When was MassChallenge founded?

MassChallenge was founded in 2009.

Where is MassChallenge's headquarters located?

MassChallenge's headquarters is located in Boston (United States).

How big is MassChallenge's investment team?

MassChallenge has a team of 66, including 32 partners.

How many companies has MassChallenge invested in?

MassChallenge has invested in 2907 companies, including Bitso & Turo.

Which companies has MassChallenge invested in lately?

Ventra & Saara are the latest investments by MassChallenge.

How many exits has MassChallenge been involved in?

MassChallenge's portfolio has seen 18 IPOs and 202 acquisitions.

How many unicorns are there in MassChallenge's portfolio?

There are 5 unicorns in MassChallenge's portfolio.

MassChallenge - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. Bitso

Online trading and exchange platform for cryptocurrency. The platform enables users to buy and sell digital currencies through app-based and web platforms. It supports a wide range of digital currencies including Ripple, Bitcoin, Ether, XRP, Litecoin among others. It also provides market analysis charts and insights as a reference to the trader. The app is available on iOS and Android devices.

Key facts about Bitso

Founded Year: 2014
Location: Mexico City (Mexico)
Valuation: $*****
Stage: Series C
Total Funding till date: $331M
Employee Count: 734 as on May 31, 2026
Investors: Tiger Global Management, Invus and 36 Others
Latest Funding Round: Series C, May 05, 2021, $*****
Highlight: Editors' Pick

2. Turo

App-based P2P car rental platform. Their platform connects vehicle owners who are willing to rent their cars with other users. Users can host or rent their vehicle on the platform and users in need of vehicles can search and book the vehicles of their preferences. It offers features like insured rides, contactless-delivery options, and more. Their mobile app is available for Android and iOS devices.

Key facts about Turo

Founded Year: 2010
Location: San Francisco (United States)
Valuation: $*****
Stage: Series F
Total Funding till date: $523M
Employee Count: 1,729 as on Mar 31, 2026
Investors: Kaplan Group Investments, August Capital and 54 Others
Latest Funding Round: Series F, Apr 03, 2022, $*****
Highlight: Editors' Pick

3. Spring Health

Tech enabled mental healthcare solutions and health plans for employers. It offers a platform that leverages data to match individuals with care, ranging from digital support to in person therapy. The platform includes personalized care plans, appointment scheduling, and access to on demand wellness exercises. The solution also incorporates an employee assistance program with assessment, personalized recommendations, and access to a diverse network of providers.

Key facts about Spring Health

Founded Year: 2016
Location: New York City (United States)
Valuation: $*****
Stage: Series E
Total Funding till date: $509M
Employee Count: 3,791 as on May 31, 2026
Investors: Generation Investment Management, Tiger Global Management and 31 Others
Latest Funding Round: Series E, Jul 31, 2024, $*****
Highlight: Editors' Pick

4. Weebly

Provider of tools for website creation, e-commerce, and marketing. It offers customizable webpage designs and tools to build websites. The platform simplifies order management, shipping, and payments. It also provides integrated marketing tools and website templates.

Key facts about Weebly

Founded Year: 2007
Location: San Francisco (United States)
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $39.8M
Employee Count: 155 as on Apr 30, 2026
Investors: Floodgate, Dot Edu Ventures and 26 Others
Latest Funding Round: Series C, Aug 14, 2014, $*****
Highlight: Acquired

5. Splitwise

App-based expense sharing platform. It helps people share and split common expenses with their friends. It allows users enter shared bills, IOUs, and payments as they occur, and splitwise calculates and tracks who owes who how much. The users can settle up their debts either by cash or Paypal or Venmo. The application is available on the Android and iOS platforms.

Key facts about Splitwise

Founded Year: 2011
Location: Providence (United States)
Stage: Series A
Total Funding till date: $30.5M
Employee Count: 50 as on May 31, 2026
Investors: Ridge Ventures, Insight Partners and 13 Others
Latest Funding Round: Series A, Apr 28, 2021, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

MassChallenge has invested in 2907 companies over the last 16 years, with an average of 90 new investments annually in the last 10 years. Its most recent first time investment was in Ventra and most recent follow-on round was in Perovskia.

Here are MassChallenge's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	42	0	42
2023	55	1	56
2022	2	0	2
2021	35	0	35
2020	74	0	74
2019	124	0	124
2018	251	2	253
2017	193	2	195

View all investments by MassChallenge

MassChallenge has made 1053 investments in Grant (prize money) stage with an average round size of $80.3K, 244 investments in Seed stage with an average round size of $676K, 2 investments in Series A stage, 2 investments in Unattributed stage and 1 investment in ICO stage.

Here are MassChallenge's investments by stage:

Stage of entry	No. of Investments
Grant (prize money)	1053
Seed	244
Series A	2
Unattributed	2
ICO	1

Note: We have considered here, only first round of investments

View all investments by MassChallenge

MassChallenge has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Life Sciences and HealthTech. Notably, it has invested in 2152 Tech companies, 1684 Enterprise (B2B) companies, 1106 Software companies and at least 971 companies focusing on Consumer (B2C).

