MassChallenge

MassChallenge is a global nonprofit startup accelerator headquartered in Boston, Massachusetts, founded in 2009. It supports early-stage entrepreneurs from various industries, including technology, healthcare, and finance, by providing mentorship, resources, and networking opportunities. With locations in countries such as Israel, Mexico, Switzerland, and Texas, MassChallenge operates a non-equity model, allowing startups to retain full ownership while benefiting from expert guidance and connections. The accelerator conducts various programs tailored to specific sectors, such as MassChallenge HealthTech and MassChallenge FinTech, which facilitate partnerships between startups and established enterprises to drive innovation and market growth. Through its extensive global network, MassChallenge aims to strengthen the innovation ecosystem and empower high-potential startups to create meaningful impact.

Cait Brumme

Acting CEO

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 Adriatic

Genuino

Non Equity Assistance in 2021
Genuino is a sports technology company based in Italy that specializes in transforming sports memorabilia into certified assets. The company’s innovative platform allows users to buy and sell game-worn apparel directly through a peer-to-peer system. Utilizing blockchain technology, Genuino has established a certification protocol that authenticates and certifies match-worn apparel, ensuring its legitimacy. This approach not only provides provenance and ownership evidence for each piece but also enhances trust between consumers and brands. Genuino supports its operations with proprietary web and mobile applications, complemented by Internet of Things (IoT) technology, which facilitates bidding on authenticated game-worn items. Through its focus on transparency and data integrity, Genuino aims to reshape the landscape of sports memorabilia.

MIPRONS

Non Equity Assistance in 2021
MIPRONS is on a mission to develop a space propulsion system for nanosatellites.

Stellar Project

Non Equity Assistance in 2021
Stellar Project is a space technology startup based in Padua, Italy, that focuses on innovative solutions for light satellites. The company specializes in the development of miniature low-power laser communication terminals, which enhance communication capabilities in the space sector. In addition to its manufacturing efforts, Stellar Project provides consultancy services that assess the risks associated with spacecraft missions, particularly concerning the threats posed by space debris and space weather. Through its advanced technologies and risk analysis, Stellar Project aims to contribute significantly to the evolving space economy.

ENERGY2GO

Non Equity Assistance in 2021
ENERGY2GO is a provider of direct solar energy recharge to small devices and built-in power banks. The integrated PowerBank can store the sun's energy and provide customers with clean energy at any time of day and in sunlight conditions.

DRB

Non Equity Assistance in 2021
DRB specializes in autonomous drone inspection services focused on electrical transmission and distribution lines, renewable energy production sites, and various infrastructures. The company employs patented technology to conduct aerial inspections of plants and machinery, including wind turbine generators and powerlines. By utilizing custom artificial intelligence platforms, DRB enhances data analysis capabilities, allowing clients to quickly interpret the information and images captured during inspections. This approach ensures that clients receive significant value from the drone inspection services, facilitating efficient monitoring and maintenance of critical assets.

Diamante

Non Equity Assistance in 2021
Diamante is an Italian company founded in 2016 and headquartered in Verona, specializing in the development and manufacture of diagnostic devices for autoimmune diseases using advanced nanomaterials. The company utilizes plants as bioreactors to produce nanoparticles derived from modified plant viruses. This innovative approach facilitates the creation of new diagnostic tools and therapies aimed at addressing autoimmune diseases, particularly through techniques that involve the re-induction of these conditions. By leveraging plant-based nanotechnologies, Diamante is positioned to contribute significantly to advancements in autoimmune disease diagnosis and treatment.

Buzzup

Non Equity Assistance in 2021
By translating bees’ vibrations and sounds we provide real time pollination and bee health data analysis to beekeepers, farmers, consumers and companies. Thanks to AI and big data we help researchers to know more about and protect the bees.

Mensior

Non Equity Assistance in 2021
ValueMyBrain is a smart safety helmet to prevent accidents for helmet-wearing workers (construction, oil & gas, building maintenance etc.). Value My Brain captures EEG raw data, processes them in real time in the cloud, and identifies loss of attention leading to risky conditions. Workers (and/or their organization) at risk are alerted, allowing a reduction in accidents. Our product is based on a proprietary algorithm that we are bringing from clinical to industrial level. We are developing ValueMyBrain in close cooperation with some universities and with a San Jose based leading manufacturer of physiological sensors technology.

Ittinsect - Feed for the Ocean

Non Equity Assistance in 2021
Ittinsect is the biotech startup that developed the sustainable alternative to aquaculture feed. Ittinsect produces high performance feeds through the microbiological treatment of novel raw ingredients including insects, microalgae and agricultural by-products, in line with the circular economy principles. With Ittinsect, there is no longer need to catch fish from the marine environment as nutrition for farmed fish. The company’s mission is making aquaculture ocean-impact neutral.

