MassChallenge

MassChallenge is a global startup accelerator supporting early-stage entrepreneurs across various industries. Founded in 2009, it provides mentorship, resources, and networking opportunities through its programs worldwide.

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 Aviation

Aviation Battery Systems

Non Equity Assistance in 2024
Aviation Battery Systems LLC designs and manufactures Lithium based energy storage solutions for aviation, located in Chandler, AZ.

Skyline Nav AI

Non Equity Assistance in 2024
Skyline Nav AI is a technology company specializing in navigation solutions for both military and non-military users in environments where GPS is degraded or spoofed. The company develops software that employs advanced visualization techniques to serve as an alternative to traditional GPS technology. This innovative approach allows users to effectively detect and track key landmarks and moving objects across various domains, including land, air, sea, and space, ensuring reliable navigation even in challenging conditions.

Solumar

Non Equity Assistance in 2024
Solumar is a company focused on developing advanced air and gas filtering technologies aimed at significantly reducing emissions in heavy industries. By employing innovative methods that utilize seawater and principles derived from aviation, Solumar's solutions effectively capture black carbon and greenhouse gas emissions. The company targets various sectors, including city councils, industrial operations, maritime activities, and oil and gas companies, assisting them in complying with environmental regulations and the goals set forth in the Agenda 2050 for emission reductions. Solumar's approach not only promotes sustainability but also offers clients a cost-effective means of achieving their emissions reduction targets.

Skyline Nav AI

Non Equity Assistance in 2023
Skyline Nav AI is a technology company specializing in navigation solutions for both military and non-military users in environments where GPS is degraded or spoofed. The company develops software that employs advanced visualization techniques to serve as an alternative to traditional GPS technology. This innovative approach allows users to effectively detect and track key landmarks and moving objects across various domains, including land, air, sea, and space, ensuring reliable navigation even in challenging conditions.

AEROSENS

Non Equity Assistance in 2021
AEROSENS LLC is a company based in Hollywood, Florida, specializing in cloud-based cabin management software for the aviation industry. Its flagship product, the Aircraft Cabin Management Solution, is a certified and patent-pending platform that offers pre-flight and real-time visibility into the status of critical safety and security equipment on aircraft. This solution enhances operational efficiency and helps airlines reduce costs. Additionally, AEROSENS provides a Tool Management Solution for the manufacturing sector, which facilitates real-time tracking of tools. The company also offers a range of services, including business consulting, benchmarking, training, and cabin retrofit services, further supporting the aviation and manufacturing industries in optimizing their operations.

Flyworks

Non Equity Assistance in 2021
Founded in 2019, Flyworks develops innovative hybrid propulsion drones. Their patent-pending technology combines internal combustion engine power for extended flight duration with electric drive for maneuvering, enabling significant payload capacity while maintaining safety and cost-efficiency.

Inxelo Technologies

Non Equity Assistance in 2020
Inxelo Technologies specializes in aviation safety and quality management software, aimed at enhancing operational efficiency for air operators. The company develops web and mobile applications that comply with contemporary regulatory standards, including ICAO safety management guidelines. Its software enables airlines, airports, and air traffic control to effectively manage safety and quality data, thereby improving overall operational quality. By providing a comprehensive solution for the aviation industry, Inxelo Technologies supports its clients in maintaining high safety and quality standards in their operations.

Cloudline

Seed Round in 2019
Cloudline specializes in emissions-free aviation using lighter-than-air technology and solar power. It offers logistics services, including drone deliveries of large payloads, goods transportation, data gathering, maintenance inspections, and surveillance. The company connects isolated communities to global supply chains, benefiting remote areas such as rural villages, island nations, and disaster-stricken regions.

AirAdvisor

Non Equity Assistance in 2019
AirAdvisor is a service designed to help passengers claim flight compensation for air travel delays, flight cancellations, overbooking / denied boarding. We know flight disruptions happen and AirAdvisor is here to help passengers get compensation easy and absolutely free. Passengers may check eligibility and instantly submit a claim for compensation up to $670 in 3 mins. We work based on a success fee of 25%, which is cheaper than the competition and allow customers to submit claims risk-free. Problems covered: delayed flight by 3 hours+ and canceled flights, denied boarding/overbooking, and missed connections for the last 3-6 years. Also, compensation for lost or delayed baggage. Air Advisor has offices in Providence, RI (Greater Boston area), and Krakow, Poland, and Kyiv, Ukraine. Air Advisor does not charge any upfront payment and takes all risk working based on a No-Win No-Fee basis that means no risk for clients. The company gets its commission out of the compensation successfully collected for its clients. Flight compensation regulation started in the EU and now extends to the US, Russia, Turkey, Middle East, India, and other countries.

SpotRates

Non Equity Assistance in 2019
SpotRates is a cloud solution specifically designed for air cargo where stakeholders are connected within the same digital working environment. SpotRates provides airlines, freight forwarders and shippers with a real-time pricing platform including powerful tools to communicate and negotiate ad hoc and contract rates efficiently in a single safe marketplace running 24h a day, 365 day a year. SpotRates is all about air cargo rates in just one place, enabling superior revenue management as well as easy access to data and full control over sales strategies.

Flyla

Non Equity Assistance in 2018
FLYLA GmbH, founded in 2018 and based in Munich, Germany, specializes in providing online booking solutions tailored for students and young travelers. The company connects with airlines to establish student fares, which serve as a revenue management tool, and distributes these fares to its expanding network of enrolled university students. By simplifying travel arrangements through its online booking software, FLYLA enables users to access discounted travel deals, facilitating bookings by allowing the submission of travel details and online payments. This approach addresses the financial constraints many students face in affording air travel, thereby promoting greater access to travel opportunities for the youth.

