Issue link: https://nebusinessmedia.uberflip.com/i/1503374
wbjournal.com | Book of Lists 2023 | Worcester Business Journal 17 F O C U S B A N K I N G & F I N A N C E F O C U S Venture capital deals Ranked by funding amount, then transaction date Company Industry/ products and services Funding amount/ type/ transaction date Select investors Head of company 1 Little Leaf Farms Devens littleleaffarms.com Agriculture Farming, salad greens $300,000,000 Series B June 2022 The Rise Fund Paul Sellew founder & CEO 2 Aspen Aerogels Northborough aerogel.com Energy Performance and safety of electric vehicles $240,000,000 Post-IPO equity Nov. 2022 N/A Donald Young president & CEO 3 Ascend Elements Westborough ascendelements.com Manufacturing Sustainable materials for batteries $200,000,000 Series C Oct. 2022 TRUMPF Ventures, Fifth Wall, TDK Ventures, SK ecoplant, Orbia Ventures, Mirae Asset Capital Mike O'Kronley CEO 4 Electric Hydrogen Natick eh2.com Energy Clean hydrogen $198,000,000 Series B June 2022 Trinity Capital, Silicon Valley Bank, S2G Ventures, Rio Tinto, Fifth Wall, Prelude Ventures Raffi Garabedian co-founder & CEO 5 Solid Biosciences Marlborough solidbio.com Biotechnology Duchenne muscular dystrophy treatments $75,000,000 Post-IPO equity Sept. 2022 Bain Capital Life Sciences, Perceptive Advisors, RA Capital Management, Laurion Capital Management, Pura Vida Investments, Invus, CaaS Capital Management Ilan Ganot co-founder, president & CEO 6 Allorion Therapeutics Natick alloriontx.com Biotechnology N/A $50,000,000 Series B March 2023 TF Capital, Qiming Venture Partners, Octagon Capital, LongRiver Investments, INCE Capital Qiang Ding founder & CEO 7 Akoya Biosciences Marlborough akoyabio.com Biotechnology Spatial biology solutions $43,500,000 Post-IPO equity June 2023 N/A Brian McKelligon CEO 8 Mercy BioAnalytics Natick mercybio.com Biotechnology Cancer detection $41,000,000 Series A April 2023 Novalis LifeSciences, Sozo Ventures, iSelect Fund Paul Blavin co-founder & CEO 9 PIC Therapeutics Natick pictherapeutics.com Biotechnology Cancer treatments $35,000,000 Series A Oct. 2022 OrbiMed Advisors, Advent Life Sciences, Belinda Termeer, Lumira Ventures, Harrington Discovery Institute Katherine Bowdish CEO 10 Naveris Natick naveris.com Biotechnology Cancer detection $33,000,000 Series A Sept. 2022 Gurnet Point Capital, TechU Ventures, BrightEdge Piyush Gupta founder & CEO 11 Impact Nano Devens impact-nano.com Manufacturing Fingerprint chemicals $32,000,000 Venture - series unknown May 2023 Intel Capital, Goldman Sachs Asset Management Matthew Stephens CEO 12 Uwill Natick uwill.com Health care Online therapy platform $30,000,000 Series A May 2023 N/A Michael London founder & CEO 13 CardioFocus Marlborough cardiofocus.com Biotechnology HeartLight X3 laser ablation system $27,155,857 Venture - series unknown Feb. 2023 Kennedy Lewis Investment Management Burke Barrett CEO 14 Boston Microfabrication Maynard bmf3d.com Manufacturing 3D printing $22,240,000 (1) Series D June 2023 Guotai Junan Innovation Investment, Chongqing Chengxing Equity Investment, Chuanghe Xincai Manfufacturing Sector Transformation & Upgrading Fund, Guokai National Manufacturing Transformation Xiaoning Fe co-founder & CEO 15 Connectbase Milford connectbase.com Cloud computing Sales platform $21,000,000 Series C Sept. 2022 DigitalBridge Ventures, Ascent Venture Partners, Harbert Growth Partners, Osage Venture Partners, Nauta Capital Ben Edmond founder & CEO 16 D2M Biotherapeutics Natick N/A Biotechnology Genetics-driven target identification platform $20,000,000 Series A Dec. 2022 Lapam Capital, Delian Capital Dong Zhang co-founder 17 Empassion Health Natick empassion.com Health care Elder care $19,999,986 Venture - series unknown March 2023 N/A Robin Heffernan co-founder & CEO 18 Trillo Framingham trillo.io Cloud computing Data protection solutions $17,000,000 Series B Dec. 2022 Raiven Capital, .406 Ventures David Safaii CEO 19 Upstart Power Southborough upstartpower.com Manufacturing Advanced fuel cells $17,000,000 Series C Nov. 2022 ITOCHU Corp., H+ Partners, Cricetus Felix Ventures, Rodgers Capital, Sunnova, Enphase Energy Paul Osenar president & CEO 20 eXIthera Pharmaceuticals Westborough exithera.com Biotechnology Prevention of thrombosis $17,000,000 Series B July 2022 N/A Neil Hayward president & CEO 21 Reprieve Cardiovascular Milford reprievecardio.com Biotechnology Medical devices $15,000,000 Venture - series unknown June 2022 Lightstone Ventures Jim Dillon founder 22 OptoGlo Leominster optoglo.com Nanotechnology Solar-powered signs $10,265,963 Venture - series unknown Jan. 2023 N/A Kevin Donahue founder & CEO 23 Meadowhawk Biolabs Marlborough meadowhawkbiolabs.com Biotechnology Contract research for drug discovery $9,250,000 Venture - series unknown March 2023 N/A Jim Jersey co-founder, president & CEO 24 Salesroom Natick salesroom.com Software Video conferencing platform $8,500,000 Seed June 2022 WndrCo, Seedcamp, Village Global Roy Solomon co-founder & CEO 25 Raven360 Framingham raven360.com Software Learning delivery platform $8,000,000 Series B Aug. 2022 Allos Ventures, Technology Venture Partners, Nauta Capital, LaunchPad Venture, NXT Ventures, DataPoint Ventures Joe Moriarty co-founder & CEO Source: Crunchbase and CB Insights. Notes: Deals completed from June 1, 2022 through June 20, 2023 were considered for this list. N/A=not available. (1) Approximation; investment was 160 million Chinese Renminbi. -Compiled by: Stephanie R. Meagher, research@nebusinessmedia.com