Boston always prides itself on being #1 in everything, but in the most rapid growth in startup funding, Somerville is #1—not just in Massachusetts, but all of America.
According to York IE, Somerville startups raised the most venture capital funding during Q4 of 2022.
The Q4 Funding Surge
Four Somerville-based startups raised a combined $638,400,000 in the last quarter of 2022 alone:
-
Form Energy
-
Cellarity
-
LineVision
-
Owl Labs
You can read more about it here in Bostinno.