Banking & Finance  October 14, 2016

Denver dominates third-quarter VC funding in Colorado 

Denver companies dominated third-quarter venture-capital investments in Colorado, securing seven of the top 10 fundings, according to the latest MoneyTree report released Thursday. The report is compiled by PricewaterhouseCoopers LLP, based on data provided by Thomson Reuters.

Boulder recorded two VC fundings in the top 10 during the third quarter, with Westminster recording one.

Companies receiving venture capital during the third quarter were:

Galvanize LLC, Denver,  delivering technology-education programs and community workspaces — $40 million from Vestar Capital Partners Inc., Haystack Partners, ABS Capital Partners Inc., two unndisclosed firms; and University Ventures.

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FullContact Inc., Denver, operating as a application programming interface (API) company — $25 million from Blue Note Ventures, Foundry Group LLC, Baird Capital and J. F. Shea Co Inc.

GoSpotCheck Inc., Denver, developing Web and mobile apps, $16.48 million from Insight Venture Partners LLC, Point Nine Capital Fund I and GmbH Co KG.

CeraPedics Inc., Westminster, an orthobiologics company, $11 million from an undisclosed firm.

Cyber Global Risk Exchange Inc., Denver, providing surveillance, analysis and cyber security threat information, $9 million from Allegis Capital LLC, Rally Ventures, Barings Corporate Investors, Blackstone Group LP, Ten Eleven Ventures LP, an undisclosed firm and Google Ventures.

NextHealth Technologies Inc., Denver, offering a prescriptive analytics and consumer engagement platform, $8.43 million from Norwest Venture Partners and an undisclosed firm.

Dizzion Inc., Denver, providing a managed end-user computing platform, $6.4 million from Grotech Ventures, Access Venture Partners, Correlation Ventures LP and Point B Capital LLC.

Red Canary Inc., Denver, an endpoint threat-detection and response company, $6.17 million from Service Provider Capital LLC, an undisclosed firm, NMP Management Corp and Access Venture Partners.

JumpCloud Inc., Boulder, providing a directory as a service, $4.25 million from an undisclosed firm.

Black Bear Energy Inc., Boulder, a technology-enabled energy services company, $2.5 million from an undisclosed firm and Boulder Ventures Ltd.

Parkifi Inc., Morrison, providing occupancy and analytical data, $2 million from an undisclosed firm.

Baker Technologies Inc., Denver, providing a customer-engagement platform, $1.6 million from 500 Startups LP, XG Ventures, Base Ventures and four undisclosed firms.

Photobucket Corp., Denver, an online photo-sharing and print community, $1.57 million from an undisclosed firm.

Flashback Technologies Inc., Boulder, which developed a machine-learning framework for analysis of data sets, $1.25 million from an undisclosed firm.

Novinda Corp., Denver, an air-quality technology company, $750,000 from Altira Group LLC and an undisclosed firm.

mbio Diagnostics Inc., Boulder, offering clinical diagnostics and sample testing, $563,000 from an undisclosed firm.

Kindara Inc., Boulder, producing devices to help women understand about their reproductive health, $550,000 from an undisclosed firm.

Pyxant Labs Inc., Colorado Springs, a constract-research laboratory company, $530,000 from an undisclosed firm.

BayoTech Inc., Fort Collins, which develops nested-flow chemical reactors, $400,000 from Cottonwood Capital Partners LLC.

P2Binvestor Inc., Denver, a crowdlending platform, $75,000 from an undisclosed firm.

Apto Inc., Denver, offering Web-based commercial real estate software for commercial brokers, $47,000 from Mercury Partners Management LLC.

Codepops Inc., Boulder, offering Bitsbox, a website where kids can learn computer programming, an undisclosed amount from Flywheel Ventures.

Rever Moto Inc., Eagle, free application, an undisclosed amount from BMW I Ventures.

Trackvia Inc., Denver, which develops an online database application for managing business data, an undisclosed amount from Flywheel Ventures.

Statewide, venture capitalists invested $144,645,900 in 25 deals in the third quarter, compared with $78,288,800 in 19 deals in the second quarter, and $44,558,000 in 16 deals in the first quarter.

Nationally, venture capitalists invested $10.63 billion in 891 deals during the third quarter, down from $15.57 billion in 999 deals in the second quarter and $12.64 billion in 1,021 deals in the first quarter.

 

Editor’s Note: This report has been updated to include all third-quarter VC fundings in Colorado, not just the Top 10.

 

 

Denver companies dominated third-quarter venture-capital investments in Colorado, securing seven of the top 10 fundings, according to the latest MoneyTree report released Thursday. The report is compiled by PricewaterhouseCoopers LLP, based on data provided by Thomson Reuters.

Boulder recorded two VC fundings in the top 10 during the third quarter, with Westminster recording one.

Companies receiving venture capital during the third quarter were:

Galvanize LLC, Denver,  delivering technology-education programs and community workspaces — $40 million from Vestar Capital Partners Inc., Haystack Partners, ABS Capital Partners Inc., two unndisclosed firms; and University Ventures.

FullContact Inc., Denver, operating as a application programming interface (API) company —…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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