MassChallenge

MassChallenge is a global nonprofit startup accelerator headquartered in Boston, Massachusetts, established in 2009. It supports early-stage entrepreneurs across various industries, including technology, healthcare, and social impact, by providing mentorship, resources, and networking opportunities. With locations in Israel, Mexico, Switzerland, Texas, and the UK, MassChallenge connects high-potential startups with industry experts and investors to foster innovation and facilitate growth. The accelerator operates on a non-equity model, allowing entrepreneurs to maintain full ownership of their companies while benefiting from strategic partnerships and tailored training programs. Through its diverse initiatives, such as targeted accelerator programs like MassChallenge HealthTech and FinTech, the organization aims to drive impactful change and enhance the global innovation ecosystem.

Cait Brumme

Acting CEO

Nick Dougherty

Managing Director, MassChallenge HealthTech

Siobhan Dullea

CEO

Matthew 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 Andes

Climatenza

Grant in 2023
Climatenza is a solar thermal company established in 2018 and headquartered in Santiago, Chile. It specializes in innovative technology solutions aimed at sustainable energy practices. The company develops and implements concentrating solar thermal technologies to generate high-value energy for utilities and provide heat for industrial applications. In addition to its focus on energy generation, Climatenza offers renewable energy consulting services, including feasibility studies and strategy development for integrating photovoltaic systems. Through its efforts, the company aims to contribute to climate change mitigation and support the development of local communities by facilitating the transition to clean energy sources.

Pro Indie Music

Non Equity Assistance in 2021
Pro Indie Music is a company that empowers independent artists by providing a comprehensive mobile app solution. It offers tailored opportunities and services, including industry insights, business guidance, and data-driven tools to facilitate rapid growth. The platform also caters to labels and managers, offering an end-to-end artist development solution powered by artificial intelligence. With a subscription-based model, Pro Indie Music operates in a $20.2 billion USD market, achieving a remarkable annual growth rate of 180% since its launch in April 2021. The company serves customers from various Latin American countries, including Mexico, Colombia, Guatemala, Chile, and Peru.

Michroma

Non Equity Assistance in 2021
Michroma Corporation is a biotechnology company that specializes in producing natural thermostable colorants derived from filamentous fungi for the food and cosmetics industries. Founded in 2019, the company operates from locations in San Francisco, California, and Rosario, Argentina. By leveraging synthetic biology, Michroma develops proprietary fungal strains that can be cultivated in bioreactors, allowing for the sustainable and cost-effective production of high-performance ingredients. Its initial offerings focus on pH-stable and heat-stable colorants, which are designed to replace synthetic pigments and those sourced from animals and plants. In addition to colorants, Michroma is also engaged in the production of mycoprotein and other innovative ingredients, collaborating with leading companies in the food and beverage and cosmetic sectors.

IMIX LatAm

Non Equity Assistance in 2020
IMIX Consulting S.A.S specializes in creating inclusive digital ecosystems focused on financial inclusion. Based in Bogotá, Colombia, with additional offices in Quito, Ecuador; Lima, Peru; and San José, Costa Rica, the company offers a digital platform that transforms transactional processes and connects physical and digital channels. This platform provides a comprehensive portfolio of financial services, linking individuals and businesses while enabling financial and microfinance institutions to enhance their service offerings. IMIX Consulting also delivers consulting and digital payment services, facilitating the interconnection of payment and credit solutions for its clients.

ElegirSeguro.com

Non Equity Assistance in 2020
ElegirSeguro.com is an insurance platform based in Buenos Aires, Argentina, founded in 2017, that offers specialized insurance advice and policy management for small and medium-sized enterprises. The platform enables businesses to understand, acquire, and manage various insurance policies tailored to their needs. It serves a diverse range of industries, including manufacturing, construction, hospitality, logistics, distribution, and retail. By utilizing multiple channels for communication, ElegirSeguro.com aims to streamline the insurance process and provide comprehensive support to its clients in navigating the complexities of commercial insurance.

