MassVentures Announces $195,000 in Seed Funding for 12 Faculty Research Projects
Acorn Innovation Awards Help Massachusetts Research Institutions Commercialize Scientific Breakthroughs
BOSTON (January 25, 2023)—The Commonwealth’s strategic venture capital team, MassVentures, announces today the recipients of its fall 2022 Acorn Innovation Award, a grant program that helps Massachusetts research institutions bring new technologies closer to market.
MassVentures Closes Three Deals with Deep Tech Startups
$20 Million from the State Small Business Credit Initiative Expands MassVentures’ Investment in Traditionally Underserved Tech Founders
WALTHAM--December 9, 2022--MassVentures announces its first three deals with funding from the U.S. Department of Treasury’s State Small Business Credit Initiative (SSBCI). SSBCI awarded MassVentures $20 million in October to expand its investments in technology startups, with a focus on underserved founders, including women, Black, and Latinx founders, or those based in underserved regions outside the Boston/Cambridge area. The funding was part of an overall award of nearly $169 million to the Commonwealth from the U.S. Treasury.
Leuko Raises $5 Million Series A to Validate and Bring to Market Its Noninvasive White Blood Cell Monitoring Technology for Cancer Patients
BOSTON--(BUSINESS WIRE)--Sep 23, 2022--
Leuko, an MIT startup developing PointCheck TM, the first solution that enables at-home noninvasive white blood cell (WBC) monitoring, today announced a first closing of $5 million for their Series A round. The new funding, from HTH VC, Good Growth Capital, IAG Capital Partners, Nina Capital, and angel investors, will accelerate Leuko’s clinical trials to obtain regulatory approval in collaboration with leading cancer centers, including Boston Medical Center and MD Anderson in the USA, and Dexeus and Hospital 12 de Octubre in Europe.
Adden Energy Launches With Technology License From Harvard to Scale Solid-State Battery Technology for Electric Vehicles
Innovative lithium-metal battery technology points to a leap in performance and reliability, with fast charging over 10,000 cycles
WALTHAM, Mass.-- September 01, 2022 (BUSINESS WIRE)--Adden Energy, Inc., a startup developing innovative solid-state battery systems for use in future electric vehicles (EVs) that would fully charge in minutes, announced the grant of an exclusive technology license by Harvard University’s Office of Technology Development (OTD) and a seed round financing of $5.15M. Primavera Capital Group led Adden Energy’s seed round, with participation by Rhapsody Venture Partners and MassVentures.
SK ecoplant Invests $50 Million in Ascend Elements
WESTBOROUGH, Mass., Sept. 1, 2022 (PRNewswire) -- Ascend Elements, a U.S.-based lithium-ion battery recycling and engineered materials company, today announced a strategic investment of $50 million from SK ecoplant, the environmental unit of Korean conglomerate SK Inc. The investment demonstrates SK ecoplant's commitment to the North American EV battery market and strengthens the relationship between the two organizations.
MARLBOROUGH, Mass.--(BUSINESS WIRE)--Raven360, the leader in customer journey acceleration solutions, announced the closing of an $8 million Series B funding round. The round was led by new investors Technology Venture Partners and Allos Ventures, joined by prior investors Nauta Capital and NXT Ventures.
Jaxon, Inc. Receives $100,000 START Award From MassVentures
BOSTON, June 9, 2022 (Newswire.com) - Jaxon, Inc. ("Jaxon"), an AI company developing breakthrough machine learning technology to speed up the human-machine collaboration process, was selected as a recipient of a START award from MassVentures, which funds deep tech startups based in Massachusetts. This Stage I START funding was awarded on the heels of Jaxon's $750,000 SBIR Phase II grant from the U.S. Air Force to implement AutoSpec, an interactive AI-driven design studio that utilizes machine learning models and data as building blocks to create custom AI applications.
PathMaker Neurosystems Receives $100,000 START Award from MassVentures
BOSTON, June 08, 2022 (GLOBE NEWSWIRE) -- PathMaker Neurosystems Inc. (“PathMaker”), a near-commercial stage neuromodulation company developing breakthrough non-invasive systems for the treatment of serious neurological disorders, was selected as a recipient of a START award from MassVentures, which funds deep tech startups based in Massachusetts as they advance technology developed under NIH SBIR/STTR funding. This Stage I START funding was awarded on the basis of PathMaker’s $4.9M grant from the NINDS Cooperative Research to Enable and Advance Translational Enterprises for Devices (CREATE Devices) program to develop MyoRegulator®, a first-in-class, non-invasive neuromodulation device for treating muscle spasticity.
