In a productive period for venture capital activity to start out the year, several Boston tech startups pulled in nine-digit sums and shot to the top of the leaderboard for Boston tech last month. With new innovations underway, read more about how they’re planning to invest the new funds.
#5. $40 million, January 12
Its no-code workflow platform allows users to build, deploy and share back-office business processes with minimal tech expertise. Following its $40 million funding round led by Morgan Stanley Expansion Capital, the startup anticipates expanding its platform’s use and fund its sales and marketing efforts. To date, airSlate has accumulated $80 million in total funding.
#4. $60 million, January 13
This company works to help SaaS founders grow their platforms faster by providing them with non-dilutive capital. Following the raise of its $60 million funding round led by i80 Group, Capchase plans to expand the number of companies it can provide financing to, as well as the amount of revenue prepayment it offers. This round follows the company’s $4.6 million seed funding last August.
#3. $100 million, January 6
Serving companies like Netflix and Twitter, this startup queries data across any database, aiming to save its users time and money by offering fast access to data and analytics without having to store that data. With the close of its $100 million Series C led by Andreessen Horowitz, the unicorn is planning to invest in fueling global expansion and product development.
#2. $145 million, January 5
As the pandemic fuels new uses for the internet, this cybersecurity company’s platform provides gateway protection in the cloud where more people are storing important data. With its $145 million funding round led by NightDragon and Francisco Partners, iboss is planning to fuel company growth and hire new team members in Boston and other cities.
#1. $500 million, January 11
This Walpole-based company that acquires and grows third-party Amazon sellers secured $500 million in debt financing, bringing its total capital raised to over $1 billion since its founding in 2018. Thras.io is aiming to invest in its mergers and acquisitions strategy and acquire even more brands. The fast-growing company is also looking to fund the launch of new products.
