Mubadala pledged to invest up to $500M in Denver-based Cologix. Mubadala Investment Company is Abu Dhabi’s global investment firm with a $229 billion portfolio. It signed a deal to invest up to half a billion dollars in Cologix, which is a company that helps build and manage data centers. Stonepeak Infrastructure Partners remains the company’s biggest investor, however. [Press release]
Fivetran raised a $44 million Series B funding round. Fivetran is a data analytics company that helps its customers automate data integration. The company is based in Oakland, California but recently opened an office in Denver. The Denver office has over 50 employees, and Fivetran plans to use the new funding to help grow that number by 2-3x over the next year.
Nextdoor partners with Handy, HomeAdvisor and Thumbtack. Through the partnership, the companies will be able to integrate into the Nextdoor platform and use it to connect customers with local service professionals. Handy and HomeAdvisor are both owned by ANGI Homeservices Inc., which is also the parent company of Angie’s List and headquartered in Denver. [Press release]
Denver-based Pivot Energy is expanding to New Mexico. Pivot Energy is a solar energy company that has created a distributed energy platform for commercial solar use. The company is eyeing New Mexico for expansion since the state recently passed the Energy Transition Act, which aims to make the state run on 100 percent renewable energy by 2045. [Press release]
Duda is staffing up in Louisville following a $25 million funding round. The Bay Area company’s core offering is a website building platform for publishers, hosting companies, agencies and SaaS startups. The company told American Inno that its Colorado location has proved beneficial in connecting with customers in these verticals. [American Inno]
Car2Go is leaving Denver. The German ride-sharing service announced on Friday that it was leaving Denver and four other U.S. cities. The company’s services will officially end in Denver at the end of October. The company will be refocusing its efforts on expanding in Washington D.C. and New York City. [Denver Post]
