Venture funding in the Colorado tech scene was relatively slow last month, mirroring trends in other markets. The Centennial State’s five largest tech funding rounds totaled $321.5 million in June, which is a 44 percent drop-off from May’s total of $573.7 million. Read on to find out which companies raised funds and how they plan to use their fresh capital.
#5. $5.5 million, June 8
Virridy, a Boulder-based environmental tech company, secured $5.5 million in Series A financing for its sensors that measure rainfall. After a decade of measuring the water supply in Africa, the company will turn its focus toward preventing drought in the western U.S.
#4. $6 million, June 27
Longmont-based Fermyon Technologies secured $6 million in seed funding. Fermyon offers a cloud computing with WebAssembly PaaS that will allow developers to build microservices faster, according to the company.
#3. $10 million, June 8
TestBox raised $10 million in seed round funding in June. An early-stage startup, TestBox aims to make it easier to test software that companies might want to purchase for their own environment, according to TechCrunch.
#2. $125 million, June 23
Housecall Pro raised $125 million from Permira Growth Opportunities and Vista Credit Partners. Aimed at helping home service professionals, Housecall Pro’s platform helps service providers with scheduling, payments and more.
#1. $175 million, June 2
Guild Education secured $175 million in a Series F round, bringing its valuation to $4.4 billion, according to the Denver Business Journal. Among the additional investors is Oprah Winfrey. Guild Education connects a company’s employees with various education partners for continued education and training.
