Nexthink Pulled in $180M, Beam Raised $5M, and More Boston Tech News

February 16, 2021
photo: beam

Tech startups in Boston pulled in venture funding rounds of all sizes last week. Check out what these companies have planned with the new cash. This is the Built In Boston weekly refresh.

Nexthink got $180MWith its fresh capital, the newly minted unicorn is looking to further company growth. It’s also looking to innovate its platform that provides IT teams with analytics to ensure that employees have an overall positive digital experience in the workplace. The Series D round was led by Permira and brings Nexthink’s total valuation to $1.1 billion. [Built In Boston]

PatientsLikeMe raised $26M. The funding round for the healthtech company was led by investors including Alta Partners. Its platform allows community members to discuss their health conditions and treatments and learn from one another. With the fresh capital, the company is pursuing its next stage of growth and is looking to support care delivery, scientific research and consumer engagement through its health industry partnerships. [Yahoo Finance]

Boston Tech Quote of the Week

“What excites us the most is the opportunity to help make science education more accessible to students, no matter their country or socioeconomic background. We are looking forward to expanding into new countries and working with teachers and students around the world by providing a high-quality learning platform to perform virtual lab simulations at school or remotely.” —Labster co-founder and CEO Michael Bodekaer

Labster secured $60MThis edtech startup uses a game-based approach to teaching students science curriculum with virtual lab simulations. The new capital from its Series C round led by Andreessen Horowitz will enable the company to expand its core offerings to meet the needs of its growing user base. It’s also planning to grow its headcount with positions available at its Boston office in engineering, sales, product and customer success. [Built In Boston]

Beam Organics pulled in $5MHaving secured Series A funding led by C2 Ventures, this D2C wellness company has launched its newest product, Elevate. It’s a powdered drink mix that provides consumers with electrolytes from ingredients including coconut water, Himalayan sea salt and hydrating chemical compounds. The company’s total funding has reached $12 million. [Crunchbase News]

Thrasio got $750MWith new equity funding on the way from investors including Oaktree and Advent, this company that consolidates third-party sellers on Amazon’s marketplace platform is preparing to quickly acquire more brands. This fresh funding follows a $500 million financing round announced just last month. Millions of merchants currently sell via Amazon’s FBA service, and, to date, Thrasio has about 100 of them under its belt, and it’s looking to capitalize on this growing opportunity. [TechCrunch]

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