Boston-based furniture company Ori has secured $20 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced September 5 and led by Sidewalk Labs.
According to its Crunchbase profile, "Ori is a lifestyle brand and product company that specializes in robotic furniture design. It is driven by a mission to change the way we see, create and utilize urban space by combining robotics, design and services. Its robotic interior solutions lead to the transformation of space, allowing people to live large in a small footprint, resulting in more affordable rents for dwellers and more revenue per square foot for real estate developers and investors."
The five-year-old startup has raised four previous funding rounds, including a $6 million Series A round in 2017.
Over the past year, five Boston-based consumer goods companies have secured venture funding, totaling $21 million in new investment to the local industry.
In other local funding news, pharmaceutical company CONTINUUS Pharmaceuticals announced a $5 million Series B funding round on September 5, financed by Mark Bamfoth.
According to Crunchbase, "CONTINUUS Pharmaceuticals works with pharmaceutical and generic companies under a Build-Own-Operate model. We design, build, and run the manufacturing process directly at the client site. This novel business model provides our clients with an exceptional, ”one-shop solution” for their entire development and manufacturing cycle."
Founded in 2012, the company has raised three previous rounds, including a $2.4 million Series A round in 2014.
Meanwhile, edtech and higher education company Mentor Collective raised $3 million in funding, announced on September 5. The round's investors were led by LuminaFoundation.
From the company's Crunchbase profile, "Our mission to provide all students with a transformative mentoring experience by establishing a collective of institutions committed to equity, community and mentorship. We work with over 50 institutions, including Indiana University, Tufts University, Penn State University and Northeastern University.
Mentor Collective last raised $621,074 in funding in 2018.
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