Denver Startup Week wasn’t the only thing taking place around the Mile High City last week. Several entrepreneurs and tech companies were raking in fresh capital, being acquired and launching new integrations. Catch up on the news you might have missed with the Built In Colorado Weekly Refresh.
Pie Insurance secured $315M. Dual-headquartered in Denver and Washington, D.C., Pie Insurance provides workers’ compensation insurance to small businesses. The company’s recent Series D round brings its total funding raised to date to over $615 million. It is also said to be the largest round of funding for a U.S.-based property and casualty insurtech company this year. The fresh funds will be used to scale its team. [Built In Colorado]
MedGeo Ventures pulled in $4M. Greenwood Village-based MedGeo created a map-based career platform for medical associations. With fresh capital and a joint venture agreement with physician recruitment firm Jackson Physician Search, MedGro is ready to grow its footprint. MedGeo’s platform also lets users speak with employers before applying for a job and view compensation expectations. [Built In Colorado]
Colorado Tech Quote of the Week
Random Games raised $7.6M. The Boulder-based studio aims to create a video game franchise called Unioverse where players can use the music, characters and other assets in their own games, movies and books without paying any royalties. Random Games founders previously worked at other gaming studios and data startups, and team members have worked on big-name games like Resident Evil 2 and the Call of Duty franchise. The company plans to use its fresh capital to grow its team, which currently consists of 50 people. [Built In Colorado]
Mashey was acquired. Chicago-based Analytics8 acquired the Denver-based data analytics consulting company for an undisclosed amount. Analytics8 said the acquisition will help the company provide data services to its clients, enhance partnerships with vendors and offer career development opportunities for its staff. Analytics8 is a data and analytics consulting firm that focuses on developing, designing and releasing new data solutions. Mashey, on the other hand, focuses on modern data technology. [PR Newswire]
A Denver Startup Week panel discussed how to advance Denver’s tech scene. The pandemic led several tech startups and white-collar employees to move to the Mile High City, but experts say the city has work to do to become a big tech hub like San Francisco. Some executives at the panel focused on the need to develop more local talent while also offering training opportunities for skilled tech workers. Other panelists said lawmakers need to do more to support the startup community here and that the city should improve its “consumer-facing tech.” [Axios Denver]
Smarter Sorting teamed up with Feeding America. Smarter Sorting is a sustainability and consumer goods company that helps brands classify the ingredients of consumer products and reduce waste. The company recently launched a new integration with Feeding America to help more businesses donate to hunger-relief organizations. Last month, Smarter Sorting raised $7 million and said it had plans to grow its team by 20 percent. Smarter Sorting is based in Austin but has offices in Boulder and Los Angeles. [PR Newswire]
