These 5 Colorado Tech Companies Raised the Most Funding in May

Backed with fresh capital, find out how these Centennial State tech companies are innovating in their industries.

Written by Cassidy Ritter
Published on Jun. 01, 2023
These 5 Colorado Tech Companies Raised the Most Funding in May
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Five local tech companies are preparing for a busy summer after collectively raising $294 million in May. Backed with fresh capital, find out how these Colorado tech businesses plan to grow, innovate and hire.

Largest Colorado Tech Funding Rounds, May 2023

  1. Strive Health
  2. OnKure Therapeutics
  3. Forge Nano
  4. Odyssey
  5. FLINTpro

 

#5. $9 million, May 18

Based in Australia with a U.S. headquarters in Fort Collins, FLINTpro’s software helps organizations understand the impacts and opportunities of land management decisions. The platform, which is used by those in finance and government, pulls a range of data to measure the land’s carbon, greenhouse gas emissions and natural qualities, such as soil and water. FLINTpro’s recent $9 million Series A round was led by Understorey Ventures.

 

#4. $15 million, May 19 

Boulder-based Odyssey is an all-in-one platform for managing distributed energy projects in emerging markets. The company also offers a digital tool to help renewable energy companies increase lead times, receive better pricing and unlock funds for necessary equipment. Let by Union Square Ventures, the recent $15 million Series A round will help Odyssey expand into Asia and Latin America. 

 

#3. $50 million, May 30  

Another Boulder-based company raised a $50 million investment last month. Forge Nano plans to use the new Series C capital to start construction on its second pilot plant. Founded in 2011, Forge Nano’s tech can extend the lifespan of secondary batteries.

 

#2. $54 million, May 23

OnKure Therapeutics is a clinical-stage biopharmaceutical company focused on developing precision medicines to target cancerous genes. With $54 million in Series C funding, OnKure will continue developing precision medicines, including an oral medicine to treat hematological and solid tumors.

 

#1. $166 million, May 31

With a focus on value-based kidney care, Denver-based Strive Health helps patients with chronic kidney disease reduce the cost of their care and time spent in a hospital. The company raised $166 million in a Series C round from NEA, CVS Health Ventures and other investors to partner with Medicare, insurance providers, physicians and healthcare systems.

Methodology: Built In tracked the largest funding rounds of the month using previous reporting, data from Crunchbase and articles from other publications and companies. This list highlights the five largest funding rounds raised in May 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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