BusinessTuesday, November 3
Framingham's Re:Build raises $2.1 billion, the biggest venture round in Massachusetts history
The Daily Framingham team
If you've never heard of Re:Build, you're in good company. The Framingham manufacturer says it raised $2.1 billion last week, topping the old state record of $1.8 billion, set by Commonwealth Fusion Systems in 2021, according to PitchBook. Cambridge's General Catalyst led the round, and JPMorgan Chase came in as a first-time investor. Re:Build declined to share its valuation.
Re:Build's round topped the old state record
Source: The Boston Globe
View as table
| Value | |
|---|---|
| Commonwealth Fusion, 2021 | $1.8 billion |
| Re:Build, 2026 | $2.1 billion |
Re:Build does engineering and manufacturing services and product development, and it has bought 13 small firms so far. 보스톤코리아 covered the news in Korean too. CEO Miles Arnone told the Globe, "It's to make sure the next generation of things are made here."
- Sites: 18, including Framingham, Wilmington and Merrimack, N.H.
- Equity raised since 2020: more than $4 billion
- Best-known spinoff: Slate Auto, maker of a no-frills electric pickup
- Focus: aerospace and defense, energy and robotics
Sources: The Boston Globe, 보스톤코리아