When was MassChallenge founded?

MassChallenge was founded in 2009.

Where is MassChallenge's headquarters located?

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

How big is MassChallenge's investment team?

MassChallenge has a team of 124, including 22 partners.

How many companies has MassChallenge invested in?

MassChallenge has invested in 2906 companies, including Bitso & Turo.

Which companies has MassChallenge invested in lately?

Ventra & Agrimercarb are the latest investments by MassChallenge.

How many exits has MassChallenge been involved in?

MassChallenge's portfolio has seen 17 IPOs and 207 acquisitions.

How many unicorns are there in MassChallenge's portfolio?

There are 6 unicorns in MassChallenge's portfolio.

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

MassChallenge, an accelerator and incubator program founded in 2009, is based in Boston, United States. With a presence in 73 countries, it has supported around 2,906 startups in sectors like Enterprise Applications, High Tech. As of Nov 2026, MassChallenge has 6 unicorns under its belt and has witnessed 224 portfolio exits. Most notable companies in its portfolio include Bitso, Turo and Spring Health. The program is backed by a team of 124 people who primarily support Grant (prize money) startups based in United States. Its latest investment was a Undisclosed Grant (prize money) round in Ventra on Jun 12, 2024.

Key Metrics

Founded Year

2009

Location

Boston, United States

Portfolio Companies

Bitso, Turo & 2904 more

Sectors of Investment

Enterprise Applications, High Tech & 41 more

Stages of Investment

Grant (prize money), Seed & 3 more

Locations of Investment

United States, Israel & 71 more

Unicorn in Portfolio

Farther, Ascend Elements & 4 more

View MassChallenge's full profile

MassChallenge has a portfolio of 2,906 companies, including 6 unicorns. Their most notable investments are in Dpicd and Hypnap.Their portfolio spans across United States, Israel, Switzerland and 70 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 40 other sectors, across stages such as Grant (prize money), Seed and 3 more. Here is the list of top investments by MassChallenge:

1. Bitso

Online trading and exchange platform for cryptocurrency. The platform enables users to buy and sell digital currencies through app-based and web platforms. It supports a wide range of digital currencies including Ripple, Bitcoin, Ether, XRP, Litecoin among others. It also provides market analysis charts and insights as a reference to the trader. The app is available on iOS and Android devices.

Key facts about Bitso

Founded Year: 2014
Location: Mexico City (Mexico)
Valuation: $*****
Stage: Series C
Total Funding till date: $331M
Employee Count: 884 as on Sep 30, 2026
Investors: Bond Capital, RAA Capital and 38 Others
Latest Funding Round: Series C, May 05, 2021, $*****
Highlight: Editors' Pick

2. Turo

App-based P2P car rental platform. Their platform connects vehicle owners who are willing to rent their cars with other users. Users can host or rent their vehicle on the platform and users in need of vehicles can search and book the vehicles of their preferences. It offers features like insured rides, contactless-delivery options, and more. Their mobile app is available for Android and iOS devices.

Key facts about Turo

Founded Year: 2010
Location: San Francisco (United States)
Valuation: $*****
Stage: Series F
Total Funding till date: $523M
Employee Count: 1,799 as on Jul 31, 2026
Investors: August Capital, Allen & Company and 55 Others
Latest Funding Round: Series F, Apr 03, 2022, $*****
Highlight: Editors' Pick

3. Spring Health

Tech enabled mental healthcare solutions and health plans for employers. It offers a platform that leverages data to match individuals with care, ranging from digital support to in person therapy. The platform includes personalized care plans, appointment scheduling, and access to on demand wellness exercises. The solution also incorporates an employee assistance program with assessment, personalized recommendations, and access to a diverse network of providers.

Key facts about Spring Health

Founded Year: 2016
Location: New York City (United States)
Valuation: $*****
Stage: Series E
Total Funding till date: $474M
Employee Count: 3,902 as on Sep 30, 2026
Investors: Generation Investment Management, Northzone and 31 Others
Latest Funding Round: Series E, Jul 16, 2024, $*****
Highlight: Editors' Pick

4. Weebly

Provider of tools for website creation, e-commerce, and marketing. It offers customizable webpage designs and tools to build websites. The platform simplifies order management, shipping, and payments. It also provides integrated marketing tools and website templates.

Key facts about Weebly

Founded Year: 2007
Location: San Francisco (United States)
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $39.8M
Employee Count: 158 as on Sep 30, 2026
Investors: Floodgate, Dot Edu Ventures and 26 Others
Latest Funding Round: Series C, Aug 14, 2014, $*****
Highlight: Acquired

5. Cloud Dentistry

Online contract workforce recruitment platform for the healthcare industry. It is an on-demand sourcing platform. It allows job seekers to make profiles, mark availability, get work updates, and paid through the platform. Employers can create profiles, search/compare talent, and book them using the platform.

Key facts about Cloud Dentistry

Founded Year: 2014
Location: Houston (United States)
Annual Revenue: $1M - $10M as on Dec 31, 2021
Valuation: $*****
Stage: Series A
Total Funding till date: $12M
Employee Count: 557 as on Sep 30, 2026
Investors: Rock Creek Capital, Collective Capital and 3 Others
Latest Funding Round: Series A, Feb 19, 2025, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

MassChallenge has invested in 2906 companies over the last 16 years, with an average of 85 new investments annually in the last 10 years. Its most recent first time investment was in Ventra and most recent follow-on round was in eCeptacle.

