Last Week in Boston Tech Deals and Happenings (10/6 - 10/13)
(And a little bit of last week too)
Welcome!
My name is Nick Stuart and I’m a senior finance student at the University of New Hampshire. I’m starting this newsletter because I’m tired of scouring the internet for news and developments in the world of Boston Tech VC deals. For a city that has had more $1B+ exits and has generated more exit value than anywhere else outside of San Francisco, it seems odd that it doesn’t get consistent coverage from big tech publications.
I want to change that by providing short and sweet updates on the happenings in Boston’s Tech VC scene on a consistent basis. As time goes on, I’m hoping to fine-tune my writing skills and provide the long-sought-after storytelling that Boston deserves.
Tech VC Deals
Over $46M in capital poured into sixteen companies in the Boston area.
Ten Percent Happier, a mindfulness and meditation app, raised $3M bringing their total raised to $8.56M and a post-money valuation of $30M.
Oneiro, a provider of advanced blockchain solutions for the decentralized internet, raised $5M bringing their total raised to $8M. The round was led by Boston-based COSIMO Ventures.
FairMarkIT, a tail spend management platform developer, raised $10.92M, bringing their total raised to $11.81M.
Drink Simple, creator of maple-flavored beverages, raised $4.4M bringing their total raised to $9.74M.
Gradient AI, a predictive analytics platform, raised $8.65M from Forte Ventures, MassMutual Ventures, and Sandbox Industries bringing their total raised to $13.61M.
Analytics firm Profit Isle and food preservatives developer Cambridge Crops joined MIT’s Stex25 accelerator this October.
StrattyX, a stock and crypto trading software, received a grant of $25K for placing second in the Grace Hopper PitchHER Competition.
Jassby, a mobile payment system company, received $2.2M from Blumberg Capital, Correlation Ventures, and the Plug and Play Tech Center — bringing their total raised to $5.23M
Dynamo Micropower raised $1.61M from StartEngine Crowdfunding, bringing their total raised to $4.53M.
Insight Squared raised an undisclosed amount from Accomplice and Tola Capital.
Meshmark, a stealth startup, raised $7.5M in an angel round.
Decision guidance platform OnCorps raised $2.34M, bringing their total raised to $7.74M.
Dockwa, a Cambridge-based docking and mooring platform, raised $1.13M, bringing their total raised to $9.78M.
MarTech company Kingscrowd raised $130K in an angel round with a $3.6M post-money valuation.
Legal-tech firm Woodpecker Technologies raised $120K in an angel round.
Wasabi raised an undisclosed amount of funding from NTT Docomo Ventures to fuel Wasabi’s international expansion.
Exits & Liquidity Events
OpenExchange and KnowledgeVision Merge to Form a Market Leading, Innovative Video Solutions Company (Associated Press).
Randy York has sold his Longview-based video conversion website, Just8mm.com, to EverPresent Inc. of Newton, Massachusetts. (News-Journal.com).
MIT-based Feature Labs was bought by Altertyx (TechCrunch).
Advanced Machine & Tool was bought by Sinicon Plastics
Boston-based Pwnie Express was acquired by Outpost24
Bullhorn, a portfolio company of Insight Partners, acquired Erecruit, a Boston-based provider of applicant tracking and pay and bill solutions and a leader in candidate experience for the staffing and recruitment industry. (Forbes)
WebMD acquires MA-based Aptus Health (PRNewswire).
Bigtincan Acquires Boston-based Xinnovation (DestinationCRM)
Freeman acquires MA-based event registration and digital services provider Convention Data Services (TSNN)
Thanks for reading my updates on the Boston Tech VC landscape! As this is my first time publishing, I’d love to know what readers would like to see or not see in the future. If you like what you see, please feel free to sign up for future updates and tell your friends!