Revolv led VC in Boulder Valley during Q4

BOULDER – Two Boulder-based companies were involved in the state’s top 10 venture-capital deals during the fourth quarter, according to the latest MoneyTree report released Friday.

The report is compiled by Pricewaterhouse Coopers and the National Venture Capital Association based on data by Thomson Reuters.

Software firm Revolv Inc., formerly named Mobiplug, raised $4.1 million from the Foundry Group LLC and two undisclosed investors. Revolv makes a home-monitoring and control system.

Toymaker Seamless Toy Co. Inc. raised $2.1 million from Founder Collective, Promus Ventures, Proof Ventures LLC and an undisclosed firm.

In all, six companies based in the Boulder Valley, all in Boulder, received venture capital during the fourth quarter.

MobileDay Inc., a provider of software for conference call connections, raised $1.5 million from an undisclosed firm.

BlogFrog LLC, a provider of software for marketing, raised $625,000 from Grotech Ventures.

RoundPegg Inc., a provider of software to help manage an organization’s culture, raised $383,000 from Access Venture Partners, Dundee Venture Capital and Point B Capital LLC.

Gnip Inc., a provider of social-media data, raised an undisclosed amount, according to the report.

The top venture-capital investment in Colorado during the fourth-quarter went to Denver-based Sympoz Inc., which owns and operates an online interactive learning platform. Sympoz received $35 million from Adams Street Partners LLC and the Foundry Group LLC.

Venture-capital investment in Colorado companies for the quarter was $89.5 million on 21 deals.

For 2013 statewide, venture-capital investments totaled $414.8 million on 79 deals, the lowest total and fewest number of deals since 2004, according to the report.

The top venture-capital investments in 2013 went to Sympoz, and Broomfield-based biotech Accera Inc., which received $35 million earlier in the year.

Nationally, venture capitalists invested $29.4 billion in 3,995 deals in 2013, an increase of 7 percent in dollars and a 4 percent increase in deals over the prior year, according to the report.

Internet-specific companies captured $7.1 billion in 2013, marking the highest level of Internet investment since 2001.

Annual investments into the software industry also reached the highest level since 2000 with $11 billion flowing into 1,523 deals in 2013. Dollars going into software companies accounted for 37 percent of total venture capital invested in 2013, the highest percentage since the inception of the MoneyTree Report in 1995.


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