Where is Masscec's headquarters located?

Masscec's headquarters is located in Boston (United States).

How big is Masscec's investment team?

Masscec has a team of 83, including 17 partners.

How many companies has Masscec invested in?

Masscec has invested in 64 companies, including Enel X & Solstice.

Which companies has Masscec invested in lately?

Via Separations & EQORE are the latest investments by Masscec.

How many exits has Masscec been involved in?

Masscec's portfolio has seen 10 acquisitions.

Masscec - 2026 Investor Profile, Portfolio, Team & Investment Trends

Masscec, an accelerator and incubator program founded in 2008, is based in Boston, United States. With a presence in 3 countries, it has supported around 64 startups in sectors like Environment Tech, Energy Tech. As of Apr 2026, Masscec has witnessed 10 portfolio exits. Most notable companies in its portfolio include Enel X, Solstice and Bevi. The program is backed by a team of 83 people who primarily support Grant (prize money) startups based in United States. Its latest investment was a $36M Series B round in Via Separations on Apr 01, 2026, which also saw participation from Climate Investment and Aramco Ventures.

Key Metrics

Founded Year

2008

Location

Boston, United States

Portfolio Companies

Enel X, Solstice & 62 more

Sectors of Investment

Environment Tech, Energy Tech & 24 more

Stages of Investment

Grant (prize money), Seed & 2 more

Locations of Investment

United States, Scotland & 1 more

View Masscec's full profile

Masscec has a portfolio of 64 companies. Their most notable investments are in EnergySage and WeSpire.Their portfolio spans across United States, Scotland and United Kingdom. They have invested in Environment Tech, Energy Tech, High Tech and 23 other sectors, across stages such as Grant (prize money), Seed and 2 more. Here is the list of top investments by Masscec:

1. Enel X

Key facts about Enel X

Founded Year: 2001
Location: Boston (United States)
Stage: Acquired
Total Funding till date: $168M
Employee Count: 2,514 as on Jan 31, 2026
Investors: Activate Capital, Glen Capital and 9 Others
Latest Funding Round: Grant (prize money), Jan 01, 2021, $*****
Highlight: Acquired

2. Solstice

Community solar provider unlocking clean energy access and savings for all. This organization focuses on expanding access to solar energy through community solar gardens, enabling individuals and businesses to benefit from solar power without needing to install panels on their property. They connect subscribers to local solar projects, providing credits on their electricity bills based on the solar garden's production. This model promotes affordable, accessible, and responsible energy consumption, supporting a cleaner and more equitable energy grid. They offer a platform for individuals, households, developers, and businesses to participate in the clean energy transition, fostering a community-driven approach to sustainability. The organization emphasizes ease of enrollment, cost savings, and environmental impact, making solar energy accessible to a broader audience. They provide customer support, educational resources, and partnership opportunities to further their mission of equitable access to clean energy.

Key facts about Solstice

Founded Year: 2016
Location: Boston (United States)
Stage: Acquired
Total Funding till date: $7.44M
Employee Count: 47 as on Jul 01, 2024
Investors: Techstars, Elemental and 24 Others
Latest Funding Round: Seed, Jan 15, 2021, $*****
Highlight: Acquired

3. Bevi

Provider of smart water dispenser system provider. It offers a standalone & counter-top model which dispenses flavored water & normal water. The dispenser has a touch screen interface that helps customers to choose from a selection of water choices. It can be used in office locations. The dispensers are connected through the internet to monitor the system's functioning.

Key facts about Bevi

Founded Year: 2013
Location: Boston (United States)
Stage: Series D
Total Funding till date: $136M
Employee Count: 384 as on Mar 31, 2026
Investors: Zillionize, Cowen and 25 Others
Latest Funding Round: Series D, Aug 09, 2022, $*****
Highlight: Editors' Pick

4. EnergySage

Marketplace for solar installer. It is an online marketplace which compares different solar installers nearest to the consumer. The website offers free suite of educational, analytical, and shopping tools which include solar calculator and also facilitates solar loans.

Key facts about EnergySage

Founded Year: 2009
Location: Boston (United States)
Stage: Acquired
Total Funding till date: $6.37M
Employee Count: 99 as on Dec 31, 2022
Investors: Jere Doyle Enterprises, Clean Energy Venture Group and 9 Others
Latest Funding Round: Series A, Oct 13, 2020, $*****
Highlight: Acquired

5. Nth Cycle

Provider of electronics and li-ion battery recycling technology. The platform provides electro-extraction technology installed onsite to recover critical minerals from separated e-waste, low-grade ore, and mine tailings.

