Venture capital funding flowing to startups began to drop in 2022, and that trend continued into 2023.
Nationally, early-stage venture capital funding hit a record-high of $87.5 billion in 2021, according to data from Pitchbook and the National Venture Capital Association. That was up from $45.1 billion in 2020. The numbers have only been going down since, with companies raising $70.3 billion in 2022 and $30.1 billion as of the end of September in 2023.
Despite a cooling funding environment, some Massachusetts tech startups were able to secure large early-stage funding rounds this year.
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Check out the largest Series A rounds secured by Massachusetts tech companies in 2023, according to Crunchbase data and BostInno's coverage:
#1 Author Health
- Amount raised: $115 million
- Announced: June 28
#2 Osmo
- Amount raised: $60 million
- Announced: January 24
#3 CodaMetrix
- Amount raised: $55 million
- Announced: February 27
#4 Sublime Systems
- Amount raised: $40 million
- Announced: January 18
#5 Zus Health
- Amount raised: $40 million
- Announced: March 16
#6 Blues Wireless
- Amount raised: $32 million
- Announced: January 5
#7 Uwill
- Amount raised: $30 million
- Announced: May 2
#8 Alloy Enterprises
- Amount raised: $26 million
- Announced: May 17
#9 Manta Network
- Amount raised: $25 million
- Announced: July 19
#10 Duckbill
- Amount raised: $25 million
- Announced: September 13
#11 FIGUR8
- Amount raised: $25 million
- Announced: August 8
#12 VEIR
- Amount raised: $24.9 million
- Announced: May 15
#13 Labviva
- Amount raised: $20 million
- Announced: March 27
#14 knownwell
- Amount raised: $20 million
- Announced: December 19
#15 Cartwheel
- Amount raised: $20 million
- Announced: September 26
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