Tech roundup: BillingPlatform's $18M Series A, Personal Capital surpasses $5B in assets and more

by April Bohnert
August 31, 2017


BillingPlatform lands $18M Series A, appoints new CEO

On Tuesday, Englewood-based BillingPlatform announced the close of an $18 million Series A from Columbia Capital. The funding comes during a period of rapid growth for the company, which plans to use the capital to continue growing and expanding its sales and marketing efforts. The startup also appointed Dennis Wall as its new CEO. He takes over after co-founder Nathan Shinn, who will become the company's chief strategy officer. [Built In Colorado]


Personal Capital surpasses $5B in assets under management

Fintech and wealth management startup Personal Capital hit a major milestone this week. On Wednesday, the company announced that it now manages $5 billion in assets, $2 billion of which was added in the past year alone. In a further testament to the company’s success, Personal Capital’s Series E investors, IGM Financial, provided an additional $40 million in funding to support its continued growth earlier this month. [Press release]


SpotX finalizes acquisition by RTL Group

Video ad serving platform SpotX finalized its acquisition by RTL Group, a European entertainment company. RTL made its first investment in the company in 2014. Since then, SpotX has nearly doubled its net revenues, almost quadrupled earnings, opened seven new offices around the world and hired 150 new employees. The acquisition will officially close in October, after which the current leadership will continue to execute on the company’s strategies. [Press release]


Switchfly launches new office in Denver

San Francisco-based travel tech company Switchfly announced plans to expand into the Denver tech scene this week. The startup started hiring locally in July and plans to reach upwards of 50 employees by the end of the year. Its primary focus is on hiring new software developers and engineers. [Press release]


Payroll City announces internship program for young, aspiring programmers

Colorado Spring-based payroll and HR solutions provider Payroll City just began accepting applications for its paid programming internship. The internship is open to anyone ages 16 and older. Interns will work part-time for one year, learning the latest enterprise software, programming and coding techniques from on-site mentors. Interns also have the opportunity to earn a $1,000 scholarship and stay on as part- or full-time programmers. [Press release]


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