Bay State Startup Investing Rises to $199M in October; Industrial and Energy Sectors Help Plump Up the Total
Summary
Bay State Startup Investing Rises to $199M in October; Industrial and Energy Sectors Help Plump Up the Total Xconomy Boston — The harvest came in during October, at least in terms of startup deals in Massachusetts.Bay State tech and life sciences companies brought in $199.1 million across 30 equity-based deals, an increase of more than one-third over the September total of $146.8 million, according to data from private company intelligence platform CB Insights.The biggest October deal was $28 million in Series A money for Cambridge, MA-based NinePoint Medical, a firm developing optical devices that are supposed to allow doctors to inspect potentially cancerous cells inside the body during procedures such as biopsies.Waltham, MA-based Care.com, a website for rating professionals such as babysitters, tutors, and senior care providers, helped the Internet sector soar last month, with a $20 million Series C round.New Enterprise Associates led the deal, which was joined by Matrix Partners and Trinity Ventures.
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