Massachusetts startups raised $17.4 billion in venture capital in the first six months of 2021, exceeding the total amount brought in last year and breaking all-time annual records, according to a report from PitchBook-NVCA Venture Monitor.
The flood of money backing private companies spanned biotechs such as Adagio Therapeutics and Affinivax, cybersecurity firms like Snyk and Aura, and e-commerce players Thrasio and Perch. The $775 million raised by Perch, which owns dozens of small outfits that sell goods online on Amazon, was the largest deal in Massachusetts so far this year.
Image: Flywire chief executive Mike Massaro. The Boston company had an IPO in May after raising hundreds of millions in venture capital over a decade.COURTESY OF NASDAQ
