July was eventful for Beantown startups where four startups alone raised $615 million, with Indigo leading July’s blockbuster deal worth $300 million. Other big rounds included restaurant management platform Toast that raised $115 million; payments processor Flywire raised $100 million and wireless internet startup Starry raised $100 million.
It was a great month for venture capital funds too. Early-stage VC firm Glasswing Ventures announced its debut fund focused on AI startups. The $112M fund is the largest AI-focused debut fund on the East Coast, capitalizing on the nation’s premier academic institutions and the exceptional talent of the East Coast.
FYI, we cover startup funding news in the BostInno Beat newsletter every weekday. Stay on top of who’s getting funded by signing up right here. See you in the inbox.
Below are the 25 startups that raised capital in July.
American Well raised $75.4M, in addition to $291M raised in June, according to federal filings.
Needham, Mass.-based sales learning and coaching platform Allego raised a $7.5M investment round led by General Catalyst.
Armored Things, a company that uses Internet of Things devices and their data to keep large venues safe, completed a $5.5M seed round of financing.
Mobile video platform Burst raised $4M as a part of its $10M equity funding round, according to a Form D.
Big data-as-a-service provider Cazena raised $10M from investors Andreessen Horowitz, Formation 8 and Northbridge Venture Partners, with participation from Persistent Systems.
According to a new regulatory filing, cybersecurity firm Censio raised $500K in an equity offering.
Cignifi, a startup that uses mobile data to calculate credit scores, raised $4M in equity funding, according to a Form D notification.
MIT-born AI startup, Cogito raised $37M in a round led by the growth equity division of Goldman Sachs.
Read Complete Article