React4life

Non Equity Assistance in 2021
React4life is an Italian biotech company established in 2016 by Silvia Scaglione and Maurizio Aiello, following over 15 years of research and development. The company focuses on advancing biomedical research through its innovative technology, MIVO® (Multi In Vitro Organ), which represents a next-generation organ-on-a-chip system. This microphysiological platform allows researchers to simulate human biology more accurately in laboratory settings, addressing the limitations of traditional in vitro assays and animal testing. React4life's technology enhances the reliability and predictivity of various applications, including pharmaceutical drug testing, personalized medicine, immuno-oncology therapies, cosmetics, dermatology, and nutraceuticals. By enabling the cultivation of three-dimensional human-like tissues for in vitro testing, React4life aims to improve the effectiveness of laboratory experiments and promote ethical research practices.

Retirable

Non Equity Assistance in 2020
Retirable, Inc. is a financial services company founded in 2019 and headquartered in New York. Specializing in personalized retirement planning, the company offers tailored advice and investment strategies to assist adults in or nearing retirement. Retirable's platform is designed to prepare clients for their post-work future, providing actionable guidance to ensure financial stability and peace of mind as they transition into retirement. By focusing on the unique needs of individuals approaching retirement age, Retirable aims to help clients lead a stress-free life after their professional careers.

Computational Life

Non Equity Assistance in 2020
Computational Life Inc. is a software development company based in Wilmington, Delaware, that creates innovative solutions for the healthcare sector. Founded in 2018, the company specializes in a Digital Avatar Platform (DAP) that simulates human and animal physiological systems using advanced mathematical models. This technology allows for detailed simulations of various bodily systems, including arterial and venous dynamics, heart function, microcirculation, and cerebrospinal fluid movement. By leveraging validated physical laws, Computational Life's platform aids healthcare professionals in predicting personalized patient outcomes and managing complex medical conditions. The software's ability to model the effects of medical treatments enhances decision-making in clinical settings, particularly for multisystemic diseases.

PONERA GROUP

Non Equity Assistance in 2020
Ponera Group specializes in innovative modular packaging solutions aimed at enhancing sustainability and efficiency in freight transportation. The company develops reusable industrial packaging systems that can be configured from any direction to create custom-sized boxes, accommodating heavy-duty cargo and improving handling convenience. By transforming traditional one-time-use packaging materials into intelligent, reusable assets, Ponera Group supports the implementation of a circular economy in logistics, minimizing waste and optimizing supply chain processes.

PREINVEL

Non Equity Assistance in 2020
PREINVEL is a startup focused on addressing environmental and human health challenges through innovative technology. The company has developed a filtering system that effectively controls pollutant emissions, specifically targeting dust and chemical particles. This technology utilizes a fluid dynamic filter that captures and removes dust by attracting particles to low-pressure areas, which are then eliminated through airflow that generates extreme vacuums. This system not only ensures minimal maintenance costs but also reduces electrical power consumption, eliminating the need for replacing consumables or filters. By providing a sustainable solution, PREINVEL aims to support industries in reducing their environmental impact while promoting healthier air quality.

kpi6

Non Equity Assistance in 2020
KPI6 is a consumer intelligence suite that assists businesses in understanding consumer needs and critical insights. By leveraging alternative data sources such as online reviews, social media, and digital open data, it provides companies with essential strategic insights for innovation, opportunity assessment, and effective planning. The platform employs artificial intelligence to collect and analyze real-time conversations from major media channels, presenting the information through intuitive visualizations and infographics. This enables organizations to make informed decisions and gain a deeper understanding of their target audiences, thereby addressing daily business challenges effectively.

Inxelo Technologies

Non Equity Assistance in 2020
Inxelo Technologies helps air operators to effectively manage their safety and quality data and operations.

Agrorobotica

Non Equity Assistance in 2020
Agrorobotica specializes in precision agriculture and farming management systems focused on the monitoring of parasitic insects. The company designs and provides pest traps that can be installed in fields to photograph, recognize, and count harmful insects. These traps transmit real-time results to farmers via smartphone and website, allowing them to effectively monitor the health and status of their crops. By integrating this technology, Agrorobotica enables farmers to enhance their pest management strategies and improve overall farm control.

