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These 30 Boston Startups Raised Over $144M in August


CODiE Awards copy
Evergage's team. Photo provided by Evergage.
Evergage's team at the 32nd annual SIIA CODiE Awards. Photo provided by Evergage.

August was a down month for Boston startup funding, at least in comparison to June and July, when startups raised a total of $393 million and $418 million, respectively.

This month, more startups raised money, but at $144 million, the total funding amount was far less than the two previous months. That's because August didn't see any monster deals like Desktop Metal's $115 million round in July and Cybereason's $100 million round in June.

One important caveat to this month's list: It includes the presale for AirFox's Initial Coin Offering of its new cryptocurrency, so if that doesn't count in your mind, you can subtract $6.5 million from the full $144 million figure. At the same time, it could be a sign of how more startups plan to raise money in the future (unless the crypto bubble bursts).

Here are the 30 startups that raised $144 million in August:

• AirFox, which aims to make the mobile Internet more accessible through its new cryptocurrency, raised $6.5 million as part of the pre-sale for its Initial Coin Offering, which is basically a crowdsale done through a cyrptocurrency. The Techstars alum plans to hold its $21 million ICO on Sept. 19.

• Altaeros, which develops autonomous aerostats, announced that it has received $7.5 million in new funding from SoftBank Group, TechCrunch reported.

• Altiostar Networks, which provides mobile network operators with the equipment to deploy and expand their LTE networks, raised almost $2 million in a new equity offering, according to a new Form D.

• Anova Data raised $1.4 million, according to a new Form D filing.

• Artaic, a technology-enabled maker of custom mosaic tile installations, raised a $2.1 million round from China-based Lesso and InTeahouse, Xconomy reported.

• Buoy Health, a Boston-based digital health startup, closed a $6.7 million Series A round led by F-Prime Capital and an undisclosed strategic investor in the healthcare payer space. Read the full story here

• CareAcademy, which went through Techstars Boston earlier this year, closed a $1.7 million seed round, with lead investors Rethink Education, Lumina Foundation and Techstars Venture Capital. Read the full story here.

• Day Zero Diagnostics, a Harvard Innovation Lab startup, raised a $3 million seed round led by Golden Seeds and Sands Capital Ventures.

• Deftr, a new startup that uses artificial intelligence to help companies diagram corporate structures, raised $2 million out of a $3 million debt offering, according to a new Form D filing. The company, which was part of Y Combinator in 2016, launched a few months ago.

• Digital Immunity, a cybersecurity startup, raised $375,000 of a $1 million offering, according to a new Form D. The company announced a strategic partnership last year with In-Q-Tel, the VC arm of the CIA.

• Elsen, one of BostInno's fintech startups to watch, has raised $930,000 out of a $1.75 million offering, according to a new Form D filing.

• Evergage raised a $10 million Series C led by Arrowroot, the growth equity firm that led its previous round. Read the full story here.

• Gamer Sensei, an esports coaching platform, raised a new $4 million round from a group of venture capital firms, including lead investors Cambridge-based Accomplice and Norwood-based Advancit Capital. Read the full story here.

• GNS Healthcare, a machine learning and data analytics startup, raised $6 million in a round of funding led by the investment arm of biotech giant Amgen, Xconomy reported. The investment is a part of the company's Series C round, now at $23 million

• Intelycare, a provider of healthcare staffing software, raised a $3 million round, according to a new Form D filing.

• Jebbit closed a $6.8 million Series A led by Manifest Investment Partners, a San Francisco firm founded by longtime Brand Networks executive Paul Falzone and MIT data science professor Sinan Aral. Read the full story here.

• Namogoo raised a $8 million Series A round led by GreatPoint Ventures. Blumberg Capital and Inimiti Capital also participated in the round.

• Neurable, a brain-computer interface tech startup, raised an undisclosed amount of funding from the Zell Lurie Founders Fund at the University of Michigan's Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies.

• PlenOptika just raised $50,000 out of a $1 million offering, according to a new Form D. This Harvard iLab startup focuses on providing eye care for all.

• Quanterix Corporation announced it has raised $8.5 million in private financing. T. Rowe Price Associates led the round.

• Rethink Robotics added $18 million to its Series E round of investment, BBJ reported. The addition brings the company’s total funding to just under $150 million.

• Root Robotics announced a $2.5 million seed round led by TLP Investment Partners. The company is building robots and software that teach coding skills to students at any level.

• Signature Medical raised a $2.5 million Series A round from Bose, Riot Ventures and Allied Minds, the latter of which helped create Signature Medical.

• Smilo, a new Boston startup making design-conscious baby products, raised $3.25 million between two seed rounds that were led by Brand Foundry and Norwest Venture Partners, BBJ reported.

• SnapApp, a Boston-based provider of an interactive content marketing platform, raised a $10.2 million Series B round from Providence Strategic Growth, the growth equity arm of Providence Equity Partners. Read the full story here.

• Spyce, a robotics startup working on a full-functioning automated kitchen, raised over $1.2 million in an equity offering, according to a new SEC filing.

• Tinkergarten raised $5.4 million from Owl Ventures, Omidyar Network (the philanthropic investment firm established by eBay founder Pierre Omidyar and his wife Pam) and Reach Capital. Read the full story here.

• Torque Therapeutics, a stealthy biotech company, raised $21 million from Flagship Pioneering and other investors, BBJ reported. According to a federal filing, the company has also moved into a new office in Kendall Square.

• Zorpads, a Harvard Business School-born venture, raised $25,000 from Rough Draft Ventures to complete its first manufacturing run, which it did a few weeks ago. Read the full story here.


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