BOSTON-AREA VC FUNDING HITS 15-YEAR HIGH

  • The third quarter is closed, and more than $1.9 B worth of capital was invested in Boston area companies – the highest in 15 years according to an article in the BBJ and data compiled by PitchBook.
  • The $1.9 B represents more than double the amount funded during the third quarter last year, while the number of deals is relatively close at 105 compared to 110 deals in Q3 2014.
  • Well-known DraftKings, founded in 2012 received $300 M in July and now has over 200 employees in their New York City and 225 Franklin Street locations.
  • After funding rounds completed in Q3, the top five Boston-area firms by valuations include both urban and suburban companies:

Boston Area VC Funding