The Boston tech sector is looking lively with a diverse array of new moves last week. From fresh funding to notable awards, check out the latest. This is the Built In Boston weekly refresh.
Appfire got $100M. It develops products for giants like Google and Amazon to help with tasks like workflow automation and business intelligence. With the new capital, it’s planning to fuel global expansion and grow its portfolio to meet the increased demand of its rising customer base. The investment came from TA Associates. [Built In Boston]
ElevateBio raised $525M. Cambridge-based ElevateBio partners with other biotech therapeutic companies to work toward commercializing cell and gene therapies. Its Series C funding round was led by Matrix Capital and will enable the company to further its R&D and manufacturing capabilities. ElevateBio plans to spin out more companies that will focus on research while the larger entity works to bring the therapies they develop to market. [Built In Boston]
Boston Tech Quote of the Week
Visible Hands launches a new program. The investment firm is aiming to create a more diverse tech scene. Its new fellowship program is set to launch in September with the goal of helping underrepresented tech entrepreneurs establish a network and receive funding. Participants must be women, non-binary, Black, Latinx or Indigenous American founders of early stage startups. [Built In Boston]
Numerated takes home a new award. The fintech company claimed the title of “Best Overall Business Lending Company” in this year’s FinTech Breakthrough Awards. Its platform works to digitize business lending at financial institutions. It works by gathering data throughout the loan origination process to create document packages for fully digital closings. [Numerated]
DepositLink secured $3.5M. This company specializes in enabling electronic payments for residential real estate deals. With its new seed funding from angel investors, DepositLink anticipates expanding its sales department and updating its infrastructure to fuel further company development. [PR Newswire]
