Boston Startup Community News & Content

Auto financing startup Lendbuzz raises $360 million in debt and equity

OAKLAND, Calif. (Reuters) – Lendbuzz, a Boston-based startup that offers auto loans to people who lack credit history, said on Wednesday it raised $60 million in its latest equity funding round and $300 million in debt from Goldman Sachs Group Inc’s consumer arm. Startups that extend credit to consumers and businesses who have struggled to

Jun 23, Reuters

‘Wigs are the next big thing’: A Boston beauty startup wants to make the buying process easier for Black women

Mary Imevbore bought her first wig online in 2017 when she was attending Williams College. Like many Black women, she had decided to “go natural” years ago, forgoing damaging hair straightening treatments. But she had trouble finding a Black hair stylist in the rural Berkshires, and as a double major in political science and computer

Jun 22, The Boston Globe

Transmit Security raises $543M Series A to kill off the password

Transmit Security, a Boston-based startup that’s on a mission to rid the world of passwords, has raised a massive $543 million in Series A funding. The funding round, said to be the largest Series A investment in cybersecurity history and one of the highest valuations for a bootstrapped company, was led by Insight Partners and […]

Jun 22, TechCrunch

Croatia’s Gideon Brothers raises $31M for its 3D vision-enabled autonomous warehouse robots

Proving that Central and Eastern Europe remains a powerhouse of hardware engineering matched with software, Gideon Brothers (GB), a Zagreb, Croatia-based robotics and AI startup, has raised a $31 million Series A round led by Koch Disruptive Technologies (KDT), the venture and growth arm of Koch Industries Inc., with participation from DB Schenker, Prologis Ventures, […]

Jun 08, TechCrunch

The Return of Boston Tech

After social distancing on Cape Cod for 13+ months, I returned to Boston to find a very different tech community than the one I left. Gone were the coffee meetings, the meetups, collaborating at a white board, the conferences, and the after work drinks. Replacing them was Zoom, Zoom, and&

Jun 04, High Tech in the Hub

State officials, business leaders launch a new ‘hub’ to promote financial-tech startups

Business leaders have teamed up with the Baker administration to launch a partnership aimed at ensuring Massachusetts is a global leader for financial-tech startups. The initiative that’s being dubbed the “Mass. Fintech Hub” has been in the works for more than a year, as civic leaders home in on another big sector to foster in

Jun 03, The Boston Globe

Knox Financial raises $10M to take the pain out of being a landlord

We’ve all heard the phrase “passive income” to describe how people can make money by owning rental properties. Many Americans would love to passively earn money, but the process of becoming a landlord can be intimidating and complicated.  I mean, how many people have looked back and wished they hadn’t sold a property after seeing […]

Apr 19, TechCrunch

Under new leader, Boston group aims for a more inclusive fintech

FinTech Sandbox’s new focus includes environmental, social and governance, or ESG, investing — three letters becoming more and more popular with the Fidelitys and State Streets of the world. But executive director Kelly Fryer wants to go beyond that, seeking out entrepreneurs who, through technology, want to make financial services more accessible to underserved populations.

Feb 11, Boston Business Journal

Inside Mendoza Ventures’ hands-on VC approach

Five years ago, Boston’s fintech scene was barely getting off the ground. Meetups were small, investors were few, and the investors who did write checks to early-stage startups often ended their involvement after that. For husband-and-wife entrepreneurial pair Adrian and Senofer Mendoza, it was a clear gap in the market. The two founded venture capital

Feb 10, BostInno

Nexthink nabs $180M Series D on $1.1B valuation

We often hear about companies working to improve the customer experience, but for IT their customers are the company’s employees. Nexthink, a late-stage startup that wants to help IT serve its internal constituents better, announced a $180 million Series D today on a healthy $1.1 billion valuation. The firm, which was founded in Lausanne, Switzerland

Feb 08, TechCrunch