Colorado companies in sectors like legaltech, artificial intelligence and aerospace all announced fresh capital raises last month. The largest round went to a quantum computing innovator that’s valued at $5 billion. Read on to learn how these local tech companies are investing January’s top venture rounds.
Top Colorado Tech Funding Rounds, January 2024
- Quantinuum
- BillingPlatform
- Albedo
- Proof Technology
- Splash Inc.
- GolfForever
#6. $10 million, January 11
Aspen-based GolfForever offers an at-home training system that uses AI to help golfers improve their flexibility, core strength, balance and rotational power. The company pulled in a round of Series A funding led by Clerisy to fuel expansion. The company will research initiatives, athlete and retail partnerships and a mobile experience tour.
#5. $14.1 million, January 31
Splash, an entertainment platform for peer-to-peer sports strategy games, announced its Series A2 round from investors including Boston Seed and Velvet Sea Ventures. The company plans to invest in developing new game types, creating community and growing the commissioner economy which helps sports media personalities engage with and monetize their audiences.
#4. $30.4 million, January 26
Operating in the legaltech space, Proof’s solution leverages machine learning to help law firms file legal documents digitally. The company pulled in a Series B funding round led by Long Ridge Equity to fuel revenue growth, expand its electronic filing capabilities, enhance platform integrations and add more AI features to its solution.
#3. $35 million, January 23
The company builds very low earth orbit satellites that work to capture aerial-quality imagery from space. Denver-based Albedo announced a round of Series A-1 funding led by Standard Investments that brings its total capital raised to $97 million. Albedo will put the money towards launching its first operational satellite and accelerating constellation deployment.
#2. $90 million, January 24
Denver-based BillingPlatform equips companies with revenue lifecycle management technology. Its platform allows enterprises to monetize any type of product offering. Backed by $90 million in funding from FTV Capital, the company plans to fuel product development and a go-to-market expansion.
#1. $300 million, January 15
Headquartered in Broomfield, Quantinuum provides solutions that help businesses in sectors like materials discovery and cybersecurity to engineer and scale their quantum capabilities. The company secured a $300 million equity round at a $5 billion pre-money valuation to help fuel the development of fault-tolerant quantum computers.
