These 16 Boston Startups Raised $167M in April - NBC Boston
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These 16 Boston Startups Raised $167M in April

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    These 16 Boston Startups Raised $167M in April
    Freebird via BostInno
    Freebird co-founders Sam Zimmerman and Ethan Bernstein.

    It was a big month for Boston startup raising capital. While a majority of the startups in April raised under $10 million, six others closed sizable rounds, including Sea Street Technologies, which came out of stealth with $41 million in total funding. Other tech companies that raised more than $10 million were InnovaSea Systems, Om1, Reflexis Systems, VionX and ZappRx.

    Here are the 16 Boston startups that raised a total of $167 million in April:

     BeautyLynkone of BostInno's 17 startups to watch in 2017, is out raising a round for as much as $600,000, according to a Form D. The filing indicates the 2016 MassChallenge winner has raised $100,000 so far.

     Bedly, an online platform that offers flexible-term housing both in Boston and New York City, raised a $2.7 million seed round from Accomplice, Founder Collective and several angel investors, including Diane Hessan. Bedly will use the money to expand in its existing markets and adding features to its platform.

     Brand Networks, a Boston adtech company, raised $2 million out of a $2.6 million equity offering, according to a Form D. The company named former Yahoo exec Todd Taplin as its new CEO last month, taking over from founder Jamie Tedford, who remains chairman of the company's board.

     CollegeVine, a Cambridge-based startup that aims to help teens navigate the admissions process, added an extra $3.7 million to the $3.1 million Series A it raised six months ago, Boston Business Journal reported. Backers included University Ventures and Morningside Technology Ventures.

     Drafted, the recruiting tech startup founded by Kayak vet Vinayak Ranade, raised a $1.7 million round, according to a Form D. Ranade declined to comment on the round, but I sense there's a public announcement coming soon. The filing says $75,000 of the round will be used for general working capital. Drafted came out of Paul English's now-defunct startup accelerator Blade, from which Lola Travel was also formed.

     Freebird, a Cambridge startup whose app helps you instantly rebook canceled or delayed flights, raised a $5 million round co-led by Accomplice and General Catalyst. Some travel industry vets also backed the round, including TripIt co-founder Scott Hintz.

     Freight Farms, the Spark Capital-backed Boston startup that builds automated farm systems in shipping containers, raised $5.3 million for a new round of financing. The company is looking to raise up to $8 million for the round — presumably its Series B — according to a Form D. Its last round was a $3.7 million Series A led by Spark Capital in December 2014.

     InnovaSea Systems, which is developing an all-in-one system for fish farms, just raised a $15 million round from Cuna Del Mar, a firm that makes investments in open-ocean aquaculture ventures. Fun fact: The company was formed in 2015 through a merger of a company from Maine called Ocean Farm Technologies and a Seattle-based company, Boston Business Journal reported.

     Mobiquity, a mobile development company based in Waltham, added $2.9 million to a round it originally closed last year. The total funding for that round is now $19 million, according to a Form D.

     NextWorth raised over $1 million in a debt securities offering. The online trade-in software provider for retailers is looking to raise a total of $2 million for the round, according to the company’s SEC filing.

     OM1, a Cambridge-based predictive analytics healthcare startup,  raised a $15 million Series A round led by General Catalyst, with participating from Glikvest, 7wire Ventures and Wanxiang Healthcare Investments. Total funding is $19 million.

     Reflexis Systems, a Dedham-based provider of workforce management software, raised $33 million and is seeking a total of $60 million for the round, Boston Business Journal reported. Reflexis customers include Staples Inc., TJX Companies Inc. and Home Depot.

     Sea Street Technologies, a startup founded by former Cisco exec Harley Stowell, came out of stealth mode with $41 million in funding and big customers like Cox Communications. According to the Boston Business Journal, the company's StratOS product is an "'expert operating system' for the virtualized IT infrastructure of the world's largest networking companies."

     Torchlight, a Boston-based provider of software for caregivers, raised a $1.3 million round from Elliot Sainer and other backers. Total funding is now $3.2 million.

     VionX, a Woburn-based battery maker, has raised a $12 million round, bringing total funding to at least $79 million, Boston Business Journal reported.

     ZappRx, a Boston-based provider of prescription management software for specialty drugs, raised a $25 million Series B led by Seattle-based Qiming US Healthcare Fund, with participation from SR One and GV (formerly Google Ventures).

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