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 Oil and Gas

Algdeha

Non Equity Assistance in 2021
Algdeha specializes in sustainable biotechnology solutions aimed at industries reliant on fish-based products. The company focuses on developing innovative methods for large-scale algae production, utilizing natural resources such as wave energy, sunlight, and ambient heat to minimize costs. By providing an alternative to traditional animal feed derived from fish, Algdeha's approach supports sustainability and reduces the environmental impact associated with fish dependency in animal agriculture.

BiteBack

Non Equity Assistance in 2021
BiteBack Insect Oil Co., founded in 2015 and headquartered in Malang, Indonesia, specializes in producing cooking oil derived from edible insects. The company focuses on sustainability and health by utilizing beetle cultures and waste stream feedstock through non-sterile fermentation processes. This approach provides consumers with a viable alternative to traditional palm oil, promoting environmentally friendly food options.

GasApp

Non Equity Assistance in 2021
GasApp is an online platform for liquid petroleum gas distribution, leakage detector, and level monitor, through mobile apps and smart devices.

Plastogaz

Non Equity Assistance in 2021
Plastogaz is a company specializing in natural gas production from waste resources. It aims to produce a natural gas that can be used as a fuel or to produce new synthetic materials. Their technology relies on a patented catalyst and mitigates wastes plastics and greenhouse emissions. Plastogaz was founded in 2019 and is headquartered in Lausanne, Vaud, Switzerland.

M1neral

Non Equity Assistance in 2020
M1neral LLC, based in Houston, Texas, offers a mineral intelligence platform that streamlines the transaction process for buyers, operators, and sellers of mineral assets. The platform integrates data collection, artificial intelligence, and transaction automation to provide actionable insights and enhance decision-making. It features a robust spatial search tool that facilitates collaboration among all parties involved in transactions, including service providers and financial institutions. By focusing on efficiency, M1neral's platform aims to significantly reduce transaction cycle times, enabling users to complete deals more quickly and effectively. Additionally, the marketplace allows mineral buyers and owners to easily research and filter asset information, promoting a more informed and convenient transaction experience.

Quempin

Non Equity Assistance in 2020
We break down barriers faced when changing from polluting fuel sources to cleaner alternatives by providing innovative combustion technology for heat transfer in ovens. QUEMPIN offers an efficient and low emissions gas burner for the heat sector that can reduce gas fuel consumption by at least 20%. For companies that use coal or firewood, we can offer our heat solution without investment costs. As a result, we help with the switching cost from dirty fuels to clean energy and economically viable.

CO2 Free Truck

Non Equity Assistance in 2020
CO2 Free Truck develops a device to capture the CO2 emitted by diesel engines. It can be installed on heavy trucks, light trucks, ships, or trains. The CO2 is transformed into liquid CO2 and stored on vehicles and can then either be sold on the CO2 market or can be utilized as a carbon source for producing green fuel (methane or liquid fuels) by combining it with hydrogen produced from renewable energy resources.

ParagonH2

Non Equity Assistance in 2020
ParagonH2 delivers hydrogen-powered clean energy and water for business, community, and homes.

COI Energy Services

Non Equity Assistance in 2020
COI Energy Services, Inc. offers a software as a service (SaaS) platform designed to enhance energy efficiency for utilities and their business customers. Founded in 2016 and based in Tampa, Florida, the company provides solutions in demand response, energy efficiency analytics, renewable energy capacity identification, and rebates and incentives alerts. Its platform facilitates two-way communication between utilities and customers, enabling them to understand energy usage patterns and trends while identifying opportunities to reduce energy waste and costs. By leveraging artificial intelligence, COI Energy Services helps customers receive tailored alerts on energy wastage and available incentives, ultimately promoting environmental sustainability and optimizing the electric grid. The company was previously known as COI Empowerment & Energy Services LLC before rebranding in December 2017.

Green

Grant in 2020
Green is a digital energy buying and managing platform.

Meight

Non Equity Assistance in 2019
Developer of a fuel cost and CO2 emission forecasting platform designed to help drivers spend less fuel. The company's platform allows for the collection of unstructured data to build an accurate digital representation of a truck, how much fuel it spends, and how it accelerates or brakes, and also offers driver training and onboarding, to manage driver workflow and connects with the supply chain, enabling clients to boost profitability and scale operations.

BASF

Non Equity Assistance in 2018
BASF is a global chemical company headquartered in Ludwigshafen, Germany, operating through six primary segments: chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. The company produces a diverse range of products, including basic chemicals, engineering plastics, and specialty materials for various industries such as automotive, construction, and pharmaceuticals. In addition to its core activities, BASF New Business GmbH actively seeks to identify and explore new industrial opportunities, focusing on innovative solutions in chemistry and sustainability. BASF Venture Capital GmbH, the company's investment arm, invests in startups and venture capital funds that align with BASF's strategic interests, emphasizing advanced materials and digitalization, among other fields. The company also has a subsidiary, BASF West Africa Limited, which manufactures construction chemicals in Nigeria. With a commitment to innovation and sustainability, BASF aims to address significant challenges faced by customers in both existing and emerging markets.

