VC Funding Update: 21 Startups Raise Over $480M in February

March 4, 2019

February might be the shortest month of the year, but that didn’t dampen the funding environment in the Boston startup land.

There were a handful of multimillion-dollar rounds: Jobcase, a platform dedicated to assisting people to find work, raised $100 million, biotechnology major Ginkgo Bioworks debuted its food ingredients startup Motif Ingredients that launched with $90 million in Series A. French-born Mirakl, a startup that provides technology to launch an e-commerce marketplace, raised $70 million. 

Image Courtesy: Infogram

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Below are the 21 startups that raised capital in February:

Artificial Intelligence

Lightmatter, a Boston startup that makes light-powered AI chips, raised $22 million in Series A-1 funding led by Google Ventures. Existing investors Matrix Partners and Spark Capitalalso participated in the round.


Athol, Mass.-based Ascend Wellness, a company that cultivates and processes marijuana, raised $55 million in a new round of funding to support its rapid expansion in the east coast. The fund split comes with $37 million in a bridge round of preferred equity and $18 million in a senior note. The round was led by Shire Capital, Three Bays Capital, and JM10 Partners. Existing investors Poseidon Asset Management and Salveo Capital also participated.

Civic Tech

Cambridge-based startup Polis raised $2.5 million in a seed funding round led by Haystack VC, a Menlo Park, Calif.-based VC and PE firm that invested in DoorDash and Instacart. The company, which was part of Techstars Boston spring cohort in 2016, is a provider of data and analytics software for both door-to-door political campaigns and commercial sales.

Cloud Storage

Nasuni, a provider of cloud storage and file sharing services based in the Seaport District, received $25 million in growth equity funding. The round was led by Telstra Ventures, the venture capital arm of Telstra, one of Australia’s largest telecommunications companies.

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