These 5 Colorado Tech Companies Raised the Most Funding in May
Five local tech companies are preparing for a busy summer after collectively raising $294 million in May. Backed with fresh capital, find out how these Colorado tech businesses plan to grow, innovate and hire.
Largest Colorado Tech Funding Rounds, May 2023
- Strive Health
- OnKure Therapeutics
- Forge Nano
#5. $9 million, May 18
Based in Australia with a U.S. headquarters in Fort Collins, FLINTpro’s software helps organizations understand the impacts and opportunities of land management decisions. The platform, which is used by those in finance and government, pulls a range of data to measure the land’s carbon, greenhouse gas emissions and natural qualities, such as soil and water. FLINTpro’s recent $9 million Series A round was led by Understorey Ventures.
#4. $15 million, May 19
Boulder-based Odyssey is an all-in-one platform for managing distributed energy projects in emerging markets. The company also offers a digital tool to help renewable energy companies increase lead times, receive better pricing and unlock funds for necessary equipment. Let by Union Square Ventures, the recent $15 million Series A round will help Odyssey expand into Asia and Latin America.
#3. $50 million, May 30
Another Boulder-based company raised a $50 million investment last month. Forge Nano plans to use the new Series C capital to start construction on its second pilot plant. Founded in 2011, Forge Nano’s tech can extend the lifespan of secondary batteries.
#2. $54 million, May 23
OnKure Therapeutics is a clinical-stage biopharmaceutical company focused on developing precision medicines to target cancerous genes. With $54 million in Series C funding, OnKure will continue developing precision medicines, including an oral medicine to treat hematological and solid tumors.
#1. $166 million, May 31
With a focus on value-based kidney care, Denver-based Strive Health helps patients with chronic kidney disease reduce the cost of their care and time spent in a hospital. The company raised $166 million in a Series C round from NEA, CVS Health Ventures and other investors to partner with Medicare, insurance providers, physicians and healthcare systems.