May was a little slow for Boston tech, but a number of companies saw some VC love, including five tech startups that raised over $130.5 million this month. Check out the five biggest rounds below.
5. Numerated Growth Technologies, $9M, May 17
Investors: The Series A round was led by Venrock, the venture capital arm of the Rockefeller family, with participation from Cultivation Capital Fintech Fund and Eastern Bank.
Bio: The company’s core product is a commerce platform that allows banks to make loans in real time by digitizing their credit policies and automating their marketing of bank customers across email, online and mobile.
News: The funding will be used to improve the platform, which maximizes the conversion of loan shoppers by executing credit processing and loan approval immediately. From application to closing, Numerated says that loans can be processed on its platform within five minutes.
4. CounterTack, $20M, May 30
Investors: The round was led by Singtel Innov8, the venture arm of Singapore telecom giant The Singtel Group, with participation from SAP National Security Services.
Bio: Waltham cybersecurity firm CounterTack provides provides a combination of threat context, organizational resiliency and broad visibility, mitigating endpoint risk and reducing the impact of advanced attacks.
News: The funding will be used to fuel CounterTack’s explosive growth and global expansion in the cybersecurity market.
3. 128 Technology, $21.5M, May 31
Investors: Investors in the networking software firm included G20 Ventures, individual investors, executive management and current employees of 128 Technology.
Bio: 128 Technology says that it prevents enterprises and service providers from needing expensive standalone network appliances through its “smart” router technology, a session-oriented solution that optimizes traffic by analyzing which paths are the most efficient.
News: The funding will be used to grow 128 Technology’s global presence and accelerate the expansion of the 128T Networking Platform, a router that organizations use to intelligently manage internet traffic.
2. Fuze, $30M, May 4
Investors: The recent round comes from an undisclosed U.S. pension fund.
Bio: Fuze's software helps simplify communication at big companies by unifying voice, video and messaging on a single, cloud-based platform.
News: With more than $334 million in funding since the company’s founding in 2006, Fuze is considered one of the most likely IPO candidates in Boston tech.
1. LevelUp, $50M, May 16
Investors: Longtime partner and investor JPMorgan Chase led the round, with participation from U.S. Boston and CentroCredit Bank.
Bio: Consumers using LevelUp’s mobile payment app can order meals ahead of time from hundreds of local restaurants and earn rewards without having to wait in long lunch lines.
News: The funds will be used to fuel hiring, product development and national expansion.
Photos via social media
