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Boston Telemedicine Company Amwell Prices IPO

PYMNTS

Amwell , the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. The company has set a price of between $14 and $16 per share for its sale of 35 million shares. The proceeds would raise between $490 million and $560 million.

Boston 159
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52 Boston Startups Net $1.5 Billion+ In May

PYMNTS

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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Boston Market Deploys AI To Fight Fraud, Improve ROI

PYMNTS

Card network Mastercard and California-based AI and speech recognition company SoundHound have partnered to establish a voice-based, drive-thru solution for quick-service restaurants (QSRs). Boston Market On The Fraud-Fighting, Customer Service-Enhancing Power Of AI.

Boston 186
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Boston Startup Nift Raises $16.5M for Business Gift Cards

Bank Innovation

Boston-based startup Nift has raised $16.5 The company, which announced its funding round last week, allows its business clients to provide their customers with a “special” […].

Boston 249
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MineralTree Raises $50M, Buys Two Companies

PYMNTS

the Massachusetts-based accounts payable (AP) automation software provider, announced a $50 million Series D investment round and the purchase of two companies Thursday (Sept. 406 Ventures, the Boston venture capital fund. By automating AP, businesses can save as much as 80 percent on associated costs, the company promised.

Company 169
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Bain Capital Nets $800M For Business Impact Funding

PYMNTS

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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Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

The San Mateo, California-based company said the cash will be used to introduce an at-home lab testing platform. Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC.,

Company 184