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These 26 Boston Startups Raised $393M in June


UbU_Company_Photo
Cybereason''s Boston team celebrating its new UbU diversity initiative as part of Pride Month. Photo provided.

June was a big month for Boston startups raising capital. Based on announcements and federal filings we tracked, 26 startups raised a total of $393 million in June, far more than the $211 million 27 startups raised in May.

Four of the month's largest rounds were Cybereason's $100 million, CloudHealth's $46 million, Catalant's $41 million and Orig3n's $20 million. Other notable rounds include Dispatch, Freight Farms, Talla and Risk Recon.

Here are the 26 startups that raised $393 million in June:

• Catalant, the consultant marketplace provider formerly known as HourlyNerd, closed a $41 million investment that includes debt financing and a Series D round led by Highland Capital and General Catalyst, bringing total funding to $73 million.

• Celtra, a mobile creative management platform based in Boston, raised a $15 million round from Unilever and WPP.

• Chaos Sumo, which aims to turn Amazon's S3 cloud storage into "smart object storage" through its new service, raised a $1 million seed round from Stage 1 Ventures.

• CloudHealth closed a $46 million Series D led by Kleiner Perkins, with participation from Meritech Capital Partners and existing investors: 406 Ventures, Sapphire Ventures and Scale Venture Partners.

• Cybereason raised a new $100 million round from SoftBank. Total funding is now $189 million, and its other investors have included CRV, Spark Capital and Lockheed Martin, which, like SoftBank, started out as a customer.

• Dispatch, a Boston startup whose software aims to "Uberize" the home services industry, raised a $12 million Series A led by Needham-based VC firm GrandBanks Capital and one of its largest customers, Fortune 1000 company ServiceMaster.

• Exari, a local provider of enterprise contract management software, raised a $24 million round from Wellington Financial. Exari used some of the funding for its recent acquisition of Adsensa.

• Freight Farms closed a $7.3 million Series B round led by Spark Capital.

• Glance Networks raised almost $4 million in an equity offering, according to a new Form D. The software company, which, among other things, provides solutions for screen sharing, is looking to raise a total of $7 million for the round.

• GreatHorn, a Belmont-based cybersecurity startup, raised a $6.3 million Series A round from TechStars Venture Capital Fund and .406 Ventures, with participation from existing investors, including ff Venture Capital, SoftTech Ventures and RRE Ventures.

• Julia Computing raised $4.6 million from General Catalyst and Founder Collective to commercialize the Julia open source programming language.

• Krypt.co closed a seed round of $1.2 million led by Rough Draft Ventures and General Catalyst. Other investors were Slow Ventures, SV Angel and Akamai Labs.

• LoyaltyExpress, a Woburn-based provider of marketing automation and cloud-based CRM solutions for mortgage companies and banks, raised an undisclosed amount of capital from New Capital Partners.

• M.Gemi, the Boston-based online retailer that sells Italian-made shoes for men and women, raised $16 million, The Boston Globe reported. The company added it plans to open its second physical store in the Prudential Center.

• MiniLuxe raised over $9 million in an equity offering, according to a new Form D. The filing says the company is looking to raise $18.6M total.

• Nexamp raised over $14.5 million in an equity offering, according to a new Form D. The company is looking to raise around $19.6 million total.

• Optimus Ride, a Boston self-driving car startup, raised $1 million out of a $2 million debt offering, according to a new Form D that just came through. The startup had previously raised a $5.25M seed round led by NextView Ventures and FirstMark Capital last fall.

• Orig3n, a Boston-based biomedical research company, raised a $20M round led by Hatteras Venture Partners. Other investors include Spectrum Health Ventures, LabCorp and Syno Capital. The company makes DNA tests that let you uncover your genetic traits and give you insights into things like what kind of foods you should be eating.

• RiskRecon raised a $12 million Series A round. The investment was led by Dell Technologies Capital, with contributions from F-Prime Capital Partners and General Catalyst Partners, which led RiskRecon’s $3 million seed round. The new money will go toward product development and sales and marketing, RiskRecon founder and CEO Kelly White told Xconomy.

• SLIPS Technologies, the Cambridge-based company that creates slippery coatings for multiple industries, raised $8.6 million in new financing. Investors were, among others, Anzu Partners, BASF Venture Capital, private investor and Swiss entrepreneur Hansjörg Wyss and the Massachusetts Clean Energy Center.

• Squrrl, a Cambridge cybersecurity startup whose founders include 6 former NSA employees, raised a $12.3 million Series C led by Spring Lake Equity Partners.

• Talla, a Boston startup making enterprise chatbots for Slack and Microsoft Teams, raised an $8.3 million Series A led by Glasswing Ventures. The startup, which was started by Backupify founder Rob May, is one of the first investments made by Glasswing, a new AI-focused VC firm in Boston started by Rudina Seseri and Rick Grinnell, who were former partners at Fairhaven Capital Partners in Cambridge for nine years.

• Tive closed a $3 million seed round led by Accomplice, with participation from NextView, Bolt and Hyperplane.

• Tripleseat, a Concord-based provider of sales and event management software, announced it has secured $7 million in growth capital. The funding was secured from New York-based growth equity firm Level Equity. The company had been bootstrapped since it started in 2008.

• Tulip, a manufacturing software startup led by Formlabs co-founder Natan Linder, raised a $13 million Series A led by New Enterprise Associates, with participation from Pitango VC and angel investors.

• Zaius, a provider of behavioral marketing software, added $6.5 million to the $8 million round it closed last summer, according to a new blog post. Boston VC firm Underscore.VC once again led the round, with participation from Matrix Partners and Leaders Fund.


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