Get a daily dose of Boston startup funding news in The Beat. Sign up here. New Money is BostInno's report on all the tech funding deals this week. Check back for updates.
Pillar (Boston)
- Amount: Looking to raise $100 million for its first fund.
- Details: Pillar is a new VC firm launched by former North Bridge partner Jamie Goldstein, who was also a former president of the New England Venture Capital Association. The firm filed a Form D with the SEC Thursday morning that it's looking to raise $100 million for its first fund. While little is still know about the firm yet, Goldstein has been writing about his thoughts on investing on Medium, questioning the standard practice of taking "preferred" shares in companies—which gives investors special privileges in the event of a sale of future funding round. "We put ourselves on opposite sides of table from our entrepreneurs right from the beginning,” he told us in March.
- Form D
Threat Stack (Boston)
- Amount: $15.4 million
- Investors: Round led by Scale Venture Partners, with participation from existing investors Accomplice and .406 Ventures.
- Details: Threat Stack is a cybersecurity startup that recently released a cloud security platform that aims to replace the need for companies to run multiple security products on their cloud servers. The startup, which is led by Brian Ahern, plans to use the funds to double its headcount with an expansion in its sales, marketing and engineering teams, as well as moving into a new Boston headquarters in the coming months. Ariel Tseitlin, a partner at Scale and former Netflix director of cloud solutions, is joining the startup's board as part of the round. Total funding is now at $26 million.
- Form D
Sample6 Technologies (Cambridge)
- Amount: $1.9 million
- Investors: Four investors listed on a Form D filing.
- Details: Sample6 is an MIT spinoff that has developed a pathogen detection tool and environmental monitoring program to improve food safety. In a Form D filed last week, the startup disclosed that it has raised $1.9 million out of a $4 million debt offering. Past investors include Founder Collective and Flybridge Capital Partners.
- Form D
