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 Compliance

Lineaje

Series A in 2024
Lineaje specializes in addressing critical security challenges in the Software Supply Chain faced by organizations involved in software development, usage, or distribution. The company offers a comprehensive platform that ensures software integrity throughout its lifecycle, from creation to deployment.

Capitis Solutions

Non Equity Assistance in 2024
Capitis Solutions is an information technology consulting company based in Maryland that specializes in delivering effective IT solutions tailored to client needs. As a small disadvantaged business, it focuses on providing expertise in application security compliance, cloud-native solutions, and IoT analytics. The company is adept at implementing modern technologies, including microservices for both new and existing applications, while also offering services such as automated compliance scans, continuous monitoring, and legacy system modernization. Capitis Solutions has established partnerships with prominent cloud providers, enhancing its ability to deliver reliable and cost-effective services based on industry best practices.

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.

USEncryption

Non Equity Assistance in 2023
USEncryption specializes in Privacy-Enhancing Technology, allowing confidential data sharing while maintaining privacy and security. Its patented technology enables processing encrypted data, facilitating insights extraction without decrypting first. This benefits industries like finance, healthcare, AI, and advertising by unlocking valuable insights from sensitive data while ensuring compliance with privacy standards.

Blockpliance

Pre Seed Round in 2022
Blockpliance is a technology company that specializes in blockchain analytics. It provides a platform designed to assist compliance teams in financial institutions to safely engage with crypto-derived assets. The platform assigns risk scores to crypto wallets based on their behavior, using a proprietary algorithm that analyzes transactions for potential criminal activities such as money laundering, human trafficking, terrorist financing, ransomware, and scams. This enables banks to make informed decisions and meet regulatory requirements while interacting with the crypto ecosystem.

Datia

Non Equity Assistance in 2021
Datia is a data platform focused on sustainable finance, partnering with innovative financial institutions to streamline their Environmental, Social, and Governance (ESG) workflows. The platform enables clients to efficiently collect and analyze ESG data, assess their portfolios, and model ESG preferences. Additionally, Datia automates reporting in accordance with regulatory frameworks such as the Sustainable Finance Disclosure Regulation and the EU Taxonomy. By providing insights into the impact of investments on climate and society—through metrics like carbon emissions, water usage, and gender equality—Datia empowers users to make informed, value-based investment decisions that align with their sustainability goals while seeking financial returns.

Nymiz

Non Equity Assistance in 2021
Nymiz is a company that specializes in data protection and compliance with GDPR regulations through the development of artificial intelligence-based software. Its platform technology is designed to automatically identify personal data within unstructured files and offers various methods for anonymization, including reversible and irreversible options. This capability allows clients to tailor their data protection processes according to specific needs, enhancing the security and compliance of their data management practices. By providing definitive solutions for data anonymization, Nymiz aims to help organizations navigate the complexities of data privacy and protection effectively.

Benekiva

Non Equity Assistance in 2021
Benekiva is a technology company focused on enhancing the life insurance industry through its innovative cloud-based platform. Designed to address specific challenges within the life and annuity sectors, Benekiva offers a comprehensive solution for proactive beneficiary management and claims processing. Its platform, which is blockchain-backed, enables life insurance companies to automate documentation and payment processes, ensuring a secure and efficient digital claims experience. Additionally, Benekiva facilitates the management of policyholder and beneficiary information, allowing for timely updates and notifications. The platform also aids insurance providers in complying with unclaimed property and escheatment laws, while its data analytics capabilities turn claims processes into revenue-generating opportunities. By prioritizing a beneficiary-first approach, Benekiva aims to become the standard operating platform for insurance companies, enhancing customer experiences and operational efficiency.

Gig Wage

Non Equity Assistance in 2020
Founded in 2014, Gig Wage is a Dallas-based fintech company specializing in payroll solutions for gig workers and contractors. Its platform enables businesses to efficiently manage contractor payments and compliance while providing transparency to gig workers.

