MassVentures meets critical capital needs in the Massachusetts innovation economy, providing seed and early-stage venture funding to high growth startups as they move from concept to commercialization. The Boston-based venture firm was formed in 1978 as a quasi-public corporation by the Legislature of the Commonwealth of Massachusetts, governed by an independent Board of Directors, and managed by experienced venture capitalists. Leveraging the entrepreneurial spirit, educated workforce, and centers of innovation in Massachusetts, MassVentures has a track record of success with early-stage ventures.
MacroCycle is developing a technology to curb the usage of fossil fuel derived plastic through a circular, sustainable and zero-carbon plastic upcycling process. The company's proprietary process based on the synthesis of cyclic macromolecules enables us to produce virgin-grade recycled PET from plastic waste at lower energy use than traditional processes.
River Otter Renewables
Grant in 2023
River Otter Renewables is a recycling comany that produced biocrude oil from plant and waste as well as sewage and plastic waste.
Atacama Biomaterials
Grant in 2023
AI platform producing compostable and biodegradable plastic alternatives
Phoenix Tailings
Grant in 2023
Phoenix Tailings, is building technology to enable the recycling and re-mining of Bauxite Residue (“Red Mud”) - a hazardous by-product in the aluminum industry - to extract strategic materials which are critical to the Defense, Automotive, Electronics and Biotech industries. The company was founded with the mission to revolutionize the mining industry by enabling new sources of strategic materials, sustainably and economically.
Radical Plastics
Grant in 2022
Radical Plastics is a radical solution to plastic pollution.
Infinite Cooling
Grant in 2021
Infinite Cooling Inc. specializes in water recovery systems designed for power plants and other industrial facilities. Founded in 2017 and based in Massachusetts, the company focuses on mitigating water scarcity by employing innovative technology that utilizes high-voltage electric fields to capture and recycle water evaporating from cooling towers. This approach allows power plants, data centers, and factories to significantly reduce water consumption and treatment costs, thereby promoting more sustainable operations. Through its efforts in wastewater management and recycling, Infinite Cooling aims to address environmental challenges related to water waste in industrial processes.
Ascend Elements
Grant in 2018
Ascend Elements specializes in the production of advanced battery materials by reclaiming valuable elements from spent lithium-ion batteries. The company employs hydroprocess recycling and direct recycling methods, which deconstruct old cathode materials at the atomic level to generate new cathode materials. This innovative approach not only enhances the efficiency of recycling processes but also enables clients to maximize their returns on assets, ultimately supporting the production of economically viable and low-cost battery materials.
ZwitterCo
Grant in 2018
ZwitterCo specializes in advanced membrane solutions for the treatment of highly impaired wastewater, focusing on the development of reverse osmosis and nanofiltration technologies. These innovations enable the effective reuse and recycling of water resources by addressing challenges such as fouling and chemical demands. ZwitterCo's membranes are designed to treat historically unfilterable streams, allowing customers to transform waste into a valuable resource. With features such as chlorine tolerance and resistance to irreversible fouling, the company's technology supports steady performance and durability, making wastewater treatment economically viable for industrial applications.
Infinite Cooling
Grant in 2017
Infinite Cooling Inc. specializes in water recovery systems designed for power plants and other industrial facilities. Founded in 2017 and based in Massachusetts, the company focuses on mitigating water scarcity by employing innovative technology that utilizes high-voltage electric fields to capture and recycle water evaporating from cooling towers. This approach allows power plants, data centers, and factories to significantly reduce water consumption and treatment costs, thereby promoting more sustainable operations. Through its efforts in wastewater management and recycling, Infinite Cooling aims to address environmental challenges related to water waste in industrial processes.
SES
Grant in 2012
SolidEnergy Systems Corp. develops and manufactures rechargeable lithium metal batteries primarily for applications in drones, wearables, smartphones, and electric vehicles. Founded in 2012 and based in Woburn, Massachusetts, the company focuses on producing high-performance lithium metal batteries and supplying essential materials, such as anodes and electrolytes, to major lithium-ion cell manufacturers. These materials can be integrated into existing manufacturing processes, allowing for scalability without significant infrastructure investments. SolidEnergy's pilot-scale production caters to prototype demonstrations and specialized aerospace markets, while its future growth is aimed at mainstream sectors like consumer electronics and electric vehicles. Additionally, the company is involved in developing AI-powered safety algorithms and recycling solutions, positioning itself as an integrated battery manufacturer with a commitment to innovation and sustainability.
Takachar
Grant in 2012
Takachar is focused on creating a network of waste management enterprises in Kenya that convert agricultural residues into eco-friendly charcoal, providing an affordable cooking fuel for low-income households. The company has developed low-cost technologies that can be locally manufactured and have been successfully tested in Kenya over the past three years. Since its inception, Takachar has assisted in establishing seven local waste-to-charcoal enterprises, some of which have achieved operational profitability. To date, Takachar has created approximately 100 jobs and sold 50 tons of eco-char. The company aims to demonstrate the long-term financial sustainability of these enterprises, with the intention of developing a franchise network in the future. Additionally, Takachar employs oxygen-lean torrefaction reactors to transform biomass into commercially viable products, helping farmers prevent the open burning of agricultural waste while providing them with opportunities to generate extra income through value-added chemicals.
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