Crusoe Energy Expands, The Pro’s Closet Lands $40M, and More CO Tech News

June 1, 2021
The Pro's Closet / Facebook
Photo: The Pro’s Closet / Facebook

A software company secured unicorn status last week and others brought in capital of all sizes. Read on to find out which tech companies are expanding their office space and team. This is the Built In Colorado weekly refresh.

Snapdocs raised $150M. The AI-enabled software company connects lenders, settlement services and borrowers on one platform to speed up the closing process. San Francisco-based Snapdocs, which has a significant and growing presence in Denver, secured unicorn status following this round. The company is now valued at more than $1.5 billion and plans to hire in both cities. [Built In Colorado]

Crusoe Energy expanding Denver HQ. Founded in 2018 by two Kent Denver School graduates, Crusoe Energy provides oil and gas companies with cost-effective ways to capture natural gas flaring and environmentally harmful emissions. The company currently has 20 employees in Colorado but will soon add 286 new jobs in operations, engineering, business development, sales and more. The Centennial State beat out Montana, North Dakota and Nebraska for the company’s headquarters expansion. [Colorado OEDIC]

Colorado Tech Quote of the Week

“I think there’ll be some receding of demand when COVID wanes, however, I think cycling’s having a moment that will last well beyond COVID. I think people rediscovered it and it’s only going to become more popular.” —John Levisay, The Pro’s Closet CEO

The Pro’s Closet got $40M. The Louisville-based e-commerce retailer sells new and used bikes, frames and components throughout the United States and Canada. With the fresh cash, The Pro’s Closet will make investments in its website and grow its headcount from 116 employees to 200. [Built In Colorado]

Datadog hiring 400 people. Datadog is a cloud-based monitoring and security platform used by IT professionals, security teams and developers. The New York-based company plans to open a new, larger Denver office later this year. The 25,000-square-foot office will serve as the company’s “western U.S. hub.” [Built In Colorado]

Tilled brought in $11M. Boulder-based Tilled is a payment facilitator for software companies. The Series A round will be used to hire 35 people by the end of the year. This round comes six months after the company’s $2.15 million seed round. [Built In Colorado]

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