Formlabs achieves unicorn status
On Wednesday, Formlabs announced it has raised $15 million, bringing its total funding to $100 million and its valuation in excess of $1 billion. The Somerville-based 3D printing company was launched by three MIT students in 2011, bringing affordable engineering and design tools to professionals around the world. The latest round was led by New Enterprise Associates. Formlabs also appointed Jeff Immelt, former chairman and CEO of General Electric Company, to its board. [Built In Boston]
Flywire lands $100M in fresh funding
Flywire, a Boston-based payments startup, saw a major funding round to close out the month. The fintech company announced that it had raised $100 million in a Series D funding round last week, which it will use to grow in the U.S. and establish a footprint in markets like Africa, Latin America and the Middle East. If you’re unfamiliar, Flywire’s payment processor platform cuts out card processing companies and enables hospitals, universities and businesses to manage large international financial transactions. [Built In Boston]
Indigo brings on former Amazon exec as CPO
Local agtech unicorn Indigo announced this week the appointment of Brian Birtwistle as chief product officer. Birtwistle will focus on developing Indigo’s digital technologies with the goal of enabling data-driven farming and increased food system transparency. Birtwistle was an early executive at Amazon, and most recently served as chief operating officer at Tilt. This appointment comes on the heels of Indigo’s announcement that it had authorized the sale of up to $300 million in new shares. If the round is successful, Indigo would be valued at up to $3.5 billion — doubling the agtech company’s valuation. [Press Release]
