# Massachusetts Technology Development Corporation: portfolio, investments and team

> Massachusetts Technology Development Corporation is an investment firm. 25 investments on record, latest Feb 2012. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/massachusetts-technology-development-corporation (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Massachusetts Technology Development Corporation

Last cheque observed Feb 2012. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Investment firm

Series A Series B Series C

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 25 on record

Since the last cheque **5380** days **00** hrs **00** min **00** sec

Median round **$2.7M** Rounds led **0 of 25** Sole investor **4 rounds** Exits **3 from the portfolio** Mostly in **United States, 100%**

Pitch Massachusetts Technology Development Corporation

## Massachusetts Technology Development Corporation highlights

- 01 25 rounds on record
- 02 Mostly Series A and Series B: 48% of its rounds
- 03 Sole investor in 4 rounds, median $1.2M
- 04 3 exits from the portfolio

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **25 appearances**

- **2012** 1 round
- **Feb** **[Polatis](https://millionrounds.com/company/polatis)** Venture · US · polatis.com **$2.7M** With 5 others
- **2011** 2 rounds
- **Dec** **[Libboo](https://millionrounds.com/company/libboo)** Seed · US **$300K** With 4 others
- **Apr** **[Forerun](https://millionrounds.com/company/forerun)** Series C · US · finsmes.com **$2.0M** Sole investor
- **2009** 4 rounds
- **Dec** **[GateRocket](https://millionrounds.com/company/gaterocket)** Series A · US · masshightech.com **$2.0M** With 4 others
- **Dec** **[OwnerIQ](https://millionrounds.com/company/owneriq)** Series C · US · masshightech.com **$5.8M** With 4 others
- **Jun** **[lifeIMAGE](https://millionrounds.com/company/lifeimage)** Series A · US · xconomy.com **$2.5M** With 1 other
- **Jun** **[Polatis](https://millionrounds.com/company/polatis)** Venture · US · polatis.com **$8.0M** With 7 others
- **2008** 8 rounds
- **Dec** **[uTest](https://millionrounds.com/company/utest)** Series B · US · techcrunch.com **$5.0M** With 3 others
- **Dec** **[Applause](https://millionrounds.com/company/applause)** Series B · US **$5.0M** With 3 others
- **Oct** **[Spectra Analysis Instruments](https://millionrounds.com/company/spectra-analysis-instruments)** Series C · US **$2.6M** With 1 other
- **Sept** **[GateRocket](https://millionrounds.com/company/gaterocket)** Series A · US · gaterocket.com **$3.0M** With 3 others
- **Aug** **[Forerun](https://millionrounds.com/company/forerun)** Venture · US **$1.4M** Sole investor
- **Jun** **[OwnerIQ](https://millionrounds.com/company/owneriq)** Series B · US · owneriq.net **$6.0M** With 3 others
- **Mar** **[Ntirety](https://millionrounds.com/company/ntirety)** Series B · US · ntirety.com **$1.0M** Sole investor
- **Jan** **[BEZ Systems](https://millionrounds.com/company/bez-systems)** Venture · US **$2.0M** With 2 others
- **2007** 2 rounds
- **Oct** **[OwnerIQ](https://millionrounds.com/company/owneriq)** Series A · US · owneriq.net **$2.0M** With 3 others
- **Jun** **[PermissionTV](https://millionrounds.com/company/permissiontv)** Series C · US · permissiontv.com **$9.0M** With 7 others
- **2006** 2 rounds
- **Sept** **[BEZ Systems](https://millionrounds.com/company/bez-systems)** Series C · US · bez.com **$7.5M** With 4 others
- **Jan** **[uTest](https://millionrounds.com/company/utest)** Seed · US · mtdc.com **$500K** Sole investor
- **2005** 3 rounds
- **Oct** **[Centerstone Software](https://millionrounds.com/company/centerstone-software)** Series D **$5.5M** With 3 others
- **Jun** **[PermissionTV](https://millionrounds.com/company/permissiontv)** Series B · US **Undisclosed** With 5 others
- **Jan** **[BEZ Systems](https://millionrounds.com/company/bez-systems)** Series B · US · bez.com **$3.6M** With 3 others
- **2004** 1 round
- **Nov** **[PermissionTV](https://millionrounds.com/company/permissiontv)** Series A · US **Undisclosed** With 5 others
- **2003** 1 round
- **Mar** **[Centerstone Software](https://millionrounds.com/company/centerstone-software)** Venture **$3.2M** With 3 others
- **2001** 1 round
- **Feb** **[ThreeCore](https://millionrounds.com/company/threecore)** Series A · US **$2.2M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## Exits from the portfolio

