VC funding update: Boston startups and tech firms raised just under $1.1B in December

By Rowan Walrath

Boston-area startups, tech companies and related firms pulled in just shy of $1.1B to close out 2020, led by biotech with software coming in close behind.

Biotech startups collectively raised $501.9M in December, about half of all funds raised among Greater Boston firms that month. The largest of those raises was a $150M round in Scorpion Therapeutics, the newly launched precision medicine startup. Software startups, for their part, brought in a grand total of $303.4M.

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