Compliance.ai

Non Equity Assistance in 2020
Compliance.ai is a technology company that modernizes compliance risk management for highly regulated industries. Its platform automates complex compliance processes, providing near-real-time regulatory updates to help teams reduce non-compliance risks and streamline workflows.

Access Informer

Non Equity Assistance in 2020
Access Informer is a software technology company that specializes in collecting, analyzing, and monitoring user authorizations across critical systems. Its reporting platform enhances visibility and control over authorizations across various applications, including SAP, Active Directory, SharePoint, and Network Share. By streamlining the process of periodic reviews, Access Informer enables clients to achieve greater compliance with minimal effort, thereby improving overall security and management of user access.

Chronically Capable

Non Equity Assistance in 2020
Chronically Capable is a talent marketplace that connects chronically ill and disabled job-seekers with employers offering flexible work arrangements. It aims to reduce disability unemployment by voluntarily disclosing illness, work history, and job preferences of candidates to potential employers.

SecurelyShare

Non Equity Assistance in 2020
SecurelyShare specializes in data security, privacy, and governance. Its patented platform, DSG Vault, embeds appropriate security measures, access controls, usage policies, consent, and constraints directly at the data level for both structured and unstructured data. This enables organizations to store, share, and process data while ensuring compliance with various regulatory policies and maintaining data privacy.

BCube Analytics

Non Equity Assistance in 2020
BCube Analytics offers a cloud-based platform for regulatory compliance, serving banking, finance, healthcare, and insurance sectors. It employs AI to facilitate real-time collaborative audits and compliance management.

Karuna Health

Non Equity Assistance in 2020
Karuna Health, Inc. is a healthcare technology company that specializes in developing a patient engagement and task management platform designed to improve communication between healthcare providers and patients. Founded in 2018 and headquartered in San Francisco, California, Karuna's platform automates essential patient care management tasks, enabling health guides to assist patients with appointment reminders, health status updates, and communication with care managers. It offers a comprehensive suite of tools that facilitate scheduling, transportation organization, and the secure exchange of information, all while ensuring compliance with HIPAA regulations. By integrating workflow and automation, Karuna Health aims to enhance the patient experience and streamline interactions among patients, their families, and healthcare teams.

Mocingbird

Non Equity Assistance in 2020
Mocingbird is a provider of a continuing medical education management platform for administrators and clinicians. The platform automates the management of certifications and medical qualification requirements needed to maintain professional licenses, enabling users to understand, track, document, and submit education requirements. It supports uploading CME certificates and automatically tracks licenses, board certifications, and other expiring credentials against due dates. Individualized credential dashboards give clinicians and administrators visibility and control over all license requirements and deadlines, while state mandated course roadmaps simplify the search for applicable CME. By handling the busy work of credential management, Mocingbird helps medical professionals and institutions stay compliant and focus on clinical care.

Otrafy

Non Equity Assistance in 2020
Otrafy is a Quality Management Software company that specializes in optimizing vendor relationships for quality assurance departments, particularly within the food production sector. The company offers a blockchain-powered platform that enhances compliance and reduces operational risks in the supply chain. By addressing critical challenges such as certification, compliance management, production efficiency, food safety, disease prevention, and authenticity, Otrafy enables farmers to effectively communicate the history of their products from the farm to the store. This innovative approach helps food production facilities meet regulatory requirements more swiftly by automating mundane tasks and minimizing low-value activities.

Alkymi

Non Equity Assistance in 2020
Alkymi develops an AI-powered platform that automates the processing of unstructured investment data. Its solution transforms financial documents like capital calls and brokerage statements into standardized datasets, enabling financial services professionals to accelerate deal reviews, serve more clients, and respond swiftly to market changes.

