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VC funding update: Boston startups raised $406.6M in June


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Job: Financial examiners Average pay: $97,300 Local pay compared to national average: 12.5% higher
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The fintech industry took the lead in funding this month with over $250M raised in aim to help emerging small businesses. Medical and health tech companies came in a close second with three local startups bringing in nearly $50M together.

And that was just from what we could count. 


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  • Realtime Robotics, an autonomous industrial robotics company, raised $31.4M in its Series A round. The funding round was led by HAHN Automation. The investment will go to improving its robotic capabilities. 
  • XRHealth, a virtual therapeutic clinic company, raised $9M in venture funding from Discount Tech. The funds will be used to expand sales & marketing. 
  • Forward Financing, a fintech company, closed a $250M credit facility led by one of the company's current capital providers. The funding will go to financing to small businesses nationwide.
  • Selux Diagnostics, an antimicrobial therapy company for Infectious Diseases, has been awarded $14.6M in funding from the Biomedical Advanced Research and Development Authority. This additional funding will aid Selux in implementing its microbiology technology. 
  • Gideon Brothers, a robotics and AI solutions company,  has raised $31M in Series A funding led by Koch Disruptive Technologies. The funding will go expanding Gideon's offices to the U.S., particularly in Boston.  
  • Punchbowl, an online invitations and digital greeting card company, raised $5M in financing from SG Credit Partners. The funding was used to acquire VidHug, a video technology company. 
  • Neurala, an AI software vision company, announced that it has raised $12M in funding to advance the development of vision AI for manufacturing. The round was led by Zebra Ventures.
  • Electra Vehicles, an AI software company that optimizes the performance of e-vehicle batteries, oversubscribed in its Seed Round of $3.6M led by the Italian investment group LIFTT S.p.A.  The funding will go to support of Electra's flagship product, EVE-Ai.
  • OROS, a scientific outerwear company, raised $14.5M in its Series A funding round led by Elizabeth Street Ventures and Enlightenment Capital. The funding will go to further refining its new manufacturing facility outside Boston.
  • Hospital IQ, a predictive hospital operations and communications company, raised $25M in Series C funding led by Baxter Ventures. The funding will go to " grow all areas of their business." 
  • AOA Dx, a medical research technology company, raised $2.5M in seed funding to bring the first ovarian cancer diagnostic blood test to market. The funding was led by Y Combinator.

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