Weekly Refresh: Robinhood Comes to Denver, and Several Big Fundings

by Gordon Gottsegen
October 7, 2019
denver tech news
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Fintech startup Robinhood is coming to Colorado. The Bay Area company has picked Denver as the location for its next major office. It plans to employ 800 people there and is currently looking for a permanent location (its temporary office will open in Highland this week). Robinhood has created a platform that helps people invest with commission-free trades. It’s valued at $7.6 billion and closed a $323 million Series E in July. [Built In Colorado]

BurstIQ closed a $5.5 million Series A. BurstIQ has created a platform for storing medical data that uses blockchain, artificial intelligence and Big Data. The platform is HIPAA and GDPR compliant, so you know it takes privacy and security seriously. The new funding will help the company expand nationally and globally. [Built In Colorado]

Spekit raised a $2.54 million seed round. Spekit is a Salesforce and cloud-based application training platform that was founded in 2018. The company plans to use this new funding to expand and hire people in sales, customer success and marketing roles. [Built In Colorado]

Walker Lane Exploration acquired a majority stake in CBD cosmetics company, Cosmetics By Design. Walker Lane Exploration recently entered into the cannabis industry and Cosmetics By Design is the company’s first acquisition in the space. [Press release]

CyberGRX makes several executive hires. The cyber risk management company added Bob Carrigan, former Chairman and CEO of Dun & Bradstreet, to its Board of Directors. It also appointed Adam Cecil as CFO, Jessica Reiter as CMO and Frank Price as VP of Product. [Press release]

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