Weekly Refresh: $85M+ in New Funding, Rapid7 Acquired DivvyCloud, and More

May 4, 2020
boston
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Lyra Therapeutics raised $56M in its public markets debut. The company aims to develop a new way to treat a runny nose. Lyra plans to use a majority of the IPO profits for manufacturing and clinical development of its LYR-120 product. [Xconomy]

Rapid7 announced acquisition of DivvyCloud. Cloud security company DivvyCloud started seven years ago and offers a platform for compliance and security. Its current customers will still be support and the platform will be integrated more with Rapid7’s. [TechCrunch]

WindESCo raised $10M. Its technology helps wind plants optimize their production and profits. The Series B will help the company expand its team and further develop its tech. [Built In Boston]

enVerid Systems Raised $20M. The company develops HVAC load reduction technology. Breakthrough Energy Ventures led the Series B round. [BostInno]

EverQuote hired head of performance marketing. The company provides an online insurance marketplace. Maya Gumennik joined the team as the senior vice president of performance marketing. [Yahoo Finance]

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