Funding Roundup: 25 Startups Raised More Than $870M in July

July 31, 2018

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.

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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 HorowitzFormation 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.

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