Boston's tech scene is the silent powerhouse

Securing $761.8 million in VC dollars September '24

Author

Michael Morgenstern
October 08, 2024

Happy Tuesday Brex community,

Boston's tech scene is the silent powerhouse reshaping industries while the spotlight shines elsewhere. In September alone, startups and ventures firms here secured a staggering $761.8 million, with biotech ventures leading the charge. We're witnessing a surge in companies scaling across life sciences, insurtech, fintech, enterprise AI, and hardware—real innovation that's quietly redefining markets.

As talent spins out of stalwarts like Klaviyo and HubSpot to launch new ventures, it begs the question: How should Boston position itself on the global stage? Consistently ranking in the top three for venture deal volume, yet the noise doesn't match the momentum. Perhaps it's time we turn up the volume.

At Brex, we're doubling down in Boston this Q4. If you've got bold ideas to elevate our ecosystem to the next level, we're all ears. Let's shape the future of innovation together.

And as always, go Celtics!

Growing together, Michael Morgenstern

SF Tech Week

  • Brex Pop Up - 10/8
    Designed as a pop-up to help you quickly refuel, recharge, and/or relax as you speed from event to event during SF Tech Week.

    Apply Here Brex Host: Michael Morgenstern

  • Brex Social Club w/ Empire - 10/8

    Designed as a networking happy hour, pop up performance, and DJ set for founders and investors

    Apply Here Brex Host: Jonathan Chang

  • Brex Supper Club - 10/9

    Designed as a private conversational dinner for Bay Area founders and investors building in deep tech

    Apply Here Brex Host: Michael Morgenstern

  • Brex Pop Up - 10/9
    Designed as a pop-up to help you quickly refuel, recharge, and/or relax as you speed from event to event during SF Tech Week.

    Apply Here Brex Host: Jonathan Chang

  • Brex Flex Club w/ Alpha Partners 10/9
    Designed as pick up basketball tournament with general partners and founders
    Apply Here Brex Host: Jonathan Chang

  • Brex Social Club: Fighter Jets & Finance w/ Puzzle - 10/9

    Designed as a happy hour mixer for founders and VCs
    Apply Here Brex Host: Anshul Shah

LA Tech Week

  • Brexfast w/ Upfront
    Designed as a breakfast 0 to 1: Building at the Early-Stage with Upfront

    Apply Here Brex Host: Jonathan Chang

  • Crosscut's Annual Oktoberfest 2024

    Designed as an Oktoberfest happy hour for mixing with LAs best founders and investors
    Apply Here Brex Host: Anshul Shah

Boston Fintech Week

Paul Albert-Lebrun is the co-founder and CEO of Nodal.

Nodal is building the world's most intuitive port terminal software to help cargo ports grow their business.Nodal's first product is a Virtual Advisor for operations leaders. It analyzes operational files and existing information systems, like existing terminal operating systems, to pinpoint root causes of plan deviations and offers actionable solutions to achieve performance goals. Similar to how Google Maps optimizes your journey for shorter travel times, Nodal helps leaders navigate upcoming bottlenecks and prevent delays to hit a performance target.

Ambassador’s Perspective
With vessels, trains, and trucks spending nearly half their operational time waiting to be loaded or unloaded, Nodal aims to reduce this waiting time by 10% globally. In an industry overwhelmed by data, Nodal empowers operations leaders to make sense of this information to proactively reduce delays and improve productivity. By doing so, it benefits the entire supply chain—from carriers and unions to shippers and consumers.

 Liz Christo is a partner at Stage2 Capital

Stage2 Capital is an early stage venture firm investing in B2B software companies at the seed and A rounds. The firm focuses on delivering unique value around go-to-market with an engaged LP network of 800+ GTM operators. Liz is a Partner at Stage 2 and has led investments in companies like AeroCloud, Cable and Pear Commerce. 

Liz started her career as an operator and spent the better part of a decade in the GTM org at NetSuite. She pivoted into venture in 2016 and, as a Partner at OpenView Venture Partners, built out the post-investment consulting group and sat on the investment committee. 

The financial stack you can bank on. Trusted by 1 in 3 US startups, Brex allows you to manage your spend from MVP to IPO. Interested? Sign up here using the referral code NEWSLETTER and get 25,000 bonus points, $5K AWS credits, $2.5K OpenAI credits and up to $150K in SaaS discounts.

Don’t hesitate to reach out,🦾!