meet the cohort

MassChallenge names 56 startups to newest Houston cohort along with new space and sports tracks

MassChallenge Houston's 2020 cohort has been selected. Photo courtesy of MassChallenge Texas

After launching in Houston with a smaller cohort last year, MassChallenge Texas has announced its latest, full-scale cohort and is kicking off virtual programming this month.

"Today's world is up against new challenges that require creative solutions to help us get back to speed as quickly and as efficiently as possible," says Jon Nordby, MassChallenge Texas in Houston's managing director in a news release. "The incoming cohort is uniquely positioned to make an impact because of their ability to act swiftly and adapt to new market needs. These founders will go on to create the impact and the jobs that will underpin the recovery of our economy for years to come."

The program begins this June 22 and concludes in October. According to the news release, the accelerator will operate as a hybrid — combining virtual and in-person programming. The startups will pitch virtually at the MassChallenge Virtual Startup Showcase on July 16 and 17, as well as at the conclusion of the program at the the MassChallenge Texas in Houston 2020 Awards.

The cohort represents 12 countries and 13 states — with over a third being female founded. The program is also introducing two new tracks: Sports tech, which was announced in April, and space commercialization. Some startups from this cohort will also be participating in the tracks, but MCTX hasn't identified the new tracks' cohorts yet.

Here are the members of the 2020 MassChallenge Texas Houston cohort and where they are based.

Energy and clean tech

General and retail

Health care and life science

Technology

Social impact

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Building Houston

 
 

With fresh funding, this Houston and Canada-based company has made an acquisition. Courtesy of Validere

After raising $43 million in funding for its series B round, Validere, a commodity management platform for the energy industry, has acquired Clairifi, whose technology helps energy businesses comply with environmental and regulatory requirements. Financial terms weren’t disclosed.

The funding round was closed in March and was led by Mercuria Energy and select funds and accounts managed by BlackRock, with participation from Nova Fleet, Pioneer Fund and NGIF Cleantech Ventures, as well as existing investors, including Wing VC and Greylock Partners, according to a news release.

“Validere’s mission is to ensure human prosperity through energy that is plentiful, sustainable and efficiently delivered," says Nouman Ahmad, Validere co-founder and CEO. "We facilitate this through integrating our customers’ core business with new environmental initiatives. In order to manage the energy transition well, environmental attributes cannot be managed in a silo, they need to be integrated in the day-to-day operations and commercial decisions."

Validere is based in Calgary, Alberta, and has its United States presence based in Houston. Clairifi also is based in Calgary. According to the company, the purchase of Clairifi strengthens Validere’s ESG (environmental, social, and governance) offerings.

“Companies across the energy supply chain are often burdened by the arduous task of compliance reporting, a time-intensive process that is usually performed manually in Excel spreadsheets by costly environmental consultants,” Validere says in a news release announcing the Clairifi deal. “These issues are coupled with constantly changing environmental, social and governance (ESG) policies, as well as disorganized data, which can cause confusion over meeting reporting requirements.”

Validere says that thanks to the integration of Clairifi, businesses can easily comply with current and future regulations from the U.S. Securities and Exchange Commission (SEC), and can access a central platform to accurately measure, manage, and forecast emissions strategies.

“The implementation of costs on carbon and emission reduction requirements introduce new immediate and long-term consequences that cascade from the field to head office,” says Corey Wood, co-founder and CEO of Clairifi. “While regulatory compliance is often considered a burden on industry, requiring resources and continuous innovation, if we are well-prepared, these challenges may be used as catalysts to revive, refresh and improve.”

As part of the acquisition, Wood has joined Validere as vice president of emissions, regulatory, and carbon strategy.

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