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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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Boston Market Deploys AI To Fight Fraud, Improve ROI

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Artificial intelligence (AI) is transforming the food service sector by helping restaurants boost their sales as well as improve and automate systems that were once managed by staff. to provide its dispute management solutions to the latter’s security platform.

Boston 186
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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 managing director was former Massachusetts Gov. billion through Nov. 20 compared with $76.2

Capital 188
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Healthcare Tech Company Truepill Raises $75M To Expand

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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
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Panxora Safeguards ICO Capital For Treasurers

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Reports in Blockchain News this week said Panxora has introduced a treasury management service to help the company and project founders who turn to ICOs to secure the capital they have raised, and mitigate the risk of cryptocurrency volatility. Overall, only 44 percent of ICOs live to see their fifth month.

Capital 108
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Deliveroo Valued At $7 Billion-Plus Ahead Of Potential IPO

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17) in an announcement that it has raised $180 million in new investments, which push its valuation to $7 billion and come in advance of what the company stated is a “potential initial public offering” (IPO). We believe Deliveroo has the potential to become a much bigger company over time.”.

Maryland 181
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Top News In Payments: Brex Unveils Management Account; Saga Teams With Marcus For Savings Accounts

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Today in the payments news roundup, FinTech startup Brex is launching a business cash management account to take the place of traditional business bank accounts. Also, Saga, a financial company geared to individuals over 50, has linked up with Goldman Sachs consumer bank Marcus to offer two new savings accounts.