Banking & Finance  October 17, 2014

Broomfield firm tops in region for third-quarter VC

BOULDER – Seven firms in the Boulder Valley and Northern Colorado were among the 17 companies in Colorado that struck venture capital deals during the third quarter.

The 17 deals statewide totaled $167.2 million, up from $163.3 million on 22 deals during the second quarter, according to the MoneyTree Report from PricewaterhouseCoopers LLP and the National Venture Capital Association, based on data provided by Thomson Reuters.

Companies in the region receiving venture capital in the third quarter were:

Great Lake Pharmaceuticals Inc., Broomfield. $ 11,221,000. It designs products that prevent infections associated with catheters. Investors were Charter Life Sciences and Venture Investors LLC.

Mobile Day, Boulder, $6,577,200. It provides one-touch access into any conference call. Investors were Foundry Group LLC, Google Ventures, Innoventures Capital Partners, SoftBank Capital Partners LP, Softtech VC Inc. Techstars and an undisclosed firm.

Madwire Media LLC, Loveland, $5.5 million. It is an online marketing and design agency. Copley Equity Partners LLC, Equity Partners LLC, and Cypress Growth Capital LLC.

TeraLux Inc., Longmont, $3,103,000. It designs and manufactures light-emitting diode lighting products. Access Venture Partners and Emerald Technology Ventures AG.

Gridcraft Inc., Boulder, $2,289,000. It makes cloud-based software. Confluence Capital Partners, Galvanize Ventures, Tech Stars and an undisclosed firm.

BiOptix Diagnostics Inc., Boulder, $2,054,000. It makes analytical instruments. Boulder Ventures Ltd.

Orbotix Inc., Boulder, $997,000. It makes robotic toys. Highway 12 Ventures.

Cologix Inc. of Denver had the state’s top deal, receiving $36.6 million from an undisclosed source, according to the report. Cologix operates data centers in Columbus, Dallas, Jacksonville, Lakeland, Minneapolis, Montreal, Toronto and Vancouver.

Nationally, venture capitalists invested $9.9 billion in 1,023 deals during the third quarter. Quarterly investments declined 27 percent in terms of dollars and 9 percent in the number of deals, compared to the second quarter when $13.5 billion was invested in 1,129 deals. The third quarter is the sixth consecutive quarter of more than 1,000 companies receiving venture-capital investments in a single quarter.

BOULDER – Seven firms in the Boulder Valley and Northern Colorado were among the 17 companies in Colorado that struck venture capital deals during the third quarter.

The 17 deals statewide totaled $167.2 million, up from $163.3 million on 22 deals during the second quarter, according to the MoneyTree Report from PricewaterhouseCoopers LLP and the National Venture Capital Association, based on data provided by Thomson Reuters.

Companies in the region receiving venture capital in the third quarter were:

Great Lake Pharmaceuticals Inc., Broomfield. $ 11,221,000. It designs products that prevent infections associated with catheters. Investors were Charter Life Sciences and Venture Investors LLC.

Mobile…

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