The Challenge: Grow Massachusetts-Based Climate Technology Companies
Seed and early-stage climatetech start-ups face funding gaps that threaten their path to market. Access to capital is limited by both funding availability and high technological risk.
About the 2030 Fund
The launch of the $50M 2030 Fund signals to the market that Massachusetts is increasing its commitment to the commercialization of climate technologies. MassCEC invests impactfully and countercyclically in Massachusetts’ brightest climate technology innovators. Our investments support climatetech companies as they de-risk their technology, reach early commercial milestones, and attract growth funding.
Equity investments average about $500k in early-stage financings. MassCEC also offers venture debt, ranging from $100k to $1.5M.
MassCEC's strategy is to attract and leverage significant private capital alongside all our investments. We primarily invest under MassCEC’s focus areas, but additionally search for technologies with a significant impact potential outside of these areas:
- Clean Transportation
- High-Performance Buildings
- Offshore Wind
- Net-Zero Grid
MassCEC considers new investments on a rolling basis. The timeline from pitch to close of investment is typically three to five months.
Step 1: Submit your pitch deck to our team for review.
Step 2: If selected, the Investments team will reach out to schedule an initial team pitch.
Step 3: If MassCEC determines that your company is a potential fit for an investment, staff will request and review due diligence materials as part of an iterative diligence process.
Step 4: Pending a positive diligence outcome, pitch to MassCEC's CEO and other executive-level staff.
Step 5: Negotiate deal terms and begin initial legal documentation.
Step 6: Final approval
Step 7: Complete legal documentation and close deal.