Companies it backed that were later bought or listed **3 in all**

**[Spectra Analysis Instruments](https://millionrounds.com/company/spectra-analysis-instruments)** Bought by Praine **Undisclosed** Jan 2015

**[Ntirety](https://millionrounds.com/company/ntirety)** Bought by HOSTING **Undisclosed** Mar 2014

**[Centerstone Software](https://millionrounds.com/company/centerstone-software)** Bought by Manhattan Software **Undisclosed** Nov 2006

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Series A Series B Series C

Median round joined **$2.7M** the round, not its cheque Alone, median **$1.2M**

Led 0 of 25 rounds **0%**

- **Sole investor:** 4 rounds
- **Last cheque:** Feb 2012
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Series A *6*
- Series B *6*
- Series C *5*
- Venture *5*
- Seed *2*
- Series D *1*

Cheques by year Led Joined

2001 2012

Often in the room with

- [Common Angels](https://millionrounds.com/fund/common-angels) 7
- [Egan-Managed Capital](https://millionrounds.com/fund/egan-managed-capital) 6
- [Venture Capital Fund of New England](https://millionrounds.com/fund/venture-capital-fund-of-new-england) 4
- [Atlas Venture](https://millionrounds.com/fund/atlas-venture) 3
- [Corning Technology Ventures](https://millionrounds.com/fund/corning-technology-ventures) 3
- [CramerOnline](https://millionrounds.com/fund/crameronline) 3

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## Who they invest alongside

The investors most often in the same rounds as Massachusetts Technology Development Corporation. A count of rooms they were both in, not a relationship either has claimed.

[**Common Angels** VC firm **7** rounds together](https://millionrounds.com/fund/common-angels)[**Egan-Managed Capital** Growth equity **6** rounds together](https://millionrounds.com/fund/egan-managed-capital)[**Venture Capital Fund of New England** VC firm **4** rounds together](https://millionrounds.com/fund/venture-capital-fund-of-new-england)[**Atlas Venture** VC firm **3** rounds together](https://millionrounds.com/fund/atlas-venture)[**Corning Technology Ventures** Growth equity **3** rounds together](https://millionrounds.com/fund/corning-technology-ventures)[**CramerOnline** Growth equity **3** rounds together](https://millionrounds.com/fund/crameronline)[**Inflection Point Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/inflection-point-ventures)[**SAS Investors** Growth equity **3** rounds together](https://millionrounds.com/fund/sas-investors)[**Ascent Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/ascent-venture-partners)[**Brooke Private Equity Advisors** Growth equity **2** rounds together](https://millionrounds.com/fund/brooke-private-equity-advisors)[**Cherrystone Angel** Angel network **2** rounds together](https://millionrounds.com/fund/cherrystone-angel-group)[**DFJ Esprit** VC firm **2** rounds together](https://millionrounds.com/fund/dfj-esprit)

## Quick answers about Massachusetts Technology Development Corporation

### What does Massachusetts Technology Development Corporation invest in?

Massachusetts Technology Development Corporation invests most often at Series A and Series B (48% of the rounds on record).

### How active is Massachusetts Technology Development Corporation?

25 investments on record, 0 of them in the last 12 months. The most recent was in Feb 2012.

### How big are Massachusetts Technology Development Corporation's cheques?

The median round it joins is $2.7M.

### Does Massachusetts Technology Development Corporation lead rounds?

Rarely, if at all: none of its 25 investments on record names it as the lead.

### Where does Massachusetts Technology Development Corporation invest?

Most of the companies it backs are in the United States (100%).

### Is Massachusetts Technology Development Corporation investing now?

No investments in the last 12 months; the latest was in Feb 2012.

### Who does Massachusetts Technology Development Corporation invest alongside?

Most often Common Angels (7 rounds together), Egan-Managed Capital (6 rounds together) and Venture Capital Fund of New England (4 rounds together).

### What kind of investor is Massachusetts Technology Development Corporation?

Massachusetts Technology Development Corporation is an investment firm.

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