Venture Capital
Seed investment and support for Massachusetts-based deep tech startups
Economic impact report
MassVentures is a mission driven investor with a focus on creating viable technology business and jobs in Massachusetts. We invest through a lens of economic development rather than IRR.
Since 1978, MassVentures has received $8.5 million in funding from the Commonwealth. We operate as an evergreen fund, reinvesting the profits of our successful investments. Through 2024 we invested $112 million in 186 startups, achieving positive returns from nearly 50% of exited companies.
To quantify our impact and review our progress toward our mission, MassVentures engaged the UMass Donahue Institute to conduct an economic impact study addressing the direct, indirect, and induced effects of its venture fund from 1978-2024.
MassVentures invests in academic spinouts and early-stage deep tech companies based in Massachusetts. Deep tech innovates scientific and engineering breakthroughs that address big societal challenges, often creating new markets or disrupting existing ones, and have the vast potential to fuel Massachusetts' innovation economy.
With a focus on venture development, we provide funding and guidance to academic spinouts and early-stage companies to help them get traction, build their MVP, find early customers, accelerate GTM strategy, expand sales and bring on key staff. We look for innovative technologies which support the economic growth initiatives of the Commonwealth and place an emphasis on diverse founding teams and geographies.
Testimonials
