Boston Tech news covered a variety of industries this past week, including cannabis delivery, pet health and more. Read on for the latest. This is the Built In Boston weekly refresh.
Circle revisited a SPAC deal. Circle is a fintech company that helps businesses use USD crypto coin. The company announced plans to go public in a $4.5 billion SPAC deal last year but has since reevaluated the terms of the merger. Given the growing crypto industry, Circle will now go through the SPAC merger at a $9 billion valuation rather than a $4.5 billion valuation. Circle is also currently hiring for more than 50 positions. [Built In Boston]
Bond Vet expands. The NYC-based company providing healthcare for pets announced it is expanding with five new locations in Boston. Locations include the Seaport, Somerville and Chestnut Hill neighborhoods. Bond Vet provides affordable pet healthcare and telehealth services, as well as urgent and primary care. The news to expand comes just after the company’s Series B raise in October. Bond Vet is actively hiring across multiple departments. [Built In Boston]
BOSTON TECH QUOTE OF THE WEEK
Lantern expanded its cannabis delivery. Lantern is a cannabis e-commerce marketplace that provides on-demand delivery. The company has partnered with dispensaries South Shore Buds and Health Circle to expand its delivery zone. Through the Lantern marketplace, customers will have on-demand delivery available in South Boston, Brockton, Quincy, Marshfield, Dorchester, Abington, Kingston, Plymouth and Rockland. Lantern is currently hiring for several roles and will continue to expand in the future. [Built In Boston]
3Play Media acquired CaptionMax. 3Play Media acquired CaptionMax, which includes National Captioning Canada (NCC). 3Play Media is a closed captioning, translation and transcription platform that is used in multiple industries. CaptionMax provides closed captioning, localization, description and transcription services, with NCC being a subsidiary of the company. NCC is considered the largest live captioning provider in Canada, which will expand 3Play Media’s footprint. The terms of the acquisition were not revealed. [3Play Media]
Vestmark gained a new SVP. Vestmark provides portfolio management and trading solutions for advisors and financial institutions. The company announced it has appointed David Gordon as the new senior vice president of direct indexing. Gordon will be responsible for expanding the company’s direct indexing solutions. The news comes after Vestmark named a new chief investment officer last month. [PR Newswire]