Eleis Farm

Non Equity Assistance in 2018
Producer of red palm intended to grow African diaspora. The company's oil is made by mixing traditional fermentation techniques and low-cost mechanization which provides quality staple food while reducing environmental impact and hardship, enabling smallholder farmers to increase their yield while reducing their impact on the environment.

Dauntless XR

Non Equity Assistance in 2018
Future Sight AR provides immersive solutions and content to keep companies in the oil & gas industry efficient and safe, while pushing the limits of modern engineering.

XOC

Grant in 2017
XOC offers a unique learning experience and it creates an energy awareness that will allow users to save energy in short and long term and at the same time contribute to the environment. XOC is designed for a new energy-based economy. Where buying and selling energy will be a fundamental activity in the near future, where smart cities will be incorporated to the Smart grid.

Gaszen

Non Equity Assistance in 2016
We provide moments of warmth for everyone, everywhere. We are the bridge that connects people to a more reliable and comfortable energy consumption experience. We created an IoT gas management platform, starting with propane that empowers people to have a better and fairest consumption experience. There are 3B people around the world who use propane as their main source of energy (cooking, hot showers and heating). The propane gas industry was worth 122B in 2015. Our go to market strategy is Mexico (the biggest propane consumer per capita in America), representing an 8B industry. There are 6 million stationary tanks within residential users and SMBs. Our device connects stationary propane tanks to the internet. Our platform connects the three main stakeholders; on one hand to the end user (Residential and SMB’s), later to the gas company and finally to the dispatchers. We have a device for the stationary tank, an application for the end user, a control dashboard for the SMB’s and a management dashboard for gas suppliers.

Gaszen

Seed Round in 2016
We provide moments of warmth for everyone, everywhere. We are the bridge that connects people to a more reliable and comfortable energy consumption experience. We created an IoT gas management platform, starting with propane that empowers people to have a better and fairest consumption experience. There are 3B people around the world who use propane as their main source of energy (cooking, hot showers and heating). The propane gas industry was worth 122B in 2015. Our go to market strategy is Mexico (the biggest propane consumer per capita in America), representing an 8B industry. There are 6 million stationary tanks within residential users and SMBs. Our device connects stationary propane tanks to the internet. Our platform connects the three main stakeholders; on one hand to the end user (Residential and SMB’s), later to the gas company and finally to the dispatchers. We have a device for the stationary tank, an application for the end user, a control dashboard for the SMB’s and a management dashboard for gas suppliers.

NrgStorEdge

Grant in 2016
NrgStorEdge Ltd is a start-up, based on patented energy storage technology for safe and inexpensive use in zero-emission hydrogen-powered vehicles. NrgStorEdge is located in the Hi-Tech Village of Jerusalem, Israel. They are approved and financially supported by the Israeli Government and Jerusalem Development Authority.

Biomicrogels Group

Grant in 2016
BMG Intepco is looking to commercialise biomicrogels - an innovative patented nano-scale organic chemical. They have been developing and manufacturing tools (technologies and their applications) for the purification of water, soil and solid surfaces from oils, petroleum products and heavy metal ions . The rich experience of their employees research department allows individual approach to solving the problems of their customers and to fulfill the most stringent environmental requirements .
Oorja aims to provide clean energy access to 450 million un/underelectrified people in rural Indian communities. They deploy smart micro-grids powered by biomass gasification and solar PV systems to generate, store and transmit reliable and affordable electricity to SMEs as anchor load and low-income households. They use a scaleable community-owned business model to leverage energy provision as a catalyst for socio-economic development to alleviate poverty, empower women and tackle climate change.

Sourcewater

Grant in 2015
Sourcewater, from MIT Energy Ventures, is the online exchange for sourcing, recycling, transporting and disposing of water for energy production, a $20 billion U.S. market. We create a marketplace that matches providers of water, wastewater, trucking, treatment, storage and disposal with energy producers, thereby minimizing the capital and operating costs of oil and gas production, ensuring reliability of the water supply chain, and reducing the environmental and community impact of hydraulic fracturing. For water sellers and service providers, Sourcewater creates a marketing platform that reduces cost of sales and maximizes utilization and profitability.

