Tech roundup: Apptio files for IPO, Arrow expands partnership with Indiegogo and more

by Jess Ryan
September 1, 2016

Apptio files for IPO

IT management software company Apptio announced plans for an IPO this week, with the intent to raise $75 million for the offering. Based in Seattle, Apptio has spent much of this year building up a presence in Colorado. The company’s filing with the Securities and Exchange Commission did not disclose the price per share or the number of shares they plan to issue. [Denver Business Journal]


Arrow partners with Indiegogo

Arrow Electronics revealed expansions to their partnership with crowdfunding company Indiegogo this week. The partnership aims to help entrepreneurs take their product from crowdfunding to production. Through the expansion, entrepreneurs on Indiegogo can apply to be “Arrow Certified,” which indicates an Arrow engineer has assessed the product’s ability to be manufactured. Some certified campaigns will also receive manufacturing and supply chain support from Arrow. [InnovatioNews]


Ibotta’s launches app-to-app rebates feature

Denver-based Ibotta announced the launch of a new feature this week, which allows users to earn rewards through purchases on other apps. The company partnered with contextual commerce company Button to build out app-to-app deep-linking experiences, lending seamless navigation capabilities from Ibotta to the purchase process on their partner apps like DoorDash or [Built In Colorado]


LogRhythm pulls in $50M

Cybersecurity company LogRhythm announced this week they’ve raised $50 million in their latest round of funding. The round was led by an existing investor, Riverwood Capital, and had participation from Adams Street Partners, Siemens Venture Capital, Delta-v Capital and members of the company’s management team. New investors EDBI, Exclusive Ventures and Silver Lake Waterman also participated in the funding. The company plans to use the funds to continue their global expansion and add up to 50 members to their team in Boulder. [Built In Colorado]


Rise of the Rest pitch competition deadline nearing

Investor and tech pioneer Steve Case is seeking submissions for a pitch competition as part of his “Rise of the Rest” startup bus tour. The tour will travel more than 2,100 miles through the Western United States, stopping in Denver on October 4th. During the tour, Case will invest a total of $500,000 in regional startups. Companies can apply to pitch online — the deadline for submissions is midnight Eastern Time on September 7th. [Press release] acquires 800Razors

Golden-based razor e-commerce company announced this week they’ve acquired 800Razors. The move is expected to boost ShaveMob’s customer base and brand equity while allowing it to expand its product offerings, including shaving cream and lotions. Terms of the deal were not disclosed. [Press Release]


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