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Boston Startup Community News & Content

Founder of new VC firm launches Black entrepreneurship program

Krishna Gupta’s new firm will launch with a new entrepreneur-in-residence program specifically for Black founders.

Jun 23, Boston Business Journal

52 local startups are in MassChallenge Boston’s 2020 cohort

MassChallenge, the zero-equity accelerator founded in Boston 11 years ago, has announced the early-stage startups in this year’s MassChallenge Boston program. Of those startups, 52 are based here in Massachusetts—more than half of the 100 total startups in the cohort. Due to the ongoing coronavirus pandemic, MassChallenge has pivoted to an all-virtual model. The accelerator

Jun 04, BostInno

MassMutual Ventures Announces Third Boston-based $100 Million Fund

BOSTON–(BUSINESS WIRE)–MassMutual Ventures (MMV) announced today that it has launched a third $100 million venture capital fund to continue its successful strategy of investing in early- and growth-stage companies in the financial technology, cybersecurity, enterprise software, and digital health sectors. With this new fund, the Boston-based team will manage a total of $300 million on

Jun 03, Business Wire

Brazilian Retailer Eyes Services for the Unbanked With Acquisition of FinTech Firm Airfox

Brazilian retail firm Via Varejo has scooped up Boston-based fintech startup Airfox for an undisclosed sum. The acquisition comes as part of plans by Via Varejo to provide financial services to millions of Brazilians who lack the means to obtain traditional bank accounts, according to a statement released Friday. The two firms already have a relationship.

May 27, CoinDesk

Amwell bagged $194 million to keep up with the increasingly growing usage of its services

Boston-based telehealth startup Amwell, previously known as American Well, nabbed a whopping $194 million in Series C funding to keep up with its surge in demand, according to CNBC. Business Insider Intelligence The firm had raised $500 million in total prior to this — and it’ll put the latest cash infusion toward ensuring that its infrastructure can keep up

May 22, Business Insider

Health tech startup Scripta Insights takes off amid coronavirus

At just over a year old, Wellesley-based Scripta Insights, a health tech startup that exists to lower the cost of pharmacy benefits, sees a real market opportunity amid coronavirus. The startup’s flagship software is a tool called Script.AI, which uses artificial intelligence to identify where companies are overpaying for their employees’ pharmaceutical benefits. Scripta Insights

May 21, BostInno

Founder Collective barrels forward, closing its fourth and newest fund with $85 million

Founder Collective, a seed-stage fund formed 11 years ago in Cambridge, Ma., has closed its newest fund with $85 million. Earlier today, we talked with the firm’s general partners — Eric Paley, David Frankel, Micah Rosenbloom — to learn more about it. Among our first questions: whether the three are themselves the largest investors in

May 20, TechCrunch

Babson replaces Summer Venture Program with virtual accelerator

As Boston-area universities take their classes, incubator programs and even graduation ceremonies virtual, Babson College has launched “Summer Catalyst,” a 10-week virtual accelerator designed to replace the school’s renowned Summer Venture Program. The new accelerator is structured similarly to the Summer Venture Program: It includes elements like Hot Seat, office hours and dedicated advisors but

May 06, BostInno

These days, venture capitalists are taking extra precautions

Venture capital firms in Massachusetts have billions of bucks in their bank accounts. In just the past month, two local firms, General Catalyst Partners and Flagship Pioneering, announced that they had collected an additional $3.4 billion in fresh capital, which they plan to use to back fast-growing companies. Could VC firms like these be players

May 03, The Boston Globe