Open Energy Market

Grant in 2015
Open Energy Market is a technology-driven company that provides an online trading platform focused on energy buying and management for medium to large enterprises in the United Kingdom. Founded in 2012 and headquartered in Guildford, Surrey, the company aims to simplify the procurement process by automating the management of energy contracts. Its platform captures and stores data, displaying prices offered by various suppliers, which enables clients to enhance reporting, forecasting, and portfolio management. By offering greater control and insight into the energy market, Open Energy Market helps businesses develop effective and sustainable energy strategies in a rapidly evolving industry.

FuelDrop

Grant in 2015
FuelDrop, is an up and coming start-up that formed out of MIT in the greater Boston area. For anyone living in a major city, filling up your car with gasoline can be a real pain. Limited gas stations coupled with high gas prices results in an experience that is dreaded by all. At fueldrop they ask ourselves, why are they still using this archaic method of getting gas? Why do they have thousands of cars driving to one gas station... what if the gas just came straight to your car? The team at fueldrop is creating a fuel delivery service so you will never have to go to a gas station again.

Loci Controls

Seed Round in 2014
Loci Controls, Inc. specializes in optimizing landfill gas collection through its innovative automated systems. The company has developed the Loci WellWatcher, which combines wellhead-mounted hardware with cloud-based monitoring and analytics to enhance the extraction of methane from landfills. By providing real-time monitoring of gas composition, pressure, temperature, and flow, Loci Controls has demonstrated the capability to increase gas collection by over 20%, thereby improving safety and reducing operational costs for landfill operators and energy utilities in the United States. The firm also employs patent-pending technologies and offers continuous monitoring alongside field service support, aiming to enhance profitability while addressing environmental, health, and safety concerns. Established in 2012 and based in Fall River, Massachusetts, Loci Controls is dedicated to advancing renewable energy production through efficient landfill gas management.

HydroConfidence

Grant in 2012
HydroConfidence is focused on supporting the natural gas extraction industry by offering tools and services aimed at maximizing gas production while minimizing environmental impact. The company is developing two main products: an aquifer monitoring system that employs a network of well-based sensors to detect methane migration, and a downhole monitoring system designed to provide data on gas flow and mechanical integrity. These innovations not only enhance the financial competitiveness of natural gas but also promote its environmental safety, contributing to a more sustainable approach in the sector.

E-POL

Grant in 2012
E-POL has developed a process allowing waste glycerin from biodiesel production to be turned into a variety of products.

Dynamo Micropower

Grant in 2012
Dynamo Micropower Corporation specializes in developing fuel-flexible gas turbines designed for small distributed generation applications in the oil and gas industry. The company's notable products include PowerCore, which provides continuous power for oilfield operations, and Infernocore, a flameless turboheater. Dynamo's innovative turbine-based solutions offer grid-like power quality while significantly reducing energy costs, with the capability to operate on local unrefined gas, achieving savings of up to 80%. The company also delivers custom power solutions tailored to the specific needs of its clients, facilitating plug-and-play installation on flare gas. Dynamo has established a network of distributors and service partners to support its offerings. Founded in 2011 and based in Somerville, Massachusetts, Dynamo has successfully deployed multiple turbines for prominent customers in the industry.
Electric Pipeline Corporation has invented and is developing polymer insulated electric pipelines "elpipes" for transmission of 3-30 GW through a pair of underground HVDC lines. Elpipes fit inside a pipeline that is similar to a gas pipeline, or they may be installed at the surface on conventional or narrow gauge railroad tracks. The train like features of elpipes make them convenient to install and convenient to repair.

Made in the Commonwe

Grant in 2011
Made In the Commonwealth (MitC) will produce renewable jet fuel for the Commonwealth of Massachusetts. Using waste greases and animal fats, we will create 100% renewable, 100% fungible fuel that meets all standards and replaces imported petroleum-based products. Their plan includes appropriate and novel uses of existing infrastructure and established technology from MIT labs. We garnered support from State and local officials. If you care about the environment and the future, support MitC.

Zero Carbon

Grant in 2010
ZCI Carbon to Methanol technology reduces greenhouse gasses while boosting energy independence and the bottom line.
Reach Production Solutions delivers long-lasting production enhancement to multiphase wells. It specializes in multiphase wells, it has found a solution to costly good interventions when it comes to artificial lift or fact hit fluid recovery. Reach installs on the surface – meaning it’s quick, easy, and even more effective than traditional artificial lift techniques. It was founded in 2010 and headquartered in Houston, Texas.

hydroGEN Technologies

Grant in 2010
hydroGEN Technologies is commercializing a novel technology that leverages energy stored in waste to produce low cost, predictably priced high purity hydrogen. High purity hydrogen is a $10B market and is primarily produced through the reformation of price volatile natural gas and the electrolysis of water. The high price is due to purification steps and high transportation costs. Our advantages include low cost energy input and scalability allowing for onsite generation at competitive prices.
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