Boston had a big week, with one tech company achieving unicorn status and several others raking in millions in venture capital. Catch up on the latest. This is the Built In Boston weekly refresh.
Mavrck raised $120M. The marketing tech firm known for its enterprise software gained $120 million from Summit Partners. Some of Mavrck’s clients include big names such as Netflix and Procter & Gamble Co. The fresh funding will be used to expand Mavrck’s product offerings. [Boston Business Journal]
Lokalise got $50M. The Series B funding round was led by CRV. Lokalise is a fully remote company with a platform that streamlines the localization and translation process as well as collaboration between project managers and developers through the use of APIs. The new funding will go toward partnerships, hiring and product development. [PR Newswire]
BOSTON TECH QUOTE OF THE WEEK
EzCater gained $100M. SoftBank Vision Fund 2 invested $100 million into ezCater, bringing its valuation to $1.6 billion and solidifying unicorn status. EzCater is one of the largest corporate catering companies. The money raised will be used to grow its team, with some positions currently open. [Built In Boston]
Mightier brought in $17M. Mightier is a video game startup that makes games to support kids’ emotional health. Mightier games use heart rate monitors and tips and strategies within the games to teach children how to control their emotions. The Series B funding round will be used to scale the company. [Built In Boston]
New trading app Zingeroo launched. Serial entrepreneur Zoë Barry founded and launched a new stock trading app, but in the form of friendly competition. Barry sought to create a way to make stock trading more fun for individuals and launched with an $8.5 million investment. Zingeroo plans to expand its engineering team in Boston with the new funding. [Built In Boston]
Transmit hired a new CRO. Transmit Security is a security startup providing companies with the tools necessary for authentication and authorization. The company appointed Chris Kaddaras as its new chief revenue officer. Kaddaras will oversee sales, support and success. [Business Wire]
These Boston tech companies became unicorns. Boston tech companies made many strides in business, innovation and status this year. Many even gained their horns in 2021. Some of the companies that became unicorns in 2021 include Starburst, Inari and Shift Technology. [Built In Boston]
