The Boston-area innovation sector hustled through the end of the summer, with a group of startups, tech companies and other organizations pulling in more than $2.1B during the month of August.
The majority of funding poured into biotech companies, which raised a combined $1.1B, or about half, based on the roundup below. Not including IPO's, the largest of those raised was Flagship Pioneering-backed Laronde, which launched just three months ago. Software companies brought in a combined $461M.
The largest tech fundraising was support software provider Reify, which raised $220M in Series C round.
A handful of IPOs, venture capital funds and government grants are also listed below and not included in the total.
Biotech
California-based medical-imaging company Exo raised $220M in a Series C funding round led by Boston-based investor RA Capital Management.
Iterative Scopes, which developed an AI software that can analyze gastrointestinal images and videos, raised $30M in a Series A round led by Obvious Ventures with participation from Eli Lilly, Johnson & Johnson Innovation, Breyer Capital and Seae Ventures.
Waltham-based SeQure Dx, a gene-editing diagnostics company, raised $17.5M in Series A funding.
Adagio Therapeutics went public on Aug. 11, hitting the Nasdaq with a $309M IPO.
Cambridge drugmaker EQRx is going public in a $1.8B SPAC deal backed by biotech venture firm Casdin Capital and the hedge fund Corvex Management.
Waltham immuno-oncology startup Immunitas Therapeutics raised a $58M round led by Agent Capital.
Cambridge biotech company Jnana Therapeutics raised $50M in a Series B financing round led by RA Capital Management.
OcuTerra Therapeutics Inc., a Boston company that's developing an eye drop by the patient at home to treat diabetic retinopathy earlier to preserve vision, raised another $17M. That brings the total amount raised since its first filing (in 2019) to $31.5M.
Woburn's Neurogastrx Inc. raised $60M in its Series B round led by Vivo Capital. The startup plans to use the funds to advance its gastrointestinal disorders pipeline, including the launch of a Phase 3 trial for an erosive esophagitis drug in the U.S.
Hilltop Biosciences Inc. of Norton, which is developing veterinary treatments to help horses regenerate damaged tissue, has raised $174K of a $1.4M equity investment.
Overjet, a Boston-based AI X-ray developer for dental clinics, raised $27M in a Series A funding.
Atavistik Bio, a Cambridge-based biotech company, raised $60M in a Series A funding through venture capital firm The Column Group.
Boston-based biotech company Laronde raised $440M in its Series B round from multiple investors.
Cambridge biotech Aviceda, which is developing glyco-immune therapeutics, raised $1.9M in a debt offering with seven investors participated.
Praesidia Biotherapeutics Inc., an Arlington maker of a platform that seeks to improve the therapeutic outcome of drugs, raised $4M as the first tranche of an offering worth $10M involving 55 investors.
GentiBio, an immunology startup, raised $157M in venture capital. The startup plans to ready its lead candidate for the clinic in early 2022.
Meetcaregivers Inc., a marketplace for seniors seeking caregivers, raised roughly $1M from multiple investors.
Software
SciAps Inc., a Woburn-based company that develops devices that can analyze minerals, raised another $7.2M in debt financing last week from six investors.
Armored Things raised $12M in a Series A financing round led by Nimble Ventures. The company uses existing technology (think security cameras, heat maps and WiFi) to track people’s movements through a space.
Wearable tech unicorn Whoop has raised $200M, led by SoftBank, in a Series F round led by Softbank Vision Fund 2. The company now claims a $3.6B valuation.
Boston-based restaurant technology firm Toast Inc. is going public, filing to raise up to $100M, the BBJ reports.
BLDUP, a Boston-based market intelligence platform for the commercial real estate, construction and development industry, has closed a $2M pre-seed round.
True Fit, a data-driven personalization platform for footwear and apparel retailers, raised $11.7M as part of an equity offering worth $14.2M from five investors.
Sports Innovation Lab, a Boston-based market research firm for sports brands, raised $2.2M as part of an equity offering worth $3M involving 11 investors.
Reify, a support software provider, raised $220M in Series C funding, led by Coatue Management. The 15 investors also included ICONIQ Capital, Adams Street Partners, Sierra Ventures and Battery Ventures.
Boston-based Tinyhood, which provides online parenting classes, raised $5M from 12 investors.
Boston-based Smart Lunches, which prepares and delivers meals to preschools and adult day care centers, raised $1.2M as part of an equity offering worth $1.5M. A total of 29 investors participated.
Cleantech & Greentech
Malta Inc., a Cambridge-based thermo-energy company, raised another $10M in equity. The fundraising brings this round's total to $60.8M.
WeSpire, an employee experience platform for environment, social and governance initiatives, announced it raised a $13M Series B round of funding led by Level Structured Capital, an affiliated fund of Level Equity.
Boston-based Nexamp raised $240M in an equity investment led by Generate Capital.
Telecom
Enginius, the legal name of Boston-based startup Machinery Partner, raised $4.5 M in seed funding.
Fintech
Travel fintech company Hopper, which has about 75 employees in the Boston area, raised $175M in a Series G funding round led by new investor GPI Capital.
Boston-based Foundation Devices Inc., maker of a $299 hardware wallet for bitcoin, raised $2.5M in equity from 22 investors.
Funds
Early-stage venture capital fund Newtopia VC launched Monday with $50M to invest in tech startups based in Latin America.
Companyon Ventures, a Boston-based venture capital firm focused on business-to-business software startups, closed its second fund at $27.5M, according to the firm's co-founders.
Ecosystem supporters
MassDevelopment has provided a $1.5M loan from the Emerging Technology Fund (ETF) to Beeken Biomedical LLC, a Stoughton-based life sciences company that commercializes products in the field of bleeding control. Beeken will use proceeds to hire employees and support its projected growth over the next two years as the company prepares to launch new products for surgical use.
Postaga, a Boston-based outreach platform that helps marketers improve their metrics, raised $180K in seed funding from the TinySeed accelerator program.
Strand Therapeutics, a new, mRNA-focused startup, secured $800,000 through two Small Business Innovation Research (SBIR) grants from the National Institutes of Health. The company will funnel the money into mRNA-based therapeutics for melanoma and triple negative breast cancer.
Peabody-based Privo Technologies Inc., a biopharmaceutical company focused on treatments for mucosal cancers, will get $900,000 in investments as the winner of the AIM-HI Accelerator Fund's Inaugural Women's Venture Competition.
