Top Startups / July 19, 2021
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

Top Boston Startups to Watch in 2021

The Boston startup ecosystem is one of the most active and thriving in the world, which also means that there are a lot of top startups in Boston. The total early-stage startup funding in the ecosystem dwarves the global average of $431 Million with a total of $3.9 Billion. The ecosystem is also worth almost ten times that of the average global ecosystem. This is influenced by the availability of startup funding and the quality of entrepreneurs that the ecosystem is able to attract.

It should also be noted that the actual funding amounts which are seen by Boston startups are much bigger than the global average, which is another contributor to their success. Local government policy, as well as national government policy for businesses, makes operations a lot easier in Boston.

1. Own Up

Year Founded: 2016

HQ: Boston, Mass

Size: 51-100

Founder(s): Brent Shields, Mike Tassone, Patrick Boyaggi

Own Up is a Boston startup that was founded in 2016 and is currently still based in the city. The company works in the Fintech sector and has created a software solution that allows its users to finance their homes by taking away the middleman and giving them a solution to compare the offerings and prices of various lenders. This ensures that their users are making the right decisions.

In its five years of operation, the company has managed to attract a significant amount of funding from investors. Speficially, the company has managed to raise a total of $24.2 Million in startup funding. This funding was achieved as a result of the company striking deals with 12 investors.

2. Flare

Year Founded: 2017

HQ: Boston, Mass

Size: 1-10

Founder(s): Quinn Fitzgerald, Sara de Zarraga

Flare is a Boston startup that was founded four years ago and is still based in the East-Coast city. The company combines its software solution with wearable technology to make sure that people always feel safe when they're out. The device comes with the capability to text a friend when you feel threatened, simulate a call to someone else to deter attackers, or to ring 911 directly.

The company's mission to make people safer has endeared it to investors. In total, six inventors have decided to back their project with their money and this has led to the company managing to raise $3 Million to improve their app and technology.

3. Drift

Year Founded: 2015

HQ: Boston, Mass

Size: 251-500

Founder(s): David Cancel, Elias Torres

Drift is a Boston startup that was founded in 2015 and has managed to rapidly grow since that time. The company offers applications and software solutions to grow customer numbers and retain customers through conversational marketing and sales tactics. This creates a situation where customers can have a conversation with a business at a time that is beneficial to them, which increases satisfaction.

The company has managed to achieve a significant amount of startup funding since it was founded. In total, the startup managed to raise a figure of $107 Million. This funding was brought to the table by a group of twelve investors. The company has also acquired three other businesses in its six years of trading.

4. Transmit Security

Year Founded: 2014

HQ: Boston, Mass

Size: 251-500

Founder(s): Mickey Boodaei, Rakesh K. Loonkar

Transmit Security is one of the most exciting cybersecurity startups in Boston. The company offers a risk management platform and also attempts to make identity solutions that rely on things like biometrics instead of passwords. Both for individuals and the general working public in organizations.

The company has seen heavy investment in the seven years that it has been trading. In total, the company has received a figure of $583 Million in startup funding. This funding was achieved through deals with a total of nine investors.

5. Corvus Insurance

Year Founded: 2017

HQ: Boston, Mass

Size: 101-250

Founder(s): James McElhiney, Mike Lloyd, Philip Edmundson

Corvus Insurance is a Boston-based InsurTech startup that was founded four years ago and has grown quickly since then. The company harnesses the power of artificial intelligence to provide solutions that allow the providers of insurance and the holders of the policy to identify and mitigate risk potential.

The company has attracted an impressive amount of funding since it was founded in 2017, with the company managing to amass a total of $160.8 Million over the years. They achieved this investment by striking deals with nine investors.

6. Wasabi Technologies 

Year Founded: 2015

HQ: Boston, Mass

Size: 101-250

Founder(s): David Friend, Jeff Flowers

Wasabi Technologies is a Boston startup that was founded in 2015 and has been based in the city since then. The company's core offering is centered around the provision of hot cloud storage solutions for businesses. This means that businesses can use cloud technology and storage, without breaking the bank and compromising on security.

The company has attracted a large amount of investment since it was founded six years ago. They have managed to come to an agreement with a total of 21 investors and this has allowed the business to gain a total of $286.2 Million in startup funding.

