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Boston funding news: Biotechnology and healthcare top recent local investments

Boston-based pharmaceutical company AZTherapies, Inc. has secured $26 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 18 and led by Cosine.

According to its Crunchbase profile, "AZTherapies is an advanced clinical-stage biopharmaceutical company developing novel therapies that aim to fundamentally change neurodegenerative disease progression, extending normal cognition and function and improving quality of life in the aging population."

The nine-year-old company has raised four previous funding rounds, including a $6.5 million convertible note round in 2017.

The round brings total funding raised by Boston companies in biotechnology over the past 90 days to $414 million, an increase of $308 million from the previous three-month period. The local biotechnology industry has seen 38 funding rounds over the past year, raking in a total of $1.3 billion in venture funding.

In other local funding news, blockchain company Oneiro announced a $5 million Series A funding round on Oct. 2, financed by COSIMO Ventures.

According to Crunchbase, "Oneiro is focused on developing technologies around decentralized, secure and dependable cryptocurrency. Blockchain technology has enabled the use and management of digital currencies worldwide, and Oneiro is positioning its technology to be an integral part of the market’s future."

The company also raised a $3 million seed round in 2018.

Meanwhile, video games company Mightier raised $250,000 in corporate round funding, announced on Sept. 24. The round was financed by Modern Times Group (MTG).

From the company's Crunchbase profile, "Mightier helps children build emotional strength. Our program, developed at Harvard Medical School, aims to help children with behavioral and emotional challenges learn how to harness emotions in daily life."

Mightier last raised $6.6 million in Series A funding earlier this year.

Also of note, database and cloud storage company Wasabi Technologies raised funding, announced on Sept. 29 and financed by NTT DOCOMO Ventures.

From Crunchbase, "Wasabi is the hot cloud storage company. Hot storage is fast to write, low-cost and reliable cloud storage."

The company previously raised Series B funding in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.