2024
YEAR IN REVIEW
Image: 3ZERO3, Seattle. WATTMORE's system provides robust, advanced control features like load leveling and non-export control.
MaSa Partners invests in early-stage, mission-driven companies that tackle some of the world’s most pressing challenges. This year, we have been privileged to witness remarkable growth, innovation, and impact across our portfolio. Here are some highlights from 2024:
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REVIEW 2024
A Year of Expansion and Innovation
In 2024, Abingdon Health reached significant milestones, cementing its leadership in rapid diagnostics. The company secured a £2 million contract to produce STD diagnostic tests, underscoring its expertise in delivering high-quality solutions.
Additionally, Abingdon Health unveiled a state-of-the-art analytical lab in Doncaster, enhancing its capacity for precise and scalable diagnostics. Internationally, the company expanded its footprint with a new commercial office and laboratory in Madison, Wisconsin, positioning itself to better serve North American clients and capitalize on regional growth opportunities.
CEO Chris Yates remarked, “This expansion brings us closer to our customers and strengthens our end-to-end value proposition for diagnostics.”
With the appointment of Tom Hayes as CFO, Abingdon Health is well-positioned for continued growth and innovation in the years ahead. These achievements highlight its unwavering commitment to advancing the field of rapid diagnostics globally.
Driving the Energy Transition
In 2024, Arcadia solidified its leadership in the global energy transition with $50M funding to scale its innovative community solar and energy data solutions. A key achievement was its partnership with Verse, providing organizations with advanced analytics and unparalleled energy insights to make smarter decisions and achieve measurable sustainability goals.
Arcadia also joined forces with to introduce the industry’s first transferable tax credit platform, streamlining access to tax credit markets.
A Year of Milestones and Growth
In 2024, Beereaders celebrated its fifth anniversary, solidifying its role in transforming literacy for Spanish-speaking students. Despite challenges in the edtech sector, the company earned two prestigious awards: Austin's International Startup of the Year by SXSW and Opportunity Austin. Top 24 World Edtech Startups by the F6S Community.
These achievements reflect Beereaders’ dedication to empowering students and strengthening partnerships in Texas and beyond. As CEO Rubén Arias remarked, “Most startups don’t make it, but we did!” With a strong foundation, Beereaders looks forward to further growth and impact in 2025.
Rebuilding Reefs, Restoring Hope
Coral Vita made waves with its groundbreaking coral restoration efforts, fueled by a grant from UNESCO to scale its impact globally. This funding supports the company's pioneering techniques, including micro fragmentation and assisted evolution, which accelerate coral growth and enhance resilience against climate change.
The team also welcomed global attention with CNN spotlighting their work in Freeport, Bahamas, where Coral Vita’s innovative methods are transforming degraded reefs into thriving marine ecosystems. Co-founder Sam Teicher shared, "Restoring reefs is not just about saving marine life; it’s about securing the livelihoods of a billion people who depend on them."
Energizing a Smarter Future
In 2024, David Energy disrupted the energy landscape, raising $23 million in funding to scale its innovative GridTech platform. By leveraging real-time energy data and AI, David Energy empowers customers to reduce costs, optimize energy use, and integrate renewable resources seamlessly.
This year, the company took on industry giants, introducing competitive solutions tailored to modern energy challenges. CEO James McGinniss stated, "We’re proving that innovation and customer-centricity can outmatch legacy systems, making energy smarter, cleaner, and more accessible."
A New Era in Drug Discovery
In 2024, FAR Biotech made impressive strides in transforming the drug discovery process, leveraging next-generation computational techniques and deep expertise in biotechnology.
FAR Biotech’s new website highlights their quantum computing and AI capabilities in drug discovery.
Empowering Ethical Spending
In 2024, Goods Unite Us reached a groundbreaking milestone with over 1 million app downloads, underscoring its role as a trusted tool for Americans seeking to align their spending with their political and ethical values.
This achievement came during a high-stakes election year, as the platform empowered users to uncover how their purchases supported political campaigns, sparking widespread discussions about corporate transparency and consumer influence.
A highlight of the year was the launch of the "To the Moon" campaign, which took user engagement to new heights with a bold call to action: collectively redirect $1 billion in spending to companies that reflect users' principles.
Advancing Connected Cardiovascular Care
In 2024, MediCardia Health continued to enhance its digital health platform, focusing on connected cardiovascular care. A notable development was its partnership with Wearable Technologies, integrating their AI assistant, MAHI, to improve cardiology care.
