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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. LaunchPad Medical of Lowell received a $2.5

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Boston Telemedicine Company Amwell Prices IPO

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Amwell , the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. The Motley Fool reported privately-held Amwell, a subsidiary of Aligned Telehealth Inc., The proceeds would raise between $490 million and $560 million.

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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.

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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.

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

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Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. A convenient, yet secure solution could be just a few taps away, however.

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Lyft Gets Hit With Class Action Lawsuit By Investors

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According to a report in CNBC , citing the lawsuit, investors contend Lyft misled them in its initial public offering (IPO) with the Securities and Exchange Commission. The the class action lawsuit, filed Friday (May 17) by Boston-based law firm Block & Leviton in U.S.

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US B2B Startups Dominate $337 Million Worth Of Funding

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Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. Kenna Security. Chertoff Capital made a “significant” equity investment in the round, the company said.

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