Benekiva

Non Equity Assistance in 2019
Benekiva is a technology company focused on enhancing the life insurance industry through its innovative cloud-based platform. Designed to address specific challenges within the life and annuity sectors, Benekiva offers a comprehensive solution for proactive beneficiary management and claims processing. Its platform, which is blockchain-backed, enables life insurance companies to automate documentation and payment processes, ensuring a secure and efficient digital claims experience. Additionally, Benekiva facilitates the management of policyholder and beneficiary information, allowing for timely updates and notifications. The platform also aids insurance providers in complying with unclaimed property and escheatment laws, while its data analytics capabilities turn claims processes into revenue-generating opportunities. By prioritizing a beneficiary-first approach, Benekiva aims to become the standard operating platform for insurance companies, enhancing customer experiences and operational efficiency.

Stratyfy

Non Equity Assistance in 2019
Stratyfy is an AI-driven software company that provides predictive-model development and decision-optimization solutions for financial institutions. Its platform enables institutions to develop predictive models and make decisions within highly regulated environments by combining institutional expertise with data tools, and it emphasizes transparent, explainable AI to deliver machine-learning accuracy without black-box concerns. The solutions support credit risk assessment for lenders and insurance fraud detection, with a focus on reducing operational and economic risk through human-centered analytics and algorithmic fairness, allowing evaluation of predictions and decisions from multiple angles. Stratyfy was founded in 2017 and is based in New York, with research and development operations in Israel and Germany.

Karuna Health

Non Equity Assistance in 2019
Karuna Health, Inc. is a healthcare technology company that specializes in developing a patient engagement and task management platform designed to improve communication between healthcare providers and patients. Founded in 2018 and headquartered in San Francisco, California, Karuna's platform automates essential patient care management tasks, enabling health guides to assist patients with appointment reminders, health status updates, and communication with care managers. It offers a comprehensive suite of tools that facilitate scheduling, transportation organization, and the secure exchange of information, all while ensuring compliance with HIPAA regulations. By integrating workflow and automation, Karuna Health aims to enhance the patient experience and streamline interactions among patients, their families, and healthcare teams.

Qwally

Non Equity Assistance in 2019
Qwally is a cloud-based software platform designed to support local governments in their contracting and regulatory processes. The platform enables cities to provide effective and integrated assistance to small businesses, facilitating purchases from local vendors while promoting inclusive procurement programs. Qwally simplifies complex compliance requirements, allowing small businesses to navigate regulatory tasks with ease. By focusing on enhancing local economic development, Qwally aims to strengthen the connection between municipalities and their small business communities.

Fincura

Non Equity Assistance in 2018
Fincura is a Boston‑based software company founded in 2017 that builds an AI‑enabled cloud platform for financial institutions. The platform ingests unstructured financial statements and spreadsheets, extracts every line item, and delivers unified, transparent data that can be accessed across teams. It offers automated financial analysis, covenant monitoring, compliance tracking, and loan‑spreading tools, enabling lenders to make faster, data‑driven decisions. The solution is designed for easy integration with existing systems and can be deployed in days, giving firms a flexible, customizable tool to streamline commercial‑loan management and improve operational efficiency.

BlueTrace

Non Equity Assistance in 2018
BlueTrace develops tagging, traceability and compliance technology for the seafood industry, focusing on shellfish growers, harvesters, wholesalers, distributors and dealers of all sizes. Its platform enables accurate traceability, regulatory compliance and inventory management, helping organizations meet customer demands, optimize operations and reduce labor costs.

CityGrows (ClearGov ClearForms)

Non Equity Assistance in 2018
CityGrows, Inc. is a company that offers a self-service cloud platform designed to help government organizations digitize their processes and workflows. Established in 2015 and headquartered in Erie, Pennsylvania, CityGrows provides process management software utilized by cities, towns, and counties for various administrative tasks, including business licenses, fictitious business name registrations, and event permits. The platform aims to streamline the transition from traditional paper-based systems to digital solutions, enhancing the experience for both constituents and government employees. By improving public access to information and simplifying interactions with local government services, CityGrows provides an efficient and user-friendly alternative to more complex and costly solutions typically employed by governmental entities.

