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52 Boston Startups Net $1.5 Billion+ In May

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Boston’s biotech industry raised more than $1.5 billion in venture capital funding in May, BostInno reported. BostInno reported that fundraising for new investments by venture capital and private equity firms was less but still evident. Below are the startups that raised capital in May, according to data compiled by BostInno.

Boston 151
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Bain Capital Nets $800M For Business Impact Funding

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Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. The new fund, called Bain Capital Double Impact Fund II, was registered with the SEC on Aug.

Capital 188
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Cable Startup Layer3 Bets Against Streaming

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The Boston- and Colorado-based startup was founded in 2013 and to date has received over $70 million in venture funding from investors Evolution Media Capital and North Bridge Venture Partners & Growth Equity. and has since rolled out to Chicago.

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Barclays Supports Circle Social Payments App

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Circle is a Boston-based startup that has major VC backers, along with big banks like Goldman Sachs and Digital Currency Group as an investment firm backer. And when it launches across the rest of Europe later in 2016, it will offer that service for euros. Circle was officially granted an e-money license by the U.K.

Payments 100
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Cosi Files For Bankruptcy

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According to reports, the Boston-based chain has filed for bankruptcy as it looks to restructure its debt load and conduct a sale process. Though bankruptcies have become part of the standard, perhaps the biggest out-of-left-field default is coming out of Cosi, the flatbread sandwich maker and QSR staple of the last decade.

Boston 100
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The Buyers: Omnichannel Customer’s Impact On Retailers

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Between 2015 to 2016, consumer expectations for multiple purchase options grew from 61 percent up to 74 percent according to Retail Systems Research’s 2016 Customer Experience/Unified Commerce Benchmark Survey. The ability for retailers to capitalize on omnichannel shoppers seems to not quite be in the optimal spot yet.

Retail 137
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Retailers Team With Providers For eCommerce Payments’ Tear

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in 2016, the most recent data available. billion — online payment volume was completed in the Eurozone in 2016, the most recent data available. Going forward, the Boston Consulting Group (BCG) and Swift noted in a report that retail payments may compete on personalization. At the same time, GMS growth accelerated to 20.8

Retail 131