By Jay Fitzgerald – A blog about Boston, Hub of the Universe, and everything else.


Local funding updates: Cool clean-energy company, cool housing startup

Some interesting funding news to report. First, we’re close to finding out whether Massachusetts is home to one of the coolest breakthrough companies of the clean-energy era or one of its biggest busts. The BBJ has the latest on Devens-based Commonwealth Fusion system, which just raised another $863 million, bringing its total capital raised to nearly $3 billion … Nvidia and Google obviously have confidence in Commonwealth Fusion’s future. But I still have my nervous too-good-to-be-true doubts, based on having seen (and written about) way too many clean-energy busts over the years. …  I’ve previously posted about Commonwealth Fusion here.

Meanwhile, Andover-based Reframe Systems may not be the coolest startup, but it’s definitely a cool and fascinating housing startup. B&T reports Reframe Systems has raised $20 million to “build a series of ‘microfactories’ to crank out modular buildings like ADUs and three-deckers.”  … Sounds great. But it all depends on how local towns and cities react. They haven’t exactly embraced modular construction in the past, unfortunately.  … One of the firm’s triple-decker products looks pretty damn good to me. 

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