After a mid-summer slowdown in July, Colorado saw a bit of a rebound in tech funding. In the month of August, tech companies hauled in nearly $62 million. Fintech, in particular, brought in the bulk of this month’s funding. See below for the top fives rounds.
1. Personal Capital, $40 million, August 1
Investors: IGM Financial
Bio: Personal Capital combines technology with personalized wealth management to deliver financial software, tools and services.
Recent news: Earlier this week, the company announced that it officially surpassed $5 billion in managed assets, $2 billion of which was added in the past year alone.
2. BillingPlatform, $18 million, August 29
Investors: Columbia Capital
Bio: BillingPlatform took the same model as Salesforce and ServiceNow and applied it to the agile monetization space, delivering a customizable cloud billing platform that works for a range of industries.
Recent news: At the same time that the company announced the close of its Series A, it also named Dennis Wall as its new CEO. Wall formerly served as the company’s CRO.
3. MassRoots, $1.2 million, August 4
Bio: MassRoots built a massively popular social networking app for the cannabis community and has since branched out into other areas of the cannatech industry.
Recent news: Earlier this month, MassRoots announced that it planned to acquire the cannabis regulation database CannaRegs for $12 million — its third acquisition in the last year.
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4. Kwippit, $1 million, August 29
Bio: Kwippit is an image-driven messaging app that amplifies the emoji experience. Users can choose from a gallery of regularly updated “kwips” from their favorite artists, people and causes.
Recent news: Last year, Kwippit pulled in $3 million in funding and has since doubled down on its efforts to collaborate with up-and-coming artists to provide more unique images in its gallery.
5. Field Squared, $550,000, August 24
Bio: Field Squared developed a customizable cloud platform to simplify the management of mobile workforces and field operations.
Recent news: In March, the company announced a partnership with Sea Tow International, the on-water assistance provider. Sea Tow implemented Field Squared’s software to improve dispatch times and increase efficiency for their fleet.
Photos via featured companies, social media and Shutterstock.
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