Funding momentum grows as Colorado tech raises nearly $87M in February

by Jess Ryan
March 1, 2017

Colorado startups raised nearly $87 million in February, with 80 percent of the month’s rounds pulling in at least $1 million. It’s a decrease compared to the $118 million raised in January, but coupled with DigitalGlobe’s $3.2 billion acquisition late last month, Colorado tech continues to have a strong funding environment in 2017.

Here’s a look at February’s top five rounds.

 

5. Tendril, $5 million, Feb. 21

Investors: Not disclosed

What they do: Tendril gets people interested and engaged in energy efficiency by partnering with utility providers.

Recent news: In January, Tendril was inducted into the Cleantech Hall of Fame.

 

4. AUTOPAY, $6 million, Feb. 3

Investors: Fraser McCombs Capital and other strategic investors

What they do: AUTOPAY makes it easier for people to buy cars through its online lending marketplace.

Recent news: AUTOPAY will use the funding to invest in technology growth, along with adding to their sales and marketing teams.

 

3. SlamData, $6.7 million, Feb. 22

Investors: Flywheel Ventures, Seven Peaks Ventures, Access Venture Partners, True Ventures, Shasta Ventures

What they do: SlamData provides business development solutions to industries like IoT, healthcare and security.

Recent news: The company plans to double their staff following this round of funding.

 

2. Convercent, $10 million, Feb. 10

Investors: Sapphire Ventures and Tola Capital

What they do: Convercent’s platforms help companies manage compliance programs to prevent ethics violations.

Recent news: Convercent said the funding will help them grow their global sales and marketing efforts.

 

1. Cherwell Software, $50 million, Feb. 27

Investors: KKR

What they do: Cherwell is an IT services manager with a global footprint.

Recent news: The company plans to use the funds to expand its research and development teams, along with growing its acquisition portfolio.

 

Photos via featured companies and social media.

Have a tip or know of a company worth covering? Email us.

Jobs from companies in this blog12 open jobs
All Jobs
Finance
Data + Analytics
Dev + Engineer
HR
Operations
Project Mgmt
Sales
Sales
new
Convercent
Denver
Sales
new
Convercent
Denver
Sales
new
Convercent
Denver
Developer
new
Tendril
Denver
Developer
new
Tendril
Denver
Developer
new
Convercent
Denver
Data + Analytics
new
Convercent
Denver
Operations
new
Convercent
Denver
HR
new
Convercent
Denver
Sales
new
Convercent
Denver
Finance
new
Tendril
Boulder
Project Mgmt
new
Convercent
Denver

Colorado startup guides

LOCAL GUIDE
Best Companies to Work for in Denver & Boulder
LOCAL GUIDE
Best Software Engineer Jobs in Denver & Colorado Tech
LOCAL GUIDE
Coolest Tech Offices in Denver & Colorado Tech
LOCAL GUIDE
Best Sales Jobs in Denver & Colorado Tech
LOCAL GUIDE
Best Perks at Colorado Tech Companies
LOCAL GUIDE
Best Marketing Jobs in Denver & Colorado Tech
LOCAL GUIDE
Your Guide to Healthtech in Denver & Boulder
LOCAL GUIDE
Best Design Jobs in Denver & Colorado Tech