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These 24 Boston Startups Raised More Than $229M in November


Edmit
Image: Edmit co-founders Sabrina Manville (left) and Nick Ducoff (right). Photo by Lucia Maffei / BostInno

Maybe it was the turkey. Maybe it was the tofurkey. For whatever reason, Boston startup funding in November only reached a little over $203 million, a 40 percent decrease from the previous month. There were also fewer startups that raised money this month.

The largest November rounds came from Markforged's $30 million, Locus Robotics' $25 million, and ReversingLabs and Recorded Future, both of which also raised $25 million each.

Here are the 24 startups that raised more than $229 million in November:

• 1366 Technologies, a GE-backed solar technology company, raised a $9 million round, according to BBJ. The round was backed by an undisclosed strategic backer and its previous investors.

• Armada Logistics, a startup founded by Weft founder Marc Held, raised a $1.3 million round, according to a new Form D. We first wrote about Armada and its focus on supply chain analytics last year.

• Assemble Systems, Salem-based construction data startup, raised a $12 million Series A led by California software giant Autodesk, BBJ reported.

• BetterLesson raised a $10 million Series B round led by Owl Ventures, with the participation of existing investors Michael & Susan Dell Foundation, New Markets Venture Partners and Reach Capital.

• Cake, a Boston-based end-of-life planning platform, raised a $1.35 million seed round led by local venture capital firm Pillar. Cake’s seed round — which also included participation from Launch Capital, Arkitekt Ventures and Honeycomb Portfolio — will be used for marketing and software development.

• ClimaCell, which provides granular weather data using wireless networks, raised a $15 million Series A round led by Canaan, with participation from Fontinalis Partners and Square Peg Capital.

• Edmit, an early-stage edtech startup, closed an $855,000 pre-seed round with participation from Bessemer Venture Partner’s 15 Angels fund, Rethink Education’s seed fund in partnership with Southern New Hampshire University, and Boston and non-Boston investors including Rob Biederman, founder and co-CEO of Catalant.

• Gamalon — a startup that has developed machine learning techniques for recognizing concepts in images or text more efficiently — has raised $800,000 for a financing round, which has a $2 million target, according to a new Form D. The startup was founded by Ben Vigoda, who sold his previous startup Lyric Semiconductor to Analog Devices. It previously raised a $4 million round last year.

• Genialis, a provider of cloud-based software for visualizing and interpreting genome sequencing data, raised a $2.3 million with First Star Ventures as one of its lead investors, Xconomy reported.

• Goji, an online insurance quote website, raised a $15 million round led by Hudson Structured Capital Management. The company recently appointed Peter Breitstone as its new CEO.

• LearnBolt, which is developing a cloud-based learning platform for businesses, raised $50,000 in a debt and option offering, according to a new Form D.

• Locus Robotics, a Wilmington-based provider of collaborative robots that help fulfill ecommerce orders, raised a $25 million Series B round led by Scale Venture Partners.

• Markforged, a 3D printing startup, raised a $30 million Series C round from three of its customers — Microsoft Ventures, Porsche and Siemens' next47 fund.

• Panorama Education, a Boston-based startup promoting a data-driven approach to the overall assessment of students, raised $16 million in a Series B round led by Emerson Collective, with participation from Spark Capital, Owl Ventures, SoftTechVC and the Chan Zuckerberg Initiative.

• PathAI, a startup developing AI software for pathology, raised an $11 million round led by General Catalyst, Xconomy reported.

• Privy, a marketing tech startup, raised a $2.1 million round led by Accomplice.

• Pwnie Express raised an $8 million round led by existing investors, including .406 Ventures and Ascent Venture Partners. The cybersecurity company also announced Todd DeSisto as its new CEO. DeSisto, who had been a board member and was previously CEO of Axeda Corporation, is taking over from Paul Paget, who is now EVP of strategy.

• Recorded Future raised another $25 million from New York-based Insight Venture Partners, BBJ reported. Previously, the Somerville-based company attracted funding from the investment arms of Google and the CIA.

• ReversingLabs raised $25 million in Series A funding from Trident Capital Cybersecurity and JPMorgan Chase, among other investors, Xconomy reported.

• Smartvid.io added a little more than $2 million to its Series A, with more money coming from Borealis Ventures and Pritzker Group Venture Capital joining as a new investor, a spokesman told BostInno. This brings the company's Series A round to $9.4 million now, and Travis Connors of Borealis has joined the company's board as a result.

• ThirdChannel, a provider of real-time data analytics for brick-and-mortar retail stores, raised a $7 million Series A round led by Fung Capital. The company's CEO and founder Gina Ashe previously co-founder Krush and Sermo, as reported by Xconomy.

• Twine Health, a cloud-based software platform focused on chronic care, raised $1.5 million in a Series A1 funding round led by Qiming Venture Partners USA.

• Umajin, an easy-to-use software development platform, raised $5.5 million from private investors to expand its go-to market capabilities, ramp up channel partnerships and make sales and marketing hires, particularly at its Woburn HQ.

• Yottaa, a web and mobile optimization software company based in Waltham, raised a $3.4 million round of funding, according to a new Form D. This comes about a year after the company raised a $13 million financing round and named Endeca vet Rich Stendardo as its new CEO.


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