About MassChallenge
MassChallenge, an accelerator and incubator program founded in 2009, is based in Boston, United States. With a presence in 74 countries, it has supported around 2,907 startups in sectors like Enterprise Applications, High Tech. As of Apr 2026, MassChallenge has 5 unicorns under its belt and has witnessed 216 portfolio exits. Most notable companies in
its portfolio include Bitso, Turo and Spring Health. The program is backed by a team of 84 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
Sectors of Investment
Stages of Investment
Grant (prize money), Seed & 3 more
Locations of Investment
Unicorn in Portfolio
MassChallenge's List of Top Investments
MassChallenge has a portfolio of 2,907 companies, including 5 unicorns. Their most notable investments are in Imbed Biosciences and Gooster App.Their portfolio spans across United States, Israel, Switzerland and 71 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
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: 1,729 as on Mar 31, 2026
- Investors: August Capital, Cross Creek and 52 Others
- Latest Funding Round: Series F, Apr 03, 2022, $*****
- Highlight: Editors' Pick
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: $509M
- Employee Count: 3,688 as on Mar 31, 2026
- Investors: Generation Investment Management, Kinnevik and 31 Others
- Latest Funding Round: Series E, Jul 31, 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: United States
- Stage: Acquired
- Total Funding till date: $39.8M
- Employee Count: 310 as on Dec 31, 2018
- Investors: Floodgate, Dot Edu Ventures and 26 Others
- Latest Funding Round: Series C, Aug 14, 2014, $*****
- Highlight: Acquired
5. 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
MassChallenge's Year-on-Year Investment Trends
MassChallenge has invested in 2907 companies over the last 16 years, with an average of 95 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 Perovskia.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 42 | 0 | 42 |
2023 | 55 | 1 | 56 |
2022 | 2 | 0 | 2 |
2021 | 35 | 0 | 35 |
2020 | 74 | 0 | 74 |
2019 | 124 | 0 | 124 |
2018 | 251 | 2 | 253 |
2017 | 193 | 2 | 195 |
MassChallenge's Investments by Stage
MassChallenge has made 1053 investments in Grant (prize money) stage with an average round size of $80.3K, 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.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
MassChallenge's Investments by Sector
MassChallenge has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Life Sciences and HealthTech. Notably, it has invested in 2149 Tech companies, 1683 Enterprise (B2B) companies, 1107 Software companies and at least 971 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 322 |
High Tech | 250 |
Consumer | 248 |
Life Sciences | 197 |
HealthTech | 187 |
Others | 1603 |
Note: We have considered here, only first round of investments
MassChallenge's Investments by Geography
MassChallenge has made most investments in United States (749), followed by Switzerland where it has made 113 investments.Country | No. of Investments |
|---|---|
United States | 749 |
Switzerland | 113 |
Israel | 91 |
United Kingdom | 83 |
Mexico | 71 |
Others | 178 |
Note: We have considered here, only first round of investments
MassChallenge's recent investments
MassChallenge has not made any investment in 2026 so far.Here are the most recent investments by MassChallenge:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 12, 2024 | Germany | Grant (prize money) | 2921 | - | |
May 24, 2024 | United States | Grant (prize money) | 7501 | - | |
May 24, 2024 | Canada | Grant (prize money) | 3058 | - | |
May 24, 2024 | Switzerland | Grant (prize money) | 1757 | - | |
May 24, 2024 | Ghana | Grant (prize money) | 3887 | - |
Unicorns in MassChallenge's Portfolio
MassChallenge has 5 unicorns in its portfolio - Ascend Elements, Bitso, Spring Health and others. The most recent unicorn in their portfolio is Ascend Elements. It became a unicorn in 2023, 6 years after MassChallenge first invested in it.Here is a list of unicorns in MassChallenge's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap | 2015 | Westborough | Series D | ck{kzso | ||
83 | Online trading and exchange platform for cryptocurrency | 2014 | Mexico City | Series C | uzjuppe | ||
81 | Tech enabled mental healthcare solutions and health plans for employers | 2016 | New York City | Series E | gbihwog | ||
47 | On demand mental health solutions for individuals and organizations | 2011 | San Francisco | Series E | rictpjb | ||
82 | App-based P2P car rental platform | 2010 | San Francisco | Series F | ohvjrbr |
IPOs and Publicly Listed companies in MassChallenge's Portfolio
18 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:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 22, 2025 | - | - | 1035 | |
May 10, 2024 | Oct 30, 2013 | Grant (prize money) | 6127 | |
Jun 17, 2021 | - | - | 9551 | |
Apr 23, 2019 | Oct 28, 2015 | Grant (prize money) | 9479 | |
Sep 29, 2016 | - | - | 2801 |
Acquired companies in MassChallenge's Portfolio
198 companies from MassChallenge's portfolio have been acquired. The most recent acquisition were Revelator in Apr 2026 by Warner Music.Here are MassChallenge's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 01, 2026 | - | - | 4792 | |
Apr 01, 2026 | May 15, 2019 | Grant (prize money) | 7695 | |
Mar 31, 2026 | - | - | 8922 | |
Feb 19, 2026 | Nov 02, 2016 | Grant (prize money) | 4387 | |
Feb 04, 2026 | Nov 02, 2016 | Grant (prize money) | 5697 |
Team profile of MassChallenge
MassChallenge has a team of 84 members including 22 Partners and 3 Principals located in United States, Switzerland and 3 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 |
|---|---|---|---|---|
Partner | Boston | - | ||
Partner | Sao Paulo | - | ||
Partner | Bern | - | ||
Partner | Boston | - | ||
Partner | Newton | - | ||
Partner | Waltham | - | ||
Partner | Zurich | - | ||
Partner | United States | - | ||
Partner | Boston | - | - | |
Partner | Andover | - | ||
Partner | United States | - |
Co-investors of MassChallenge
Over the past 16 years, 1762 investors have co-invested in MassChallenge's portfolio companies. This includes funds and angels.
- Invested before MassChallenge: National Science Foundation, Techstars and 301 others have invested in rounds before MassChallenge. There are 19 companies where National Science Foundation has invested before MassChallenge and 16 companies where Techstars 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 1440 investors have invested in MassChallenge's portfolio after their investments. Top Investors include Europa (48 companies) and EIC Fund (33 companies).
Recent News related to MassChallenge
•
SIG Partners with MassChallenge Switzerland to Focus on Packaging SustainabilityPackaging Strategies•May 21, 2024•SIG, MassChallenge
•
SIG and MassChallenge Switzerland partner to spark innovation in packagingPackaging Gateway•May 20, 2024•SIG, MassChallenge
•
•
MassChallenge Switzerland Announces Partnership With Enterra SolutionsBusiness Wire•Mar 30, 2022•MassChallenge, Enterra Solutions
•
MassChallenge Israel Announces 2022 Accelerator Program CohortMassChallenge•Mar 30, 2022•MassChallenge, Hyphen SCS
•
•
MassChallenge Israel Names 41 Startups To 2021 Accelerator CohortNoCamels•Mar 24, 2021•MassChallenge
•
•
Alogo Analysis secures CHF 1 million in fundingStartupticker•Jun 16, 2020•Alogo, Genilem, Innovaud, MassChallenge and 1 other
•
