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General Information



Boston, USA
40 Broad St
Suite 230
Boston, MD, 02109


Vice President
President and CEO
Senior Investment Team


Massachusetts Technology Development Corporation

MTDC, the Massachusetts Technology Development Corporation, is a leading edge venture capital firm that addresses the “capital gap” for start-up and expansion of early-stage technology companies operating in the Commonwealth of Massachusetts. MTDC has invested in many of Massachusetts’ most promising new technology-based companies.

Recent Milestones


Company Date Round Size Participants
Polatis 2/2012Venture Round$2.7M5
Libboo 12/2011Angel$300k5
Forerun 4/2011Series C$2M1
GateRocket 12/2009Series A$1.98M4
OwnerIQ 12/2009Series C$5.8M5
LifeIMAGE 6/2009Series A$2.5M2
Polatis 6/2009Venture Round$8M7
uTest 12/2008Series B$5M4
Spectra Analysis Instruments 10/2008Series C$2.6M2
GateRocket 9/2008Series A$3M3
OwnerIQ 6/2008Series B$6M4
Ntirety 3/2008Series B$1M1
OwnerIQ 10/2007Series A$2M4
PermissionTV 6/2007Series C$9M8
BEZ Systems 9/2006Series C$7.5M5
uTest 1/2006Seed$500k1
PermissionTV 6/2005Series B6
BEZ Systems 1/2005Series B$3.6M4
PermissionTV 11/2004Series A6



  1. Polatis Investors Bring $2.7M in New Funding for Company Growth ( [edit]
  2. Citation Needed [add]
  3. Forerun Closes $2M Series C Financing ( [edit]
  4. GateRocket grabs $2M in latest funding program ( [edit]
  5. Mass High Tech ( [edit]
  6. Xconomy Boston ( [edit]
  7. Polatis Raises $8M ( [edit]
  8. uTest Raises $5 Million More For Crowdsourced Bug Testing ( [edit]
  9. EDGAR [edit]
  10. GateRocket ( [edit]
  11. OwnerIQ Secures $6 Million in Series B Funding ( [edit]
  12. Ntirety secures $1M investment for expansion in Massachusetts ( [edit]
  13. OwnerIQ Secures $2 Million in Series A Funding ( [edit]
  14. [edit]
  15. BEZ Systems Secures $7.5 Million in Series C Financing Led by Ascent Venture Partners ( [edit]
  16. [edit]
  17. Citation Needed [add]
  18. BEZ Systems Closes $3.6 Million Series B Financing Round to Fuel Company Growth and Market Expansion ( [edit]
  19. Citation Needed [add]
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Last Edited 3/11/14

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