Next Foods leads area 3Q VC

Boulder-based NextFoods Inc., doing business as Good Belly, led a parade of six Boulder Valley companies that received venture capital funding during the third quarter, according to the MoneyTree Report.

NextFoods, founded by Steve Demos, received $16 million to manufacture and supply fruit-based probiotic products. The round was led by Maveron LLC in Seattle, Wash. It was the third-largest amount garnered by companies in Colorado. AVA Solar Inc. in Fort Collins raised $103.9 million, and Sierra Neuropharmaceuticals in Aurora raised $20.3 million in the quarter.

Other Boulder Valley companies receiving funding were Boulder-based ProStor Systems Inc., $4 million; Longmont-based DisplayTech Inc., $2.6 million; Boulder-based Eco-Products Inc., $2.1 million; Longmont-based AgInfoLink Global Inc., $2 million; and Boulder-based SpireLine Systems Inc., $265,000.

The report from PricewaterhouseCoopers and the National Venture Capital Association is based on information provided by Thomson Financial. The report showed that $196 million was invested in Colorado during the third quarter by venture capitalists.

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