Massachusetts Startup Funding Shrinks to $130.9 M
Summary
February Freeze: Massachusetts Startup Funding Shrinks to $130.9 M Xconomy Boston — How far the mighty fall.Investments in Massachusetts startups soared to $242.5 million in January, but last month tech and life sciences companies raised just over half that, $130.9 million, in 24 equity-based deals, according to data provided by CB Insights’ FundingFlash, a daily roundup of companies receiving venture capital, angel investment, and growth equity funding.The sector nabbed $73.6 million across seven deals in February, and accounted for the three largest financings of the month.CardioFocus, a Marlborough, MA-based medical devices firm, nabbed the top deal at $30.6 million.If there was a bright spot last month, it was for non-Internet software startups, whose technology focuses on things like virtualization, data storage, and design of electronic components.
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