These 5 Boston Tech Companies Collectively Raised Nearly $400M in May
A wide range of Boston-based startups pulled in millions of dollars in venture capital last month with funds earmarked for medical tech innovations, hiring and much more. These five local tech companies raised a combined $398 million in May. Keep reading to see who made it to the top of the list.
#5. $27 million, May 24
Supply chain software management startup Tidelift pulled in $27 million in a Series C funding round led by Dorilton Ventures. The round brought on Daniel Freeman, a general partner at Dorilton Ventures, to Tidelift’s board of directors.
#4. $31 million, May 12
AcuityMD, a medtech software platform that helps track emerging medical technology and its efficiency for doctors, raised a $31 million Series A. The round was led by Redpoint Venture Partners with participation from existing investor Benchmark. With its fresh funding, AcuityMD plans to invest in research and development and hire for its engineering, sales and marketing teams.
#3. $38 million, May 24
Regrow Ag raked in $38 million from Galvanize Climate Solutions to fuel its regenerative agriculture technology that aims to help food and agriculture companies achieve net zero emissions. The startup plans to use the funding to establish customer relationships with food producers and deepen its existing partnerships.
#2. $102 million, May 12
Electric vehicle battery producer 6K raised $102 million in part one of its Series D raise. When the round fully closes later this spring, the company expects the raise to reach $150 million. The round, led by Koch Strategic Platforms, is set to go toward expanding 6K’s product offerings and hiring an additional 50 people to its 140-person team.
#1. $200 million, May 6
Home security giant SimpliSafe pulled in $200 million from Capital One, N.A., HPS Investment Partners, Owl Rock and Eastern Bank. SimpliSafe is set to use its new funding to expand its security product offerings and “aggressively” hire with more than 70 open roles available, most of which are local to Boston.