MassChallenge
MassChallenge is a global nonprofit startup accelerator headquartered in Boston, Massachusetts, established in 2009. It supports early-stage entrepreneurs across various industries, including technology, healthcare, and social impact, by providing mentorship, resources, and networking opportunities. With locations in Israel, Mexico, Switzerland, Texas, and the UK, MassChallenge connects high-potential startups with industry experts and investors to foster innovation and facilitate growth. The accelerator operates on a non-equity model, allowing entrepreneurs to maintain full ownership of their companies while benefiting from strategic partnerships and tailored training programs. Through its diverse initiatives, such as targeted accelerator programs like MassChallenge HealthTech and FinTech, the organization aims to drive impactful change and enhance the global innovation ecosystem.
Past deals in Haiti
Kreyol
Grant in 2017
Kreyol Essence is an agribusiness that specializes in providing affordable luxury beauty products sourced from organic commodities in Haiti. Known for its commitment to being "natural with a purpose," the company focuses on empowering women by addressing various skin flaws while simultaneously creating employment opportunities for 400 local women and farmers. Kreyol Essence aims to enhance environmental, agricultural, and economic conditions in Haiti, positioning itself as a model for addressing complex social issues through sustainable business practices. By offering quality beauty products, the company not only promotes personal wellness but also supports local artisans and cultivates a positive impact on the community.
Vendedy
Grant in 2015
Vendedy is a mobile application that connects travelers to local street market foods and products. Its aim is to digitize the 10 trillion U.S. dollar street economy that contains a market size of 2 billion street vendors and 1 billion tourists annually. With vendors grossing up to 14X their annual income via a 10-day beta in Haiti, Vendedy attained partnerships with IBM, Mass Challenge Accelerator, and Manatt Ventures. Since its inception, Vendedy has attained several recognitions, including the 2014 Poverty Alleviation Clinton Global Initiative Commitment, Singularity Top 5 Exponential Breakthroughs, Citi Mobile Fin Tech Top 20, Forbes Million Dollar Prize Top 40, IBM Launch Top 5, Chivas Venture Million Dollar Prize USA Finalist, MasterCard $15k Pitch Winner, SOCAP Award Winner, and the winner of the DEW Startup competition. Throughout 2015, the company continued pilot testing in the Caribbean and the Middle East. Street vendors, locals, and travelers have the ability to upload photos of local products online via their mobile device using the application enabling a traveling consumer to search, purchase, and pay via a message. Vendedy was launched in 2014 by [Christine Souffrant](https://www.crunchbase.com/person/christine-souffrant#/entity), a 2016 Forbes30Under30 retail and e-commerce entrepreneur and is based in New York, United States.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.