Fanatics Got $325M, Gusto Raised $175M, and More Colorado Tech News

by Ashley Bowden
August 16, 2021
photo: shutterstock

A couple of companies in the Centennial State closed on nine-digit funding rounds last week. With all that fresh capital, find out what the future holds for Colorado tech. This is the Built In Colorado weekly refresh.

Pipeline received a new investmentThe company provides organizations with an AI-powered SaaS platform that works to eliminate unconscious gender bias and increase financial performance. Pipeline just landed an investment of an undisclosed amount from Accenture Ventures to further its mission of closing the gender equity gap. Pipeline also joined Accenture’s Project Spotlight program to help adapt its tech to the enterprise market. [Built In Colorado]

Gusto pulled in $175MOperating a platform that works to help SMBs with things like payroll, health insurance and 401(k)s, Gusto is preparing to fuel company growth. It announced the close of its Series E funding round led by T. Rowe Price Associates that brings its valuation up to $9.5 billion. With the capital, Gusto wants to scale its business. It’s also scaling its team with 80 Denver-based positions listed on its website. [Built In Colorado]

Colorado Tech Quote of the Week

“Fanatics is now expanding from being a leading vCommerce [or vertical commerce] company to becoming a leading global digital sports platform — which will expand the company’s extensive rights-holder relationships and deploy one of the best databases in sports — to create the ultimate one-stop-shop for sports fans globally.” —Fanatics

Fanatics pulled in $325MValued at $18 billion following this latest investment from names like Jay-Z, SoftBank and Insight Partners, the sports merchandise company is looking to expand its product offerings into the digital space. Through Candy Digital, Fanatics plans to add sports betting, iGaming, media and NFTs to its platform and is largely expanding its company through business integrations to achieve this. The Florida-based company has a sizable and growing presence in Boulder. [Built In Colorado]

GoodBuy Gear expands into PhiladelphiaBased in Denver, the company developed an online marketplace for parents to buy and sell quality used gear for babies and children. As it expands to its largest fulfillment center location to date, GoodBuy will be able to provide pick-up and drop off services for its Philadelphia-area customers. The company also operates in Denver, Houston and Dallas. [PR Newswire]

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