MassChallenge

MassChallenge is a non-equity startup accelerator headquartered in Boston, Massachusetts, with additional locations in Israel, Mexico, Switzerland, Texas, and the UK. Founded in 2009, it focuses on fostering innovation and entrepreneurship by supporting high-potential startups across various industries globally. MassChallenge provides expert mentorship, a tailored curriculum, and access to corporate partners without taking any equity from the startups. Its programs, including specialized initiatives like MassChallenge FinTech and MassChallenge HealthTech, aim to facilitate partnerships between startups and established companies to drive innovation and growth. To date, MassChallenge has helped over 1,200 alumni raise more than $2 billion in funding and create over 65,000 jobs, demonstrating its significant impact on the global innovation ecosystem.

Cait Brumme

Acting CEO

Cait Brumme

Managing Partner

Siobhan Dullea

CEO

Matt Lashmar

Managing Director

Camila Lecaros

Managing Director

Yonit Serkin

Managing Director

Devon Sherman

Founding Director, Head of MassChallenge FinTech

Michelle Williams

Vice President and Head of Texas Strategy

Past deals in North Carolina

Freshspire

Non Equity Assistance in 2021
Freshspire is a mission-driven company based in Raleigh, NC dedicated to using strong technology to empower food communities.

Caulys

Non Equity Assistance in 2020
Developer of indoor greenhouse tool-kits designed to bring agriculture to the heart of cities so that agricultural products can be within everyone's reach. The company's toolkits require less transport, low energy consumption, less waste, no pesticides, and no GMOs, enabling users to produce fruits and vegetables directly at home with fewer minutes per week of gardening.

BoxMagic

Non Equity Assistance in 2020
BoxMagic is a gym management platform that provides tools for gym owners to streamline their daily operations. Founded in 2017 and based in Charlotte, North Carolina, the platform enables owners to manage classes and reservations, organize events and competitions, and enhance member engagement through innovative marketing features. BoxMagic also supports online payments, allowing gym owners to efficiently handle transactions and financial management. By delivering actionable business data, the platform assists owners in making informed decisions, even if they lack prior experience in managing a gym. Overall, BoxMagic aims to foster community and loyalty among members while helping gym owners maximize their revenue.

NALA Membranes

Non Equity Assistance in 2020
NALA Systems provides environmental services. New reverse osmosis membranes are what the industry has been waiting for. Reverse osmosis has been proven to be the most efficient way to purify water.

Caulys

Non Equity Assistance in 2020
Developer of indoor greenhouse tool-kits designed to bring agriculture to the heart of cities so that agricultural products can be within everyone's reach. The company's toolkits require less transport, low energy consumption, less waste, no pesticides, and no GMOs, enabling users to produce fruits and vegetables directly at home with fewer minutes per week of gardening.

Tellus Therapeutics

Non Equity Assistance in 2020
Tellus Therapeutics is a biopharmaceutical company focused on creating innovative treatments for newborns facing perinatal brain injuries. The company specializes in developing small molecules derived from human maternal breast milk, which aim to promote the regeneration of myelin-producing oligodendrocytes and mitigate white matter injury in premature infants. By addressing unmet medical needs, Tellus Therapeutics enables healthcare providers to offer effective interventions for all babies at risk of brain injury, thereby improving neurodevelopmental outcomes for these vulnerable children.

Aniluxx Biotechnology

Non Equity Assistance in 2020
Aniluxx Biotechnology is a development stage biopharmaceutical company with a mission to improve companion animal health and well-being. The Company’s strategy is to translate its deep pipeline of topically formulated therapeutics, predicated on compounds that have already been identified as safe and effective in humans, into therapies for dogs, cats, and horses, that are easy to apply, virtually unnoticeable, and absent the harsh side effects of systemic medicines.

Zogo, Inc.

Non Equity Assistance in 2020
Zogo, Inc. is a Newark, Delaware-based company that specializes in a mobile application designed to promote financial literacy among young users. Founded in 2018, the app offers educational content in the form of over 300 bite-sized modules, covering a range of personal finance concepts from basic budgeting to more complex financial topics. Users engage with the material by learning five key concepts per module and taking a quiz to reinforce their understanding. As they complete these modules, they earn points represented as pineapples, which can be redeemed for rewards such as gift cards. Zogo collaborates with financial institutions to co-brand the app, helping them to engage with Generation Z and complement their financial products. The app has received recognition in the industry, including winning a notable competition in 2019. Zogo is developed by a team of Generation Z members, ensuring that the content is relevant and appealing to its target audience.

Zogo, Inc.

Non Equity Assistance in 2019
Zogo, Inc. is a Newark, Delaware-based company that specializes in a mobile application designed to promote financial literacy among young users. Founded in 2018, the app offers educational content in the form of over 300 bite-sized modules, covering a range of personal finance concepts from basic budgeting to more complex financial topics. Users engage with the material by learning five key concepts per module and taking a quiz to reinforce their understanding. As they complete these modules, they earn points represented as pineapples, which can be redeemed for rewards such as gift cards. Zogo collaborates with financial institutions to co-brand the app, helping them to engage with Generation Z and complement their financial products. The app has received recognition in the industry, including winning a notable competition in 2019. Zogo is developed by a team of Generation Z members, ensuring that the content is relevant and appealing to its target audience.