7. Fairmarkit

Year Founded: 2017

HQ: Boston, Mass

Size: 51-100

Founder(s): Kevin Frechette, Tarek Alaruri, Victor Kushch

Fairmarkit is a Boston-based startup that was founded four years ago by a trio of founders. The company provides a SaaS offering that allows businesses to take more control of the procurement process. This is achieved by pulling data together in a sourcing platform that also allows businesses to make their sourcing decisions much more efficiently than they would do under normal circumstances.

Despite the relative youth of the company, it has managed to attract a significant amount of startup funding since 2017. In total, the business has managed to attract investment worth $41.9 Million. This funding was achieved through a group of seven investors.

8. Lendbuzz

Year Founded: 2015

HQ: Boston, Mass

Size: 101-250

Founder(s): Amitay Kalmar, Dan Raviv

Lendbuzz is a Boston startup that was founded in 2015 and is currently still based in the city. The company operates in the Fintech market and helps customers with either poor or thin credit histories with finding credit for a new car. This helps to get thousands of Americans on the road so that they can unlock their lives.

The company has received a massive amount of funding to further its credit platform. A total of thirteen investors have been convinced to part with their money and this has resulted in the business raising a total of $696.2 Million in six years.

9. HqO

Year Founded: 2018

HQ: Boston, Mass

Size: 101-250

Founder(s): Chase Garbarino, Greg Gomer, Jared Stenquist, Kevin Mccarthy

HqO is one of the most innovative startups in Boston, especially for the real estate sector. Since being founded three years ago, the company has gone on to create a platform that measures and improves tenant experience for the world of commercial property. This helps landlords to improve their earning potential and their tenant retention.

The company has managed to attract a large amount of investment despite only being three years old. In total, the company has managed to amass a figure of $106.9 Million in investment. This figure was achieved through the combined efforts of a group of 23 investors.

10. Ascend Wellness

Year Founded: 2018

HQ: Boston, Mass

Size: 1001-5000

Founder(s): Abner Kurtin

Ascend Wellness is a three-year-old Boston startup that operates in the agricultural industry, specifically the cannabis industry. The company operates a production facility which is then used to create a number of high-quality cannabis products to serve the emerging legal market for cannabis in the United States.

Like many businesses in this growing industry, Ascend Wellness has managed to gain a massive amount of funding in its short trading life. The company has received funding worth $191.4 Million from a group of five investors and has even taken over another company to help to create a stronger business.

11. 1upHealth 

Year Founded: 2017

HQ: Boston, Mass

Size: 1-10

Founder(s): Gajen Sunthara

1upHealth is a startup that was founded in 2017 and is currently based in the city of Boston. The company makes its money by building a range of medical products to provide to the market. This is achieved through the company's use of patient data to create solutions that are of a higher quality and are also more cost-effective for everyone involved.

In the four years since being founded, the company has managed to attract an impressive amount of startup funding. In total, a group of six investors have decided to use their money to back the project and this has led to the company achieving $35.5 Million in startup funding.

12. WHOOP

Year Founded: 2012

HQ: Boston, Mass

Size: 251-500

Founder(s): Aurelian Nicolae, John Capodilupo, Will Ahmed

WHOOP is a sport and fitness startup that was founded nine years ago and is currently based in the city of Boston. The company provides wearable fitness products that allow the user to track their training, the recovery process, sleep, and more. This allows high-level athletes and teams to get the best out of themselves, making them much more competitive.

The company has received heavy investment since being founded in 2012, with a total of $204.8 Million being given to the fitness startup. This funding was achieved through a massive group of 33 investors, which has set the company on the right path for future success.

13. Mainstay

Year Founded: 2014

HQ: Boston, Mass

Size: 51-100

Founder(s): Andrew Magliozzi, Kirk Daulerio

Mainstay is a Boston startup that was founded in 2014 and has been developing advanced chatbot solutions to enter the educational market. The rationale is that these chatbots can be deployed by educational providers in an effort to increase the rates of enrolment, engagement, and success for students.

The company has seen a significant amount of investors that have been eager to get involved in the project. In total, the company has agreed to deals with a group of 33 investors. The total of these investments has reached a figure of $30.2 Million.

14. Piaggio Fast Forward

Year Founded: 2015

HQ: Boston, Mass

Size: 51-100

Founder(s): Greg Lynn, Jeffrey Schnapp, Michele Colaninno

Piaggio Fast Forward is a startup that was founded in 2015 and is currently based in the city of Boston. The company has been given a mission to redefine smart mobility in a world where cities are getting bigger, more cramped and ultimately, more difficult to navigate.

