Even as the temperatures rise, fundraising in Colorado cooled off this month. Following a big month of funding in April, May saw only $28.9 million in total funding for local tech companies. Despite the month’s lower numbers, seven tech startups each brought in over $1 million, including early-stage healthtech startup Apostrophe.
Wanna see who brought in the most? Here are the top five rounds of tech funding for May.
5. Apostrophe, $1.15 million, May 17
Investors: Not disclosed
Bio: Formerly Airstream Health, Apostrophe builds healthcare plans for self-insured employers looking to save money while providing their teams with the healthcare resources they need. Apostrophe completed the Techstars Boulder accelerator last month and is still testing their pilot platform.
Recent news: With this round of funding, Apostrophe plans to build out their healthcare platform and sign additional beta customers.
4. Firepoint, $2.23 million, May 5
Bio: Firepoint offers an all-in-one software solution for real estate teams. Their platform provides realtors with greater transparency and accountability and improved business reporting and analytics and is backed by a team of experienced real estate professionals.
Recent news: Firepoint's using its SaaS platform to revolutionize the way real estate teams collaborate, manage and grow their businesses.
3. hobbyDB, $2.89 million, May 16
Bio: hobbyDB is an e-commerce marketplace for the $200 billion collectibles industry. Their platform allows hobbyists and collectors to research, buy and sell everything from vintage video games to diecast model cars.
Recent news: Last month, hobbyDB joined Techstars, Y Combinator and about 30 other Boulder startups in signing a letter to the FCC in defense of net neutrality.
2. Shinesty, $3.39 million, May 25
Bio: Shinesty is the e-commerce retailer bringing back our favorite retro fashions from the 80s and 90s. From patterned suits to neon ski onesies, they’ve set themselves apart with their bright and bold statement pieces.
Recent news: In March, MTV aired a six-episode “docu-comedy” featuring the Shinesty team and the wacky antics taking place in their Boulder office.
1. Liqid, $10 million, May 25
Investors: Marker Hill Capital, Phison Electronics Corporation
Bio: Liqid provides composable infrastructure, which allows users to customize and configure the hardware and software of their server systems in a more flexible and agile way.
Recent news: Including this $10 million Series A, Liqid has now raised $20 million in funds for their fast-growing business. The company plans to use the money to accelerate development of its Liqid CI platform, hire more developers, and expand its sales and marketing efforts to meet the demands of their customers.
Images via featured companies, Shutterstock and social media.