Twelve companies in region garner VC in 1Q

BOULDER – Twelve companies based in the Boulder Valley and Northern Colorado received a total of $44.6 million of venture capital during the first quarter of this year, according to the PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report released Friday.

Statewide, venture capitalists poured $117.6 million into 22 companies during the quarter.

TeamSnap Inc. in Boulder led the region raising $7.5 million during the quarter. TeamSnap provides web-based team- and group-management software and has been expanding to include products that cater to countries outside the United States. It received funding from investors Foundry Group LLC, Toba Capital, Torstar Corp., Trinity Ventures LLP and…