Wenda

Non Equity Assistance in 2020
Wenda is an Italian startup founded in 2015 that focuses on enhancing food safety and sustainability through an innovative collaborative platform for food traceability. This platform automates the collection, analysis, and sharing of supply chain data, integrating seamlessly with existing tools and systems used by clients. By providing real-time insights into temperature and traceability, Wenda's platform supports decision-making for all stakeholders in the food supply chain, ultimately aiming to reduce food waste. The company's technology leverages Internet of Things (IoT) capabilities, blockchain for improved transparency and security, and machine learning to refine process management. Wenda's user-friendly solution is designed to address the needs of food distribution companies by optimizing processes, reducing costs, and enhancing service levels. It offers various modules for different phases of the supply chain, including shipping, storage, inbound, outbound, and delivery, each tailored to improve efficiency and compliance with safety standards. With a focus on global scalability and strategic partnerships, Wenda aims to revolutionize the food supply chain through digitalization and data-driven insights.

FlyingBasket

Non Equity Assistance in 2020
FlyingBasket is a company based in South Tyrol, Italy, that specializes in drone delivery systems, particularly heavy-payload cargo drones capable of lifting up to 100 kg. The company operates a Drone as a Service model across various industries, including telecommunications, energy, and logistics. FlyingBasket designs, manufactures, and operates its own unmanned aerial vehicles, which are particularly suited for delivering goods to remote locations such as mountainous regions and islands. Additionally, the company offers services in civil protection, cable stretching, monitoring, and multi-sensor analysis, providing clients with efficient solutions for tasks that are traditionally challenging and expensive to execute.

Orange Fiber

Pre Seed Round in 2020
Orange Fiber is an Italian company that specializes in creating sustainable fabrics from by-products of citrus juice production, which would otherwise be discarded. By transforming these materials into a silk-like cellulose yarn, the company offers a refined and lightweight fabric that maintains a soft hand-feel. This innovative approach not only provides an environmentally friendly alternative to traditional fabrics but also aligns with Italy's rich heritage in high-quality textiles and fashion. Orange Fiber's commitment to sustainability and elegance allows it to contribute to the reduction of waste while delivering exquisite materials to the fashion industry.

Glickon S.p.A.

Funding Round in 2019
Glickon S.p.A., founded in 2014 and headquartered in Milan, Italy, specializes in a People Analytics and gamification platform designed to enhance human resource management. The company offers an online platform that engages employees and streamlines the recruitment process by utilizing gamification dynamics to filter candidates effectively. This platform enables HR professionals to listen to and engage their workforce throughout the entire employee lifecycle, from recruitment to exit. By generating valuable insights, Glickon helps organizations make data-driven decisions that improve talent acquisition and enhance overall performance, thereby contributing to increased productivity and profitability.

Hexagro

Non Equity Assistance in 2019
Hexagro is an innovative urban farming platform that focuses on decentralizing food production through its modular hardware and IoT automation software. The company offers a scalable, automated indoor farming system, featuring a customizable indoor garden known as the living farming tree. This system allows users to efficiently grow fresh and healthy food with minimal effort, as it monitors and controls the harvesting process via a web-based application. Hexagro aims to empower individuals, regardless of their growing experience, to produce their own food and access nutritious options within urban environments, fostering a community of growers.

PLUSADVANCE

Non Equity Assistance in 2019
PlusAdvance is a dynamic discounting fintech. They provide products that include digital, innovation, SaaS, fintech, finance, and technology. An online inquiry form is available on the company's website.

Deliverart

Non Equity Assistance in 2019
Deliverart is a software solution designed to streamline delivery and takeaway management for restaurants, dark kitchens, and food chains. It centralizes and manages all orders from various major food delivery platforms through a single interface, allowing users to handle home orders and deliveries efficiently. The platform automates order management and optimizes multi-delivery routes for riders, enhancing productivity and improving coordination between food production and logistics. Deliverart caters to businesses seeking to simplify their operations and boost overall efficiency in their delivery processes.

Test1 soultions

Non Equity Assistance in 2019
Test1 Solutions is an oil absorbent technique for hydrocarbons and their derivatives. They serve environmental clean up, oil spill clean up, hydrocarbon spills, geennovation, open cell oleophilic polyurethane foam with a hydrophobic effect, and hydrocarbon spills on water and land.

Ematik System

Non Equity Assistance in 2018
Prometheus is a biotech company. They provide solutions for veterinary and human regenerative medicine. They have developed ematik, a line of veterinary medicine products using platelet-rich plasma for cell and tissue regeneration. Their product is ematik ready, a veterinary plaster for the treatment of animal wounds in dogs, cats, and horses.

Nextome

Seed Round in 2017
Nextome specializes in advanced real-time location systems (RTLS) and indoor positioning solutions designed to enhance the accessibility and functionality of various indoor spaces, including warehouses, malls, airports, and hospitals. The company utilizes a combination of smartphone sensors and low-signal Bluetooth beacons, along with artificial intelligence algorithms, to deliver high-accuracy navigation and tracking capabilities. This innovative technology allows for seamless integration of indoor and outdoor environments, creating smarter venues that offer new opportunities for businesses, developers, and individuals. Nextome aims to address the challenges of indoor navigation while ensuring a straightforward installation process for its clients.

