About MassVentures
MassVentures is a venture capital firm founded in 1978. It is primarily based out of Boston, United States. As of Sep 2026, MassVentures is an active investor, having invested in 158 companies, with 4 new investments in the last 12 months. It primarily invests in Grant (prize money) round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Seed round of Subconscious Overall, MassVentures portfolio has seen 3 IPOs and 57 acquisitions including key companies like Kronos, Applause and Concord. A lot of funds co-invest with MassVentures, with names like LRVHealth sharing a substantial percentage of its portfolio. MassVentures has team of 11 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Grant (prize money), Seed & 5 more
Portfolio IPOs
Portfolio Soonicorns
Deals in last 12 months
MassVentures' List of Top Investments
MassVentures has a portfolio of 158 companies. Their most notable investments are in ClearGov and MachineMetrics.Their portfolio spans across United States, Denmark, United Kingdom and 2 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 31 other sectors, across stages such as Grant (prize money), Seed and 5 more. Here is the list of top investments by MassVentures:
1. Kronos
Provider of HCM software solutions for enterprises. The product modules include workforce management, employee benefits administration, onboarding, shift scheduling, time tracking, data and document management, and more. It provides tools for analyzing performance, forecasting labor collaboration issues, compliance, payroll management, etc. It offers an AI interfaced API integration to connect to cloud systems for workforce experience management.
Key facts about Kronos
- Founded Year: 1977
- Location: Lowell (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $855M
- Employee Count: 2,291 as on Sep 30, 2026
- Investors: GIC, Blackstone and 3 Others
- Latest Funding Round: PE, Jul 18, 2019, $*****
- Highlight: Acquired
2. Applause
Platform offering crowdsourced testing solution. It offers crowd-driven automated testing, user experience testing, AI testing, security testing, etc. The platform integrates with development tools systems and environments that include APIs, bug tracking, bug fix verification system, etc. It offers codeless automation, test case management, etc.
Key facts about Applause
- Founded Year: 1966
- Location: Framingham (United States)
- Stage: Acquired
- Total Funding till date: $116M
- Employee Count: 1,613 as on Sep 30, 2026
- Investors: Questmark Capital Management, Goldman Sachs and 18 Others
- Latest Funding Round: Series F, Dec 21, 2016, $*****
- Highlight: Acquired
3. Concord
Concord Music is a music publishing and record company. It was formed after merging of Concord Music Group and The Bicycle Music Company. It has made a number of acquisitions and strategic investments in other music publishing and record companies including Vanguard Records, Sugar Hill Records, Fearless Records, Razor & Tie (including Kidz Bop) and Imagem Music Group.
Key facts about Concord
- Founded Year: 1973
- Location: Beverly Hills (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $191M
- Employee Count: 1,678 as on Sep 30, 2026
- Investors: Canaan, Apex Venture Partners and 10 Others
- Latest Funding Round: Conventional Debt, Aug 18, 2020, $*****
- Highlight: Acquired
Autonomous labs for biotechnology, empowering scientists to design the living world. They provide autonomous labs and cloud lab services, enabling scientists to automate experimental work and focus on insight and creativity. The company offers solutions and datapoints services to design experiments and address research goals. Their autonomous systems lift the burden of manual lab work, empowering scientists to ask critical questions. They provide hardware, software, support, and cloud lab resources. The company's vision is to enable programming biology, curing diseases, and growing everything imaginable. This is a B2B tech company offering SaaS solutions for biotechnology and pharmaceutical industries.
Key facts about Ginkgo Bioworks
- Founded Year: 2008
- Location: Boston (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $796M
- Employee Count: 638 as on Mar 31, 2026
- Investors: Allen & Company, Owl Rock and 53 Others
- Latest Funding Round: Grant (prize money), Dec 13, 2023, $*****
- Highlight: Public
5. ClearGov
Provider of cloud-based budget and performance management software. It offers budget cycle management which includes capital budgeting, personnel budgeting, operational budgeting, and a digital budget book. It does the budgeting process in 3 steps, namely collect, create and communicate.
