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

Mike O'Malley

Senior Investment Team

Nicholas A. Pappas

Vice President

Stacy Swider

Vice President, Investments

Priya Yadav

Vice President, Investments

Past deals in Water

Aclarity

Series A in 2023
Aclarity, LLC is a United States-based manufacturer specializing in innovative water purification devices for residential use. Founded in 2017, the company develops advanced electrochemical water treatment systems that effectively eliminate contaminants such as pathogens, metals, volatile organic compounds (VOCs), per- and polyfluoroalkyl substances (PFAS), and ammonia from water. Aclarity's patented technology aims to provide cost-effective, low-maintenance solutions for comprehensive water treatment, catering to the growing need for clean water and addressing pollution challenges in both water and wastewater systems. As a venture capital-backed cleantech startup, Aclarity is focused on revolutionizing the water treatment industry with its cutting-edge approach.

Aclarity

Grant in 2023
Aclarity, LLC is a United States-based manufacturer specializing in innovative water purification devices for residential use. Founded in 2017, the company develops advanced electrochemical water treatment systems that effectively eliminate contaminants such as pathogens, metals, volatile organic compounds (VOCs), per- and polyfluoroalkyl substances (PFAS), and ammonia from water. Aclarity's patented technology aims to provide cost-effective, low-maintenance solutions for comprehensive water treatment, catering to the growing need for clean water and addressing pollution challenges in both water and wastewater systems. As a venture capital-backed cleantech startup, Aclarity is focused on revolutionizing the water treatment industry with its cutting-edge approach.

Aclarity

Grant in 2022
Aclarity, LLC is a United States-based manufacturer specializing in innovative water purification devices for residential use. Founded in 2017, the company develops advanced electrochemical water treatment systems that effectively eliminate contaminants such as pathogens, metals, volatile organic compounds (VOCs), per- and polyfluoroalkyl substances (PFAS), and ammonia from water. Aclarity's patented technology aims to provide cost-effective, low-maintenance solutions for comprehensive water treatment, catering to the growing need for clean water and addressing pollution challenges in both water and wastewater systems. As a venture capital-backed cleantech startup, Aclarity is focused on revolutionizing the water treatment industry with its cutting-edge approach.

Aclarity

Seed Round in 2022
Aclarity, LLC is a United States-based manufacturer specializing in innovative water purification devices for residential use. Founded in 2017, the company develops advanced electrochemical water treatment systems that effectively eliminate contaminants such as pathogens, metals, volatile organic compounds (VOCs), per- and polyfluoroalkyl substances (PFAS), and ammonia from water. Aclarity's patented technology aims to provide cost-effective, low-maintenance solutions for comprehensive water treatment, catering to the growing need for clean water and addressing pollution challenges in both water and wastewater systems. As a venture capital-backed cleantech startup, Aclarity is focused on revolutionizing the water treatment industry with its cutting-edge approach.

Harmony Desalting

Grant in 2022
Harmony Desalting is an innovative company specializing in advanced desalination technology aimed at improving access to clean water. Utilizing a reverse osmosis batch process, Harmony Desalting enhances the efficiency of water treatment through the integration of new technologies, membranes, and valuable insights. This approach allows clients to significantly lower the costs associated with seawater desalination while simultaneously increasing plant productivity and minimizing the size of seawater intakes. By focusing on these key areas, Harmony Desalting is well-positioned to address the growing global demand for sustainable water solutions.

Infinite Cooling

Grant in 2021
Founded in 2017, Infinite Cooling specializes in wastewater management and recycling. It uses high-voltage electric fields to capture and recycle vast amounts of water that would otherwise be lost at industrial facilities like power plants, data centers, and factories.

Aclarity

Grant in 2021
Aclarity, LLC is a United States-based manufacturer specializing in innovative water purification devices for residential use. Founded in 2017, the company develops advanced electrochemical water treatment systems that effectively eliminate contaminants such as pathogens, metals, volatile organic compounds (VOCs), per- and polyfluoroalkyl substances (PFAS), and ammonia from water. Aclarity's patented technology aims to provide cost-effective, low-maintenance solutions for comprehensive water treatment, catering to the growing need for clean water and addressing pollution challenges in both water and wastewater systems. As a venture capital-backed cleantech startup, Aclarity is focused on revolutionizing the water treatment industry with its cutting-edge approach.

change:WATER Labs

Convertible Note in 2018
change:WATER Labs develops innovative technologies to provide safe and dignified sanitation solutions to non-sewered households and communities.

