As the Boston tech scene undergoes the ebb and flow of growth, a handful of companies last week secured fresh venture capital to fund new moves. Read up on their latest developments. This is the Built In Boston weekly refresh.
Shift Technology got $220M. Specializing in detecting insurance fraud, this company helps providers automate and optimize several of the processes across the policy lifecycle. Its installment of Series D funding, led by Advent International, values the company at $1 billion. The company is planning to invest in its R&D efforts, growing its presence in the U.S., Europe and Asia, and expanding into new markets. [Built In Boston]
Coin Metrics raised $15M. The cryptocurrency industry has been booming recently, and crypto data provider Coin Metrics is growing as well following its Series B. The company is looking to power global expansion and product innovation with the capital from its Goldman Sachs-led round. It’s also hiring for plenty of roles on its team. [Built In Boston]
Boston Tech Quote of the Week
Crayon pulled in $22M. Its market intelligence platform collects info from both inside and outside of a business to generate insights that influence more confident decisions. With its fresh injection of Series B funding led by Baird Capital, Crayon is looking to fuel product development and double its 100-person team. [Built In Boston]
Upshot secured $7.5M. The Boston startup offers a blockchain-based protocol that works to help expert collectors provide honest valuations of non-fungible tokens (NFTs), profit from their knowledge and create opportunities for novice appraisers. Framework Ventures, CoinFund and Blockchain Capital led the Series A round. [Business Wire]
