Boston had a busy week, including several funding rounds and other big announcements. See what these companies are up to next. This is the Built In Boston weekly refresh.
Appfire surpassed $100M in annual recurring revenue. Appfire is a provider of software development apps and one of the first to partner with Australian software developer Atlassian. Appfire now delivers products through the Atlassian Marketplace. The company gained a $49 million investment from Silversmith Capital Partners in 2020 and less than a year later got another $100 million from TA Associates. [Built In Boston]
Hometap raised $60M. The fresh funding round was led by American Family Ventures and will go toward expanding Hometap’s team. Hometap allows homeowners to borrow against the equity of their homes by taking on an investor rather than taking out loans. With Hometap, homeowners have 10 years to either sell the house and pay Hometap an agreed-upon percentage or pay the company a percentage of the home’s current value in cash. [Built In Boston]
BOSTON TECH QUOTE OF THE WEEK
ConnectRN gained $76M. In a time when many people in the healthcare industry are feeling burnout, a local startup is here to help. ConnectRN provides a space for healthcare workers to get together for support and career development and open shifts. The platform also pays nurses an hourly wage, payroll taxes, Social Security and medicare contrubutions. ConnectRN was recently named as one of the fastest-growing startups in the country, according to Inc. The company will use funding to move into more markets and is currently hiring. [Built In Boston]
Motional invested in Boston. Motional is doubling the size of its Seaport operations facility and is looking to hire more than 100 new employees in the next year. Motional, formerly nuTonomy and Aptiv, focuses on driverless technology in automotive and vehicle sectors. [Built In Boston]
Tomorrow.io is going public. The startup formerly known as ClimaCell announced plans to go public via a SPAC merger with Pine Technology Acquisition Corp (PTOC.O). The merger will value the combined company at $1.2 billion. The deal is expected to close in the first half of 2022 at which time the new company will trade on the Nasdaq under the ticker “TMW.” [Boston Business Journal]
Numerated acquired Fincura. Numerated is a SaaS digital loan origination system for business banking. Fincura, on the other hand, unlocks data trapped in financial data and spreadsheets. The acquisition will add automation, configuration and financial analysis to Numerated’s Digital Loan Origination System. [Numerated]
