Funded Startups in Andover
The funded companies in this listing span two geographically distinct Andovers — Andover, Massachusetts and Andover, Hampshire, UK — a split that matters f…
The funded companies in this listing span two geographically distinct Andovers — Andover, Massachusetts and Andover, Hampshire, UK — a split that matters for any sales or investor team filtering by city. The Massachusetts cluster is concentrated in life sciences: Corvia Medical raised $55M in June 2025, TransMedics closed a $60M Post-IPO Debt round in September 2022, and Microbial Machines pulled $4M in May 2022. Casa Systems, an internet services company also in Andover, MA, added $40M via Post-IPO Equity in April 2022.
The Hampshire, UK side covers fintech, AI, and sustainability. CloudPay appears twice — $35M in August 2020 and $50M in October 2022 — pointing to consistent institutional re-up. Mapilio (AI, seed-stage, undisclosed amount) and Ecologi ($3M via equity crowdfunding in November 2021) represent earlier-stage activity. The presence of two post-IPO raises alongside seed and crowdfunding rounds reflects the range of funding stages captured across this dual-city dataset.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among these companies?
TransMedics leads with a $60M Post-IPO Debt round closed in September 2022, followed by Corvia Medical at $55M in June 2025 and CloudPay at $50M in October 2022. Casa Systems also raised $40M via Post-IPO Equity in April 2022.
Do these companies all come from the same Andover?
No. The eight companies span two distinct cities: Andover, Massachusetts and Andover, Hampshire, UK. The Massachusetts side is dominated by life sciences — Corvia Medical, TransMedics, Microbial Machines — while the Hampshire cohort includes CloudPay, Mapilio, and Ecologi.
Which sectors appear most often in this data?
Biotechnology accounts for two companies (Corvia Medical, Microbial Machines), and Financial Services appears twice due to CloudPay raising in both 2020 and 2022. Health Care, AI, Internet Services, and Professional Services each have one entry.
Are any of these companies already publicly traded?
Yes — TransMedics raised $60M via Post-IPO Debt in September 2022, and Casa Systems raised $40M via Post-IPO Equity in April 2022, meaning both were public at the time of those rounds.
Has any company raised multiple rounds in this dataset?
CloudPay (Andover, Hampshire) appears twice: a $35M round in August 2020 and a $50M Venture round in October 2022, indicating sustained institutional backing across a two-year window.
What is the most recent round in this dataset?
Corvia Medical's $55M round, dated June 17, 2025, is the most recent entry. The company is a biotechnology firm based in Andover, Massachusetts, and the round type is listed as Series Unknown.
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