Tetra Insights Got $5M, ModivCare’s Acquisition, and More CO Tech News

August 9, 2021
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These tech companies are furthering industry growth in the Centennial State. After last week’s developments, check out what’s underway in the Colorado tech sector. This is the Built In Colorado weekly refresh.

ModivCare acquired VRI Intermediate HoldingsMarking its third acquisition over the span of three months, the healthtech company is adding VRI to its ranks for its nationwide remote patient monitoring platform. ModivCare provides services like medical transportation, meal delivery, and personal and home care. It’s planning to leverage VRI’s tech to deliver a more connected care experience to its users. The company is also hiring for a range of Denver-based positions. [Built In Colorado]

Reserve Trust secured $30.5MThe fintech company works with businesses that embed domestic and cross-border B2B payments, and it’s equipped with a Federal Reserve master account that lets it move customers’ money without being connected to a traditional bank. With its Series A funding led by QED Investors, Reserve Trust is planning to create new services, APIs and payment platforms for its customers. It’s also doubling its 30-person headcount over the next six months. [Built In Colorado]

Colorado Tech Quote of the Week

“Tetra has been a gamechanger for incorporating insights from qualitative research into our product. User research has become an increasingly critical part of how we prioritize and design new product features. Tetra allows us to find and share insights from this data in intuitive ways. Our team is now using Tetra to share these direct customer insights throughout our product development process.” —Kevin Niparko of Segment, a Tetra Insights customer

Tetra Insights pulled in $5MWith its platform that transcribes video and audio files, Tetra helps UX designers, product managers and the like better their customer experiences by automating their research operations and streamlining data analysis. The Boulder-based startup raised a Series A round led by Access Venture Partners to develop its tech and hire 20 new people over the next year. [Built In Colorado]

Healthgrades rebrands to Mercury HealthcareThe Denver-based company’s platform connects patients to medical professionals. After being acquired by RV Health, next for Mercury Healthcare is focusing on its software solutions. The company’s healthcare marketplace platform, now combined with RV’s health information property, is aiming to modernize the online health space. [Built In Colorado]

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