Boston Startup Community News & Content

Alumni Ventures Group is the most active venture fund you’ve never heard of

Alumni Ventures Group’s (AVG) limited partners aren’t endowment or pension funds. Its typical LP is a heart surgeon in Des Moines, Iowa. The firm has both an unorthodox model of fundraising and dealmaking. Across 25 micro funds, AVG is raising and investing upwards of $200 million per year for and in tech startups. Tucked away in Boston, far

Oct 19, TechCrunch

These 19 MassChallenge Startups Just Won $1.65M

Nineteen of Boston’s most promising early-stage startups won a total of $1.65 million at Wednesday night’s MassChallenge awards ceremony. The startup accelerator’s top four winners — EBT Medical, Infinite Cooling, Mobile Pixels and WatchTower Robotics — each won $100,000, while two more startups received $75,000 each and nine other companies brought home $50,000 each. Also, additional

Oct 17, BostInno

This company, led by veteran athenahealth execs, just raised $300m

Two decades ago, Ed and Todd Park were part of the small team that launched athenahealth, the health care information technology company that grew into a big name in Boston’s tech economy. Now, they’re on their way to building another major player in the field. Waltham-based Devoted Health, led by the Park brothers, is trying

Oct 16, The Boston Globe

MIT aims to raise $1 billion for new AI-focused college

Blockchain and cryptocurrency advocates have been waiting for large financial institutions to shed their wariness and begin investing meaningful amounts of money into the emerging technology. The sector may have gotten a significant catalyst on Monday, when Fidelity Investments announced it created a separate venture that will offer digital currency services to hedge funds, family offices, market trading firms,

Oct 15, Xconomy

Leadership Communication Tool Carrot Comes Out of Stealth

It’s hard to have a conversation about communication software applications and not mention Slack. ‘It’s where work happens,’ remember? One entrepreneur disagrees. “People use Slack more to chat with their teams in real time and less to discuss and strategize on projects and policies,” said Stuart Levinson, CEO and co-founder of Carrot. He launched the startup,

Oct 15, BostInno

The Startup That Got a Boost From Tom Brady

Purple Carrot has found a unique niche in a growing market for meal kits. An investment from Fresh Del Monte and a partnership with Tom Brady’s TB12 nutrition program have helped the Boston-based company grow its user base and its national reach. Founder and CEO Andy Levitt explains Purple Carrot’s recipe for success.

Oct 16, Bloomberg

Andreessen Leads $300M Bet on Devoted Health’s Senior Care Approach

If you had more than $300 million to try and fix the healthcare industry, how would you do it? For a startup called Devoted Health, the answer involves a combination of providing more home healthcare and support to the seniors it serves, as well as incorporating telemedicine and other technologies as part of a business […]

Oct 16, Xconomy

Fidelity’s New Crypto Startup Could Spark Wall Street Investment

Blockchain and cryptocurrency advocates have been waiting for large financial institutions to shed their wariness and begin investing meaningful amounts of money into the emerging sector. That effort may have gotten a significant catalyst on Monday, when Fidelity Investments announced it created a separate venture that will offer digital currency services to hedge funds, family […]

Oct 15, Xconomy

Out-Of-Staters Providing Fuel To Mass. Economy, Experts Believe

“It stands to reason that the fuel for the state’s recent labor force growth is the movement of workers into the state from other states,” economists wrote Thursday in an “excerpts from the board” summary.

Oct 15, WBUR

There’s an energy in offices of XL Fleet

Tod Hynes is no exception to the open floor plan at XL Fleet, the company he founded and leads as chief executive. Like many other startup leaders, he has no individual office but instead works at a desk looking out at about 40 employees. “We’re able to get stuff done pretty quickly,” he says. “If

Oct 12, The Boston Globe