Yu-Track

Non Equity Assistance in 2020
Yu-Track is a technology company specializing in field sales force automation software for collection teams. Its platform provides real-time visibility into team activities and performance using artificial intelligence, helping businesses improve their indicators and customer engagement. The company caters to various industries such as banking, retail, insurance, and collection agencies across Chile, Peru, Colombia, and Mexico.

Wimet

Non Equity Assistance in 2019
Wimet SAS operates an online platform for renting a variety of spaces, including venues for meetings, events, and productions. Founded in 2017 and based in Vicente López, Argentina, the company caters to diverse needs such as workshops, cocktails, and pop-up stores. Wimet enables hosts to publish their available spaces and manage bookings effectively through its platform. In addition to facilitating space rentals, Wimet provides support services to hosts, ensuring a seamless experience for both space providers and renters. The platform emphasizes flexibility, allowing clients to discover and book curated, on-demand spaces that meet their specific requirements.

LUP COLOMBIA

Non Equity Assistance in 2019
Lup Colombia design and market recycle glass waste into silicon fertilizers.

LikeU

Non Equity Assistance in 2019
LikeU is a Colombian company founded in 2015, with an additional office in Mexico City, that operates an online portal connecting corporate clients with part-time telecommuters. The platform specializes in staffing services and offers opportunities for well-paid part-time jobs, particularly targeting women and persons with disabilities. In addition to connecting clients with telecommuters, LikeU provides online training and skills certifications to enhance the employability of its workforce. The company also supports local businesses through customer service, business development services, and sales support, contributing to the business process outsourcing industry.

Bioin Soluciones

Grant in 2016
Bioin Soluciones is an authorized distributor for Colombia of Masimo products. Billions of people lack access to surgery that is safe, the burden of surgical diseases would eclipse that of HIV, tuberculosis, and malaria by the year 2026 in low and middle income countries. Ativa is a safer anesthesia machine that deliver the exact dose of anesthesia that your body needs. This means that patients and anesthesiologist can feel SAFE and Healtcare Institution can SAVE.

Castellano Ethnic Origins

Grant in 2016
Castellano Ethnic Origins specializes in the design and production of handbags, backpacks, and friendship bracelets that are handmade by indigenous women in Colombia. The company focuses on supporting and preserving traditional hand craftsmanship, enhancing the skills of local artisans while celebrating the rich heritage of lesser-known tribes. Its products are positioned as unique luxury items that emphasize transparency in their creation, allowing consumers to connect with the cultural significance behind each piece. Additionally, Castellano Ethnic Origins is committed to social responsibility, with a portion of the proceeds from each sale directed towards providing water provisions for indigenous communities.

Quiro

Grant in 2015
Quiro is a company based in Caracas, Venezuela, that specializes in enhancing medical education through innovative technology. Founded in 2013, Quiro develops surgery simulation video games designed to provide practical training on mobile devices. The company's platform offers an engaging and portable way for medical students to access interactive medical training, making high-quality education more affordable and accessible worldwide.

Acsendo

Grant in 2013
Acsendo SAS is a Colombian company based in Bogotá that specializes in developing subscription-based talent management software solutions. The platform assists organizations in evaluating employee performance and driving engagement by providing tools for goals and competencies management, as well as creating individual development plans. Acsendo’s software enables companies to categorize employee roles, responsibilities, key performance indicators, and competencies, facilitating a metrics-driven environment that enhances the employee review and evaluation process. By aligning corporate goals with individual objectives, the platform promotes employee satisfaction and retention, while helping employers optimize their workforce to meet business needs. Its services are utilized by various sectors, including industrial and service clients, consultants, and government entities across Colombia, Chile, Peru, and Mexico.

Aentropico

Grant in 2013
Aentropico is a Brazilian company that develops a predictive analytics platform aimed at empowering managers in mid to large enterprises to make informed decisions. The platform combines user-friendly design with advanced applied statistics, enabling non-technical users to leverage complex algorithms effectively. Aentropico has created a marketplace of solutions tailored to specific industry challenges, addressing the increasing demand for Big Data insights in the Latin American market. The company has conducted paid pilot projects in Colombia and Mexico, focusing on various sectors, and is transitioning towards a model that supports recurring billing through its beta platform.
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