Stithi

Non Equity Assistance in 2018
Stithi Innovation is a healthcare company that focuses on enhancing medication compliance for patients on long-term medication regimens. It has developed a medical device that dispenses pills and monitors daily dosages over extended periods. By integrating real-time monitoring services and built-in cellular connections, Stithi's devices facilitate remote tracking of medication adherence by both healthcare providers and patients. This innovative approach aims to improve patient outcomes by ensuring that individuals adhere to their prescribed treatment plans.

Needslist

Grant in 2017
Needslist is a global platform connecting donors with NGOs for efficient humanitarian aid. It identifies urgent needs, uses local suppliers for quick delivery, and allows real-time tracking of impact metrics. Revenue is generated through commissions from affiliate suppliers and enterprise users.

Conweigh

Grant in 2017
Conweigh is a mobile freight container weighing service located in Northgate, Queensland. The company specializes in providing a comprehensive solution for container and heavy machinery weighing, ensuring compliance with the Global IMO/SOLAS Container Weight Verification (VGM) legislation. Conweigh delivers verified gross mass certificates directly to shippers upon request, streamlining the process of obtaining weight declaration certificates. This service allows clients to meet regulatory requirements efficiently, facilitating smoother logistics and shipping operations.

CoVi Analytics

Grant in 2016
CoVi Analytics is a company that specializes in developing productivity solutions aimed at enhancing operational efficiency through the integration of operational data and big-data technologies. Its regulatory compliance platform is designed to assist compliance teams, consultants, and regulators in navigating and managing complex regulatory requirements. The platform enables insurers to capture their interpretations of regulatory texts, manage and document compliance activities, and produce necessary reports for regulatory supervisors. By streamlining these processes, CoVi Analytics helps organizations reduce compliance costs and improve the speed of business decision-making.

Protagoras

Grant in 2016
Protagoras is a digital solution for financial advisors. It offers unique risk profiling and country-specific tax functionality, addressing each investor’s specific situation and preferences. Their interactive, data-driven, algorithmic approach radically improves the understanding of client investment preferences and automates compliance with upcoming regulations. Protagoras solves massive risk, tax, and compliance issues for financial advisors by providing the most precise investor profiling platform.

Coconut

Grant in 2016
Coconut is an innovative tax and accounting software designed for sole traders, landlords, and their accountants. As the UK prepares for "Making Tax Digital for Income Tax," which will require over four million taxpayers to submit five tax returns annually starting in 2024, Coconut aims to simplify financial management. The platform automatically categorizes tax-deductible business transactions, provides guidance on tax regulations, tracks income, and facilitates invoice generation. It also enables users to split expenses and calculates real-time tax liabilities, allowing self-employed individuals and clients to efficiently manage their financial affairs and improve liquidity.

Aparito

Grant in 2016
Aparito Limited is a health technology company based in Wrexham, United Kingdom, focused on digitizing clinical trials and enhancing drug development processes. Established in 2014, the company develops mobile applications and wearable devices that facilitate real-time patient monitoring outside of traditional healthcare settings. Its Atom5™ platform supports patient-centric clinical trials by capturing frequent patient-generated data through various methods, including video eCOAs, ePROs, wearables, and telemedicine. This innovative approach allows for continuous data collection, improving understanding of diseases and clinical trial outcomes while ensuring compliance with relevant regulations. By enabling patients and their caregivers to participate in research from home, Aparito aims to improve patient outcomes and streamline the drug development process.

Cognigo

Seed Round in 2016
Cognigo Inc. is a cybersecurity company specializing in enterprise data security services, founded in 2016 and based in Jersey City, New Jersey, with a research and development center in Tel Aviv, Israel. Its flagship product, DataSense, leverages artificial intelligence and machine learning to monitor, classify, and protect sensitive data across various platforms, including cloud environments and on-premises networks. DataSense provides insights into data vulnerabilities and ensures compliance with regulations such as GDPR by enforcing security policies and facilitating real-time responses to internal and external threats. The platform also offers features such as agent-less visualizations of sensitive data assets, access auditing, and document mapping, thereby supporting organizations in maintaining data security and demonstrating compliance effectively.

