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

Vinit Nijhawan

Managing Director

Nicholas A. Pappas

Vice President

Stacy Swider

Vice President, Investments

Priya Yadav

Vice President of Investments

Past deals in Wearables

Bloomer Tech

Grant in 2024
Bloomer Tech is a company that designs and manufactures bras embedded with advanced fabric engineering technology to monitor women's cardiovascular health. Founded in 2015 and based in Cambridge, Massachusetts, the company utilizes everyday fabrics and machine learning to collect critical health metrics, including electrocardiograms, pulse rates, respiratory rates, and heart rhythms. By integrating biometric sensors into its products, Bloomer Tech aims to create a reliable data set that enhances understanding of women's heart health and supports personalized healthcare solutions. The company's innovative approach enables real-time access to meaningful health data for users and healthcare professionals, facilitating improved monitoring and treatment of chronic diseases. The founders of Bloomer Tech, Aceil Halaby, Alicia Chong Rodriguez, and Monica Abarca, are committed to addressing global cardiovascular health challenges through their technology.

ThermoBionics

Grant in 2023
ThermoBionics is a manufacturer specializing in wearable cooling products that leverage innovative technology to enhance cooling efficiency while minimizing weight. The company focuses on developing apparel that utilizes its proprietary, patent-pending technology to artificially regulate the body's thermoregulatory functions. This allows users to reduce perspiration and promote moisture evaporation, ensuring comfort in various outdoor temperature and humidity conditions.

Pison

Grant in 2022
Pison Technology, Inc., established in 2016 and headquartered in Boston, Massachusetts, specializes in developing and marketing wearable devices. These devices are designed to capture and filter signals sent to the nervous system, primarily serving individuals with amyotrophic lateral sclerosis (ALS). Pison's innovative, non-invasive electroneurography (ENG) algorithms and sensor array technology aim to optimize cognitive and physiological capabilities through gesture control, with applications in cognitive enhancement, disease diagnosis, management, and improving overall quality of life.

Mesodyne

Grant in 2022
Founded in 2018 by Drs. Veronika Stelmakh and Walker Chan, Mesodyne is a pioneering engineering and manufacturing company specializing in innovative electricity generation methods. Their patented LightCell technology converts any fuel to electricity via light, providing rugged, long-lasting, portable power for military and commercial users.

Pison

Grant in 2021
Pison Technology, Inc., established in 2016 and headquartered in Boston, Massachusetts, specializes in developing and marketing wearable devices. These devices are designed to capture and filter signals sent to the nervous system, primarily serving individuals with amyotrophic lateral sclerosis (ALS). Pison's innovative, non-invasive electroneurography (ENG) algorithms and sensor array technology aim to optimize cognitive and physiological capabilities through gesture control, with applications in cognitive enhancement, disease diagnosis, management, and improving overall quality of life.

Mesodyne

Grant in 2021
Founded in 2018 by Drs. Veronika Stelmakh and Walker Chan, Mesodyne is a pioneering engineering and manufacturing company specializing in innovative electricity generation methods. Their patented LightCell technology converts any fuel to electricity via light, providing rugged, long-lasting, portable power for military and commercial users.

Pison

Series A in 2021
Pison Technology, Inc., established in 2016 and headquartered in Boston, Massachusetts, specializes in developing and marketing wearable devices. These devices are designed to capture and filter signals sent to the nervous system, primarily serving individuals with amyotrophic lateral sclerosis (ALS). Pison's innovative, non-invasive electroneurography (ENG) algorithms and sensor array technology aim to optimize cognitive and physiological capabilities through gesture control, with applications in cognitive enhancement, disease diagnosis, management, and improving overall quality of life.

Pison

Grant in 2020
Pison Technology, Inc., established in 2016 and headquartered in Boston, Massachusetts, specializes in developing and marketing wearable devices. These devices are designed to capture and filter signals sent to the nervous system, primarily serving individuals with amyotrophic lateral sclerosis (ALS). Pison's innovative, non-invasive electroneurography (ENG) algorithms and sensor array technology aim to optimize cognitive and physiological capabilities through gesture control, with applications in cognitive enhancement, disease diagnosis, management, and improving overall quality of life.

Lumme Health

Grant in 2019
Lumme Inc. is a company that specializes in developing an addiction treatment platform that integrates wearable technology, machine learning, and behavioral psychology. Founded in 2014 and based in Amherst, Massachusetts, the platform is designed to function as a personal therapist, providing timely assistance to users. By utilizing sensors on smartphones and smartwatches, Lumme's technology detects, predicts, and prevents behaviors that negatively impact health, specifically targeting addictions to smoking, alcohol, and unhealthy diets. The company's innovative passive gesture recognition technology alleviates the challenges associated with self-monitoring, making it easier for users to manage their behaviors. Lumme Inc. markets its platform to health insurance companies and corporations, aiming to enhance wellness and support addiction recovery.

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.

Tactai

Grant in 2017
Tactai is a pioneering company focused on developing the first wearable device that allows users to touch and feel virtual objects with life-like realism. Utilizing its patent-pending Dynamic Tactile Wave™ technology, Tactai creates multi-modal experiences that engage the user's senses by integrating touch, sound, and light. The company's high-fidelity haptic device is engineered to provide precise touch sensations and features advanced hand-and-finger tracking, enhancing user interaction in various applications. Tactai's products aim to transform immersive experiences in fields such as Augmented Reality and Virtual Reality, benefiting sectors including gaming, e-commerce, training, film, architecture, and education.

SES

Grant in 2012
SolidEnergy Systems Corp. develops and manufactures rechargeable lithium metal batteries primarily for applications in drones, wearables, smartphones, and electric vehicles. Founded in 2012 and based in Woburn, Massachusetts, the company focuses on producing high-performance lithium metal batteries and supplying essential materials, such as anodes and electrolytes, to major lithium-ion cell manufacturers. These materials can be integrated into existing manufacturing processes, allowing for scalability without significant infrastructure investments. SolidEnergy's pilot-scale production caters to prototype demonstrations and specialized aerospace markets, while its future growth is aimed at mainstream sectors like consumer electronics and electric vehicles. Additionally, the company is involved in developing AI-powered safety algorithms and recycling solutions, positioning itself as an integrated battery manufacturer with a commitment to innovation and sustainability.
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