A bunch of startups started 2019 off on the right foot taking big checks cut by investors that continue the boom from 2018. Read on for more.
—Weather forecast company ClimaCell says its high-resolution data is now available in 40 countries, including India. In October, the Boston-based startup raised $45 million, pushing its total venture capital haul to $65 million, and since then, it added another $5 million from Intact Ventures; GXP Investments, an arm of Kansas power utility Great Plains Energy; and National Grid Partners, the venture arm of the British gas and electric utility National Grid (NYSE: NGG) that has U.S. operations in Massachusetts, New York, and Rhode Island.
—WithMe Health, a medication guidance startup in Boston, raised $20 million from growth equity investor Oak HC/FT. The new company is going after the pharmacy benefit manager business that employers use to provide employees prescription medication coverage. Oak HC/FT partner Chris Price founded WithMe after finding no existing healthtech companies working to improve the problems he saw with medication management. The funding will let WithMe expand its team and develop its product for new customers, the company said.
—LineVision, a Somerville, MA, startup that helps utilities increase capacity on electric transmission lines, says it added $1 million to the $1 million it raised in a Series A funding round it closed in June. Boston’s Clean Energy Ventures led the additional funding and was joined by Serial clean energy entrepreneur David Brewster, former president and co-founder of EnerNOC. In June, LineVision raised the $1 million when it spun out of Genscape. The greentech company is currently running out the Somerville, MA, tech incubator Greentown Labs.
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