Funding Update: 25 Boston Startups Raised $420M in August

September 11, 2018

August was a busy month for Boston startups that were fundraising during the peak of summer. Make hay while the sun shines, right?

As usual, there were a few big rounds: Waltham-based data management firm Actifio raised$100 million at a valuation of $1.3 billion. North Reading, Mass.-based TraceLink, which makes software to help pharmaceutical companies track down counterfeit versions of their drugs, has raised $93 million and Renovia, a company dedicated to discovering and delivering digital therapeutic and diagnostic devices for women with pelvic floor disorders, raised $42.3 million. And Salsify, a Boston-based product content management platform for retail brands, announced that it has raised a $43 million in a Series D round led by Greenspring Associates. 

These were the biggest funding rounds for startups. August was eventful for VCs to fundraise too: Flare Capital, which invests in early-stage and emerging healthcare technology companies, is looking to raise $200 million for its second fund, early-stage fintech fund Vestigo Ventures completed raising its Fund I with $58.9 million. Polaris Partners, which manages funds in healthcare and technology and has offices in Boston and San Francisco, announced its first and final close for Polaris Growth Fund I, a fund worth $175 million and Boston said hello to the new cryptocurrency & blockchain fund — Co-founder and partner Matt Walsh’s Castle Island Ventures has raised $30 million for its first venture capital fund.

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