Here are all of the funding deals out of Boston tech and biotech companies this week, totaling about $117 million.
Friday, June 19
Tamr (Cambridge)
- Deal: $25.2 million, Series B (full story here)
- Investors: Hewlett Packard Ventures, Thomson Reuters, MassMutual Ventures, SineWave Ventures, Work-Bench Ventures, New Enterprise Associates, Google Ventures
- What they do: Software for helping organizations to extract more value from their huge quantities of data, which can be used for purposes such as plugging into visualizations and maps
- Other details: Funding will go toward growing sales as well as product engineering for Tamr’s data unification technology. Tamr’s founders are database pioneer and MIT professor Michael Stonebraker and Andy Palmer, a serial entrepreneur and founder of Koa Labs
Thursday, June 18
Microchips Biotech (Lexington)
- Deal: $35 million
- Investors: Teva Pharmaceutical Industries Ltd.
- What they do: Implantable drug delivery device, based on microchip technology originally developed at MIT by Robert Langer and Michael J. Cima
- Other details: Funding includes an equity investment and technology access fee
Cryptzone (Waltham)
- Deal: $15 million, Series B
- Investors: Kayne Partners (led the round), Medina Capital
- What they do: Software that aims to help organizations to avert cyber-attacks that come through privileged account and third-party users
- Other details: Funding will go toward the company’s sales and global expansion efforts
CureForward (Cambridge)
- Deal: $15 million, Series A
- Investors: Apple Tree Partners
- What they do: “Precision medicine” — molecular science for connecting patients with relevant information, treatment options and other patients
- Other details: Funding will go toward developing its technology platforms
Wednesday, June 17
Fullbridge (Boston)
- Deal: $15.4 million
- Investors: GSV Capital (led the round), "several high net worth individuals and family offices from the U.S. and Europe"
- What they do: Professional development and education, including a technology platform that aims to streamline program enrollment
- Other details: Funding will go toward expansion and technology platform development
Tuesday, June 16
Ministry of Supply (Boston)
- Deal: $1.5 million
- Investors: New and existing investors; the company isn’t disclosing specifics. Investors in previous rounds have included VegasTechFund (founded by Zappos CEO Tony Hsieh), SK Ventures and Red Sox pitcher Craig Breslow.
- What they do: “High-performance” menswear leveraging technological advances
- Other details: Funding will go toward adding more brick-and-mortar retail locations, beyond Boston and San Francisco. Company has now raised $6 million in total.
Monday, June 15
Philo (Boston, moving to Calif.)
- Deal: $10 million, Series B
- Investors: New Enterprise Associates (lead investor), CBC New Media Group, HBO, Rho Ventures, XFUND and CEO Andrew McCollum
- What they do: Live TV and DVR for college students available on computers, tablets, and smartphones
- Other details: The company, which was initially launched by Harvard students, announced it is moving its headquarters from Boston to San Francisco. "The direction we're going, and the talent pool and investor support are the strongest in the Bay Area," McCollum told the BBJ.
