American Well raises $290M in one of Boston tech’s largest venture deals in recent years
American Well wants to make it easier for you to see the doctor, and it just raised a whopping $290 million to do just that. The round, which was led by Philips and Allianz X, is one of the largest venture deals in recent Boston tech history, signaling the telemedicine business isn’t slowing down any time soon. If you’re unfamiliar, American Well’s telehealth platform connects users with doctors via live video — instantly. [Crunchbase]
With a fresh $115M Series D, Boston’s Toast becomes a unicorn
Boston-based restaurant management platform Toast raised a $115 million Series D round led by funds and accounts advised by T. Rowe Price Associates, Inc. on Tuesday. The funding will be used to accelerate research and development, as well as to recruit new talent. The company, which now employs more than 1,000 people in 30 states, is valued by its latest investor at a whopping $1.4 billion, making Toast Boston’s latest tech unicorn. [Built In Boston]
Starry raises $100M to offer customers a new option for broadband internet
Tired of dealing with Comcast? There’s a new internet service in town, and it just raised a whopping $100 million to build out its network. Starry is a Boston-based wireless internet service that uses high-frequency radio technology to deliver broadband internet services at speeds that rival the big dogs like Verizon, Comcast and Sprint. With its fresh round of funding, the company will continue expanding its network and competing against some of the nation’s leading cellular companies for new customers. FirstMark Capital, IAC, Tiger Global, KKR, HLVP and Quantum Strategic Partners participated in the company’s latest round. [The Boston Globe]
Tamr raises $18M to grow sales and marketing efforts
Cambridge-based startup Tamr, which is used by the likes of Thomas Reuters and GE to unify their data silos, just raised a cool $18 million in funding to help members of the Global 2000 tackle their most difficult data challenges. The financing will be used to expand the company’s sales and marketing efforts, as well as to accelerate Tamr’s growth in new markets — particularly in Asia. FYI: Tamr offers an enterprise data unification software platform that applies machine learning and human expertise to large-scale data curation challenges. [Built In Boston]
