These 5 Boston Startups Collectively Raised $705M in January

Read about Boston's top five largest funding rounds in January.

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Published on Feb. 03, 2020

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Five Boston companies made big moves in January, raising a combined total of $705 million. Berkshire Grey took the top spot with a whopping $263 million Series B. Read on for details on each of this month's biggest equity rounds.

 

#5, $42 million, January 8

The healthtech startup offers an online platform to help patients find the right doctors and health care professionals. The Series D round brought its total funding to over $125 million. It plans to hire 100 new employees in 2020, increasing the company's headcount by 60 percent. 

 

#4, $50 million, January 7

Vecna makes self-driving forklifts along with an AI-powered platform. Founded in 1998, the company recently moved toward developing warehouse logistics. The Series B round will allow the company to scale its products and services.

 

#3, $150 million, January 13

Using AI-based tech and data from trials, studies and surveys, Concerto HealthAI wants to improve cancer treatments. It'll use the new funds to expand into new therapy areas and innovate on the company's products. 

 

#2, $200 million, January 6

The agtech startup wants to create a more sustainable future for the agriculture industry. It has now raised a total of $850 million. The funding will be used to grow its online platforms, such as Indigo Carbon and Indigo Grain Marketplace.

 

#1, $263 million, January 21

Topping the list with a massive Series B round, Berkshire Grey creates robotics solutions to automate specific supply chain and warehouse tasks. The funds will go toward its global expansion as well as growing its team. SoftBank, Khosla Ventures, New Enterprise Associates and Canaan all participated in the financing.

 

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