The leap in the year in Boston begins when two local startups collect $ 520 million in two rounds

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<pre><pre>The leap in the year in Boston begins when two local startups collect $ 520 million in two rounds

Hello and welcome back to our regular morning view of private companies, public markets and the gray areas in between.

At the end of last week, two Boston-based companies made big rounds. They highlighted the size of the two investments – over $ 100 million each – and their rapid succession.

The investment couple raised the question: is the pace at which venture capital is being accelerated accelerating in Boston? Of course, Toast collects $ 400 million and Flywire Collecting $ 120 million in one day is not a trend in and of itself. So we got some current and historical data from Boston to find out what's going on.

Today, let's look at how many rounds of $ 50 million or more and $ 100 million or more were collected in Boston in 2020 compared to the city's full-year 2019 results from each category. We will be able to see if Boston is ahead of last year's pace. This will let us know whether the venture scene in Boston will warm or cool in 2020. (We recall that we wrote about the northeast in December and found that venture activity is intense.)

We'll start with a quick look at the Flywire and Toast rounds and then go into the dates.

Winged bread

Toast, the unicorn for payment processing in restaurants in Boston, raised $ 400 million in new funds last week, adding to its previous sum of just over $ 500 million in known capital. The company, founded in 2011, has now raised $ 902 million, according to Crunchbase.