The venture funding going to Greater Boston companies reached its highest numbers thus far in 2022.
For the third month in a row, the biotech and life sciences industry took the lead in funding with $719.25 million raised. Last month, this sector raised around $196.1 million. Several biotech companies raised over $100 million in April, including Tessera Therapeutics, Aurion Biotech and Satellite Bio.
Next up was the software industry, with startups bringing in $569.4 million in April. Following behind that were media and marketing tech companies with $335 million.
In total, Boston-area companies raised around $1.84 billion — more than double what was raised last month. And that was just from what we could count. Check out all the deals, including links to our coverage or the company’s announcements.
Software
Boston-based TellTail raised its first funding, bringing in a $3.4 million seed round led by General Catalyst with participation from The Companion Fund and Scribble Ventures. The startup is launching a platform for pet breeders to connect with one another and manage their businesses.
RevenueBase announced a $6 million seed round led by Bessemer Venture Partners. The startup launched last year and provides customer-specific data to sales and marketing teams.
IntelyCare joined this year’s list of unicorn companies with its new $115 million Series C financing and $1.1 billion valuation. The Quincy-based company operates a tech-enabled nurse staffing platform.
Salsify Inc., a Boston-based e-commerce software startup with about 300 employees in Massachusetts, announced that its latest $200 million investment propelled the company's valuation to over $1 billion.
Compt, an employee perk stipend software company, announced a $13 million Series A investment led by Battery Ventures. The Boston company said the funding will help it expand to more companies globally.
Clinical trials support software provider Reify Health has raised $220 million and more than doubled its valuation amid an increased interest in diversifying studies.
The Somerville 3D vision technology, NODAR, raised a $12 million Series A round led by New Enterprise Associates.
Biotech
Aurion Biotech raised $120 million to bring its lead cell therapy into the clinic. Aurion, which has offices in Boston and Seattle, separated from its former parent company in 2021 and took with it a biotechnology licensed from scientists at the Kyoto Prefecture University of Medicine.
Less than two years after launching, cell therapy startup Be Biopharma Inc. has snagged $130 million as it plans to cater its engineered B cells toward cancer and rare disease patients.
Satellite Bio launched with $110 million. The company's "tissue therapeutics" platform uses tissues, not merely individual cells, as treatments for complex diseases including metabolic disease, chronic liver disease, severe obesity and neurodegenerative disease.
Flagship Pioneering spinout Tessera Therapeutics raised $300 million that it intends to funnel into a massive hiring push and a manufacturing buildout.
CytoTronics, a Boston biotech company spun out of research from Harvard University, launched with $9.25 million in seed funding. The round was led by Anzu Partners.
Boston-based Kelonia Therapeutics launched with a $50 million Series A financing to develop its genetic medicines.
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Media/marketing tech
Backlight, a media technology company, launched with more than $200 million in funding led by PSG. The Lexington company also announced it had acquired media software businesses ftrack, Celtx, iconik, Wildmoka and Zype.
Boston tech firm Mavrck received a $135 million strategic investment from Summit Partners to buy a Canadian company aimed at adding a critical feature to Mavrck's influencer marketing platform.
Edtech
Preply Inc., a Brookline-based tutoring marketplace for language learning, raised almost $50 million in new funding.
NeighborSchools helps childhood educators open and manage licensed, micro-daycares in their homes. The Boston-based startup announced a $5 million early-stage funding round to expand its services.
Fintech
Boston-based Flipside Crypto, which provides blockchain analytics and business intelligence to crypto companies, announced a $50 million round of funding.
Boston-based PayByCar Inc. announced its $4 million seed round. The company offers pay-by-text options at 27 gas stations across Massachusetts and hopes to expand into more stations and other industries with the new investment.
Greentech
Raptor Maps, a Somerville energy software startup, raised $22 million. The round was led by MacKinnon Bennett & Co.
Funds
Flare Capital Partners, the venture capital firm co-founded by partner Michael Greeley focused on health care tech, oversubscribed its third fund by $100 million. The Boston-based VC firm founded eight years ago closed its third fund at $350 million after filing to raise $250 million last fall.
Consumer technology
LiquiGlide, a company whose technology eliminates the friction between solids and liquids, completed an intellectual-property based financing deal that provides the Cambridge company with $35 million to expand its commercial activities.
Wireless technology
Verana Networks raised $28 million in a Series B round. The Chelmsford-based company said the funds will be used to commercialize its 5G radio-access networks technology.
Medtech
Implicity announced a $23 million Series A financing led by Crédit Mutuel Innovation and Bpifrance. The Cambridge-based company develops remote patient monitoring and cardiac data technology.
