The five largest funding rounds raised by Colorado tech companies in February showcased the state’s tech diversity and featured companies large and small across various industries. Together these companies raised a combined $175.2 million, which just fell short of January’s total. Read on to learn how these companies plan on using their new funds.
Largest Colorado Tech Funding Rounds, February 2023
- Voyager Space
- SALT
- Bonusly
- PteroDynamics
- Intelligems
#5. $4.2 million, February 6
Intelligems is an e-commerce tool that helps brands find the best price point to sell their products to optimize their profits. The company closed a $4.2 million seed round co-led by Matchstick and Vinyl Capital. The funds will be used to grow Intelligems’ 11-person team and further develop its platform.
#4. $7.5 million, February 28
PteroDynamics got $7.5 million in funding from a round co-led by Kairos Ventures, Lavrock Ventures and CS Venture Opportunities Fund. PteroDynamics is based in Colorado Springs and designs aircrafts capable of vertical takeoff. The money raised will help the company develop larger versions of its aircrafts.
#3. $18.9 million, February 28
Bonusly is an employee rewards platform where workers can get gift cards for their outstanding work. Late into February, the company raised $18.9 million in a Series A round led by Ankona Capital. Bonusly plans to invest in its sales, marketing and go-to-market efforts following the recent rise.
#2. $64.4 million, February 7
Founded in 2016, Denver-based SALT is a blockchain startup that offers crypto-backed loans using crypto that other borrowers put up as collateral. The $64.4 million in funding will help the company develop new products. Prior to the investment, SALT planned on selling shares of the company to FTX.
#1. $80.2 million, February 3
Voyager Space raised the most money in February after it secured $80.2 million in new capital. Voyager Space, in partnership with Nanoracks, is developing a private space station that will replace the International Space Station. The fresh funding will further fuel this project. Voyager Space has also received funding from NASA to construct the space station.
