Tech roundup: Colorado tech companies raise a combined $26.2M and more

June 22, 2017


Royalty Exchange lands $6.4M, adds music industry power players to board

Royalty Exchange, creators of the first online marketplace for music royalties, just announced the closing of a $6.4 million convertible note. The company more than doubled its initial intended offering of $3 million after receiving an overwhelmingly positive response from investors.

In addition to the funding, Royalty Exchange added three industry heavy-hitters to its board of advisors. The new members include Jeff King, COO of SOCAN; Bill Silva of Bill Silva Entertainment; and Travis Hill, Carnival Music co-founder and songwriter for artists like Kenny Chesney, Tim McGraw and the Dixie Chicks. [Built In Colorado]



CirrusMD announces closing of $7M Series A

After growing its covered population by over 850 percent in the last year to, CirrusMD announced the closing of a $7 million Series A round of funding. The company plans to use the funds to expand its sales, marketing and customer support teams and accelerate the development of its platform and data analytics capabilities. [Built In Colorado]



Sphero launches spin-off Misty Robotics with announcement of $11.5M funding

Sphero Inc., creator of the popular connected play robot, announced on Tuesday the successful launch of its sister company Misty Robotics with the closing of an $11.5 million round of Series A funding. Misty Robotics intends to use the capital to build its team and stimulate product development for its first customer delivery. [Built In Colorado]



Denver-based Luvbyrd acquires outdoor adventure app Yonder

Mike Keshian, co-founder and CEO of Luvbyrd — the dating app for outdoor enthusiasts — expanded his portfolio this week with the acquisition of another outdoor adventure app, Yonder. Yonder uses crowdsourced reviews and a social network to help outdoor lovers discover new hikes, bike rides, waves, rivers, runs, trails and more. [Press release]



Silvernest raises 1.3M for unique home sharing app

Silvernest, the roommate matching app for baby boomers and empty nesters, announced the closing of a $1.3 million round of seed funding. The round included investments from prominent venture capitalists and angel investors, such as Halogen Ventures, 1843 Capital, Rockies Venture Club, Investor’s Circle and 500 Startups. The new capital will be used to scale the business and expand revenue generation efforts. [Press release]


Photos via featured companies, social media and Shutterstock.

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