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25 Key Funding Deals in Boston Tech This Year


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Photo Credit: American Inno

Regardless of how much venture capital Boston tech may end up having raised this year overall, a number of up-and-comers locally did pull off major funding rounds to support their development and expansion efforts. To give a sense of some of the most interesting Boston companies who raised millions this year, we've whittled down the list of hundreds of deals to these 25.

I've included five at each of five different stages: Seed; Series A, B and C; and Late-stage/Growth equity. (I'm excluding deals for companies that were acquired or went public within this same year, such as Wayfair).

Seed

Dispatch

  • Mobile tech for the enabling new offerings in the on-demand economy
  • $3.1 million (November)
  • GrandBanks, Promus, Ray Lane, Salesforce Ventures, LaunchCapital, Kima Ventures

Drizly

  • On-demand alcohol delivery app
  • $4.8 million ($2.3 million in Jan. and $2.5 million in May)
  • Gary Vaynerchuk, Suffolk Equity Partners, Continental Investors

Grove

  • Easy-to-use indoor food-growing system
  • $2 million (May)
  • Timothy Ferriss, Galvanize Ventures, Vayner/RSE, Felicis Ventures, Upfront Ventures

Tablelist

  • App to book VIP table/bottle service at nightclubs/lounges; aims to become the “after-dark OpenTable”
  • $2 million ($1.5 million in July and $500,000 in August)
  • Jason Carroll (Hudson River Trading), Wayne Chang (Crashlytics founder/Twitter executive), Atlas/Boston Syndicates

Transatomic Power

  • Nuclear reactor technology startup
  • $2 million (August)
  • Founders Fund (FF Science)

Series A

DataRobot

  • Leverages big data to produce predictive models in the cloud for various industries
  • $21 million (August)
  • New York Life Insurance Co, IA Ventures, Atlas Venture

Disruptor Beam

  • Pop-culture-themed online games, including “Star Trek Timelines”
  • $3.2 million (Nov.)
  • CommonAngels, GrandBanks, Harmonix founders

PillPack

  • Next-gen online pharmacy; service delivers prescriptions in individualized packets to patients’ doors
  • $8.8 million (October)
  • Accel, Atlas

Quanttus

  • Wearable device to provide continuous health monitoring and analysis to consumers
  • $19 million (Feb.)
  • Matrix Partners, Kholsa Ventures

Wanderu

  • Kayak-esque site for ground travel booking; aims to help users easily find the cheapest fares and most-ideal itineraries for bus travel (and some train travel)
  • $5.6 million (Nov.)
  • 500 Startups, Barbara Corcoran Venture Partners, Brad Feld

Series B

Circle

  • Easy-to-use bitcoin accounts for consumers
  • $17 million (March)
  • Breyer Capital, Accel, General Catalyst, Oak Investment Partners

Evertrue

  • Donor management platform used by universities and nonprofits
  • $8 million (Oct.)
  • Bain Capital Ventures

Kensho

  • Artificially intelligent software for answering finance industry questions
  • $15 million (Nov.)
  • Goldman Sachs

Kinvey

  • Service for easier setup of mobile app backend, used by large companies as well as developers
  • $10.8 million (Sept.)
  • Atlas, Avalon, Verizon Ventures

Quantopian

  • Software to allow any finance-minded individual to become a stock trading “quant"; now developing a new type of hedge fund that crowdsources investment decisions from users of its system
  • $15 million (Oct.)
  • Spark, Khosla Ventures, Bessemer

Series C

Ambri

  • Energy storage technology that aims to solve a number of electrical grid issues
  • $35 million (April)
  • Bill Gates, Khosla Ventures, energy firm Total

DraftKings

  • Daily fantasy sports competitions site; users are able to play against each other for cash prizes
  • $41 million (Aug.)
  • Redpoint, GGV Capital, Atlas

InsightSquared

  • Salesforce analytics software
  • $13.5 million (Nov.)
  • Atlas, DFJ, NextView

Localytics

  • Analytics and marketing platform for mobile and Web apps
  • $16 million (Feb.)
  • Foundation Capital, Polaris

SilverRail

  • Standardized system for booking plane tickets that is used by airlines and travel services; enables travelers to book train tickets the same way for every rail line
  • $40 million (April)
  • Mithril Capital Management, Canaan Partners, Sutter Hill Ventures, Brook Venture

Late-stage/Growth equity

Acquia

  • Products, services and technical support for Drupal
  • $50 million (May)
  • New Enterprise Associates, North Bridge, Sigma Partners

Actifio

  • Software for managing and reducing data copies
  • $100 million (March)
  • North Bridge, Greylock, Andreessen Horowitz, ATV, Technology Crossover Ventures

Applause (formerly uTest)

  • Crowdsourced app testing service and quality assurance software for app stores
  • $43 million (Jan.)
  • Goldman Sachs, Longworth, Scale Venture Partners

SimpliSafe

  • Affordable, easy-to-install next-gen home security system
  • $57 million (May)
  • Sequoia

Veracode

  • Cybersecurity software used by large companies to ensure that applications are free of vulnerabilities
  • $40 million (Sept.)
  • Wellington Management, Atlas, .406 Ventures
See related:

A Look at 22 Big Exits in Boston Tech This Year


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