The top 10 funding rounds for Boston startups in 2017 represented more than $1 billion and then some — if you count the follow-on rounds that happened for a few companies.
The Boston tech companies that raised 2017's largest financing rounds represent a wide range of sectors, from agriculture and cybersecurity to healthcare and manufacturing. The list, which does not include biotech or life sciences companies, was compiled using Crunchbase data.
Indigo ($203 million Series D)
Indigo, a Charlestown-based agtech company, announced that it had raised $156 million for the first closing of its Series D financing in September that gave the company a $1.4 billion valuation. Investors included the Alaska Permanent Fund and Flagship Pioneering. The company, which uses machine learning to make crops more sustainable, announced this month that it had raised an additional $47 million led by the Investment Corporation of Dubai.
Fuze ($134 million Series E)
Fuze, a Boston-based provider of unified communications software, raised a total of $134 million for its Series E round. The first close of $104 million, announced in February, was led by Wellington Management Company, an investment firm that has backed big-name startups like Pinterest, Airbnb and Magic Leap. The second close of $30 million was announced in May and was led by an undisclosed public pension fund.
DraftKings ($118 million Series E)
A few months before its proposed merger with FanDuel fell apart, daily fantasy sports company DraftKings raised a $118 million Series E1 funding round in March. The round was led by Eldridge Industries LLC, a part owner of the Los Angeles Dodgers baseball team that also owns Dick Clark Productions, Billboard Magazine and The Hollywood Reporter.
Desktop Metal ($115 million Series D)
Desktop Metal, a metal 3D printing startup led by A123 Systems founder Ric Fulop, reached "unicorn" status in July when it raised a $115 million Series D round at a post-money valuation of more than $1 billion. The round's investors included New Enterprise Associates, GV (formerly Google Ventures) and GE Ventures.
Toast ($101 million Series C)
Toast, a Boston-based restaurant technology company, announced in July that it had raised an oversubscribed $101 million Series C round. The financing was led by Lead Edge Capital and Generation Investment Management, a firm chaired and co-founded by former Vice President Al Gore. Bessemer Venture Partners also participated.
Cybereason ($100 million Series D)
Cybereason, a Boston-based cybersecurity company with Israeli roots, announced in June that it received a $100 million investment from Japanese tech giant SoftBank. The Japanese company previously led the company's $59 million Series C round.
ClearMotion ($100 million Series C)
ClearMotion, a startup that is developing software that makes cars drive smoother, announced in February that it has raised a $100 million Series C round, bringing total funding to more than $130 million. The round was led by J.P. Morgan Asset Management, with participation from NEA, Qualcomm Ventures, World Innovation Lab and Eileses Capital.
PatientsLikeMe ($100 million)
PatientsLikeMe, a social networking site for patients to discuss medical conditions, brought in a $100 million funding round at the beginning of the year from iCarbonX, a company run by Beijing Genomics Institute co-founder Jun Wang.
Kaminario ($75 million Series F)
Kaminario, a Needham-based provider of all-flash storage, announced in January that it raised a $75 million Series F round led by private equity firm Waterwood. Other investors included Sequoia, Pitango, Lazarus, Silicon Valley Bank and Globespan Capital Partners.
DataRobot ($67.1 million Series C)
DataRobot, a Boston-based provider of automated machine learning software, raised a Series C that amounted to $67.1 million between two closes. The first close of $54 million was led by New Enterprise Associates in March, which brought the company's pre-money valuation to more than $250 million, a source close to the company told BostInno at the time. A Form D filing later revealed that the company raised $67.1 million total for the round.
