These Colorado Tech Companies Raised the Most Funding in 2023

Investors backed Colorado-based tech innovators with $816 million across the market’s largest rounds.

Written by Ashley Bowden
Published on Jan. 04, 2024
These Colorado Tech Companies Raised the Most Funding in 2023
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Photo: Shutterstock

The aerospace scene is thriving in the Centennial State. Of the five largest rounds raised in Colorado over the past year, three hefty sums went to companies working to build space-based solutions. Read on to learn how last year’s largest rounds could shape an upcoming year of growth for the Colorado tech scene.

Largest Colorado Tech Funding Rounds in 2023

  1. Sierra Space
  2. Strive Health
  3. Ursa Major
  4. Prins AI
  5. True Anomaly

 

#5. $100 million, December 12

Headquartered in Centennial, True Anomaly specializes in building hardware and software systems designed for sustainable space security. The company pulled in a round of Series B funding spearheaded by Riot Ventures to advance its products and services as well as expand its team. 

 

#4. $122 million, August 21 & October 2

Prins AI raised a total of $122 million in venture funding in 2023 across its Series A+ and Series B rounds. The company builds virtual experience solutions with a focus on AI digital human training, creating digital human identities for enterprises, brands and celebrities for use on TV, in brand marketing and other outlets. The Lakewood-based company plans to enhance its digital persona products and expand its team with the capital.

 

#3. $138 million, November 30

Developer of rocket propulsion technology Ursa Major secured a round of Series D-1 funding last year. The company will invest in developing its solid rocket motor program, Lynx, scaling its production capacity and advancing several other propulsion programs. Explorer 1 Fund and Eclipse led the capital raise.

 

#2. $166 million, May 1

Denver-based Strive Health provides patients with technology-enabled care solutions for kidney disease. Aiming to expand its reach to patients across the country, Strive secured a round of Series C funding led by investor NEA. The company is investing in its employee base and expanding its market reach with the capital.  

 

#1. $290 million, September 26

MUFG, Kanematsu Corporation and Tokio Marine & Nichido Fire Insurance co-led a round of Series B funding for Sierra Space, a Louisville-based developer of commercial space solutions. The company is working to build a spaceplane as well and an inhabitable space station. The company’s valuation has reached $5.3 billion. The latest capital injection is fueling global partnerships to help Sierra advance its work.

Methodology: Built In tracked the largest funding rounds of the year using previous reporting, data from Crunchbase and articles from other publications and companies. This list highlights the 5 largest funding rounds raised in 2023 by tech companies with a headquarters in Colorado. We only include venture capital and equity raises and do not include debt or post-IPO funding rounds in this list.

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