Summer is in full swing, and last month, the fundraising activity in Boston startup land emulated the energy. Along with startups, a number of venture capital funds raised significant dollars.
Bain closed on $1.5 billion for its first-ever real estate fund, and Boston private equity firm Great Hill Partners raised $2.5 billion for its seventh growth buyout fund to seek opportunities to finance the acquisition, recapitalization, or expansion of rapidly growing middle-market companies. Waltham-based Prospect Hill Growth Partners announced the closing of Prospect Hill Growth Fund II, L.P. with total commitments of $380 million. RA Capital Management announced Monday that it has closed its first venture fund, a $300 million pot of money that it will use to invest in biotech companies.
In more biotech fundraises, Wellington Management Company disclosed it has raised more than $391 million for a new hedge fund. Another Boston-based healthtech venture capital firm Flare Capital Partners announced the closing of its second fund, Flare Capital Partners II, with a total of $255 million in committed capital.
Below are the startups that raised capital in July:Read Complete Article