About Masscec
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 Jul 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 63 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
Sectors of Investment
Stages of Investment
Grant (prize money), Seed & 2 more
Locations of Investment
Masscec's List of Top Investments
Masscec has a portfolio of 64 companies. Their most notable investments are in WeSpire and EnergySage.Their portfolio spans across United States, Scotland and United Kingdom. They have invested in Environment Tech, Energy Tech, Enterprise Applications 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: 2,455 as on May 31, 2026
- Investors: Glen Capital, Activate 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: 37 as on May 31, 2026
- Investors: Elemental, SE Ventures 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: 393 as on May 31, 2026
- Investors: Cowen, Summit Partners and 25 Others
- Latest Funding Round: Series D, Aug 09, 2022, $*****
- Highlight: Editors' Pick
4. Raptor Maps
Provider of solar asset management platform using aerial and sensor data. The platform analyzes images to conduct root cause analysis and direct operations and maintenance efforts. The platform digitally reconstructs solar plants in a map-based interface enriched with data. Autonomous drones investigate site conditions and equipment, automating visual investigations. A mobile application allows technicians to access remediation context, even offline.
Key facts about Raptor Maps
- Founded Year: 2015
- Location: Cambridge (United States)
- Stage: Series C
- Total Funding till date: $62.2M
- Employee Count: 64 as on Dec 31, 2023
- Investors: Clean Energy Venture Group, Struck Capital and 18 Others
- Latest Funding Round: Series C, Dec 10, 2024, $*****
- Highlight: Editors' Pick

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: $65.2M
- Employee Count: 60 as on Mar 31, 2026
- Investors: MassMutual, Clean Energy Ventures and 18 Others
- Latest Funding Round: Series B, Apr 24, 2026, $*****
- Highlight: Editors' Pick
Masscec's Year-on-Year Investment Trends
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.Year | No. of Investments | ||
|---|---|---|---|
1st 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 |
Masscec's Investments by Stage
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.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
Masscec's Investments by Sector
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.Sector | No. of Investments |
|---|---|
Sustainability Tech | 36 |
Environment Tech | 31 |
Energy Tech | 27 |
High Tech | 17 |
Enterprise Applications | 16 |
Others | 73 |
Note: We have considered here, only first round of investments
Masscec's Investments by Geography
Masscec has made most investments in United States (61), followed by Scotland where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 61 |
Scotland | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Masscec's recent investments
Masscec has made 1 investments in 2026 so far - Via Separations.Here are the most recent investments by Masscec:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 01, 2026 | United States | Series B | 1753 | [+5] | |
Nov 20, 2025 | United States | Seed | 1315 | [+1] | |
Mar 19, 2025 | United States | Seed | 1157 | ||
Dec 16, 2024 | United States | Seed | 4602 | [+2] | |
Aug 07, 2024 | United States | Seed | 3664 | [+5] |
Acquired companies in Masscec's Portfolio
10 companies from Masscec's portfolio have been acquired. The most recent acquisition was Solstice in Feb 2026 by Perch Energy for $*****.Here are Masscec's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 19, 2026 | Oct 13, 2020 | Seed | 6345 | |
Jun 14, 2024 | May 19, 2021 | Seed | 9173 | |
Feb 09, 2024 | Sep 18, 2020 | Grant (prize money) | 6236 | |
Jun 01, 2023 | Oct 13, 2020 | Series B | 1077 | |
Nov 02, 2022 | Feb 02, 2017 | Series A | 1507 |
Team profile of Masscec
Masscec has a team of 63 members including 16 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 |
|---|---|---|---|---|
Partner | Cambridge | - | ||
Partner | Boston | - | - | |
Partner | - | - | - | |
Partner | Cambridge | - | ||
Partner | Boston | - | ||
Partner | Milton | - | ||
Partner | Boston | - | ||
Partner | Boston | - | ||
Partner | Boston | - | ||
Partner | Boston | - | ||
Partner | United States | - |
Co-investors of Masscec
Over the past 16 years, 291 investors have co-invested in Masscec's portfolio companies. This includes funds and angels.
- Invested before Masscec: National Science Foundation, MassChallenge and 108 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 MTTC (2 companies).
- Invested after Masscec: A total of 119 investors have invested in Masscec's portfolio after their investments. Top Investors include OSTI (7 companies) and National Science Foundation (4 companies).
Recent News related to Masscec
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Via Separations Raises $36M in New FundingFinSMEs•Apr 01, 2026•Climate Investment, Via Separations, Aramco Ventures, Grantham Foundation and 6 others
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EQORE Raises $1.7 Million to Tackle Soaring Electricity Costs with Distributed Battery Energy Storageintelligence360•Dec 18, 2025•EQORE, Masscec
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SparkCharge, MassCEC, and Zipcar Launch Off-Grid EV Charging Hub in MassachusettsGlobeNewswire•Dec 03, 2025•Masscec, SparkCharge, Zipcar
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Massachusetts awards $11.3 million to advance ocean technology innovationRenewable Energy Magazine•Oct 03, 2025•Masscec
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BlueShift Raises $2.1M in Pre-Seed FundingFinSMEs•Mar 19, 2025•Blueshift, ConocoPhillips, Ridgeline, Masscec and 1 other
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Masscec Launches Plan To Make Massachusetts The Global Leader In ClimatetechRenewable Energy Magazine•Feb 21, 2025•Masscec