Boston’s Top Tech Funding Rounds Totaled $337M in March
These Boston companies are closing out Q3 strong with fresh capital and plans to expand, hire and innovate. Together, these five local tech companies raised $337 million in March.
#5. $22 million, March 22
Upshot’s platform provides appraisals for NFTs. The blockchain-based company raised $22 million in a Series A2 funding round that will be used for research and development of the company’s pricing models. A portion of this capital will also be used to expand its team.
#4. $50 million, March 11
Mori is working to extend the shelf-life of foods with its patented solution using water, salt and heat. The company raised a Series B1 round led by Prelude Ventures. This brings Mori’s total capital raised to $82.3 million since launching in 2016.
#3. $55 million, March 17
Hydrow, the maker of a rowing machine, received $55 million in a Series D round, bringing its total funding raised to date to more than $255 million. The Series D funding will go toward product innovation, marketing expenses and brand building.
#2. $60 million, March 24
Nasuni provides file data services and replaces network-attached storage (NAS) and file server silos. The company gained an equity investment from Sixth Street Growth to continue expanding and innovating. Nasuni also plans to look into strategic acquisitions.
#1. $150 million, March 29
ConcertAI, formerly Concerto HealthAI, provides SaaS data solutions for the life sciences and healthcare industry. The company gained $150 million in a Series C round that brought its valuation to $1.9 billion. The latest funding round will be invested in improving the newly minted unicorn’s technology offerings.