Banking & Finance  April 15, 2016

SomaLogic, TapInfluence led Colorado’s 1Q venture-capital deals

Companies based in the Boulder Valley accounted for seven of the 15 venture-capital deals that took place in Colorado during the first quarter of the year, according to the quarterly MoneyTree Report released Friday.

The report is compiled by PricewaterhouseCoopers LLP and the National Venture Capital Association based on data provided by Thomson Reuters.

In March, Boulder-based SomaLogic Inc., a medical-diagnostic tech company, said it was raising up to $60.5 million in debt and equity financing provided by Visium Healthcare Partners.

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The MoneyTree report listed SomaLogic as having received venture capital but did not include an amount. But if the $60.5 million was reached, the deal would have been by far the largest in the state. SomaLogic officials could not be reached for comment.

The next largest deal in the state was the $9.6 million raised by Boulder-based TapInfluence Inc., a provider of marketing software. Noro Moseley Partners led the round that included two undisclosed firms.

Other companies in the Boulder Valley receiving venture capital in the first quarter were:

EndoShape Inc., Boulder, $7.1 million. Surgical-device manufacturer. Undisclosed firm.

Wunder Capital LLC, Boulder, $2.9 million. Develops and manages solar investment funds. Techstars, Fintech Collective Inc., Fenway Summer Ventures LP and an undisclosed firm.

Evolutionary Genomics LLC, Lafayette, $2.9 million. Identifies genes that aid crop growth, including traits that perform better in drought conditions. Undisclosed firm.

BiOptix Diagnostics Inc., Boulder, $663,000. Life-science tools company. Undisclosed firm.

Crunchsters, Boulder. Undisclosed amount. Makes snacks. Accelfoods LLC.

According to the report, the 15 deals in the state raised $44.6 million during the first quarter, not including the SomaLogic or four other deals. The number of deals and amount was down from 23 deals producing $101 million during the first quarter of last year.

Nationally, venture capitalists invested $12.1 billion in 969 deals in the first quarter, down from $13.7 billion and 1,085 deals in the first quarter of 2015.

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