Boston-based cannabis company Ascend Wellness has secured $55 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced February 20 and led by JM10 Partners.
According to its Crunchbase profile, "Ascend Group Partners is a vertically integrated cannabis cultivator, processor, and dispensary operator focused on the Massachusetts, Illinois, and Michigan markets. We seek to foster a robust and inclusive cannabis industry through a premium, unmatched customer-focused retail experience."
The one-year-old startup also raised a $40 million round in 2018.
The round brings total funding raised by Boston companies in health care over the past month to $63 million. The local health care industry has seen 96 funding rounds over the past year, yielding a total of $1.7 billion in venture funding.
In other local funding news, greentech company Bevi announced a $35 million Series C funding round on January 23, led by Bessemer Venture Partners.
According to Crunchbase, "Bevi aims to eliminate waste from the production, shipping, and disposing of bottled beverages. We envision a future where a smarter platform (powered by the municipal water supply) transforms how beverages are delivered. It is an ambitious goal, but we are on it!"
Founded in 2013, the company has raised six previous rounds, including a $16 million Series B round in 2017.
Meanwhile, file sharing company Nasuni raised $25 million in funding, announced on February 19. The round's investors were led by Telstra Ventures.
From the company's Crunchbase profile, "Nasuni enables organizations to store, protect, synchronize and collaborate on files across all locations at scale. Nasuni Cloud File Services™, powered by the Nasuni UniFS® global file system, leverages cloud storage to modernize primary NAS and file server storage; archiving; backup; and disaster recovery, while offering transformational new capabilities for multi-site file sharing. By combining the low cost, unlimited capacity, and durability of object storage from leading cloud vendors such as Amazon, Azure, Dell EMC, and IBM, with the high performance, security, and broad application compatibility of traditional file storage, the Nasuni subscription service improves workforce productivity, simplifies IT operations, and reduces IT costs."
Nasuni last raised $38 million in funding in 2017.
Also of note, virtual assistant and home health care company Pillo Health raised $6 million in Series A funding, announced on January 25 and led by Stanley Black & Decker.
From Crunchbase, "Pillo Health provides HIPAA compliant tools for caregivers and health organizations to deliver better care to loved ones and patients living at home. The company's care delivery platform is centered on an intelligent healthcare assistant called Pillo. In addition to managing medications, Pillo can provide patients at home with health and wellness information, can proactively deliver digital care plans into the home, and can connect the home to care teams via smart notifications and video calling."
The company previously raised $1.5 million in seed funding in 2017.
Rounding out the city's recent top local funding events, market intelligen company Crayon raised $6 million in a Series A round, announced on February 6 and financed by Bedrock Capital.
From Crunchbase, "Crayon is a market intelligence company that helps businesses track, analyze, and act on everything happening outside their four walls. Tens of thousands of teams use Crayon’s software to capture and analyze complete market intelligence, pulling from more than 7 million sources and using artificial intelligence to surface and prioritize insights. We believe millions of businesses have yet to take advantage of the intelligence data available today to drive actionable insights and opportunities."
The company previously raised $5 million in funding in 2018.
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