The Cambridge-based startup trying to decarbonize aviation fuel received $6 million in seed funding
Sora Fuel
Welcome back to our monthly roundup of the venture capital scene in Boston. As the summer is slowing down and coming to a close so are VC dollars. In July, the cumulative VC funding for Boston area startups was $744.4 million. In August, most of the $347 million went to biotechnology companies, with some money finding its way toward computing and clean energy systems.
Read about all the August deals here, and be sure to sign up for The Beat, BostInno’s free daily innovation newsletter, so you never miss a thing.
- London-based nutrition company Zoe Ltd. is looking to expand to the Bay State and the U.S. after extending its Series B round by $15M.
- Airna, a biotech developing RNA-editing treatments, has raised a $60M financing round, bringing its total Series A funding to $90M.
- Adept Materials, a Somerville-based advanced materials startup, announced the closing of its $4M seed round.
- Riverlane, a British quantum computing lab with offices in Cambridge, U.K. and Cambridge, Mass. raised $75M in series C funding.
- Cala Systems raised $5.6 million in seed round funding led by the Massachusetts Clean Energy Center (MassCEC) and Clean Energy Venture Group.
- Sora Fuel, a Cambridge-based aviation fuel startup, received $6 million in seed funding, led by Engine Ventures.
- Palantir and Lockheed Martin alums raised $2M and launched their new startup, Pryzm.
- Kano Therapeutics secured an oversubscribed $5 million seed round co-led by Engine Ventures and VSquared Ventures.
- IDRx Inc. completed a $120 million Series B financing led by RA Capital Management, Commodore Capital and Blackstone Multi-Asset Investing.
- Red Queen Therapeutics is funded with a $55 million Series A commitment from Apple Tree