Inflight VR Software GmbH

Seed Round in 2017
Inflight VR Software GmbH, founded in 2014 and based in Munich, Germany, specializes in developing virtual reality ecosystems tailored for the inflight entertainment sector. In the wake of the Covid-19 pandemic, airlines face significant challenges and are seeking innovative revenue streams while enhancing passenger satisfaction. The Inflight VR entertainment system offers airlines a way to monetize their services through pay-per-view, advertising, and eCommerce, while providing passengers with an immersive and engaging experience. The technology captures the full attention of travelers, significantly improving their overall journey. Notable clients, including Qatar Airways and Singapore Airlines, demonstrate the system's market viability, with average passenger engagement exceeding 80 minutes and a satisfaction rate above 90%. Each passenger utilizing the Inflight VR system has the potential to generate over €7 in revenue, addressing the substantial demand within the travel industry for enhanced inflight experiences.

Inflight VR Software GmbH

Non Equity Assistance in 2017
Inflight VR Software GmbH, founded in 2014 and based in Munich, Germany, specializes in developing virtual reality ecosystems tailored for the inflight entertainment sector. In the wake of the Covid-19 pandemic, airlines face significant challenges and are seeking innovative revenue streams while enhancing passenger satisfaction. The Inflight VR entertainment system offers airlines a way to monetize their services through pay-per-view, advertising, and eCommerce, while providing passengers with an immersive and engaging experience. The technology captures the full attention of travelers, significantly improving their overall journey. Notable clients, including Qatar Airways and Singapore Airlines, demonstrate the system's market viability, with average passenger engagement exceeding 80 minutes and a satisfaction rate above 90%. Each passenger utilizing the Inflight VR system has the potential to generate over €7 in revenue, addressing the substantial demand within the travel industry for enhanced inflight experiences.

Hive Maritime

Grant in 2016
Hive Maritime specializes in optimizing maritime operations through advanced predictive analytics and machine learning technology. The company offers a predictive analysis platform that forecasts traffic in ports and canals weeks in advance, allowing ship owners and operators to optimize routes and speeds. This innovative approach aims to reduce operational costs significantly, with estimates suggesting savings of over $26 billion in expenses. By enhancing route profitability and improving cargo arrival predictions, Hive Maritime enables charterers and brokers to make informed decisions, ultimately enhancing supply chain efficiency. Their solutions also help minimize fuel consumption, reduce machinery failures, and prevent contractual late fees, contributing directly to financial improvements for carriers in the maritime shipping industry.

Satavia

Non Equity Assistance in 2016
Satavia is a developer of a cloud-based data analytics platform aimed at enhancing efficiency in the aviation sector. The company's technology integrates numerical weather prediction, earth observation, and real-time aircraft tracking for maintenance and flight planning. This comprehensive approach enables aviation companies to improve the safety and reliability of their flight operations while minimizing unexpected maintenance costs. By leveraging artificial intelligence and data analytics, Satavia seeks to reduce operational costs, enhance profitability, and promote sustainability within the aviation industry.

AirPooler

Grant in 2014
AirPooler is an innovative marketplace that addresses the challenges of air travel by connecting pilots of light aircraft with extra seats to passengers seeking affordable flights. The platform allows pilots to list their flights, enabling travelers to arrange shared flights in exchange for covering a portion of the operating costs. This service democratizes access to air travel, providing a level of convenience and mobility that was previously limited to a select few, all at a fraction of traditional private air travel costs. By leveraging technology to estimate trip costs and passenger shares while ensuring compliance with regulatory requirements, AirPooler simplifies the logistics of flight-sharing. This approach not only helps reduce the number of unoccupied seats but also offers a cost-effective solution for users, making air travel more accessible and efficient.

LiquiGlide

Grant in 2012
LiquiGlide Inc., founded in 2012 and based in Cambridge, Massachusetts, specializes in the development of innovative liquid-impregnated coatings designed to facilitate the effortless movement of viscous liquids. As a pioneer in creating permanently wet slippery surfaces, LiquiGlide provides unique solutions that enhance the flow of liquids across various industries, including manufacturing, oil and gas, aviation, utilities, and food and beverage. The company's technology addresses the common challenges associated with moving thick liquids, offering a durable alternative that is unmatched in the market. LiquiGlide's products are utilized in diverse applications, ranging from health and beauty to household goods, making it a versatile player in the coatings industry.

AirVentions

Grant in 2011
AirVentions develops technology that offers practical, cost saving solutions for the transportation and aviation industries. Their lead products focus on collision avoidance systems for airport support equipment. They address problems that cause damage to aircraft which oftentimes lead to delays, cancellations and other costly inefficiencies. While training for a ramp agent position, Spencer Irvine learned about the costly nature of seemingly avoidable collisions that occur on the airport ramp between parked aircraft and ground support vehicles. Observing that the industry had very little technological innovation in this area, he then designed a collision avoidance system and AirVentions Inc.

Made in the Commonwe

Grant in 2011
Made In the Commonwealth (MitC) will produce renewable jet fuel for the Commonwealth of Massachusetts. Using waste greases and animal fats, we will create 100% renewable, 100% fungible fuel that meets all standards and replaces imported petroleum-based products. Their plan includes appropriate and novel uses of existing infrastructure and established technology from MIT labs. We garnered support from State and local officials. If you care about the environment and the future, support MitC.

jumpFare

Grant in 2010
jumpFare is user-friendly, a transparent, risk-free way to land steep discounts on flights departing in a week or less a time frame where flying is typically cost-prohibitive. For airlines jumpFare is profitable yet pro-consumer: a real-time auction system generating queues of passengers ready to fill would-be empty seats. jumpFare matches airlines that have empty seats1 in every 5 seats flies emptywith opportunistic travelers looking for great deals on short-notice trips.
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