MassVentures

Company

Investment-firm

Last deal

$1M

Amount

Grant

Stage

16.09.2020

Date

1

all rounds

$1M

Total amount

Financing round

General

About Company
MassVentures is a venture capital firm that supports Massachusetts-based startups.

Industry

Sector :

Subsector :

Keywords :

Also Known As

MTDC, Massachusetts Technology Development Corporation

founded date

01.01.1978

Number of employees

Last funding type

Grant

IPO status

Private

Description

Founded in 1978, MassVentures invests in seed-stage, early-stage deep tech, and later-stage information technology, healthcare, cybersecurity, e-commerce, mobile, TMT, manufacturing, robotics, and technology sector companies based in Massachusetts. The firm provides critical capital needs to high growth startups as they move from concept to commercialization. MassVentures is governed by an independent Board of Directors and managed by experienced venture capitalists. They offer investment, non-dilutive grants, technical support and expertise to early stage entrepreneurs and investors. MassVentures focuses on investment gaps in the cycle, specifically seed, post-seed, and between Series A and B.
Contacts

Contact Email

Social url

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Financials

Funding Rounds
1
1

Number of Funding Rounds

$1M

Money Raised

Their latest funding was raised on 16.09.2020. Their latest investor US Department of Commerce, Economic Development Administation. Their latest round Grant

Date 
Funding Round 
Investors 
Money Raised 
Lead 
US Department of Commerce, Economic Development Administation

US Department of Commerce, Economic Development Administation

The U.S. Economic Development Administration promotes sustainable job growth and durable regional economies in the United States.

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General Industrials

Subsector

Diversified Industrials

Location

Washington Cir NW, Washington, DC, USA

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1

total raised

$1.25M

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Investments
358
Date 
name 
Lead 
type 
Raised 
27.06.2024
No
$6.1M
20.05.2024
Yes
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Co-Investors
Investors
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1

Number of lead investors

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Number of investors

US Department of Commerce, Economic Development Administation

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Washington Cir NW, Washington, DC, USA

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Dana Gartzke

Dana Gartzke is the Assistant Secretary of Commerce for Economic Development.

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1
Acquiree Name 
Date 
Price 
Acquisition Name 
Versatile Credit acquired by MassVentures

Versatile Credit acquired by MassVentures

acquirer

MassVentures
MassVentures

date

15.07.2015

type

Leveraged Buyout
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People

Founders
1
Charles Hipwood
Charles Hipwood

Charles Hipwood

Charles Hipwood is a founder and executive with 20+ years of experience in financial services and technology start-ups (founded Fluent Fintech, STAG Capital Partners and AI Exchange).

current job

MassVentures
MassVentures

Charles Hipwood

Employee Profiles
25
Stacy Swider

Stacy Swider

Vice President, Investments

Priya Yadav

Priya Yadav

Vice President, Investments

Maria Loughlin

Maria Loughlin

Reviewer of Proposals for SBIR TARgeted Technologies (START) program

Jason Allen

Jason Allen

Vice President - Investments

Charles Hipwood

Charles Hipwood

Founder ,President & CEO

Rene Jarquin

Vice Chairman

Jeff Davidson

Senior Investment Team

Mike O'Malley

Mike O'Malley

Senior Investment Team

Activity

Recent News
4
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

month