SiTration labs working on their silicon based filters
SiTration Labs
June may have heated up in terms of temperature, but we saw some cooling of VC funding this month. The combined total VC dollars in June were $397.2 million, a noticeable dip from May’s $698 million. The funding was spread across various industries with a surprise appearance by a Unicorn.
Read about all the June deals here, and be sure to sign up for The Beat, BostInno’s free daily innovation newsletter, so you never miss a funding.
- Women’s health start-up Axena raised an additional $9.4 million in its Series A round, bringing the company’s total funding to $34.4 million.
- Software start-up Sware raised an additional $6 million in funding, bringing its Series B total to $26 million.
- SiTration, an MIT spinout that recovers critical metals from mining and factory operations, closed its seed round with $11.8 million.
- AVAVA Inc., a medical aesthetics platform company, secured $35 million in its Series C round.
- Four-year-old Tender Food Inc. raised $11 million in its Series A round, two years after getting $12 million in seed funding.
- Vecna Robotics, one of the largest robotics companies in Massachusetts, received an extra $40 million investment on top of a late-stage round announced in 2022. The $40 million financing, which included $15 million in debt, is technically an extension of the firm's $65 million Series C round from two years ago.
- Watertown-based Ingenia Therapeutics received $5 million in funding from a single investor, according to a Form D filing.
- Exsilio Therapeutics emerged from stealth with $82 million in Series A funding. The Boston-Israel biotech is developing genomic medicines for genetic diseases, cancer and autoimmune conditions.
- Foray, an early-stage startup reengineering how plants and seeds are cultivated, added $3 million in its seed round.
- Creatio, a 10-year-old software company, announced a $200 million capital raise at a $1.2 billion pre-money valuation. It is the first local company to announce a unicorn-level valuation in 2024.
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