A few Colorado tech startups secured new venture funding last week, and some companies are making new moves. Read more to find out the latest. This is the Built In Colorado weekly refresh.
JumpCloud got $25M. The new capital marks the close of the Denver-based software company’s Series E, totaling the round at $100 million. Its platform provides users with a cloud-based management solution for employees’ identities and devices. JumpCloud plans to invest the funding in global expansion of its product development, marketing, and sales. [FinSMEs]
LogRhythm acquired MistNet. With the acquisition of the threat-detection analytics platform, the Boulder-based company plans to deliver new capabilities on its platform for security professionals. Among these capabilities are machine learning-based detection and response and other tools to solve new security and risk issues. [LogRhythm]
Colorado Tech Quote of the Week
Neat Capital raised $22.5M. Based out of Boulder, this company is aiming to lessen the workload on those applying for mortgage loans with its platform that automates processes like property pricing and underwriting. The Series B funding round was led by Left Lane Capital, bringing Neat’s total funding to $87 million. The cash will help to establish new distribution sources, scale its operations and increase its staff. [Built In Colorado]
Colorado venture funding spiked near record highs in 2020. Nationwide, venture investments reached a record high in 2020, hitting a 14 percent increase over 2019. According to a new PwC report, companies in the state of Colorado collectively raised about $2.3 billion last year, and they secured $858 million of this amount in Q4 alone. This trend may continue as more companies relocate to the state. [Built In Colorado]
Kiln opens a new Boulder coworking space. Situated on Boulder’s iconic Pearl Street, Kiln’s new location is a stylish conglomeration of several pre-existing structures. The interior of the 22,000-square-foot space features modern furnishings and work desks of various styles. Kiln also offers its members on-site, work facilitating amenities like a podcast studio and a rooftop deck. [5280]
