Banking & Finance  April 17, 2015

Boulder lands five of Colorado’s 23 first-quarter venture capital deals

BOULDER — Five of the 23 venture capital deals in Colorado during the first quarter involved companies in Boulder, according to the latest MoneyTree Report released Friday by PricewaterhouseCoopers LLP and the National Venture Capital Association.

The list is based on data provided by Thomson Reuters.

The five deals for Boulder-based companies totaled $28 million. Colorado-based companies drew $115.6 million in venture capital, according to the report, which did not disclose amounts for three of the deals.

One company from Longmont and one from Fort Collins also received funding during the first quarter.

Companies that received funding during the first quarter based in the Boulder Valley and Northern Colorado were:

TerraLux Inc., Longmont, $10,999,800 from Crawley Ventures LLC, Emerald Technology Ventures AG, Enertech Capital, GC&H Partners, Generation Investment Management LLP and an undisclosed firm. TerraLux designs and manufactures LED lighting products.

Tendril Networks Inc., Boulder, 8,080,000 from Good Energies AG, Siemens Venture Capital GmbH. Tendril creates energy-management software.

ViroCyt Inc., Boulder, $3,468,000 from High Country Ventures LLC and an undisclosed firm. ViroCyt, a spinoff of Boulder-based InDevR, provides tools that improve biotech processes such as vaccine manufacturing.

Bhakti Chai, Boulder, $3 million from the Colorado Impact Fund operated by Vestar Capital Partners Inc. Bhati Chai brews chai tea. The money is being used to build a manufacturing plant in Longmont, and also to advance sales and marketing efforts.

BiOptix Diagnostics Inc., Boulder, $1.5 million from Boulder Ventures Ltd. BiOptix makes instruments that can analyze how molecules interact.

Woot Math LLC, Boulder, $1 million from the Foundry Group LLC. Woot Math is a tablet- and web-based application to teach kids fractions. Its products are sold to school districts, teachers and parents.

Red Rock Biofuels LLC, Fort Collins, undisclosed amount from undisclosed firm. Red Rock makes fuel from wood biomass.

Nationally, venture capitalists invested $13.4 billion in 1,020 deals during the first quarter, a decline of 10 percent in terms of dollars and 8 percent in the number of deals, compared with the fourth quarter when $14.9 billion was invested in 1,103 deals. The first quarter is the fifth consecutive quarter of more than $10 billion of venture capital invested in a single quarter.

BOULDER — Five of the 23 venture capital deals in Colorado during the first quarter involved companies in Boulder, according to the latest MoneyTree Report released Friday by PricewaterhouseCoopers LLP and the National Venture Capital Association.

The list is based on data provided by Thomson Reuters.

The five deals for Boulder-based companies totaled $28 million. Colorado-based companies drew $115.6 million in venture capital, according to the report, which did not disclose amounts for three of the deals.

One company from Longmont and one from Fort Collins also received funding during the first quarter.

Companies that received funding during the first quarter based in the Boulder Valley and Northern…

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