Boston Tech Watch: Jibo, LovePop, Harvest power, Cleantech Open
This week, we’re monitoring a couple of Boston-area startup funding bulletins, even if some traders are being tight-lipped about the size of their bets. We’ve additionally obtained cleantech firms making waves at a nationwide competitors. read on for small print.
—Waltham, MA-based Harvest power raised another $ 20 million in a funding spherical led with the aid of previous investors authentic North mission companions, business Ventures, and technology funding administration. the company also named Christian Kasper as its CEO. He replaces Kathleen Ligocki, who recently left for some other CEO job at an undisclosed firm. Harvest energy helps buyers take care of and recycle organic waste by way of turning it into renewable power, soils, mulches, and pure fertilizers.
—Avedro, a Waltham-based vision correction know-how startup, raised $ sixteen.5 million in an fairness funding spherical that could reach $ 32 million when it closes, in step with a new SEC submitting.
—LovePop, a Harvard Innovation Lab spinout that makes pop-up greeting cards, raised $ 2.6 million in a round that might reach $ three.4 million, in step with an SEC submitting. LovePop participated in Techstars Boston’s most contemporary summer software.
—Boston-based totally “social” robotic maker Jibo persevered to rake in capital. Fenox mission Capital has invested an undisclosed quantity of money in Jibo, which raised $ 37.four million from investors prior this yr. That funding spherical adopted a $ three.7 million Indiegogo marketing campaign remaining yr. Jibo expects to start transport its robot subsequent year.
—MassVentures, the state of Massachusetts’s undertaking capital arm, invested an undisclosed quantity in the latest funding spherical for Boston advertising tool firm Jebbit. In July, the company disclosed it had raised $ 1.5 million out of a potential $ 3.5 million round, in step with SEC filings.
—Tank Utility, which has developed an internet-connected device to monitor fuel tanks, gained the nationwide accelerator grand prize at this year’s Cleantech Open awards. the company is primarily based at Greentown Labs in Somerville, MA. It’s the primary startup from the Northeast to win the award, which comes with a $ a hundred,000 funding and $ a hundred,000 price of services, a spokeswoman says. EverVest, some other Boston-house company, used to be the award’s runner-up.
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