Key facts about ClearGov
- Founded Year: 2015
- Location: Hopkinton (United States)
- Stage: Acquired
- Total Funding till date: $34.5M
- Employee Count: 332 as on Sep 30, 2026
- Investors: Kepha Partners, Lead Edge Capital and 9 Others
- Latest Funding Round: Series B, Mar 12, 2024, $*****
- Highlight: Acquired
MassVentures' Year-on-Year Investment Trends
MassVentures has invested in 158 companies over the last 26 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Sep 2026, it has made 5 investments in this year. Its most recent first time investment was in Subconscious and most recent follow-on round was in Myrias Optics.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 1 | 5 |
2025 | 0 | 1 | 1 |
2024 | 3 | 3 | 6 |
2023 | 3 | 1 | 4 |
2022 | 8 | 2 | 10 |
2021 | 1 | 1 | 2 |
2020 | 0 | 2 | 2 |
2019 | 4 | 0 | 4 |
2018 | 5 | 2 | 7 |
2017 | 12 | 1 | 13 |
MassVentures' Investments by Stage
MassVentures has made 39 investments in Grant (prize money) stage with an average round size of $265K, 20 investments in Seed stage with an average round size of $3.35M and 11 investments in Series A stage with an average round size of $2.62M.Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 39 |
Seed | 20 |
Series A | 11 |
Series B | 6 |
Series C | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
MassVentures' Investments by Sector
MassVentures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Energy Tech, Sustainability Tech and Vertical SaaS. Notably, it has invested in 105 Enterprise (B2B) companies, 96 Tech companies, 52 Software companies and at least 27 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Enterprise Applications | 25 |
High Tech | 25 |
Energy Tech | 9 |
Sustainability Tech | 9 |
Vertical SaaS | 9 |
Others | 82 |
Note: We have considered here, only first round of investments
MassVentures' Investments by Geography
MassVentures has made most investments in United States (79), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 79 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
MassVentures' recent investments
MassVentures has made 5 investments in 2026 so far. Subconscious and Rise Robotics are the latest among them.Here are the most recent investments by MassVentures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 24, 2026 | United States | Seed | 7978 | [+4] | |
Sep 01, 2026 | United States | Grant (prize money) | 3546 | - | |
Aug 13, 2026 | United States | Grant (prize money) | 2998 | - | |
May 04, 2026 | United States | Seed | 1465 | [+2] | |
Jan 01, 2026 | United States | Seed | 8287 | [+3] |
IPOs and Publicly Listed companies in MassVentures' Portfolio
3 of MassVentures' portfolio companies have become public. Ginkgo Bioworks got listed on the New York Stock Exchange (NYSE), in Sep 2021 and Linius Technologies got listed on the Australian Securities Exchange (ASX) at marketcap of $6.73M.Here are MassVentures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 17, 2021 | - | - | 7986 | |
Jul 26, 2011 | - | - | 7044 | |
Jul 29, 1985 | - | - | 6873 |
Acquired companies in MassVentures' Portfolio
57 companies from MassVentures' portfolio have been acquired. The most recent acquisition was Ntirety in Jan 2026 by 11:11 Systems for $*****.Here are MassVentures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 08, 2026 | Mar 26, 2008 | Series B | 5131 | |
Jun 01, 2025 | Mar 30, 2017 | Seed | 9674 | |
Jul 10, 2024 | Nov 24, 2015 | Series A | 6477 | |
Jun 04, 2024 | Jul 22, 2018 | Grant (prize money) | 5376 | |
May 02, 2024 | Jun 19, 2015 | Seed | 2327 |
Team profile of MassVentures
MassVentures has a team of 11 members including 4 Partners and 3 Principals located in United States. MassVentures' team does not sit on the board of any company as of now.Here is a list of top team members in MassVentures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Boston | - | - | |
Partner | Boston | - | - | |
Partner | Boston | - | - | |
Partner | - | - | - | |
Principal | Boston | - | - | |
Principal | Boston | - | - | |
Principal | - | - | - |
Co-investors of MassVentures
Over the past 26 years, 288 investors have co-invested in MassVentures's portfolio companies. This includes funds and angels.
- Invested before MassVentures: National Science Foundation, America’s Seed Fund and 86 others have invested in rounds before MassVentures. There are 16 companies where National Science Foundation has invested before MassVentures and 11 companies where America’s Seed Fund has invested before MassVentures.
- Top Co-investors of MassVentures: 96 investors entered a company along with MassVentures. These include investors like LRVHealth (3 companies).
- Invested after MassVentures: A total of 104 investors have invested in MassVentures's portfolio after their investments. Top Investors include Hub Angels (4 companies), National Science Foundation (3 companies) and HHS (3 companies).
Recent News related to MassVentures
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Emvolon Raises USD 22 Million for Biomethanol ProductionRenewables Now•Oct 27, 2026•Emvolon, MassVentures, Wagner Carbon
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Subconscious Raises $5.1M to Launch AI Inference PlatformThe SaaS News•Sep 25, 2026•MassVentures, Subconscious
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RISE Robotics Awarded $100,000 MassVentures Grant to Accelerate Commercialization of Beltdraulic TechnologyGlobeNewswire•Sep 01, 2026•Rise Robotics, MassVentures
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Myrias Optics Announces $2.1 Million Seed 1 FinancingPR Newswire•Feb 24, 2026•Myrias Optics, He Shi Investment, MassVentures, Tenon Ventures and 2 others
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florrent Secures $9.5 Million in Seed-2 Funding for Grid Power SolutionsMiningstockeducation•Sep 09, 2025•Raven Indigenous Capital Partners, florrent, MassVentures, Skyfoundationinc and 3 others
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Electrified Thermal Raises $19M in FinancingFinSMEs•Dec 12, 2024•Electrified Thermal, Holcim, Vale, TechEnergy Ventures and 8 others
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Adden Energy Raises $15M to Expand Accessibility of Electric VehiclesBusiness Wire•Oct 23, 2024•Adden Energy, One Ventures, Primavera, Rhapsody Venture Partners and 2 others
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Cyvl: AI-Powered Mapping Technology Company Raises $6 MillionPulse 2.0•Apr 03, 2024•Cyvl, Companyon Ventures, Argon Ventures, Aero X Ventures and 6 others
