Terra CO2 Raised $46M, Gentech Was Acquired, and More Colorado Tech News

Catch up on the latest developments from the Colorado tech sector.
Written by Ashley Bowden
July 18, 2022Updated: July 18, 2022
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Tech companies are deepening their roots in Colorado’s innovation scene with new offices and fresh funding rounds. Read up on which companies are furthering their business growth in the Centennial State with the Built In Colorado Weekly Refresh. 

Five companies have opened local offices this year. Attracted to the thriving Colorado tech scene, these five companies include homegrown companies as well as companies based in other states, like Massachusetts’ Dynatrace or California’s Esri. [Built In Colorado]

Latino Leadership Institute kicked off a new accelerator. The Denver-based nonprofit launched its Latino Entrepreneur Access Program, a year-long business accelerator geared toward Latinx entrepreneurs and people of color. The cohort features 10 businesses, including Juntos2College, Content Machine and Delores Digital. The startups will have access to coaching from 50 Latinx mentors over the course of the program. [Colorado Inno]

colorado tech quote of the week

“Terra’s technology is unique in its ability to produce the same consistent product from a growing menu of silicate type feedstocks, the most common rock on the earth’s surface. Scalable, easily available, and cheap feedstocks are essential for any new product looking to bring more environmentally friendly cost-competitive solutions to this market.” — Bill Yearsley, president and CEO of Terra CO2

Terra CO2 raised $46M. The Golden-based company offers a low carbon alternative for cement production with the goal of reducing greenhouse emissions. The company’s Series A round, led by Breakthrough Energy Ventures and LENX, will help Terra fuel research and development, scale its organization and further commercialize plant tech to support the manufacturing of its future products. Its funding to date totals $61 million. [Business Wire]

Posterity Health got $6M. Specializing in male fertility, Posterity Health offers patients infertility treatments, as well as services like pregnancy loss consults and vasectomy reversals. The company secured seed funding led by Distributed Ventures to hire additional healthcare providers, further its technology roadmap and expand its presence into another 10 states within the next year. [Built In Colorado]

Gentech was acquired. The Centennial-based company was acquired by Softek, a provider of capital and credit management solutions. Gentech provides tech and software services for the financial industry. By combining their respective solutions and building out the platform, the companies aim to help firms better navigate through regulatory challenges. [Business Wire]

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