ezCater nets $150 million, plus more top funding news for Boston-based companies

Boston-based marketplace and restaurants company ezCater has secured $150 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 1 and led by GIC.

According to its Crunchbase profile, "ezCater is a nationwide marketplace for business catering. ezCater’s online ordering, on-time ratings and reviews, and five-star customer service connect businesspeople to reliable catering for any meeting, anywhere in the United States."

The 12-year-old company has raised seven previous funding rounds, including a $100 million Series D round in 2018.

The round brings total funding raised by Boston companies in commerce and shopping over the past month to $550 million. The local commerce and shopping industry has produced 27 funding rounds over the past year, securing a total of $1 billion in venture funding.

In other local funding news, shopping and marketing company Klaviyo announced a $150 million Series B funding round on April 8, financed by Summit Partners.

According to Crunchbase, "Klaviyo is email marketing reinvented for Ecommerce stores on Shopify, Bigcommerce and Magento. From personalized newsletters to automated emails like abandoned carts, order follow-ups and personalized thank you's, Klaviyo makes it easy for stores to setup great email marketing without the need for expensive systems and lots of people. In short: Klaviyo helps stores make their customers happier while also growing sales."

Founded in 2012, the company has raised two previous rounds, including a $7 million Series A round in 2017.

Meanwhile, social media company Jebbit raised $12 million in Series B funding, announced on April 8. The round's investors were led by K1 Investment Management.

From the company's Crunchbase profile, "Jebbit has built the world’s first declared data platform. Our platform enables marketing and sales teams to create beautiful, mobile experiences aimed at capturing the most important consumer data an enterprise needs. Instead of relying on third-party data, which is often highly inaccurate and incomplete, enterprise brands use Jebbit to capture consumer intentions, motivations and preferences."

Jebbit last raised $6.8 million in Series A funding in 2017.

Also of note, environmental consulting company ClimaCell raised $7 million in Series C funding, announced on April 9 and financed by SoftBank.

From Crunchbase, "The ClimaCell engine is built to map all the weather data in the world, and brings critical weather data to its every corner with new hypersensing technologies and microweather forecasting. ClimaCell is the microweather platform for the emerging technology economy, including autonomous vehicles, unmanned aerial vehicles, and on-demand services, all while serving traditional consumers of weather products, like aviation and utilities. We use millions of proprietary sensing points from new sources, plus traditional data sources."

The company previously raised $48 million in Series B funding in 2018.

Rounding out the city's recent top local funding events, risk management company Energetic Insurance, Inc. raised $2.5 million in seed funding, announced on April 8 and led by Congruent Ventures.

From Crunchbase, "Energetic Insurance is a Managing General Underwriter (MGU) with a novel, data-driven approach to develop new risk-management products to unlock exponential growth in the renewable energy industry. For solar-industry participants who want to do more projects and deploy more capital, EneRate Credit Cover unlocks solar-project financing for the unrated and below-investment-grade counterparties by covering payment default risk. EneRate Credit Cover and other insurance policies are issued by RE3 Energetic Insurance Solutions, LLC, a wholly owned subsidiary of Energetic Insurance, Inc."

The company previously raised $265,000 in a grant in 2018.


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