Cybersecurity Mesh Innovator Gradient Technologies Receives Coveted 2022 MassVentures START Award
BOSTON, June 09, 2022 (GLOBE NEWSWIRE) -- Today Gradient Technologies, the Cybersecurity Mesh innovator, announced the company has been awarded a 2022 MassVentures START Award. By eliminating the threats of credential-based, malware, and memory resident attacks causing 80% or more of today’s cybersecurity breaches, Gradient Security Mesh is the only technology that can prevent cyber attacks before they happen.
Aclarity Receives Investment to Deploy Their PFAS Destruction Technology to Eliminate Cancerous Chemicals from Water
The company's Seed funding round was led by Burnt Island Ventures with participation from DCVC, MassVentures, and the UMass Maroon Fund.
WORCESTER, Mass., April 7, 2022 /PRNewswire/ -- Aclarity, a water treatment technology company with a first-of-its-kind solution for eliminating harmful "forever chemicals" (PFAS) in water and wastewater, has closed a $3.3M Seed financing round to deploy their PFAS destruction technology.
PFAS, known scientifically as per- and polyfluoroalkyl substances, are in the blood of 98% of Americans, are toxic, and are linked to cancers. These "forever chemicals" are widely used in a range of products including fabrics, firefighting foams, non-stick cookware, and coatings of food cartons, and do not degrade in the environment. With stricter regulations for PFAS discharge on the horizon, current disposal methods are becoming obsolete and are leaving on-site destruction as the only solution.
BOSTON March 9, 2022 /Paerpay, a Boston, MA-based contactless payment solution for restaurants, closed a $3m seed funding round.
The round, which brings ttotal funding to over $4.2m, was led by MassMutual through the MM Catalyst Fund (MMCF). They were also joined by Elevate Capital, MassVentures, Techstars, The Fund, Gaingels, and Chingona Ventures.
The company intends to use the funds to build out its team to hire engineers, sales, and marketing staff.
MassVentures Announces $195,000 in Seed Funding for Faculty Research Projects
BOSTON (January 19, 2022)—The Commonwealth’s strategic venture capital team, MassVentures, announces today the award of $195,000 in seed funding to Massachusetts research institutions to help them bring new technologies closer to market.
Twelve grants of $16,250 each were awarded to faculty researchers from Boston VA Healthcare, Boston University; Northeastern University; MIT; the University of Massachusetts at Amherst, Boston, Dartmouth and Lowell; Tufts University and Western New England University to assist them in testing the viability of their technologies and potentially bringing their research to market.
Baker-Polito Administration Announces $2.6 Million in Funding to Support Innovative Clean Energy Companies
BOSTON (Aug 24, 2021 )– In an effort to support clean energy innovation and technology development, the Baker-Polito Administration today announced $2,642,039 in funding for twenty-three clean energy companies and researchers within ten cities and towns throughout the Commonwealth. The funding is provided through the Massachusetts Clean Energy Center’s (MassCEC) Catalyst Program, which is jointly administered by MassCEC and MassVentures, and the InnovateMass Program.
“Massachusetts continues to drive decarbonization in both the Commonwealth and nationally through its robust clean energy innovation sector,” said Governor Charlie Baker. “These projects will assist in solving technical barriers, while creating jobs and strengthening local economies throughout the Commonwealth.”
MassVentures Announces $195,000 in Seed Funding for Faculty Research Projects
Acorn Innovation Fund Aids in Commercializing Scientific Breakthroughs Across the Commonwealth
BOSTON (August 3, 2021) New technologies at Massachusetts research institutions could get closer to market thanks to $195,000 in seed funding announced today by the MassVentures Acorn Innovation Fund.
Thirteen grants of $15,000 each were awarded to faculty researchers from Boston University Medical Center, Northeastern University, Brandeis University, the University of Massachusetts and Worcester Polytechnic Institute to assist them in testing the viability of their technologies and potentially bringing their research to market.
MassVentures is Supporting the Massachusetts Recovery Plan
"To ensure we continue to lead in this space, $62 million in existing capital funding through the Massachusetts Life Sciences Center, the Massachusetts Technology Collaborative, and MassVentures is available to support recovery and growth."
BOSTON (October 22, 2020)— Today, the Baker-Polito Administration announced a $774 million comprehensive plan to stabilize and grow the Massachusetts economy. The plan focuses on getting people back to work, supporting small businesses, fostering innovation, revitalizing downtowns and ensuring housing stability. Partnerships for Recovery begins today by directing $115 million in new funding to small businesses and Main Streets hardest hit by the COVID-19 pandemic and for workforce training efforts. Additionally, the Administration is aligning multiple funding sources, both existing and proposed, to appropriately respond to the crisis.