Boulder Ventures closes new $61 million fund

BOULDER — Boulder Ventures Ltd., one of the region’s oldest venture firms, just completed raising its sixth investment fund, worth $61 million, bringing the total raised during the past 20 years to $371 million.

About 60 percent of the 63 companies backed by Boulder Ventures have been successful, said company founder Kyle Lefkoff – either by still being in business, completing an initial public offering or being acquired, resulting in a profit for shareholders. Lefkoff declined to discuss which investments didn’t pan out.

Ben Veghte, with the National Venture Capital Association, said it’s difficult to say…