As CarGurus Preps IPO, These 6 Boston Tech Firms Could Be Next

(Page 2 of 2)

4. Kaminario put itself firmly in the local IPO conversation at the beginning of 2017, when it announced a $75 million funding round. That put the data storage firm’s venture capital haul at $218 million since it got started in 2008. As of January, Needham, MA-based Kaminario had grown to about 275 employees worldwide.

5. After Nasuni recently closed a $38 million growth equity investment led by a Goldman Sachs fund, president Paul Flanagan told Xconomy the Boston company has “no plans for an IPO at the current time.” But that doesn’t rule it out.

Here’s why I’m including Nasuni on the list: the cloud data storage company has raised about $120 million since its founding in 2009; it says it has nearly doubled its annual revenue in each of the past four years; it says it could break even on cash flow next year; and it’s now backed by a giant Wall Street bank. Nasuni is certainly worth watching.

6. And lastly, the dark horse: Wanderu. The Boston-based online travel-booking company doesn’t fit my primary criteria—it was founded in 2012 and has raised around $6.6 million from investors, per SEC filings. But Wanderu is reportedly profitable and estimating it could generate around $100 million in revenue this year, according to reports by Inc. and BostInno.

In the coming years, perhaps Wanderu will join TripAdvisor, Wayfair, and (maybe) CarGurus on the list of publicly traded consumer tech firms in the Boston area.

Single PageCurrently on Page: 1 2 previous page