The Boston tech scene is buzzing after another busy week of new venture capital raises and plenty of national recognition for local standouts. Read on for more. This is the Built In Boston weekly refresh.
These Boston tech companies made the Inc. 5000. Considered some of the fastest-growing startups in the country, 128 Boston-area companies across all industries made the cut for Inc.’s latest list. The honorees are ranked by their overall revenue growth from 2017–2020. Claiming the top spots for Boston tech were document solution Notarize, healthcare platform connectRN and fintech company Numerated. [Built In Boston]
Nexamp got $680M. This latest round for Nexamp is a combination of $240 million in equity funding led by Generate Capital and a $440 million debt facility from Marathon Capital. Aiming to make clean energy more accessible, the company provides customers with solar and energy storage solutions. Currently serving 40,000 customers across 10 states, the funding will enable Nexamp to fuel growth and expand its presence. [PR Newswire]
Boston Tech Quote of the Week
Hopper pulled in $175M. GPI Capital led the latest round of funding for travel booking company Hopper. As the travel industry revs up again, Hopper’s platform provides users with AI-powered tools that allow customers more flexibility and control over their itineraries. The Series G round will help the company build out its team, particularly across customer support, with the goal of filling 500 new positions in the coming months. [Built In Boston]
Four Boston companies ranked on Forbes’ Cloud 100. Determined by factors including growth, sales, valuation and culture, Forbes ranked the top private cloud companies across the globe. The Boston businesses included on the list include cybersecurity startup Snyk, AI company DataRobot, marketing automation platform Klaviyo and food industry software provider Toast. Altogether, the companies have raised over $3 billion in total funding. [Built In Boston]
WeSpire secured $13M. The company offers a way for organizations to measure the impact of their employee engagement initiatives, as well as tools for designing and running these programs. WeSpire just closed on its Series B round led by Level Structured Capital that it plans to invest in internal growth and product innovation. The startup is hiring across its sales, marketing and customer success teams. [FinSMEs]
