The biotech and life sciences industry took the lead in funding last month with $501 million raised. Next up was the software industry, with startups bringing in $266.1 million in February. Following not far behind were robotics companies which raised $191 million.
In total, Boston-area startups raised around $1.12 billion in February. 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
Analytics startup Starburst Data Inc. closed a $250 million round. CEO Justin Borgman said this is likely the company's last round of financing before going public in two to three years.
Boston-based Allure Security announced $6.8 million in seed funding led by Gutbrain Ventures.
Resonant Link, a Vermont-based company developing wireless charging technology for medical devices and electric automotive fleets, announced a $9.3 million seed round led by The Engine, the venture firm spun out of MIT.
Biotech
Dewpoint Therapeutics, a startup known for its partnerships with major pharmaceutical companies, has brought in $150 million as it marches toward the clinic.
Boston Technology Research, a healthcare and life sciences regulatory tech company, raised $15 million in a Series A round led by New York-based Insight Partners.
Day Zero Diagnostics Inc., an infectious disease diagnostics company, announced $21 million in new venture equity financing. To date, the company has raised over $33M in venture capital financing and over $10M in non-dilutive funding.
Scipher Medicine brought in $110 million to advance a series of blood tests designed to help doctors treat patients with autoimmune disorders more effectively.
Third Harmonic Bio launched from stealth with $155 million in funding. The startup is focusing on a single asset, an oral drug first developed by Novartis that blocks a protein called KIT that is found on the surfaces of certain cells.
Selux Diagnostics Inc., a company creating diagnostics to combat superbug infections and fight antibiotic resistance, raised $50 million in a Series C round.
Medtech
Epicore Biosystems Inc. raised $10 million in its first substantial funding round. The company makes wearable, “skin-like” patches that measure biomarkers found in sweat. The patches can track things like hydration, cortisol — your body's main stress hormone — and glucose levels.
XRHealth, a company bringing virtual health care treatment in the Metaverse, raised $10 million in funding. The funding was backed by virtual reality company HTC, Bridges Israel's impact investment fund, AARP, crowdfunding and existing investors.
Cleantech & Greentech
Verdox, an electric carbon capture and removal company, launched with $80 million in committed capital from a syndicate including Breakthrough Energy Ventures, Prelude Ventures and Lowercarbon Capital.
Cambridge-based Context Labs announced $28 million in funding from BP Energy Partners, Equinor Ventures, KPMG LLP (US), Shamrock Ventures, Neglected Climate Opportunities LLC, and i(x) investments.
Beverly-based Nth Cycle has raised $12.5 million in venture capital to launch its first three projects in battery recycling and mining over the next 18 months. The company’s mission is to help create a low carbon, cheap and domestic supply chain for rare earth minerals needed for the green energy transition.
Robotics
Superpedestrian, a transportation robotics company, announced its largest-ever funding round, closing $125 million in debt and equity capital.
Somerville-based RightHand Robotics announced a $66 million Series C financing round. The company creates autonomous robotic picking solutions for order fulfillment and will use the funds to accelerate product development and expand its offices.
Funds
Tech firm Bullhorn Inc. has launched its own venture fund. CEO Art Papas told the Business Journal that the $20 million fund is coming entirely from Bullhorn's balance sheet.