Private Wealth Systems

Non Equity Assistance in 2019
Private Wealth Systems provides a comprehensive financial technology platform designed to assist high net worth investors and their advisors in managing complex investment portfolios. By offering tools for account aggregation, multi-asset portfolio accounting, and consolidated investment reporting, the company enables clients to gain insight into the risk, return, income, and expenses associated with their investments. Founded by leaders in the investment reporting sector, Private Wealth Systems delivers a total wealth dashboard that ensures transaction-level transparency, allowing users to make informed decisions that support the preservation and growth of their wealth. The platform caters to the needs of those managing sophisticated multi-asset, multi-manager, and multi-currency portfolios, thereby facilitating a deeper understanding of investment performance across various asset classes and structures.

Tellus Therapeutics

Grant in 2019
Tellus Therapeutics is a biopharmaceutical company focused on creating innovative treatments for newborns facing perinatal brain injuries. The company specializes in developing small molecules derived from human maternal breast milk, which aim to promote the regeneration of myelin-producing oligodendrocytes and mitigate white matter injury in premature infants. By addressing unmet medical needs, Tellus Therapeutics enables healthcare providers to offer effective interventions for all babies at risk of brain injury, thereby improving neurodevelopmental outcomes for these vulnerable children.

MuukTest

Non Equity Assistance in 2019
MuukTest is a software testing platform powered by AI that increases Software Devs testing productivity up to 26X. The company was founded in 2019 and based in Raleigh, North Carolina.

Catapult HQ, Inc.

Non Equity Assistance in 2018
Catapult is a comprehensive Request for Proposal (RFP) management platform designed to enhance the efficiency of procurement departments. The platform enables users to create and respond to RFPs, evaluate and score submissions, and collaborate on contract terms, all while facilitating teamwork through a shared content library. By automating workflows, Catapult significantly reduces the time required for RFP responses, allowing clients to respond more quickly and effectively while maintaining the same workforce. This results in improved output and greater confidence in the quality of responses. Overall, Catapult aims to streamline the RFP process, optimize workflows, and maximize outcomes for its users.

WalletFi

Non Equity Assistance in 2018
WalletFi is a developer of a subscription management platform that helps users manage recurring charges and payments. The platform utilizes machine learning technology to identify subscriptions and Card-on-File merchants, providing personalized insights to users. By facilitating the transfer of payments to new cards during re-issuance, WalletFi not only aids consumers in managing their financial commitments but also reduces customer churn for banks and financial institutions. This approach enhances customer engagement and reinforces the loyalty of users towards their financial service providers. Additionally, WalletFi offers detailed analytics that enable financial institutions to expand their customer base and improve overall user wellness, ultimately delivering a measurable return on investment.

HARMONY DEVELOPMENT GROUP

Non Equity Assistance in 2018
Developer of medical devices designed to address ventricular restorative health. The company's therapies work within the ventricle functioning as an integrated systolic assist system that leverages the native energy of the heart to support the diseased ventricle restoring its natural shape, pressure, and flow, providing patients with a therapy that is minimally invasive, cost-effective, suitable for patients with a range of ventricular and related valvular dysfunctions.

SecurSpace

Non Equity Assistance in 2018
SecurSpace, Inc. provides access to parking and storage options for trucks, trailers, and containers in the United States. It offers access to a source of parking and storage locations ranging from truck parking and trailer drop yards to heavy equipment storage depots. The company was incorporated in 2016 and is based in Charlotte, North Carolina. It also has operations in Los Angeles, California; Atlanta, Georgia; and Chicago, Illinois. As of October 5, 2020, SecurSpace, Inc. operates as a subsidiary of Envase, Inc.

Medlio

Grant in 2014
Medlio Inc. provides Medlio, a smartphone-based health insurance card that delivers up-to-date health benefits information, as well as a centralized location for creating, storing, and sharing medical forms. Its application helps providers to estimate the cost of patient encounters before they occur to collect patient-responsible balances on the front-end prior to service. Medlio Inc. was founded in 2013 and is based in Durham, North Carolina.

INRFOOD

Grant in 2013
INRFOOD, Inc. specializes in providing websites and mobile applications designed to help users make informed dietary choices. The company focuses on personalized nutrition, recognizing that each individual has unique dietary needs. Through its INRFOOD APP, users can engage with advanced analytics to track their eating habits, log ingredients and macro nutrients, and receive real-time notifications regarding food products that may pose allergy risks or do not align with their dietary preferences. Additionally, the company offers the Sugar Cube application, which allows users to visualize sugar content in their food. INRFOOD's services are available on major platforms such as iTunes, Google Play, and the App Store. Established in 2011 and headquartered in Durham, North Carolina, INRFOOD aims to enhance the understanding of nutrition beyond mere calorie counting by providing a comprehensive health and wellness solution.

Bio Adhesive Alliance

Grant in 2013
Bio Adhesive Alliance is a research and development organization focused on converting biomass and livestock waste management challenges in the agricultural sector into viable solutions for the construction industry. The team comprises scientists and industry experts who collaborate closely with academic institutions to address various aspects of the supply chain, including the collection, conversion, modification, characterization, and performance evaluation of biomass. The company specializes in producing bio-adhesives and bio-asphalt from sources such as swine manure, utilizing a liquefaction process that involves applying pressure and temperature, followed by filtration and post-processing. This innovative approach not only addresses waste management issues but also contributes to sustainable construction practices.

Leiva Strings

Grant in 2010
Leiva Learning Strings provides a method for teaching students how to correlate musical notes to the cumbersome fingering positions of any stringed musical instrument by color-coding each note. The seven different colors are set to match the seven natural notes (A,B,C,D,E,F,G,) in music theory. With their patented Learning Strings, individuals can learn to play and read sheet music by matching colors making stringed instruments as fun and easy to learn as they are in the video game Guitar Hero.
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