These 23 Boston Startups Raised More Than $451M in March

April 9, 2018

March was an incredible month for tech startup funding, with both Cambridge-based biotech company Rubius Therapeutics and Boston-based recruiting marketplace Scout Exchange raising $100 million each.

Beyond Rubius and Scout Exchange, other startups that raised large rounds this month include Desktop Metal ($65 million), Finally Light Bulb Company ($50 million) and WHOOP ($25 million).

Also, this past month we discovered that the total for the Series C round of True Fit is a little more than the $55 million announced in January: almost $58.6 million, according to a SEC document.

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Here are 23 Boston startups that raised money this month:

• Apifia, which also operates under the name Mavrck, raised almost $2.7 million in an equity offering, according to a new Form D.

• Aveta Biomics, a Bedford-based biotech company that is designing drugs to modulate up and downstream targets in a disease network, raised $1.1 million in an equity offering, according to a new Form D.

• The Cambridge Innovation Center (aka CIC) has raised $58 million from European real estate developer HB Reavis. The co-working campuses started in Kendall Square and are also in St. Louis, Boston, Miami, Netherlands, and Poland (in 2020), according to BBJ.

• Common Sensing, a Cambridge-based smart health technology manufacturer, raised over $6.6 million in an equity and option offering, according to a new Form D.

• Desktop Metal, a 3D printing company based in Burlington, Mass., raised $65 million from Ford Motor Company and Future Fund, bringing its total fundraising efforts to $277 million. Other investors include: BMWKleiner PerkinsLux CapitalBoltFounder CollectiveGE and GV (formerly Google Ventures).

• Finally Light Bulb Company, a Boston-based company that sells a new type of light bulb based on technology invented by Nikola Tesla, has raised a $50 million Series D round of financing, bringing its total funding to $93 million. The Series D round was led by Brian Kelley, a partner at private equity firm Lindsay Goldberg and former president of Coca-Cola Refreshments and a former CEO of Keurig Green Mountain.

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