One quarter down, three to go.
With the start of the new season, Boston startups are looking flush with cash and full of renewed enthusiasm for projects. March was a notable month with some companies raising multimillion dollars in venture funding.
Markforged, the Watertown-based maker of industrial 3D printers, raised $82 million in a Series D round led by Summit Partners. Paris-based Shift Technology, a company that uses artificial intelligence to help insurance companies detect fraud with offices in Boston, raised $60 million led by Bessemer Venture Partners. Cambridge-based MineralTree, the fintech startup that automates accounts payable and payments for mid-market companies, raised $50 million in a Series C, and travel startup Lola.com raised $37 million led by General Catalyst.
In terms of VC activity, after a successful launch of its first graduate syndicate fund, Boston-based venture capital firm Flybridge Capital is now on repeat mode. The company told closed its second edition of the graduate syndicate fund worth $4 million to invest solely in startups founded by Harvard University graduates.
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Below are the startups that raised capital in March:
Lingar, a company that makes mobile augmented reality platform designed to make interactive digital experiences raised $330,000 from Cosimo X.
Cambridge-based Via Separations, a startup that focuses on molecular filtration for industrial processes, sold shares worth $4.1 million in its $4.8 million round of equity funding, according to a Form D filing.
Boston-based tokenized VC firm Cosimo X invested in three local ventures: It invested $1.5 million in Oneiro, a company that launched the first unpegged digital currency and buoyant coin optimized for long-term value called ‘ndau,’ raised $1.5 million from Cosimo X.Read Complete Article