Colorado has not only seen an increase in the number of tech startups calling the state home but also an uptick in the amount of capital raised. In 2021, 10 tech startups collectively raised $3.04 billion — up from the $695 million raised in 2020.
Although a significant amount of funding raised in 2021 comes from Sierra Space, two companies are appearing on this list for the second year in a row.
Keep reading to see how these companies plan to grow in 2022 and beyond.
#10. $140 million, March 16
Strive Health, a national leader in value-based kidney care, combines technology and high-touch patient care to provide better healthcare with less cost. The company raised a $140 million Series B round led by CapitalG, allowing Strive Health to continue providing its whole-patient solution. Strive Health has raised $223.5 million since launching in 2018.
#6 (tied). $150 million, February 22
Outside, formerly known as Pocket Outdoor Media, publishes active lifestyle content through a range of mediums from various brands. Outside gained a $150 million Series B round led by Sequoia Heritage allowing Outside to expand its range of services and audience.
#6 (tied). $150 million, January 7 and December 16
Denver-based Gtmhub offers an OKR platform that helps companies and employees align their goals. The $120 million Series C round raised in December is one of Gtmhub’s largest funding rounds and comes just after the company raised a $30 million Series B in January. The recent funding allows Gtmhub to scale and expand its software and double the size of its team.
#6 (tied). $150 million, June 2
Guild Education partners with employers to provide education-based benefits, helping to not only retain and recruit staff but prepare them for future careers. A $150 million Series E round raised in June allows Guild Education to double its product and engineering team and focus on its payment platform.
#6 (tied). $150 million, July 28
SonderMind is a telehealth platform helping users bypass the hassle of searching for a therapist. The company hit unicorn status after raising a $150 million Series C round that allowed SonderMind to continue its mission of helping people find the counseling they need. SonderMind currently has some tech openings available.
#4 (tied). $200 million, January 7
Quantum Metric closed a $200 million Series B round led by Insight Partners at the beginning of the year that brought the company’s valuation to more than $1 billion. Quantum Metric has gained popularity for being a “continuous product design” platform, gathering quantitative data to improve customer experience and provide better products. The funding round will be used to further develop the company’s product and hire additional staff.
#4 (tied). $200 million, March 3
DispatchHealth’s platform allows people to recieve on-demand medical care sent to their homes while also providing services at a lower cost than a regular visit to the ER. The Denver-based company raised $200 million led by Tiger Global to expand its services. The Series D round also brought DispatchHealth’s valuation to $1.7 billion.
#2 (tied). $250 million, February 16 and September 15
Matillion is helping companies who switched to remote work manage their data by providing a cloud-native data integration and transformation platform. Matillion raised $100 million in a Series D funding round led by Lightspeed Venture Partners in February. The Denver- and U.K.-based company raised another $150 million in September, bringing its valuation to $1.5 billion.
#2 (tied). $250 million, January 12, September 13 and October 19
JumpCloud is an alternative to Microsoft’s Active Directory — a cloud-based, secure platform for IT professionals. The Louisville-based company raised $25 million last January followed by a $159 million Series F round in September. In October, JumpCloud extended its Series F round by an additional $66 million. The Series F allows the company to focus on “deep integration work” with Atlassian and CrowdStrike, both of which participated in the round. Now valued at $2.625 billion, JumpCloud currently has many remote jobs available.
#1. $1.4 billion, November 19
According to Sierra Space, the company raised the second-largest private capital raise in the history of the aerospace and defense sector at $1.4 billion. The company has also partnered with Blue Origin to develop a commercial space station. The station will be called Orbital Reef which will be a mixed-use business park for research and commercial customers.
Funding data are compiled from SEC filings, press releases, confirmed news reports and other public databases. Funding includes venture capital and private equity announced during 2021, but excludes acquisitions and debt financing.
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