Watchtower Robotics

Grant in 2018
Watchtower Robotics is a company specializing in advanced leakage detection technology aimed at mitigating water breaks and minimizing infrastructure damage. The company develops innovative robots that accurately identify leaks in water distribution pipes without disrupting service. By enabling early detection of potential water issues, Watchtower Robotics allows clients to take proactive measures to prevent costly water leakage and infrastructure deterioration. Their technology focuses on enhancing the efficiency and reliability of water management systems, contributing to better resource conservation and operational sustainability.

ZwitterCo

Grant in 2018
ZwitterCo specializes in advanced membrane solutions for the treatment of highly impaired wastewater, enabling the reuse and recycling of water resources in industrial applications. The company's innovative reverse osmosis and nanofiltration technologies address the challenges of treating historically unfilterable streams by preventing fouling caused by organic molecules. ZwitterCo's membranes are chlorine-tolerant, back-washable, and resistant to irreversible fouling, which enhances their longevity and performance. By transforming wastewater from a liability into a valuable resource, ZwitterCo helps clients manage their water treatment needs more economically and sustainably, reducing chemical demands and improving operational efficiency.

Infinite Cooling

Grant in 2017
Founded in 2017, Infinite Cooling specializes in wastewater management and recycling. It uses high-voltage electric fields to capture and recycle vast amounts of water that would otherwise be lost at industrial facilities like power plants, data centers, and factories.

Cambrian Innovation

Grant in 2016
Cambrian Innovation Inc. is a company that specializes in manufacturing advanced wastewater treatment systems. The firm offers innovative technologies, including the EcoVolt Reactor, which utilizes electrically active microbes to recover clean water and energy from wastewater, and the EcoVolt Mini, a compact treatment and water-reuse system designed for smaller facilities. Additionally, Cambrian provides the EcoVolt MBR, a membrane bioreactor that employs membrane filtration and integrated controls to effectively remove contaminants from wastewater, particularly for the food and beverage industries. Founded in 2006 and based in Watertown, Massachusetts, Cambrian Innovation serves various sectors, including food and beverage, textiles, pharmaceuticals, and municipal services. The company’s solutions aim to assist industrial, agricultural, and government customers in reducing costs while enhancing resource management and reuse.

HMSolution

Grant in 2015
HMSolution, Inc. is a water technology company based in Providence, Rhode Island, founded in 2013. The company specializes in developing water treatment systems that effectively remove arsenic and other toxic contaminants from drinking water. Its innovative filtration technology is designed to address a variety of applications, including community water systems, beverage and agricultural companies, and households that rely on well water. HMSolution's systems provide a cost-effective and easy-to-operate solution, enabling public water suppliers and other water-related industries to significantly reduce operational costs while ensuring safe drinking water. The company aims to protect communities and homeowners from the health risks posed by toxic contaminants, offering scalable solutions for residential, municipal, and industrial needs.

Bevi

Grant in 2013
Bevi develops bottle-less water dispensers for offices and commercial spaces that dispense beverages made from filtered tap water with natural flavors, including real fruit essences. The systems allow users to customize drinks and view nutrition information, while the company emphasizes tracking environmental impact and reducing waste from bottled beverages. The technology is designed to run on the municipal water supply, aiming to transform beverage delivery by offering eco-friendly, healthy hydration options on site.

Thermoenergy

Venture Round in 2007
ThermoEnergy Corporation, founded in 1988 and headquartered in Worcester, Massachusetts, focuses on the commercialization of innovative wastewater treatment systems and carbon-reducing power generation technologies. The company utilizes its Controlled Atmosphere Separation Technology (CAST) platform to offer a range of solutions, including systems for treating brackish and natural water sources, recovering wastewater for reuse, and ensuring compliance with regulatory mandates. Key products include Turbo CAST, a heat recuperation technology, and Mobile CAST, a self-contained wastewater processing system. Additionally, ThermoEnergy develops processes for ammonia recovery, renewable energy generation from waste-activated sludge, and enhanced biogas production from animal waste. The company is also known for its patented pressurized oxycombustion technology, which enables the conversion of fossil fuels and biomass into electricity while minimizing air emissions and capturing carbon dioxide. ThermoEnergy serves various industries, including metal finishing, petrochemical, food processing, and municipal wastewater applications, positioning itself as a leader in sustainable water treatment and clean energy solutions.

Castion

Convertible Note in 2004
CASTion is a developer and manufacturer of wastewater treatment and recovery systems for industrial and municipal clients. The wastewater recovery system can recover metals for reuse from the wastewater such as chrome, copper, and zinc; salts and organic compounds such as ethylene and propylene glycol, and compounds such as ammonia. The wastewater treatment systems have application in aerospace, food processing, metal finishing, refineries, manufacturing and municipal wastewater.
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