The weather might have taken a cooler turn with some welcomed rain in parts of the state over the weekend, but there’s excitement in Denver as the Colorado Avalanche captured their third NHL Stanley Cup on Sunday. A lot of good news came out of the local tech scene too with company launches, funding rounds, acquisitions and more. Catch up on the latest tech news with the Built In Colorado Weekly Refresh.
SumUp raised $624M. With the fresh infusion of capital, SumUp now stands at a valuation of $8.5 billion. Originally started a decade ago, the London-based company with an office in Boulder serves 35 markets and upwards of 4 million small and medium businesses. SumUp’s dongles transform smartphones to act as credit card payment terminals. The additional capital, which comes in the form of 50 percent equity and 50 percent debt, is aimed at future acquisitions and developing more organic products. SumUp also plans to add new staff to the current 3,000 employees and is actively hiring. [TechCrunch]
Gtmhub acquired Cliff.ai. Gtmhub, headquartered in Denver, assists companies with tracking objectives and key results (OKRs). Cliff.ai is a U.K. company specializing in tracking and analyzing irregularities in performance metrics. Gtmhub gained $120 million in Series C funding in December and now has $161 million in total capital raised. [Built In Colorado]
COLORADO TECH QUOTE OF THE WEEK
Wednesday was featured as a Built In Future 5 startup. Rather than written testimonials companies often use to recruit new employees, Wednesday utilizes video. Through the platform, HR teams select employees to respond to a series of questions and record their answers in selfie-style videos. These videos can be shared on a company’s career page and give potential job candidates an inside look at the company and its culture. The startup plans to raise a funding round later this year during its public launch. [Built In Colorado]
RxRevu rebranded as Arrive Health. Arrive Health focuses on providing cost transparency, accuracy and patient-specific insurance details. It also helps users find alternative options for low-cost, non-restrictive specialists, locations and medications. Arrive Health’s patient-centric mission is to “clear the way for better health.” The company works with 150 million patients and 300,000 providers. [PR Newswire]
Hue Health and Banner Health launched a primary care health plan. Launched by Hue Health, a direct primary care company, and Banner Health, a nonprofit healthcare system, 39North gets its name from the northern Colorado latitude that it serves. The self-funded advanced primary care plan aims to improve coordination for patient care to “ensure that all care is necessary,” according to a company statement. [PR Newswire]
