Stream reels in $3M in fresh funding
Boulder-based tech company Stream announced this week the closing of a $3 million funding round. The latest round was led by Arthur Ventures, with support from Galvanize, Techstars and others, bringing the company’s total funding to date to $4.75 million. Committed to open source culture and laser-focused on product quality, performance and reliability, Stream plans to use the new capital to accelerate innovation and product development and continue growing its team in Colorado. [Built In Colorado]
MassRoots raises $1.2M for marijuana industry social media platform
MassRoots is well known for its popular social network for marijuana dispensaries and enthusiasts. Recently, the Denver-based startup announced that it has secured $1.2 million in private equity funding. According to the company, financing came from CEO Isaac Dietrich and several unnamed investors. MassRoots plans to use the funds to expand point-of-sale and regulatory compliance market share, especially in California. [Denver Business Journal]
Denver-based Swisslog Healthcare acquires Talyst Systems
Local healthtech company Swisslog Healthcare announced on Tuesday plans to acquire Seattle-based Talyst Systems. The acquisition is strategic for both companies, combining their joint expertise in transport and pharmacy automation solutions. The news comes just behind another announcement that Swisslog signed the lease on a new 100,000 square foot office space in Westminster, where it plans to expand operations and hire new employees. [Built In Colorado]
TeamSnap announces acquisition of Seattle-based Korrio
For the second time this summer, sports management app TeamSnap has acquired a competitor. This time, the company has acquired Seattle-based Korrio and, in doing so, substantially expanded its customer base. The terms of the deal were not disclosed, but we expect to see TeamSnap continue to dominate the youth sports league management industry. [Press release]
UpRamp announces second accelerator cohort
On Monday, CableLabs’ UpRamp accelerator introduced its second cohort of later-stage startups focused on the global cable, broadband and wireless industries. This year’s Fiterator class encompasses cybersecurity, assistive device technology, AI chatbots and P2P video streaming. The program lasts for three months and aims to help more established tech businesses perfect their offerings and land deals in the industry. [Announcement]
Vertafore launches QQCatalyst Salesroom for agencies
Insurance tech firm Vertafore launched a new product called QQCatalyst Salesroom. The sales and CRM tool integrates with the QQCatalyst platform, which is a paperless management system for small agencies. The company relocated its headquarters from Washington to Denver in May, with plans to hire 300 new employees in the process. [Press release]
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