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

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	42	0	42
2023	55	0	55
2022	2	0	2
2021	35	0	35
2020	74	0	74
2019	124	0	124
2018	251	2	253
2017	193	2	195

View all investments by MassChallenge

MassChallenge has made 1053 investments in Grant (prize money) stage with an average round size of $80.2K, 244 investments in Seed stage with an average round size of $676K, 2 investments in Series A stage, 2 investments in Unattributed stage and 1 investment in ICO stage.

Here are MassChallenge's investments by stage:

Stage of entry	No. of Investments
Grant (prize money)	1053
Seed	244
Series A	2
Unattributed	2
ICO	1

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

View all investments by MassChallenge

MassChallenge has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Life Sciences and HealthTech. Notably, it has invested in 2177 Tech companies, 1683 Enterprise (B2B) companies, 1104 Software companies and at least 973 companies focusing on Consumer (B2C).

Here are MassChallenge's investments by sector:

Sector	No. of Investments
Enterprise Applications	316
High Tech	253
Consumer	236
Life Sciences	195
HealthTech	183
Others	1571

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

View all investments by MassChallenge

MassChallenge has made most investments in United States (748), followed by Switzerland where it has made 113 investments.

Here are MassChallenge's investments by geography:

Country	No. of Investments
United States	748
Switzerland	113
Israel	90
United Kingdom	83
Mexico	71
Others	176

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

View all investments by MassChallenge

MassChallenge has not made any investment in 2026 so far.

Here are the most recent investments by MassChallenge:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jun 12, 2024	Ventra	Germany	Grant (prize money)	1564	-
May 24, 2024	Agrimercarb	Ghana	Grant (prize money)	5046	-
May 24, 2024	Riverkin	Switzerland	Grant (prize money)	5052	-
May 24, 2024	Terra Bioindustries	Canada	Grant (prize money)	7994	-
May 24, 2024	Saara	United States	Grant (prize money)	4765	-

See more recent investments made by MassChallenge

MassChallenge has 6 unicorns in its portfolio - Farther, Ascend Elements, Bitso and others. The most recent unicorn in their portfolio is Farther. It became a unicorn in 2026.

Here is a list of unicorns in MassChallenge's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
64	Farther	App-based financial planning and management platform for individuals	2019	FinTech	New York City	Series D	kioykqh
56	Ascend Elements	Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap	2015	Energy Tech [+2]	Westborough	Series D	ckfklf{
83	Bitso	Online trading and exchange platform for cryptocurrency	2014	FinTech [+2]	Mexico City	Series C	pigu{hf
82	Spring Health	Tech enabled mental healthcare solutions and health plans for employers	2016	Enterprise Applications [+2]	New York City	Series E	fsibcsx
54	Ginger	On demand mental health solutions for individuals and organizations	2011	HealthTech [+2]	San Francisco	Series E	kvepxov

View more details about unicorns in MassChallenge's portfolio

17 of MassChallenge's portfolio companies have become public. Diginex got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jan 2025 at marketcap of $92.3M and Oklo got listed on the New York Stock Exchange (NYSE).

Here are MassChallenge's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Diginex	Jan 22, 2025	-	-	1041
Oklo	May 10, 2024	Oct 30, 2013	Grant (prize money)	2422
iSpecimen	Jun 17, 2021	-	-	5062
Hyliion	Apr 23, 2019	Oct 28, 2015	Grant (prize money)	3427
Flywire	Sep 29, 2016	-	-	5932

View more details about public companies in MassChallenge's portfolio

207 companies from MassChallenge's portfolio have been acquired. The most recent acquisition was M7 Health in Sep 2026 by Ascend Learning for $*****.

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

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
M7 Health	Sep 21, 2026	-	-	4008
Alkeus Pharmaceuticals	Jul 31, 2026	Oct 21, 2010	Seed	5479
Valera Health	Jul 22, 2026	-	-	3492
LEVY Health	Jul 09, 2026	-	-	4872
D-Fend Solutions	Jun 01, 2026	-	-	3913

View all acquired companies in MassChallenge's portfolio

MassChallenge has a team of 124 members including 22 Partners and 4 Principals located in United States, Switzerland and 4 more locations. MassChallenge's team does not sit on the board of any company as of now.

Here is a list of top team members in MassChallenge:

Name	Designation	Location	Board Memberships	Contact Details
Gaurav Manchanda	Partner	Boston	-	1 Email
Peter Stahli	Partner	Bern	-	1 Email
Yonit Serkin	Partner	Israel	-	1 Email
Travis McCready	Partner	Boston	-	1 Email
Craig Lewis	Partner	Dallas	-	1 Email
Collin Wallace	Partner	San Mateo	-	1 Email
Diane Hessan	Partner	Boston	-	1 Email
Caitlin Reimers Brumme	Partner	Newton	-	1 Email
William Cowan	Partner	Waltham	-	1 Email
Meghan Verena Joyce	Partner	United States	-	2 Emails
Fiona Murray	Partner	Cambridge	-	1 Email

View team details of MassChallenge

Over the past 16 years, 1777 investors have co-invested in MassChallenge's portfolio companies. This includes funds and angels.

Invested before MassChallenge: National Science Foundation, Venture Kick and 302 others have invested in rounds before MassChallenge. There are 20 companies where National Science Foundation has invested before MassChallenge and 16 companies where Venture Kick has invested before MassChallenge.
Top Co-investors of MassChallenge: 19 investors entered a company along with MassChallenge. These include investors like Downing (1 company).
Invested after MassChallenge: A total of 1454 investors have invested in MassChallenge's portfolio after their investments. Top Investors include Europa (50 companies) and HHS (33 companies).