What a month it's been! Boston startups have been very active with their fundraising efforts, and that's very apparent when you look at startup funding from May. With 27 startups that raised more than $211 million, both the number of startups raising money and total money raised is up from April, when 16 startups raised $167 million.
This analysis is, of course, based on a combination of SEC filings and company announcements we have seen, so it may not represent all fundraising efforts in May. For the startups we know about, LevelUp led the way with a $50 million round. Other startups that raised a lot of money included Fuze, 128 Technology and CounterTack.
Here are the 27 Boston startups that raised a total of more than $211 million in April:
• 128 Technology closed a $21.5 million Series C round. Investors in the round included G20 Ventures, executive management members and current employees of 128 Technology, and individual investors. The company said it will use the money to expand its platform, which is a sort of "smart router" that can intelligently manage Internet traffic.
• American Robotics, a developer of drone technology for commercial farming, raised a $1.1 million seed round led by angel investors, whose names were not disclosed, with participation from Brain Robotics Capital.
• Asimov Inc., a biotech startup focusing on accelerating the design of new cellular functions using genetic circuits, raised $4.7 million, according to an SEC filing. The round was led by Andreessen Horowitz, according to Dan Primacy of Axios. The founder is Alec Nielsen, a doctoral graduate from MIT's Biological Engineering program. Nielsen is also an entrepreneur-in-residence at Boston-based VC firm Pillar.
• Avant-garde Health, a healthcare analytics startup working out of Harvard Launch Lab, raised a $3.9 million round, according to an SEC filing.
• CareAcademy, which provides online classes for senior caregivers, raised a $1.5 million seed round led by Rethink Education.
• Centage, a startup that provides automated budgeting and finance forecasting software, raised a $2 million round, according to an SEC filing.
• CIMCON Lighting, a provider of IoT-powered lighting management solutions based in Billerica, Mass., raised $15 million in Series B funding led by Energy Impact Partners.
• ConnectRN secured $2.5 million in debt funding, an SEC filing showed. The Auburndale, Mass.,-based company makes software used to connect hospitals with part-time nurses looking for open shifts.
• CounterTack, a cybersecurity startup, raised $20 million in growth funding. The Series D round was led by Singtel Innov8, the venture capital arm of The Singtel Group, along with SAP National Security Services.
• DropWise Technologies, a Cambridge-based developer of chemical coating for power plants, raised $2.7 million, according to an SEC filing.
• Fuze added an additional $30 million to the $104 million round it closed earlier this year. The company's co-founder and executive chairman, Steve Kokinos, says that the round was led by one of the top public pension funds in the world, but the company has declined to name the firm.
• Humatics Corp. raised $16.5 million from 55 undisclosed investors, the BBJ reported. The Cambridge-based startup, which works at the intersection of robotics and Internet-connected devices, is seeking up to $6 million more.
• Infinite Analytics, which provides conversational artificial intelligence for ecommerce companies, raised an undisclosed amount of funding from Byramjee Jeejeebhoy Group, "one of Mumbai's oldest and prestigious family offices." The startup had previously raised over $2.5 million from investors.
• LevelUp, one of BostInno’s 17 Boston tech companies to watch in 2017, raised a $50 million round led by JP Morgan Chase, US Boston and Centro Credit Bank. Read more about the fundraise here.
• Noobaa, a new startup that is providing object storage services, raised an undisclosed amount of money from Jerusalem Ventures Partners, OurCrowd and Akamai. The company also announced it has hired Michael Thomson as CEO. He was previously president and CEO of Sepaton, which was acquired by Hitachi.
• Numerated, a fintech startup incubated within Eastern Bank, came out of stealth mode with a $9 million Series A led by Venrock and Cultivation Capital FinTech Fund. Multiple banks, including Eastern, as well as Boston VC firm Hyperplane and FIS, a publicly traded fintech company, also participated.
• Owl Labs, a video conferencing startup founded by two iRobot veterans, confirmed it has raised a $6 million Series A financing led by Matrix Partners.
• Pragya Systems, an education software company based in Cambridge, raised $1.7 million from investors, per an SEC filing.
• Punchbowl, which provides a platform for digital gift cards, raised $4 million in an equity offering, according to an SEC filing.
• RateGravity, which provides an online service for matching home buyers with low-interest mortgages, closed a $2 million round. Investors include Evertrue co-founder and CEO Brent Grinna, who led the round through BOSS Syndicate, the AngelList syndicate run by Accomplice. Other investors in the round include Chicago VC firm Listen, C Space Chairman Diane Hessan, GasBuddy CEO Walt Doyle, former PayPal Media exec David Chang and InsightSquared CEO Fred Shilmover.
• Scansorial, the Cambridge startup behind the educational, gravity-defying Root robot, has raised a $2.2 million round, according to an SEC filing. We wrote about the Harvard spinoff's effort to solve the STEM skills gap with a robot last year.
• Sea Machines Robotics, a developer of marine self-driving system, raised a $1.5 million round led by LaunchCapital. Other participants included Accomplice, Techstars, LDV Capital and the Geekdom Fund.
• Soofa, which builds smart benches that let you charge your phone, raised $2.5 million from Pillar and Underscore.VC. Soofa is also making a solar-powered information display for bus and train arrival times and upcoming events.
• StreetScan, a Burlington-based provider of road inspection technology, raised $1.5 million from a subsidiary of China Merchants Group.
• Tamr, which uses machine learning technology to clean up data and make it more useable, raised an undisclosed amount of money from the venture capital arm of GE, which is a customer.
• User Interviews, which helps companies conduct interviews with users, raised a $1 million seed round led by Accomplice. The company counts AT&T, DirectTV, Eventbrite and Glassdoor among its clients.
• Wasabi, a startup founded by Carbonite founders David Friend and Jeff Flowers, confirmed it has raised $8.5 million to date. Investors included Sycamore Networks founder Desh Deshpande, former Data General CEO Ron Skates and longtime Greylock partner Howard Cox.
Think we're missing a company? Email me at dmartin@americaninno.com.
