HubSpot Buys OneForty, Cambridge Diagnostics Startups Nab Funding, Hopper Closes $8M, & More Boston-Area Deals News
This week we’ve seen financing news for a mix of New England IT and life sciences startups.
—Massachusetts startups raised $250.5 million across 34 deals in July, down from about $564.7 million the month before. The July drop in funding is a pattern we’ve observed before, thanks to data from our partner CB Insights, provider of FundingFlash, a daily roundup of companies receiving venture capital, angel investment, and growth equity funding.
—Cambridge, MA-based marketing tech firm HubSpot bought also Cambridge-based Oneforty for an undisclosed sum, scooping up the Oneforty team and bringing the merged company’s head count to 285 employees. Oneforty provides social media marketing tools and a directory of social media apps.
—Hopper, a Montreal-based travel startup looking for office space in Cambridge for the fall, announced it pinned down an $8 million funding round led by Atlas Venture with participation from Brightspark Ventures.
—Natick, MA-based cloud data storage provider TwinStrata nabbed $5.7 million in equity funding from 27 investors. The financing could hit $8.7 million, according to an SEC document.
—Two Cambridge diagnostics technology startups raised money this week. Quanterix—previously funded by Bain Capital Ventures, Arch Venture Partners, and Flagship Ventures—raised $6 million in new equity financing. And Foundation Medicine, a provider of cancer genomics testing, pinned down about half of an equity round that could hit $20.5 million.
—Our VentureDeal feed pulled another slew of New England financing headlines: $1 million for Newton, MA-based TenMarks, $500,000 for Boston-based Nyx Devices, $3 million for Pittsfield, MA-based Nuclea Biotechnologies, $7 million for Lebanon, NH-based Mascoma, and $1.5 million for Glastonbury, CT-based PayVeris.