Here are MassChallenge's investments by sector:

Sector	No. of Investments
Enterprise Applications	321
High Tech	252
Consumer	243
Life Sciences	197
HealthTech	187
Others	1594

Note: We have considered here, only first round of investments

View all investments by MassChallenge

MassChallenge has made most investments in United States (749), followed by Switzerland where it has made 113 investments.

Here are MassChallenge's investments by geography:

Country	No. of Investments
United States	749
Switzerland	113
Israel	91
United Kingdom	83
Mexico	71
Others	178

Note: We have considered here, only first round of investments

View all investments by MassChallenge

MassChallenge has not made any investment in 2026 so far.

Here are the most recent investments by MassChallenge:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jun 12, 2024	Ventra	Germany	Grant (prize money)	8539	-
May 24, 2024	Saara	United States	Grant (prize money)	6486	-
May 24, 2024	Terra Bioindustries	Canada	Grant (prize money)	2425	-
May 24, 2024	Agrimercarb	Ghana	Grant (prize money)	2627	-
May 24, 2024	Riverkin	Switzerland	Grant (prize money)	1662	-

See more recent investments made by MassChallenge

MassChallenge has 5 unicorns in its portfolio - Ascend Elements, Bitso, Spring Health and others. The most recent unicorn in their portfolio is Ascend Elements. It became a unicorn in 2023, 6 years after MassChallenge first invested in it.

Here is a list of unicorns in MassChallenge's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
60	Ascend Elements	Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap	2015	Energy Tech [+2]	Westborough	Series D	igmhqwy
83	Bitso	Online trading and exchange platform for cryptocurrency	2014	FinTech [+2]	Mexico City	Series C	kypghkp
81	Spring Health	Tech enabled mental healthcare solutions and health plans for employers	2016	Enterprise Applications [+2]	New York City	Series E	nlorbws
47	Ginger	On demand mental health solutions for individuals and organizations	2011	HealthTech [+2]	San Francisco	Series E	faqv{zo
82	Turo	App-based P2P car rental platform	2010	Consumer [+5]	San Francisco	Series F	cwarqys

View more details about unicorns in MassChallenge's portfolio

18 of MassChallenge's portfolio companies have become public. Diginex got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jan 2025 at marketcap of $92.3M and Oklo got listed on the New York Stock Exchange (NYSE).

Here are MassChallenge's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Diginex	Jan 22, 2025	-	-	2335
Oklo	May 10, 2024	Oct 30, 2013	Grant (prize money)	8993
iSpecimen	Jun 17, 2021	-	-	4747
Hyliion	Apr 23, 2019	Oct 28, 2015	Grant (prize money)	3030
Flywire	Sep 29, 2016	-	-	4228

View more details about public companies in MassChallenge's portfolio

202 companies from MassChallenge's portfolio have been acquired. The most recent acquisition was D-Fend Solutions in Jun 2026 by Motorola Solutions for $*****.

Here are MassChallenge's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
D-Fend Solutions	Jun 01, 2026	-	-	4915
Better Juice	Apr 30, 2026	May 23, 2017	Seed	5772
TVision Insights	Apr 15, 2026	Oct 28, 2015	Grant (prize money)	8496
Revelator	Apr 01, 2026	-	-	8211
Lukkap	Apr 01, 2026	May 15, 2019	Grant (prize money)	2887

View all acquired companies in MassChallenge's portfolio

MassChallenge has a team of 66 members including 32 Partners and 7 Principals located in United States, Switzerland and 5 more locations. MassChallenge's team does not sit on the board of any company as of now.

Here is a list of top team members in MassChallenge:

Name	Designation	Location	Board Memberships	Contact Details
John Harthorne	Partner	United States	-	-
Gaurav Manchanda	Partner	Boston	-	1 Email
Peter Stahli	Partner	Bern	-	1 Email
Yonit Serkin	Partner	Israel	-	1 Email
Travis McCready	Partner	Boston	-	1 Email
Craig Lewis	Partner	Dallas	-	1 Email
Collin Wallace	Partner	San Mateo	-	1 Email
Diane Hessan	Partner	Boston	-	1 Email
Caitlin Reimers Brumme	Partner	Newton	-	1 Email
Matthew Lashmar	Partner	Geneva	-	-
Michael Langer	Partner	Boston	-	-

View team details of MassChallenge

Over the past 16 years, 1767 investors have co-invested in MassChallenge's portfolio companies. This includes funds and angels.

Invested before MassChallenge: National Science Foundation, Techstars and 301 others have invested in rounds before MassChallenge. There are 19 companies where National Science Foundation has invested before MassChallenge and 16 companies where Techstars has invested before MassChallenge.
Top Co-investors of MassChallenge: 19 investors entered a company along with MassChallenge. These include investors like Downing (1 company).
Invested after MassChallenge: A total of 1445 investors have invested in MassChallenge's portfolio after their investments. Top Investors include Europa (49 companies) and EIC Fund (33 companies).