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These 18 Boston Startups Raised More Than $428M in December


Chet-Kanojia-Headshot-1
Starry CEO and founder Chet Kanojia, who previously founded Aereo.
Chet Kanojia, founder and CEO of Starry.

It may seem like Boston startups raised a lot more money from investors than last month, but that's mainly because of Ginkgo Bioworks' whopping $275 million Series D, which accounts for over 64 percent of the more than $428 million raised in December.

Beyond Ginkgo, other startups that raised large rounds this month include Indigo ($47 million), SolidEnergy Systems ($34.4 million) and Starry ($31 million).

Here are the 18 Boston startups that raised more than $428 million in December:

• Asimov, an MIT-born startup with a plan to build a “one-stop shop for genetic circuit design,” raised $4.7 million in a seed financing round that closed back in May but was announced on Tuesday, BBJ reported. Andreessen Horowitz led the round and was joined by Pillar, Data Collective and AME Cloud Ventures.

• Authess, an edtech startup, raised a $516,000 funding round, which has a target of $1 million, according to a new Form D.

• Clora raised $3.3 million in a seed funding round led by Spark Capital, with participation from Social Capital, Ludlow Ventures and others. The company provides an on-demand labor marketplace for biotech and pharma.

• Coeo, an app-based network that allows users to book studio fitness classes, raised a $160,000 round of "friend and family fundraising," the company wrote in a press release.

• Commonwealth Crypto, a stealthy crypto startup led by a Boston University professor Sharon Goldberg, raised a $1.5 million seed round that was co-led by Underscore VC, Highland Capital, Notation Capital and the founders of United Bitcoiners. The startup's co-founders, Goldberg and Ethan Heilman, were previously part of the team behind a trustless anonymous payment hub for Bitcoin transactions called TumbleBit. Commonwealth Crypto is developing tech that can ensure that crypto traders maintain custody of their tokens while using an exchange.

• Elsen, one of BostInno's 14 fintech startups to watch this year, raised a $2.4 million seed extension round led by local VC firm Hyperplane. Jack Klinck, managing partner at Hyperplane who was previously an executive at State Street, has joined the company's board of directors with this fundraise. The company provides a big data platform to help hedge funds, banks and insurance companies gain important insights from large heaps of data.

• Ginkgo Bioworks, a Boston-based biotech startup, raised a $275 million Series D funding round, putting the company’s valuation at over $1 billion, TechCrunch reported.

• Horsepower Technologies, which is developing rehabilitation technology for horses, raised $4.8 million, according to a new Form D.

• Indigo, a Boston-based agricultural tech firm, raised an additional $47 million in Series D funding round after a $156 million round that granted the company the official status of "unicorn" in late September. Investment Corporation of Dubai was the largest investor of the round's second close.

• MC10 Inc. raised nearly $15 million, BBJ reported. The Lexington-based company makes wearable electronic patches to collect biometric health data.  

• Mobile Monkey, WordStream founder Larry Kim's new chatbot startup, raised a $3.3 million round, according to a new Form D. Kim left WordStream back in March.

• Qleek — a Bolt-based startup that is making a new physical media format for music and other kinds of online streams — raised $412,000 for a new round, which has a target of $662,000, according to a new Form D. The startup recently appeared on an episode of Gimlet Media's startup pitch podcast, The Pitch.

• Senscio Systems raised a little over $3.9 million in an equity offering, according to another Form D.

• SolidEnergy Systems, a Woburn-based energy company, raised almost $34.4 million in an equity offering, according to a new form D.

• Starry, the broadband startup from Aereo founder Chet Kanojia, raised $31 million in new funding, BBJ reported. According to the company's filing for the round, it's looking to raise $55 million at the most, which would bring the company's total funding to $118M.

• VeraCloud Technologies, which provides software for government contractors, is looking to raise a $2.5 million round, according to a new Form D. The filing indicates the company, which is a MassChallenge alum, has raised $20,000 so far.

• Volta Networks, which is developed next-generation routing technology, raised $775,000 for a funding round, which was a $1 million target, according to a new Form D.

• WiserTogether — a Boston-based provider of a platform that combines information from different sources to provide patients with the best treatment options — raised $575,000 in a debt and option offering, according to a new SEC filing.


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