Key facts about Nth Cycle

Founded Year: 2017
Location: Knoxville (United States)
Stage: Series B
Total Funding till date: $59.7M
Employee Count: 13 as on Jul 01, 2024
Investors: MassMutual, Equinor and 17 Others
Latest Funding Round: Series B, Apr 05, 2023, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Masscec has invested in 64 companies over the last 16 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 2 investments, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in EQORE and most recent follow-on round was in Via Separations.

Here are Masscec's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	1	1
2025	2	0	2
2024	4	2	6
2023	4	0	4
2022	2	3	5
2021	11	2	13
2020	11	2	13
2019	3	0	3
2018	2	0	2
2017	2	1	3

View all investments by Masscec

Masscec has made 31 investments in Grant (prize money) stage with an average round size of $161K, 18 investments in Seed stage with an average round size of $2.62M, 11 investments in Series A stage with an average round size of $4.55M and 2 investments in Series B stage with an average round size of $200K.

Here are Masscec's investments by stage:

Stage of entry	No. of Investments
Grant (prize money)	31
Seed	18
Series A	11
Series B	2

Note: We have considered here, only first round of investments

View all investments by Masscec

Masscec has a diverse portfolio, with companies operating in the Sustainability Tech, Environment Tech, Energy Tech, High Tech and Enterprise Applications. Notably, it has invested in 48 Enterprise (B2B) companies, 45 Tech companies, 22 Software companies and at least 21 companies focusing on Tech hardware.

Here are Masscec's investments by sector:

Sector	No. of Investments
Sustainability Tech	36
Environment Tech	31
Energy Tech	27
High Tech	17
Enterprise Applications	16
Others	74

Note: We have considered here, only first round of investments

View all investments by Masscec

Masscec has made most investments in United States (61), followed by Scotland where it has made 1 investment.

Here are Masscec's investments by geography:

Country	No. of Investments
United States	61
Scotland	1
United Kingdom	1

Note: We have considered here, only first round of investments

View all investments by Masscec

Masscec has made 1 investments in 2026 so far - Via Separations.

Here are the most recent investments by Masscec:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Apr 01, 2026	Via Separations	United States	Series B	3569	Climate Investment [+5]
Nov 20, 2025	EQORE	United States	Seed	5735	Luke Merrow [+1]
Mar 19, 2025	Blueshift	United States	Seed	5114	Ridgeline
Dec 16, 2024	Triton Anchor	United States	Seed	5593	MWNW Consulting [+2]
Aug 07, 2024	Cala Systems	United States	Seed	6160	Burnt Island [+5]

See more recent investments made by Masscec

10 companies from Masscec's portfolio have been acquired. The most recent acquisition were Solstice in Feb 2026 by Perch Energy.

Here are Masscec's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Solstice	Feb 19, 2026	Oct 13, 2020	Seed	4999
Electra Vehicles	Jun 14, 2024	May 19, 2021	Seed	9178
Enel X	Feb 09, 2024	Sep 18, 2020	Grant (prize money)	8413
WeSpire	Jun 01, 2023	Oct 13, 2020	Series B	8014
Opti	Nov 02, 2022	Feb 02, 2017	Series A	8266

View all acquired companies in Masscec's portfolio

Masscec has a team of 83 members including 17 Partners and 39 Principals located in United States and Denmark. Masscec's team sits on the board of 1 company.

Here is a list of top team members in Masscec:

Name	Designation	Location	Board Memberships	Contact Details
Eric Paley	Partner	Cambridge	Crayon	-
Sven Karlsson	Partner	Boston	-	1 Email
Emily Reichert	Partner	Boston	-	-
Matthew Gorzkowicz	Partner	-	-	-
Jennifer Le Blond	Partner	Cambridge	-	1 Phone number
Brooke Barton	Partner	Boston	-	1 Phone number
Erica Hines	Partner	Milton	-	1 Phone number
Bruce K Carlisle	Partner	Boston	-	1 Phone number
Jim Stanislaski	Partner	Boston	-	1 Phone number
Cat Foley	Partner	Boston	-	1 Phone number
Leslie Nash	Partner	Boston	-	1 Phone number

View team details of Masscec

Over the past 16 years, 287 investors have co-invested in Masscec's portfolio companies. This includes funds and angels.

Invested before Masscec: National Science Foundation, MassChallenge and 106 others have invested in rounds before Masscec. There are 9 companies where National Science Foundation has invested before Masscec and 7 companies where MassChallenge has invested before Masscec.
Top Co-investors of Masscec: 62 investors entered a company along with Masscec. These include investors like Climate Capital (2 companies).
Invested after Masscec: A total of 117 investors have invested in Masscec's portfolio after their investments. Top Investors include National Science Foundation (4 companies) and OSTI (4 companies).