The city of Boston is known for serving as a hub for healthcare technology and biotech companies. However, Kayak.com co-founder and former CTO Paul English wants to encourage more Internet startups to set up shop there. English has raised $20 million in funding for a new incubator called Blade.
English has partnered with colleagues from Kayak colleagues Bill O?Donnell and Paul Schwenk on the incubator.
Accel Partners and General Catalyst Partners are the investors in this round for Blade. Both of these companies also put money into Kayak.com early on. Blade will invest between $500,000 and $1 million in seed funding for each company.