The company has not received any outside investment, but with the power of the brand and the importance of creating smarter solutions for urban navigation, this startup has a well-deserved spot on this list.

15. Mightier

Year Founded: 2016

HQ: Boston, Mass

Size: 11-50

Founder(s): Craig Lund, Jason Kahn, Trevor Stricker

Mightier is a gaming and healthcare startup that was founded in 2016 and is currently based in Boston. The company has created a series of games that help children to confront emotionally challenging situations in a positive way. These games have been tested for their effectiveness by the Harvard University Medical School, which shows the positive power of their offering.

The company has raised a respectable amount of money to further the development and reach of these games. In total, a group of ten investors have put their money behind the project and this has resulted in the company making a total of $10.3 Million since being founded five years ago.

16. Quaise

Year Founded: 2018

HQ: Cambridge, Mass

Size: 1-10

Founder(s): Aaron Mandell, Carlos Araque, Matthew Houde, Paul Woskov

Quaise is a startup that was founded three years ago and is currently based in the Boston area, in Cambridge, Mass. The company has developed advanced technology for drilling operations using millimeter wave technology, which allows humanity to harness the power of geothermal energy more easily and safely.

The company has managed to capture startup funding to further their research and development. In total, the company has captured investment from a group of four investors that have collectively pooled $6 Million to fund the business.

17. Day Zero Diagnostics

Year Founded: 2016

HQ: Boston, Mass

Size: 11-50

Founder(s): Doug Kwon, Dougal Maclaurin, Jong Lee, Melis Anahtar, Miriam Huntley

Day Zero Diagnostics is a biotechnology and healthcare startup that was founded in 2016 and is currently based in Boston. The company is attempting to revolutionize the technology used in diagnosing new strains of infectious diseases, or new diseases entirely, in an effort to make sure that these diseases are rapidly identified and contained, especially if they have the potential to cause harm.

The company has made a large amount of money from outside funding to further their research and development. The total investment was achieved through striking deals with a group of six investors. This has led to the company making a collective total of $17.8 Million.

18. CauseEDU

Year Founded: 2017

HQ: Boston, Mass

Size: 1-10

Founder(s): Broderick Ellison, Garry C. Miller Jr., Shironda A. White

CauseEDU is an EdTech startup that was founded four years ago and is currently based in the city of Boston. The company provides a platform that allows prospective students to fundraise for their college expenses and a financial literacy platform that teaches these students to handle their money in an effective manner.

The company has managed to attract investment to further its growth and development, with a total of $42,000 being raised from a duo of investors.

19. Particles for Humanity

Year Founded: 2012

HQ: Boston, Mass

Size: 1-10

Founder(s): Sherri Oberg

Particles for Humanity is a Boston-based healthcare technology startup that was founded in 2012. The company takes early stage medical technology and turns it into medical products for individuals in low-income areas. This helps to increase access to medical assistance in these areas, which increases the overall quality of life in said areas.

The company has managed to attract investment from a single source since being founded nine years ago. This investment came to a total of $10.2 Million to further the company's growth and mission.

20 Cobu

Year Founded: 2016

HQ: Boston, Mass

Size: 11-50

Founder(s): Ben Pleat, Steve Mclaughlin

Cobu is a real estate technology startup that was founded five years ago and is currently based in Boston. The company provides a platform that enhances the living experience of tenants through providing in-person events in apartment buildings, digital engagement through their app and advanced data metrics to ensure that landlords can keep their tenants happy, which increases their retention rate.

The company has raised an undisclosed amount of funding through four different funding rounds and has managed to convince a total of nine investors to put money into their project. The last funding round was achieved in August, 2020.

21. Cybereason

Year Founded: 2012

HQ: Boston, Mass

Size: 501-1000

Founder(s): Lior Div, Yonatan Amit, Yossi Naar

Cybereason is one of the biggest and most exciting startups in Boston, which was founded in 2012 and is still currently headquartered in the city. The company provides a cybersecurity offering that offers endpoint detection and responses. This means that businesses using their services would be able to quickly identify and respond to cyberattacks at a level that wouldn't be possible without the use of such a platform.

Since being founded nine years ago, the company has managed to attract a significant amount of investment. In total, the company has amassed a startup funding amount of $663.6 Million, which was achieved from a total of nine investors, with the most recent funding round taking place last month.

Top Boston Startups to Watch...
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

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