Colorado tech brought in nearly $62M in August. Here are the top 5 rounds

by April Bohnert
September 1, 2017

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.

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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.

 

 

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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.

 

 

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3. MassRoots, $1.2 million, August 4

Investors: Undisclosed

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

Investors: Undisclosed

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.

 

 

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5. Field Squared, $550,000, August 24

Investors: Undisclosed

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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