Mass. gets a venture capital surge in Q2

Acquia chief executive Tom Erickson (in the foreground)
Acquia chief executive Tom Erickson (in the foreground)

Venture capital investment into Massachusetts companies crossed $1 billion during the second quarter, for the best quarterly fundraising in the state in three years, according to CB Insights.

The $1.03 billion quarter was the product of both a large number of deals overall — 100 deals during the quarter, the most in at least four years — as well as a string of sizable rounds. Major deals during the quarter included SimpliSafe ($57 million), Acquia ($50 million), Proteon Therapeutics ($45 million), and SilverRail Technologies ($40 million).

At the earlier stage, notable local deals during the quarter included Grove Labs, Zaius, and Seres Health.

The last time Massachusetts companies raised more funding during a single quarter was the second quarter of 2011, when the haul reached $1.14 billion, according to CB Insights data. The CB Insights records show that Massachusetts hasn’t had 100 deals in a quarter since at least 2010 (though the state came close during the fourth quarter of 2012, with 98 deals).

For more on the state’s largest funding deals from the second quarter, check out the top deals from April, May, and June.

Also here is a gallery of the largest Boston tech fundings of 2014 so far:

Kyle Alspach has worked in journalism in Massachusetts since 2005 and was one of the original staff writers at BetaBoston.
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