OffGridBox

Grant in 2017
OffGridBox is a modular and compact unit that provides renewable energy and clean water in remote areas and developing countries. Their OffGridBox™, an all-in-one system, fits entirely inside a 6x6x6 feet shipping container and is equipped with all the hardware needed to produce electricity and clean water. This innovative technology is a solution for more than 2 billion people worldwide that need energy and clean water on a daily basis. One unit potentially managed by a local women co-op in a Rwandese village can impact up to 300 families (circa 1500 people) providing Tier 1 electricity and sterilized water. They deployed 38 units in 9 Countries (Italy, South Africa, Rwanda, Nigeria, Philippines, Madagascar, US and Colombia) for different segments: humanitarian, household retail, service to industry. These units have operated more than 400,000 working hours.

The Energy Audit

Grant in 2017
The Energy Audit is a reference point and provides practical support for all professionals dealing with energy efficiency: energy managers, energy consultants, ESCOs, utility providers and government institutions.

Glickon S.p.A.

Non Equity Assistance in 2017
Glickon S.p.A., founded in 2014 and headquartered in Milan, Italy, specializes in a People Analytics and gamification platform designed to enhance human resource management. The company offers an online platform that engages employees and streamlines the recruitment process by utilizing gamification dynamics to filter candidates effectively. This platform enables HR professionals to listen to and engage their workforce throughout the entire employee lifecycle, from recruitment to exit. By generating valuable insights, Glickon helps organizations make data-driven decisions that improve talent acquisition and enhance overall performance, thereby contributing to increased productivity and profitability.

Yarok Microbio

Non Equity Assistance in 2017
Yarok Microbio has developed an innovative microbiological testing technology that significantly enhances the speed and accuracy of pathogen detection in the food supply chain and agriculture. The system can identify dangerous microbes such as E. coli, Listeria, Salmonella, and various yeasts and molds within 45 minutes, a substantial improvement over traditional testing methods that take days. This rapid testing capability helps food producers safeguard consumer health, prevent costly product recalls, and mitigate potential legal issues. Additionally, Yarok's technology allows for early detection of plant pathogens, enabling agricultural producers to implement timely phytosanitary measures and reduce pesticide use, thereby minimizing losses of high-value crops. The company's research and development laboratory is located in Jerusalem, Israel, while a demonstration lab in Milan, Italy, supports marketing efforts in Europe. Yarok has been recognized for its contributions to agribusiness innovation, receiving the 2017 Innovation Award from the United Nations Industrial Development Organization and being named one of the top disruptors in the food technology sector by the Institute of Food Technologists in 2019.

konoz

Grant in 2016
Konoz has 300+ teachers who create amazing (and free!) video courses, sharing their passions in subjects from Aerospace & History to Yoga & Zumba. With new teachers daily, this network will go beyond Khan Academy to #teach1billion. Teachers and students connect in a social learning platform with custom profiles, crowdfunding, messaging, and notifications. Explore their curated educational content & advanced recommendation systems which will evolve into a machine-learning driven personalized Digital Aristotle.

D-Orbit

Grant in 2014
D-Orbit S.r.l. is an Italian New Space company founded in 2011 and headquartered in Sesto Fiorentino, Italy. The company specializes in providing solutions for satellite design, development, launch, commissioning, and decommissioning, with a focus on enabling the safe disposal of artificial satellites to mitigate space debris. D-Orbit offers a range of services, including last-mile delivery of satellites, orbital transportation, and space logistics, aimed at optimizing operations both in orbit and on the ground. By streamlining all phases of a satellite mission, D-Orbit enhances spacecraft design, reliability, and resource utilization while reducing operational costs. The company operates with a commitment to social benefit and environmental sustainability, catering to the needs of satellite owners and operators in a rapidly evolving space marketplace. With approximately 35 employees, D-Orbit also has subsidiaries in Washington, DC, and Lisbon, Portugal.

3dim

Grant in 2013
3dim is a company focused on revolutionizing interaction with smart devices through its innovative 3D gesture sensor technology. This patented, award-winning solution is based on advanced optical signal processing techniques developed at MIT. It enables accurate 3D gesture recognition for mobile devices, including smartphones, tablets, and wearables, while dramatically reducing power consumption and computational demands. Unlike traditional systems, 3dim's cameraless approach operates effectively under various lighting conditions, allowing for reliable gesture control without the need for additional hardware components. By facilitating intuitive 3D interactions, 3dim positions gesture as the future of user interface technology, moving beyond conventional touch methods.
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