Issue link: https://nebusinessmedia.uberflip.com/i/1540412
18 Worcester Business Journal | October 20, 2025 | wbjournal.com F O C U S BANKING & FINANCE 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 Feb. 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 healthcare $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 Oct. 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 Feb. 2025 Catalyst4 Todd Dickinson CEO 6 ShopMy Holden shopmy.us Advertising & marketing Platform for collaboration and brand promotion $77,500,000 Series B Jan. 2025 Bain Capital Ventures, Bessemer Venture Partners Harry Rein founder & CEO 7 Reprieve Cardiovascular Milford reprievecardio.com Biotechnology Medical devices $61,000,000 Series B Aug. 2025 Deerfield Management, Sante Ventures, Rex Health Ventures, Lightstone Ventures, Genesis Capital, Cadence Healthcare Ventures, Arboretum Ventures Jim Dillon founder 8 Mercy BioAnalytics Natick mercybio.com Biotechnology Cancer detection $59,000,000 Series B Sept. 2025 Novalis LifeSciences, Sozo Ventures, iSelect Fund, Portfolia, Perceptive Xontogeny Fund, Mindshift Capital, LabCorp, Hologic, Bruker Paul Blavin co-founder & CEO 9 Kopin Corp. Westborough kopin.com Manufacturing Voice-activated headsets, ultra-small liquid crystal displays, heterojunction bipolar transistors $41,000,000 Post-IPO equity Sept. 2025 Ondas Networks, Theon International, Unusual Machines Michael Murray president & CEO 10 Pillar Biosciences Natick pillarbiosci.com Biotechnology Sequencing technology platform $34,500,000 Venture - series unknown May 2025 Soleus Capital, Illumina Gang Song founder & CEO 11 Reprieve Cardiovascular Milford reprievecardio.com Biotechnology Medical devices $30,852,111 Venture - series unknown June 2025 Undisclosed Jim Dillon founder 12 Leal Therapeutics Worcester lealtx.com Life sciences Novel therapies $30,000,000 Series A Aug. 2025 Dementia Discovery Fund, OrbiMed, Newpath Management, Euclidean Capital, Chugai Venture Fund, Alexandria Venture Investments Asa Abeliovich founder & CEO 13 Dual Bird Westborough dualbird.io Information technology AI infrastructure $16,462,970 Venture - series unknown Aug. 2025 Undisclosed Amir Gilad co-founder & CEO 14 Ozlo Sleep Northborough ozlosleep.com Consumer electronics Sleep and audio technology $12,000,000 Venture - series unknown Oct. 2024 LifeArc Ventures, WISE Ventures, Wheelhouse 360 Partners, Scrum Ventures, Niremia Collective N.B. Patil CEO 15 ANNA Sudbury annaautismcare.com Health care Naturalistic ABA services for autistic children $9,258,496 Venture - series unknown Oct. 2024 Undisclosed Aimun Malik CEO 16 Phio Pharmaceuticals Marlborough phiopharma.com Life sciences RNAi therapies in immuno- oncology $9,150,000 Post-IPO equity Jan. 2025 Undisclosed Robert Bitterman president & CEO 17 AiM Medical Robotics Worcester aimmedicalrobotics.com Biotechnology Robotics system for neurosurgical procedures $8,100,000 Series A Sept. 2025 1540 Ventures, IQ Capital, Worcester Polytechnic Institute, SWAN Impact Network, Sontag Innovation Fund, New York Angels, Keiretsu Forum, Cancer Research Horizons Gregory Fischer president & CEO 18 Edacious Marlborough edacious.com AgTech Food verification system $8,100,000 Seed Feb. 2025 Tin Shed Ventures, Trailhead Capital, The Nest Family Office, The First Thirty, Pelican Ag Eric Smith founder & CEO Source: Crunchbase. Notes: Deals completed from Oct. 1, 2024 through Oct. 1, 2025 were considered for this list. N/A=not available. -Compiled by: Stephanie R. Meagher, research@nebusinessmedia.com Let's hit it out of the park together. Real estate loans Business term loans Business lines of credit clintonsavings.com Commerical Construction loans SBA 7A and 504 loans Call our All-Star Lending Team today at 978-365-3450.