Funding poured into everything from energy-efficient 3D printing to venture capital firms that aim to fuel founders with diverse backgrounds and much more. Here’s what you may have missed in last week's news sweep. This is the Built In Boston Weekly Refresh.
Foundation Alloy pulled in $10.5M. Cambridge-based Foundation Alloy pulled in $10.5 million in its seed funding round co-led by Material Impact and The Engine, a venture firm that spun out of MIT. The metal production startup uses binder-jet 3D printing to produce metal in less time and at lower temperatures using 50 percent less energy than traditional production methods. [Built In Boston]
HourWork added to its Series A. Restaurant recruitment and retention platform HourWork raised an additional $2.5 million in its oversubscribed Series A round, bringing the funding round’s total to $12.5 million. [PR Newswire]
Tech Quote of The Week
Good Growth Capital announced a new fund. Women and minority-owned venture capital firm Good Growth Capital raised an oversubscribed $100 million fund to continue its investment efforts in pre-seed through Series B-stage startups that fall in the biomedical, health sciences, green tech, data and material sciences tech sectors. Good Growth Capital focuses a bulk of its investment efforts into founders with diverse backgrounds. [PR Newswire]
Devo Technology raised $100M. Cambridge-based Devo Technology raised $100 million in its Series F funding round led by Eurazeo. The cloud-native logging and security analytics company plans to use its fresh funds to expand in new regions and accelerate its delivery of the “autonomous SOC” product offering. Additional funding will go toward fueling potential merger and acquisition opportunities. [FinSMES]
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