Boston tech companies hit it big this month, with the top five funding rounds totaling $859 million. Toast took the top spot by pulling in a giant $400 million. Read below for details on the top February funding rounds in Boston.
#5. $63 million, February 11
The company creates AI software that’s meant to help people instead of replace them. Insight Partners led the funding round. It’ll mainly be used for the development of one of its products, Red Sky Ops.
#4. $120 million, February 13
Flywire helps make international payment processing more simple while also offering lower transaction fees and better exchange rates. Goldman Sachs led the Series E round, bringing its total funding to $260 million. It’ll use the money to grow its team and build out the platform.
#3. $126 million, February 10
Founded in 2011, the startup assigns each patient a care team so they get personalized care that is holistic and preventative. Premji Invest led the Series F funding round. It plans to use the funds to develop new features.
#2. $150 million, February 4
Its platform helps companies hire around the globe easily, without having to set up local offices or subsidiaries. Funds managed by Wincove Private Holdings and TDR Capital led the minority equity investment. With the funds, it plans to hire for both its marketing and sales teams.
#1. $400 million, February 14
Toast celebrated Valentine’s Day by announcing a giant Series F funding round. Its restaurant management system allows users to seamlessly handle all operations on one platform, from front- and back-of-house to guest-facing tech. With the investment, it wants to add new products and features.
