizing its Total System Responsibility™ (TSR) philosophy to meet demanding market needs. Through interdisciplinary teams, best practice strategies and seamless integration with client processes, Boston Engineering offers a complete solution that is both flexible and focused.

MSW Power

Grant in 2020
MSW Power Corporation specializes in manufacturing innovative waste management solutions. Founded in 2012 and headquartered in Acton, Massachusetts, the company offers a range of products designed to convert various types of waste, including paper, wood, plastic, agricultural waste, and food, into usable energy in the form of electricity and heat. Key products include the BWEC GEM, an integrated system for waste conversion, and HydroPactor, which reduces the weight of waste by removing moisture. Additionally, MSW Power features a solid waste destruction system that employs mechanical and thermal processes to eliminate moisture from solid waste. The company is committed to providing environmentally beneficial and economically viable solutions that address energy and environmental challenges.

Horsepower Technologies

Series A in 2018
Horsepower Technologies Inc. is an animal healthcare company specializing in the manufacture of rehabilitative orthotics for horses. Founded in 2008 and headquartered in Lowell, Massachusetts, the company develops innovative products designed to facilitate the safe recovery of injured horses. Its flagship product, FastTrack, features protective padding for shock absorption and durability, a hard shell cuff for musculoskeletal support, and a mechanism to limit the extension of the fetlock joint. The technology aids in redirecting weight-bearing forces away from healing tendons and ligaments, allowing horses to resume moderate exercise safely and effectively. Horsepower Technologies sells its products online, aiming to enhance recovery outcomes for horses experiencing lameness.

Horsepower Technologies

Venture Round in 2017
Horsepower Technologies Inc. is an animal healthcare company specializing in the manufacture of rehabilitative orthotics for horses. Founded in 2008 and headquartered in Lowell, Massachusetts, the company develops innovative products designed to facilitate the safe recovery of injured horses. Its flagship product, FastTrack, features protective padding for shock absorption and durability, a hard shell cuff for musculoskeletal support, and a mechanism to limit the extension of the fetlock joint. The technology aids in redirecting weight-bearing forces away from healing tendons and ligaments, allowing horses to resume moderate exercise safely and effectively. Horsepower Technologies sells its products online, aiming to enhance recovery outcomes for horses experiencing lameness.

Massachusetts Materials Technologies

Grant in 2017
Massachusetts Materials Technologies, an MIT spin-off established in 2014 and based in Waltham, Massachusetts, focuses on transforming innovative concepts into commercially viable products in the realms of materials, mechanics, and manufacturing. The company specializes in nondestructive technology for assessing the strength and toughness of materials, particularly for the oil and gas sector. Its advanced instrumentation allows for accurate measurement of the mechanical properties of pipelines without interrupting service or requiring the removal of pipe segments. This capability provides industries with essential insights into the structural integrity of natural gas pipelines, enhancing safety and operational reliability.

Boston Engineering

Grant in 2015
Boston Engineering delivers innovative and timely solutions by utilizing its Total System Responsibility™ (TSR) philosophy to meet demanding market needs. Through interdisciplinary teams, best practice strategies and seamless integration with client processes, Boston Engineering offers a complete solution that is both flexible and focused.

Barrett Technology

Grant in 2015
Barrett Technology, LLC, established in 1990 and located in Newton, Massachusetts, specializes in the design and manufacture of advanced robotic manipulators. The company has pioneered technology that enhances flexibility in articulated arms and hands, positioning itself as a leader in this field. Renowned for its innovative solutions, Barrett Technology earned recognition in the Guinness Book of World Records for its advanced manipulator technology. The company offers a high degree of versatility, catering to a wide range of applications across various industries.

Primaira

Grant in 2015
Primaira specializes in product development, engineering research, and specialized testing for the appliance, consumer products, health & safety, and military industries.

KaZak Composites

Grant in 2012
KaZak Composites is an engineering design and manufacturing company based in Woburn, Massachusetts, specializing in composite engineering and pultrusion processing. The company focuses on providing low-cost automated manufacturing solutions for composite structures, catering to diverse applications such as ship and building structures, space systems, and various commercial uses. With a strong emphasis on serving the aerospace and defense sectors, KaZak Composites leverages advanced technology to deliver efficient and cost-effective composite solutions.
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