Boulder Ventures invests in Intellinote Inc.

BOULDER – Venture-capital firms Boulder Ventures and Grotech Ventures have invested $4.3 million in Intellinote Inc., a company that’s developing a cloud-based productivity-enhancing tool.

The breakdown of the amount of the investment made by Boulder-based Boulder Ventures and Reston, Virginia-based Grotech was not immediately available.

Boulder Ventures’ general partner Jonathan Perl and Grotech’s principal Don Rainey are on the board of directors of Intellinote, which is based in Reston, Virginia. Boulder Ventures maintains an office in Reston. Intellinote has about 1,200 customers worldwide.

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“Boulder Ventures is an ideal partner for Intellinote because they have both geographical accessibility to provide in-person counsel, along with deep industry expertise,” Bill Welch, Intellinote’s co-founder and executive chairman, said in a press statement.

Intellinote is led by a group of entrepreneurs who previously received funding from Boulder Ventures for their work starting Clarabridge Inc., a company that makes software that analyzes social media data and other data. Boulder Ventures retains a minority stake in Clarabridge, which is based in Reston, Virginia.

Boulder Ventures was founded in 1995. The firm has invested more than $350 million in client companies since it opened. Grotech has made several investments in Boulder companies, said Joe Zell, who works in the firm’s office in Denver. In all, Grotech has invested $1 billion in more than 100 companies since it was founded in 1984.