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.
Past deals in Maryland
Capitis Solutions
Non Equity Assistance in 2024
Capitis Solutions is an information technology consulting firm based in Maryland, specializing in providing IT solutions that emphasize application security compliance, cloud-native architecture, and IoT/predictive analytics. The company is recognized as a small disadvantaged business and focuses on delivering cost-effective and reliable services with fast turnaround times. Capitis offers automated compliance scans and continuous monitoring of system configurations, assisting clients in modernizing legacy systems. They have established partnerships with major cloud providers such as AWS and Red Hat, enabling them to implement advanced solutions like microservices for both greenfield and brownfield applications.
Femly
Non Equity Assistance in 2021
Femly LLC, established in 2016 and based in Upper Marlboro, Maryland, specializes in manufacturing and distributing eco-friendly feminine hygiene care products. Its offerings include organic cotton tampons, day and night pads, menstrual cups, and related items, all designed to be environmentally sustainable and non-toxic. Femly provides direct-to-consumer services through a monthly subscription and online ordering platform, with home delivery options. Additionally, it supplies restrooms at various organizations, such as hotels, co-working spaces, and colleges. The company's products are available for purchase exclusively through its online platform.
Relavo
Non Equity Assistance in 2020
Relavo, LLC, founded in 2018 and based in Baltimore, Maryland, is a medical device company focused on improving the treatment of kidney failure patients through innovative technology. The company's flagship product, PeritoneX, is designed to enhance home dialysis by reducing the risk of infection associated with peritoneal dialysis. This in-line connection device works by disinfecting all connection points in the dialysis system before treatment, thereby aiming to minimize the occurrence of peritonitis. Relavo's approach seeks to make home dialysis safer and more accessible for patients, ultimately improving their quality of life.
Relavo
Pre Seed Round in 2020
Relavo, LLC, founded in 2018 and based in Baltimore, Maryland, is a medical device company focused on improving the treatment of kidney failure patients through innovative technology. The company's flagship product, PeritoneX, is designed to enhance home dialysis by reducing the risk of infection associated with peritoneal dialysis. This in-line connection device works by disinfecting all connection points in the dialysis system before treatment, thereby aiming to minimize the occurrence of peritonitis. Relavo's approach seeks to make home dialysis safer and more accessible for patients, ultimately improving their quality of life.
Pinkaloo Technologies
Non Equity Assistance in 2018
Pinkaloo Technologies, Inc. is a Baltimore-based company that specializes in a philanthropic engagement platform designed to modernize charitable giving. Founded in 2016, Pinkaloo offers a software-as-a-service solution that combines features of health savings accounts and digital payment systems, allowing users to manage their donations efficiently. The platform enables donors to budget for their giving, discover charities aligned with their interests, and donate to any charity at their convenience. Additionally, it centralizes tax receipts, streamlining the tax reporting process for users. By partnering with employers and financial institutions, Pinkaloo provides a turn-key solution that enhances employee and customer engagement, empowering them to contribute to philanthropy within their communities.
PYT Funds Inc - Pay Your Tuition
Non Equity Assistance in 2018
PYT Funds, Inc. is a financial services company that operates an online platform designed to connect families with banks, facilitating loans for students to cover college expenses. Founded in 2014 and headquartered in Washington, D.C., with additional offices in Wilmington, Delaware, Rockville, Maryland, and Richmond, Virginia, the company employs a hybrid financing model that integrates crowdfunding and traditional student loans. This innovative approach allows students and their families to secure funding through a strategic, cost-effective, and low-risk credit profile, making it easier to finance higher education. The GO PYT platform aims to disrupt conventional financing methods by leveraging technology to enhance accessibility to educational funding.
PathoVax
Grant in 2016
PathoVax LLC is a biotechnology company based in Baltimore, Maryland, founded in 2014. It focuses on the development of RGVax, an innovative vaccine designed to protect against human papillomavirus (HPV). RGVax is notable for being the first low-cost HPV vaccine that targets all clinically relevant types, including all 15 oncogenic strains and additional skin HPV types. This broad-spectrum approach addresses the limitations of existing vaccines, which primarily focus on a limited number of cancer-causing strains and often face low uptake due to incomplete coverage and associated social stigma. Established animal studies have demonstrated the protective efficacy of RGVax, positioning it as a suitable childhood vaccine and offering the potential for significant early market entry in a segment that could see higher acceptance and usage rates.
ARMR Systems
Grant in 2015
ARMR Systems LLC, based in Baltimore, Maryland, specializes in the development of wearable hemorrhage control systems aimed at enhancing the survivability of traumatic injuries in battlefield scenarios where immediate medical support is unavailable. Founded in 2014, the company offers standalone products and integrated solutions that provide combat medics and field personnel with effective trauma care capabilities. Its systems include an ergonomically designed harness combined with a tourniquet-style device that delivers rapid compression to critical areas of the body, helping to restrict blood loss during emergencies. ARMR Systems emphasizes collaboration across various institutions and employs a multi-disciplinary team to ensure diverse perspectives are considered in their innovative approach to trauma care technology.
Encore Alert
Seed Round in 2015
Encore Alert is a social media analytics platform designed to assist marketers by providing timely alerts and actionable recommendations based on social data opportunities. The tool enables digital marketers to respond effectively to relevant social media activities, enhancing their engagement strategies. It is utilized daily by mid-market brands, including NASA, WeddingWire, Georgetown University, and the Consumer Electronics Association. Encore Alert focuses on helping enterprise brands and advertisers collect, curate, and amplify customer-generated marketing content. The company is currently in the process of raising a seed round of funding from notable investors in the tech and marketing sectors.
Encore Alert
Non Equity Assistance in 2015
Encore Alert is a social media analytics platform designed to assist marketers by providing timely alerts and actionable recommendations based on social data opportunities. The tool enables digital marketers to respond effectively to relevant social media activities, enhancing their engagement strategies. It is utilized daily by mid-market brands, including NASA, WeddingWire, Georgetown University, and the Consumer Electronics Association. Encore Alert focuses on helping enterprise brands and advertisers collect, curate, and amplify customer-generated marketing content. The company is currently in the process of raising a seed round of funding from notable investors in the tech and marketing sectors.
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