Additionally, MediCardia released the HeartChart™ Mobile app, providing patients with access to their health data on smartphones, fostering personalized care and continuous engagement.
Transforming Neonatal Care
In 2024, mOm Incubators made incredible progress in neonatal care, raising £600,000 via a JustGiving campaign to advance its life-saving technologies. This milestone underscores growing recognition of the company’s impact.
The company also received a prestigious CHF 50,000 grant from the Arcondis Foundation, furthering the development of its Essential Incubator—the portable, space-saving device designed to provide safe, thermoregulated environments for newborns in both high- and low-resource settings.
A multi-center study in the UK confirmed that the Essential Incubator performs as well as traditional models in maintaining normothermia.
Pioneering Wellness with CBD and Mushrooms
In 2024, Restorative Botanicals solidified its position as a leader in wellness, expanding its premium CBD product line with mushroom-based gummies, combining medicinal mushrooms with trusted CBD formulations.
The company also secured a distribution agreement with Xebra Brands, positioning its products for broader market access.
Empowering Female Founders and Shaping Change
In 2024, Rethink Impact made major strides in supporting women entrepreneurs, surpassing $500 million in assets under management, solidifying its position as the largest U.S. venture fund focused on women-led startups.
Rethink Impact backed Vaulted Deep, a cutting-edge Carbon Dioxide Removal company that raised $32.3 million in Series A funding.
The firm also celebrated Eleanor Health's successful Series D round, securing $30 million to scale its innovative whole-person addiction care services, addressing one of society's most urgent healthcare challenges.
Additionally, Guidewheel, another portfolio company, raised $31 million in Series B funding to expand its AI-powered Factory Ops platform, which drives efficiency and sustainability across global manufacturing floors.
Leading the Renewable Revolution
2024 has been a year of exceptional growth and impact for RPD Energy as it continues to revolutionize the renewable energy sector.
RPD successfully completed multiple large-scale solar installations across North America, helping both businesses and communities reduce their carbon footprint while lowering energy costs.
Additionally, RPD Energy strengthened its partnerships with utility companies to integrate energy storage systems into regional grids, optimizing energy efficiency and grid reliability.
Powering Appalachia’s Solar Future
In 2024, Solar Holler continued its leadership in Appalachian solar energy, cutting the ribbon on a new 195-panel solar system in Gauley Bridge, WV, in partnership with the Appalachian Solar Finance Fund. This installation will save the town over $130,000, advancing the company’s mission to reduce energy costs.
The company also stood firm against proposed rate hikes by AEP and championed net-metering policies, ensuring fair compensation for solar producers in the region.
Ranked as West Virginia’s #1 solar contractor and the #2 residential installer in Kentucky, Solar Holler continues to drive sustainable energy solutions while fostering local economic development.
Leading the Charge in Data-Driven Energy Solutions
In 2024, Sunairio made significant strides in the energy sector, securing $6.25 million in funding to expand its cutting-edge AI-driven climate risk software. This milestone highlights the growing demand for advanced tools that help optimize grid reliability and support the integration of renewable energy sources.
Sunairio’s high-fidelity climate data platform continues to set the standard, offering unparalleled insights into climate risks and energy system performance. This year, the company partnered with Xcel Energy on a pilot project to simulate Colorado’s grid, improving planning for the variability of wind and solar power.
A Year of Monumental Growth
2024 has been a year of incredible milestones for Lettuce Grow! The company surpassed $7 million in funding, signaling strong investor confidence as it continues to drive sustainable change in the fresh food industry.
Lettuce Grow's loyal community of 140,000+ growers has already saved over 200 million gallons of water, upcycled 200,000 pounds of plastic, and prevented millions of pounds of CO2 emissions.
With Nook, Lettuce Grow continues to lead the way in transforming the $62 billion produce industry, setting new standards in sustainability, innovation, and accessibility.
A Breakthrough Year
2024 has been a remarkable year for Wattmore, with several key achievements propelling its leadership in energy management.
Highlights include the launch of Intellect EMS at 3ZERO3, a net-zero energy apartment building in Seattle, and the completion of a 1.8 MW solar and storage project on the Rincon Tribe Reservation in San Diego County, leveraging the Inflation Recovery Act.
The company also expanded its footprint with a new Nebraska energy storage project and a new collaboration with the electric utility for the City of Logan, Utah,
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MaSa Partners celebrates a remarkable year for its portfolio companies, acknowledging their resilience and adaptability in a challenging venture landscape. As we look ahead to 2025, we are excited for our companies to build on this momentum, delivering innovative and scalable solutions to address some of the world’s most pressing challenges.
