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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
Portfolio Companies
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:

Key facts about Enel X

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
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

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

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.
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
Breakdown of Masscec's investments by stage of entryGrant (prize money) (31)Seed (18)
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.
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
73
Breakdown of Masscec's investments by sectorsSustainability Tech (36)Environment Tech (31)
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.
Here are Masscec's investments by geography:
Country
No. of Investments
United States
61
Scotland
1
United Kingdom
1
Breakdown of Masscec's investments by countriesUnited States (61)Scotland (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
Nov 20, 2025
United States
Seed
1315
Mar 19, 2025
United States
Seed
1157
Dec 16, 2024
United States
Seed
4602
Aug 07, 2024
United States
Seed
3664

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 MasscecNational 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 Masscec62 investors entered a company along with Masscec. These include investors like MTTC (2 companies).
  • Invested after MasscecA 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).

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