In the unofficial last week of summer, these Boston tech companies raked in rounds to develop healthtech, cloud computing and social impact initiatives. Cozy up with a pumpkin spice latte (or not), and catch up on what you may have missed. This is the Built In Boston Weekly Refresh.
MedMinder raked in $35M. Needham-based healthtech company MedMinder raked in $35 million to further advance its tech-fueled approach to pill dispensers. Founded in 2007, MedMinder produces smart pill dispensers that are able to remind users to take their medication by combining a tablet-like feature with a pill dispenser. With its new capital, MedMinder is set to meet “growing demand” and build out its virtual care offerings. [Built In Boston]
Fairmarkit secured $36.5M. Fairmarkit, a Boston-based automated sourcing platform that helps businesses handle the procurement of goods, raised $36.5 million in its Series C round announced last week. The raise, led by OMERS Growth Equity with participation from GGV Capital, Insight Partners and other strategic investors, brings the company’s total funding to date to $78 million. With its new capital, the company plans to invest in strategic hiring, technology partnerships and further developing its product offerings. [Business Wire]
Ambassador Labs raised $20M. Cloud development startup Ambassador Labs, which uses its technology to help developers better ship and run applications, announced it raised $20 million in funding last week. The raise was led by Insight Partners and will be used to accelerate the company’s go-to-market initiatives. Additional use of funding will go to expanding its commercial product portfolios. [Global Newswire]
Boston Tech Quote Of The Week
Zilla pulled in $13.5M. Boston-based Zilla, an identity security platform, pulled in $13.5 million in a Series A funding round. The raise was co-led by Tola Capital and FirstMark Capital with additional participation from Pillar VC. According to a company statement, Zilla has onboarded 50 enterprise customers since launching last year. With its new capital Zilla plans to fuel growth, expand its product development and launch new go-to-market channels. [PR Newswire]
Perkies was featured in our Future 5 series. E-commerce apparel startup Perkies spoke with Built In about the company’s new social impact initiatives. While the startup’s original mission was to make a better sticky bra, CEO and founder Rosie Mangiarotti eventually realized that her other product offerings can offer breast cancer survivors a way to have the look and feel of nipples after a mastectomy. [Built In Boston]
These five Boston companies raked in $1B+ last month. Boston’s local tech ecosystem pulled in huge funding rounds last month. Together, these five companies pulled in triple-digit rounds raking in over $1 billion. Read on to see where these tech companies are directing their new capital. [Built In Boston]
