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 Storage

Stoke Systems

Non Equity Assistance in 2021
Stoke Systems, founded in 2020 and based in San Jose, California, specializes in real-time asset monitoring. The company has developed an innovative system that integrates smart sensors, edge AI, and widespread connectivity to provide a plug-and-play solution for companies. This technology allows businesses to monitor the condition of their assets, regardless of their location. By delivering actionable insights, Stoke Systems helps customers prevent asset downtime and failures, ultimately enhancing productivity and reducing maintenance costs for industrial operations.

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.

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.

Element 16 Technologies

Non Equity Assistance in 2021
Element 16 Technologies, founded in 2016 and based in Glendale, California, specializes in high-temperature heat energy storage systems aimed at enhancing energy efficiency for commercial and industrial facilities. The company has developed an innovative thermal energy storage technology that utilizes a molten sulfur mixture, replacing traditional molten salts and thermal oils. This advancement allows customers to minimize wasted heat in cogeneration plants, thereby improving overall efficiency and significantly reducing their carbon footprint. Through its solutions, Element 16 Technologies seeks to provide cost-effective energy management options that contribute to sustainability in the energy sector.

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.

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.

PolarPanel

Non Equity Assistance in 2020
PolarPanel is a Forbes 30 Under 30 renewable energy startup focused on bringing clean, reliable, and low-maintenance refrigeration technology to the commercial cold chain.

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.

Quartux

Non Equity Assistance in 2020
Quartux designs build and operate energy storage systems with intelligent software.

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.

ParagonH2

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

Liquid Logical

Grant in 2019
Liquid Logical is a patented technology which brings water to the boiling point instantly. They technology does not use any form of storage for the liquid such as a tank and is capable of a constant supply of boiling temperature water on a truly on-demand basis. A device which is the approximate size of a drinks can have countless possible integrations into everyday life such as kitchens, fridge doors, kitchen worktops, and commercial coffee machines - to name a few. A truly scalable global opportunity with incredible positive ecological impacts on global water saving initiatives.

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.

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.

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.

Yotta Energy

Non Equity Assistance in 2018
Yotta Energy Inc. is a manufacturer of innovative solar storage solutions based in Austin, Texas, established in 2016. The company specializes in the SolarLEAF, a modular energy storage device that integrates seamlessly with photovoltaic panels, designed to lower costs and enhance the development of energy storage and grid resiliency. The SolarLEAF features passive thermal regulation, providing efficiency and ease of installation compared to traditional centralized systems. Additionally, Yotta Energy offers SolarPLEXUS, a gateway that streamlines information flow within the storage system, allowing for automated management and optimization of individual SolarLEAF units. The company also provides a software platform that aggregates energy potential from various systems, aiding utilities in grid management and enabling system owners to optimize their energy usage and reduce costs. Yotta Energy serves a diverse clientele, including commercial businesses, remote sites, and emerging economies, focusing on enhancing energy solutions and sustainability.

OffGridBox

Grant in 2017
OffGridBox is a company that delivers renewable energy and clean water solutions in remote and underserved regions. The OffGridBox™ is a compact, all-in-one system housed within a shipping container measuring 6x6x6 feet, designed to produce electricity and purify water using solar energy. This innovative technology aims to address the needs of over 2 billion people globally who lack access to reliable energy and safe drinking water. Each unit can significantly impact local communities; for example, a single unit operated by a women’s cooperative in Rwanda can serve up to 300 families, providing essential electricity and sterilized water. OffGridBox has deployed 38 units across nine countries, including Italy, South Africa, Rwanda, Nigeria, the Philippines, Madagascar, the United States, and Colombia, catering to various sectors such as humanitarian aid, household retail, and industry services. These units have collectively operated for over 400,000 hours, promoting sustainable living and improving the quality of life in the areas they serve.

Lithio Storage

Grant in 2017
Lithio Storage specializes in the development of advanced lithium metal batteries that utilize a patented gel electrolyte. This innovative design enhances battery performance by significantly increasing energy density, allowing for batteries that can last up to three times longer than traditional options. The company's batteries are characterized by their safety, mechanical robustness, and adaptability, making them suitable for a variety of applications. By focusing on high voltage stability and improved longevity, Lithio Storage aims to provide clients with safer and more efficient energy solutions.

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.

Storemates

Grant in 2016
Storemates is a brand new concept in self storage. They help you to find accessible storage space in other people’s homes who have unused space. This allows storage seekers to save huge amounts of money compared to paying for expensive commercial self storage. They also help those with a bit of additional space earn a little extra money by putting their unused space to good use.

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.
Cambridge Carbon Capture Ltd is focused on advancing technology for industrial carbon dioxide capture and storage through innovative mineralization processes. The company employs proprietary methods to extract CO2 from industrial flue gases at a cost lower than the current carbon price, potentially allowing for cost offsetting or profit generation from the sale of valuable by-products, such as semi-precious metals. By utilizing electrochemical techniques, Cambridge Carbon Capture aims to transform carbon emissions from hydrocarbon combustion into solid carbonate materials, contributing to a sustainable approach for reducing greenhouse gas emissions. This technology not only supports industries in addressing climate change but also facilitates the safe sequestration of carbon dioxide, positioning clients to achieve both environmental and economic benefits.

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.

Fetch Storage

Grant in 2012
Fetch Storage is a Boston-based company that specializes in storage and delivery services for personal and commercial items. It operates as one of three sister companies, collectively boasting over 170 locations across the U.S. and Canada, and employing more than 4,000 staff members. The company offers a full-service solution that includes the pickup of clients' belongings at their convenience and the delivery of those items whenever needed. Fetch Storage provides exact-space pricing and on-demand access to individual boxes, allowing customers to efficiently manage their space and belongings with ease.

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.

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.

STG International

Grant in 2011
STG International provides small-scale low cost solar thermal power plant for electrifying clinics and schools in developing countries. In the world's poor rural areas schools and health clinics struggle to provide adequate service without electricity or hot water. Electrification of these institutions proceeds slowly with expensive grid extension, photovoltaic (PV) panels or diesel generators. STG has developed a better solution: a miniaturized solar thermal power plant using low cost solar collectors and a novel ORC engine that can provide clean electricity and hot water at a fraction of the cost of competing systems.
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.
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.

StorageByMail.com

Seed Round in 2010
StorageByMail.com provides an alternative to traditional self storage. Storage is centralized in a single, low-cost warehouse that customers access via the mail. The company offers prepaid shipping labels for sending boxes to storage and free round-trip postage.
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