Cognigo

Non Equity Assistance in 2016
Cognigo Inc. is a cybersecurity company specializing in enterprise data security services, founded in 2016 and based in Jersey City, New Jersey, with a research and development center in Tel Aviv, Israel. Its flagship product, DataSense, leverages artificial intelligence and machine learning to monitor, classify, and protect sensitive data across various platforms, including cloud environments and on-premises networks. DataSense provides insights into data vulnerabilities and ensures compliance with regulations such as GDPR by enforcing security policies and facilitating real-time responses to internal and external threats. The platform also offers features such as agent-less visualizations of sensitive data assets, access auditing, and document mapping, thereby supporting organizations in maintaining data security and demonstrating compliance effectively.

Smart Validation Service

Grant in 2015
Dry foods, such as nuts and cereals, have been associated with recalls costing up to $ 30 Mio per incident, caused by bacteria contamination. Processors are now required to prove they reduce harmful bacteria during their process which involves tedious procedures. They offer a process monitoring service which reduces the risk of recalls, ensures regulatory compliance, gives real-time overview of bacteria reduction and unlock the saving potential of minimum $ 100 K/line/year.

iAgree

Grant in 2012
iAgree is a company focused on transforming the legal landscape by offering an innovative online platform designed to streamline the resolution of legal disputes. Their system enables clients to efficiently manage disputes through mobile video applications, allowing for the rapid and formal documentation of verbal agreements. The platform facilitates easy initiation and management of dispute resolution, fostering collaboration and secure information sharing among relevant parties. By connecting users with qualified mediators and arbitrators, iAgree aims to save time and resources while ensuring fair outcomes in legal matters. The company is currently bootstrapping its operations to further develop its unique offerings in the legal advisory space.

docTrackr

Seed Round in 2012
docTrackr is a company that specializes in digital document management, offering businesses solutions to maintain control over their sensitive documents after they have been shared. Its technology allows organizations to remotely manage documents by updating, destroying, and tracking usage in real-time, ensuring complete visibility into how documents are accessed and utilized. The platform features an easy-to-use dashboard that enhances document intelligence and control, complementing existing document management systems such as Dropbox and Google Drive. By providing robust security measures, including document encryption, docTrackr helps enterprises safeguard their information regardless of where it is stored or with whom it is shared. The company has operations in Boston, Paris, and Bucharest, and gained recognition as a participant in a leading startup accelerator before being acquired by Intralinks.com.

Sproxil

Venture Round in 2011
Sproxil, Inc. is an information technology company based in Cambridge, Massachusetts, that specializes in product protection and consumer engagement solutions. Founded in 2008, the company provides a range of services including Sproxil Champion, a consumer rewards system that allows brands to offer rewards; Sproxil Defender, a product verification solution enabling consumers to authenticate products via mobile devices; and Sproxil Informer, a track and trace system for monitoring supply chains. Sproxil's solutions cater to various sectors, including beauty and personal care, fast-moving consumer goods, electronics, automotive, oil and gas, pharmaceuticals, and agribusiness. The company utilizes mobile technology to enhance brand protection, combat counterfeiting, and foster consumer loyalty while ensuring the integrity of supply chains.

3Play Media

Grant in 2010
3Play Media, Inc. is a Boston-based company that specializes in video accessibility services, offering a comprehensive suite of solutions including video captioning, transcription, audio description, subtitling, and translation services. Founded in 2007, the company aims to enhance the accessibility of web video content across various sectors such as online video, entertainment, education, corporate training, market research, and government, as well as serving churches and religious broadcasters. By combining advanced technology with human expertise, 3Play Media ensures high-quality services that are delivered with fast turnaround times, leveraging natural language processing and machine learning to achieve accuracy at scale.
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