A new HQ is moving to the Centennial State and companies are joining forces to facilitate growth. Find out what else is new from the Colorado tech sector. This is the Built In Colorado weekly refresh.
GeoX Energy got $11M. The Fort Collins-based geothermal startup announced the investment from energy tech company Nabors. GeoX is currently building a 50 MWn supercritical geothermal pilot project slated for completion next year. Its goal is to commercialize installment tech for supercritical geothermal power stations across the globe. [PR Newswire]
Inspirato to go public via SPAC. Having built hundreds of luxury vacation homes and five-star hotels, the company is looking to further its growth by entering the public sector. It’s merging with Thayer Ventures Acquisition Corp. in a deal set to close in Q4 this year. The transaction will value the company at $1.1 billion, and it plans to trade under the ticker symbol “ISPO.” [Built In Colorado]
Colorado Tech Quote of the Week
Melio opened a Denver HQ. The fintech company develops software that helps SMBs efficiently transfer and receive payments. After deciding between Arizona, Nevada and Texas, Melio settled on Colorado to establish its new headquarters. It’s aiming to bring 250 jobs to the state and is actively hiring across customer success and experience, sales and more. [Built In Colorado]
Veritone teamed up with ABG. Developer of AI operating system aiWARE, Denver-based Veritone announced a new partnership with marketing and entertainment company Authentic Brands Group. The arrangement allows Veritone to leverage its AI tech to monetize the expansive Sports Illustrated video archive. [Business Wire]
Bonusly exceeds $1M in donations. The sum is the result of 2,000 companies across the globe making donations to charities through the company’s reward catalog product. Some of the causes Bonusly users have contributed to include Lebanese Red Cross - Beirut Disaster Relief, Give India and Asian Americans Advancing Justice. [Bonusly]
