Venture funding for Boston startups last month topped what the city pulled in during January. Digital consumer goods startup Thrasio continues to lead the way with another massive raise, and several other companies are following suit with sizable rounds of their own. Read on to find out what all this cash is going to bring to the city’s tech scene.
#5. $68 million, February 22
Its platform works to help mid-size and large companies automate their customer-facing operational processes, and with $68 million in minority funding, Creatio is prepared to keep growing. Volition Capital led the round that will enable the company to invest in further research and development, expand its sales and marketing strategy and increase its headcount.
#3 (tied). $150 million, February 18
With $150 in Series E funding led by Tiger Global and BOND, Locus is looking to expand its fleet of autonomous robots around the world. The company leases out its robots to organizations looking to automate their operations. The fresh capital will also help Locus to invest in R&D, sales, and marketing, and to bring on new talent.
#3 (tied). $150 million, February 17
The company offers low-code development services for enterprises to freely create their applications. Having undergone growth during the pandemic, OutSystems plans to use the new funding to continue that momentum, as well as hire new talent across its offices. Its $150 million raise was led by Abdiel Capital and Tiger Global.
#2. $180 million, February 8
Now equipped with $180 million in a new funding round led by Permira, Nexthink boasts a $1.1 billion valuation. The company works to help businesses better manage their employees’ digital experience and its platform provides IT teams with analytics to ensure that employees have an overall positive digital experience in the workplace. The startup is planning to invest the new capital in furthering company growth.
#1. $750 million, February 9
Continually proving that acquiring third-party Amazon sellers is a lucrative business, Thrasio pulled in $750 million from investors including Oaktree and Advent. The raise follows another large round from January. The company is looking to grow even more by acquiring more merchants that currently sell via Amazon’s FBA service.
