Boston companies are pulling in venture capital
Photo: Nanoramic Laboratories/Glassdoor
Boston-based energy storage company Nanoramic Laboratories has secured $8.5 million in a corporate round, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 23 and led by NGK SPARK PLUG CO.
According to its Crunchbase profile, "Nanoramic specializes in energy storage technology and material solutions based on nano-carbons. Nano-carbons have exceptional electrical, thermal and mechanical properties at the nano-scale level. We synthesize and incorporate nano-carbons in various materials and transfer these properties at the macroscale level."
The 11-year-old company has raised 10 previous funding rounds, including a $5 million Series D round in 2018.
The round brings total funding raised by Boston companies in energy over the past month to $26 million, and an increase of $23 million from the month before. The local energy industry has produced 16 funding rounds over the past year, yielding a total of $100 million in venture funding.
In other local funding news, gaming and video games company Mightier announced a $6.6 million Series A funding round on May 21, led by FoxKiser.
According to Crunchbase, "Mightier helps children build emotional strength. Our program, developed at Harvard Medical School, aims to help children with behavioral and emotional challenges learn how to harness emotions in daily life. For more information, please enter your email address below."
Founded in 2016, the company has raised three previous rounds, including a $2.4 million seed round in 2018.
Meanwhile, fashion company Forsake raised $1.5 million in seed funding, announced on May 24. The round was financed by Western New York Venture Association.
From the company's Crunchbase profile, "Forsake is for those seeking more freedom and fewer ceilings. They design all-weather footwear for travel and adventure. Their goal is to bring higher level of versatility to your feet with products."
Forsake last raised $500,000 in seed funding in 2018.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
