February may be the shortest month of the year, but that didn’t stop Boston tech from raising some serious funding. With VCs pumping over $263M into tech startups, the city scored some big wins in sectors like SaaS tech and the mobile gaming industry. There may even be an IPO on the horizon for one booming startup that offers a cloud-based unified communications platform. Here are the companies with the largest rounds in February.
5. OptiRTC, $5.5M, February 2
Investors: The round was led by Ecosystem Integrity Fund (EIF) with participation from existing investors including MissionPoint Partners, the Renewal Funds, the Massachusetts Clean Energy Center and Geosyntec Consultants.
Bio: Founded in 2014, OptiRTC provides Software-as-a-Service solutions that directly monitor and control stormwater infrastructure in real-time.
News: OptiRTC said the recent funding would be used to scale operations, expanding sales and marketing to accelerate its growth at new sites across the country. The company has deployed more than 130 commercial and public projects across 21 states to date. Read more here.
4. Disruptor Beam, $8.5M, February 2
Investors: The round was led by GrandBanks Capital and Romulus Capital, with additional participation from other new and existing investors.
Bio: Disruptor Beam turns entertainment franchises like “Star Trek” and “Game of Thrones” into free-to-play mobile games.
News: CEO and founder Jon Radoff said the company’s recent Series B would be used to perfect its second game, “Star Trek Timelines,” and launch its latest game, “The Walking Dead: March to War,” in 2017. Read more here.
3. Desktop Metal, $45M, February 6
Investors: The round was led by GV, with participation from the corporate venture arms of automotive giant BMW and home improvement retailer Lowe's.
Bio: Desktop Metal aims to reinvent the way design and manufacturing teams print with metal by building a clean 3D printer that works with aluminum and titanium.
News: The company said the Series C funding would be used to continue developing its technologies and scale its production. Since its funding in October 2015, Desktop Metal has raised a total of $97 million. Read more here.
2. ClearMotion, $100M, February 1
Investors: The round was led by a group of clients advised by J.P. Morgan’s asset management wing and with participation from NEA, Qualcomm Ventures and more.
Bio: ClearMotion is building an alternative chassis for vehicle makers that replaces traditional physical shock absorbers with digital, software-driven ones, making a much smoother driving experience.
News: In the future, it seems ClearMotion wants to create an in-car experience that will actually make it actually enjoyable to spend long amounts of time working or relaxing in autonomous vehicles. Read more here.
1. Fuze, $104M, February 8
Investors: The round was led by Wellington Management Company with participation from Greenspring Associates, Summit Partners, Bessemer Venture Partners and G20.
Bio: Fuze is a global, cloud-based unified communications platform that lets employees communicate with each other via voice, video and messaging apps across devices no matter where they are.
News: With the latest round of funding, Fuze, which has around 700 employees, could be laying the groundwork for an initial public offering — perhaps as soon as next year. Read more here.
Photos via social media and Shutterstock
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