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16 Worcester Business Journal | Book of Lists 2025 | wbjournal.com F O C U S B A N K I N G & F I N A N C E Can we create a CUSTOM magazine for you? Whether it's the celebration of a major anniversary or the opening of a new headquarters, Worcester Business Journal's Custom Publishing Division can help you create a custom magazine for your business. Our division's top flight team of writers and designers can help you tell your story – and make your business look great! Based on our unique publishing model, it's surprisingly affordable. Call WBJ Custom Corporate Project Director Christine Juetten at 508-755-8004 ext. 270. Worcester Business Journal WBJ Custom Publishing Division Notable 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 Solid Biosciences Marlorough solidbio.com Biotechnology Duchenne muscular dystrophy treatments $200,000,000 Post-IPO equity February 2025 Vestal Point Capital, Venrock Healthcare Capital Partners, TCG Crossover, RA Capital Management, Perceptive Advisors Bo Cumbo president & CEO 2 AMSC Ayer amsc.com Energy Technologies for grid & wind segments $115,500,000 Post-IPO equity June 2025 Undisclosed Daniel P. McGahn president, chairman & CEO 3 Persivia Marlborough persivia.com Software AI-driven solutions for hospitals, payers and providers $107,000,000 Private equity April 2025 Aldrich Capital Partners Mansoor Khan CEO 4 Aspen Aerogels Northborough aerogel.com Energy & manufacturing Clean energy & electrification solutions $85,000,000 Post-IPO equity October 2024 Undisclosed Donald R. Young president & CEO 5 Stellaromics Natick stellaromics.com Biotechnology 3D in situ multi-omic analysis technology $80,000,000 Series B February 2025 Catalyst4 Todd Dickinson CEO 6 ShopMy Holden shopmy.us Advertising & marketing Platform for collaboration and brand promotion $77,500,000 Series B January 2025 Bain Capital Ventures, Bessemer Venture Partners Harry Rein founder & CEO 7 Pillar Biosciences Natick pillarbiosci.com Biotechnology Sequencing technology platform $34,500,000 Venture - series unknown May 2025 Soleus Capital, Illumina Gang Song founder & CEO 8 Reprieve Cardiovascular Milford reprievecardio.com Biotechnology Medical devices $30,852,111 Venture - series unknown June 2025 Undisclosed Jim Dillon founder Source: Crunchbase. Notes: Deals completed from Oct. 1, 2024 through July 1, 2025 were considered for this list. N/A=not available. -Compiled by: Stephanie R. Meagher, research@nebusinessmedia.com Ayer-based AMSC has acquired NWL, a New Jersey-based energy equipment manufacturer, in a deal worth $61.4 million. The deal seeks to bolster AMSC's growing presence in the defense sector, according to a press release issued Aug. 5. AMSC paid $25 million in cash and ap - proximately $31.4 million in stocks upon closing; the company will make an additional cash payment of $5 million. Originally based in Devens, AMSC sold its former headquarters in 2018 after the company suffered an economic downturn due in part to the theft of trade secrets by a Chinese company. - Story by Eric Casey AMSC buys NJ firm for $61M AMSC President & CEO Daniel McGahn