Colorado tech brought in nearly $118M in January. Here are the top 5 rounds

February 1, 2017

Following a fairly slow December, Colorado tech got off to a strong start in 2017 with tech companies raising nearly $118 million in January. Compared to the $780 million raised in all of 2016, we expect to see more growth as the year progresses. Here’s a look at January’s top five rounds.

 

5. SecureSet, $4.7 million, Jan. 30

Investor: Colorado Impact Fund

What they do: SecureSet’s cybersecurity academy and accelerator prepare individuals and companies for success in the cybersecurity industry.

Recent news: The company recently opened a campus in Colorado Springs and began accepting GI benefits.

 

4. Faction, $11 million, Jan. 26

Investors: Meritage Funds, Sweetwater Capital, Charterhouse Strategic Partners and Rifkin-Pottle Group, Ares Capital Corporation

What they do: Faction is an enterprise-level cloud services provider.

Recent news: Following the funding, the company said they plan to add 20 positions across technical and sales roles.

 

3. Cloud Elements, $13 million, Jan. 9

Investors: Harbert Growth Partners with participation from Rally Ventures, Access Ventures and Grotech Ventures

What they do: Cloud Elements supports developers with a unified platform for API management.

Recent news: The company will focus on growing their customer success team as they hire about 20 new people this year.

 

2. TeamSnap, $25 million, Jan. 31

Investors: Foundry Group with participation from Fairfax Financial Holdings Limited.

What they do: TeamSnap’s app helps families and coaches stay on top of logistics when it comes to team sports.

Recent news: TeamSnap plans to expand their workforce this year, with an emphasis on marketing, sales and product roles.

 

1. ProtectWise, $50.4 million, Jan. 18

Investors: Arsenal Venture Partners, Top Tier Capital Partners, Tola Capital and others

What they do: ProtectWise is a cloud cybersecurity company; their platform acts as a “security camera” for clients’ data by monitoring and recording network activity.

Recent news: Along with plans to add roughly 30 members to their team, the company also announced Jay Leek had joined their board.

 

Photos via featured companies.

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