Boston tech reeled in a whopping $261.5M this June

Written by Justine Hofherr
Published on Jul. 02, 2018
Boston tech reeled in a whopping $261.5M this June

June temperatures aren’t the only thing heating up in Boston: VC funding also picked up steam this month, with five startups sizzling up a total $261.5 million in funding.

Companies like TraceLink and BitSight Technologies saw impressive investments in the SaaS and security spaces, while ezCater raised a round in the triple digits. Here were the top five rounds of June:

 

veridium
Photo via verigium 

5. Veridium, $16.5M, June 29

Investors: The Series B round was led by U.K. entrepreneur and philanthropist Michael Spencer, with participation from Citrix Systems, Inc. and financial services executive and investor Michael Powell.

Bio: Veridium, a Quincy-based company, is taking a novel approach to security by using biometrics instead of passwords and tokens for authentication.

News: The financing will allow Veridium to continue to drive innovation and accelerate product development for its comprehensive authentication platform.

 

devo
Photo via devo

4. Devo, $25M, June 8

Investors: The round was led by Insight Venture Partners.

Bio: Devo’s mission is to help organizations make better business decisions by leveraging its data operations platform, which offers analytics on streaming and historical data.

News: The round will be used to invest in research and development, as well as to grow the company’s sales and marketing teams.

 

bitsight technologies
Photo via Bitsight technologies

3. BitSight Technologies, $60M, June 28

Investors: The financing was led by Warburg Pincus, with participation from existing investors Menlo Ventures, GGV Capital and Singtel Innov8.

Bio: The BitSight Technologies security ratings platform uses sophisticated algorithms to generate daily security ratings that range from 250 to 900, helping businesses manage third-party risk, underwrite cyber insurance policies and benchmark their performance.

News: The funding will be used to continue BitSight’s rapid global expansion and extend its portfolio of market-leading security risk management solutions.

 

tracelink
Photo via Shutterstock

2. TraceLink, $60M, June 14

Investors: Goldman Sachs participated in the round, as did Volition Capital, FirstMark and F-Prime Capital.

Bio: TraceLink is a fast-growing track-and-trace network that helps connect the pharmaceutical supply chain and eliminate counterfeit prescription drugs from the global marketplace.

News: The funding came as the company expands rapidly in the midst of growing demand for TraceLink’s serialization platform, which helps pharmaceutical companies meet track-and-trace requirements around the world.

 

ezcater
Photo via Ezcater

1. ezCater, $100M, June 19

Investors: The round was led by Wellington Management Company LLP, with participation from existing investors ICONIQ Capital, Insight Venture Partners and others.

Bio: Founded in 2007, ezCater helps businesses find local catering providers and order from them online, aiming to make meetings more pleasant and employees more engaged.

News: EzCater said it will use the funds to grow its market leadership, enhance its products and expand internationally.

 

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