Boston is regularly at the forefront of U.S. biotech innovation, and a couple of companies in the space secured sizeable capital raises in October. However, the month’s largest round for the Bay State tech scene went to a company specializing in eco-friendly manufacturing materials. Learn more about how these companies are growing.
Top Boston Tech Funding Rounds, October 2023
- Seurat Technologies
- Precede Biosciences
- HqO
- Lendbuzz
- DermBiont
#5. $35.2 million, October 24
Double Point Ventures led a round of Series B funding for DermBiont, a biotech company working to create topical therapeutics to treat, cure and prevent skin diseases. The company will invest its fresh capital in advancing two drugs it currently has in development, one treatment for seborrheic keratoses and another for skin hyperpigmentation disorders.
#4. $45 million, October 4
Fintech platform Lendbuzz works to provide auto loans informed by alternative data, machine learning and deep neural networks. The company announced a $45 million equity raise led by Group 1001 that it plans to invest in product innovation, research and development and technology enhancements.
#3. $50 million, October 18
Koch Real Estate Investments led a round of Series D funding for HqO, a company that leverages technology, data and customer-centric experiences to help modernize the workplace real estate industry. The funding will help HqO execute its targeted mergers and acquisitions strategy.
#2. $57 million, October 5
Precision medicine company Precede Biosciences launched from stealth last month with a total of $57 million in venture capital. The company works with drug developers to accelerate medicine development by using genomic liquid biopsy technology to identify the biology associated with response and resistance to treatment.
#1. $99 million, October 30
Headquartered in Wilmington, Seurat Technologies is a 3D metal printing company that hopes to make the manufacturing sector more environmentally friendly. The company secured a hefty round of Series C funding from lead investor NVentures to deploy its new machines and scale its factory capacity to meet today’s demands.
