Boston tech companies made several announcements last week, including capital raises, new grant recipients and more. Catch up on the latest. This is the Built In Boston weekly refresh.
Here are 5 up-and-coming startups to watch in Boston. These Boston startups are gaining recognition for their innovations and vision for the future. This quarter, Built In recognized marketing platform Cactivate, fitness tech company Impact Biosystems, gifting platform Outdone, digital investment platform Stackwell and e-commerce app TireTutor. [Built In Boston]
Hometap secured $245M. Hometap allows homeowners to dip into their home equity without taking on a loan. Instead, they receive cash by selling a portion of their home equity to an investor. The $245 million capital commitment comes after Hometap raised $60 million in fresh funding in December. Hometap currently has several positions open, including roles on its engineering and data teams. [PR Newswire]
Sayata raised $35M. Sayata raised an additional $35 million to its Series A round, which initially totaled $17 million in August. Sayata automates the insurance finding process for small and medium-sized companies. The additional capital raised will be used to grow out its team and expand into new lines of insurance. [Built In Boston]
BOSTON TECH QUOTE OF THE WEEK
Jebbit got $70M. The growth equity investment was led by Vista Equity Partners. Jebbit is a Boston-based data platform providing an alternative way to gather first-party data by using interactive features such as quizzes. During an era where data privacy demand is growing, Jebbit will use the capital to accelerate its product development, sales and marketing teams. The company currently has dozens of tech positions available. [Built In Boston]
Mentor Collective raised $21M. Boston-based Mentor Collective raised $21 million in a Series A round led by Resolve Growth Partners. Lumina Foundation also participated in the round. Mentor Collective was founded in 2014 to help college and graduate students find mentorship. The company has since partnered with 165 institutions. [TechCrunch]
VistaPrint, NAACP and the Boston Celtics Shamrock Foundation announced grant recipients. The three organizations announced a second round of recipients for the Power Forward Small Business Grant. The grant is aimed at creating a “lasting impact through the economic empowerment of Black-owned small businesses across New England,” according to the grant application. The second group of recipients includes 13 small businesses across different industries. The application has been open since February of 2021 and will remain open until all funds have been dispersed. [VistaPrint]
