VC  MassVentures

     Office Locations:

308 Congress Street, 5th Floor
Boston, MA 02210
Phone: 617-723-4920
Fax: 617-723-5983



  • Early
  • Seed



  • Energy & Clean Tech
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Media & Digital Media
  • Software & Internet



    MassVentures is the new name for the Massachusetts Technology Development Corporation (MTDC). MassVentures is a venture capital firm focused on fueling the Massachusetts innovation economy by funding early-stage, high-growth Massachusetts startups as they move from concept to commercialization. MassVentures focuses on Series A investments and considers occasional and opportunistic seed rounds. 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. Of the 132 companies in which it has invested, over 60 percent have been located in economically-targeted cities and towns within the Commonwealth. Its portfolio of companies have employed over 7,500 individuals in the Commonwealth with an annual estimated payroll of $612 million. Over its 30+ year history, the MassVentures Traditional Fund, an evergreen fund, has generated a gross IRR of 16.5%. The firm's team has experience across numerous industries including software, healthcare IT, industrial automation & robotics, internet & digital media, and mobile applications and platforms.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    George Aggouras Controller
    Jennifer Jordan Vice President
    Nicholas A. Pappas Vice President
    Walter M. (Jerry) Bird President


    Recent Funding Events (trailing 12 months):










      Series A


      Armored Things










    Portfolio companies include:

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      Armored Things
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      BEZ Systems
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      Cambridge Viscosity
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      Clarity Imaging Technologies
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      Content Raven
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      Harvest Automation
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      Illume Software
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      ImPress Systems
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      Incentive Targeting
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      Inside Tracker
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      Triton Systems
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      Ubiqi Health
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      Ze-gen, Inc
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    Recent News: