Colorado’s Top Tech Funding Rounds Totaled $48.2M in August

Check out how the companies that secured last month’s largest venture sums are investing their capital.

Written by Ashley Bowden
Published on Sep. 01, 2023
Colorado’s Top Tech Funding Rounds Totaled $48.2M in August
A photo of the Denver skyline.
Photo: Shutterstock

Venture funding in the central U.S. has been particularly quiet as of late. However, several companies from the Centennial State announced new capital raises in August. From enterprise technology startups to a biotechnology innovator, find out which local companies are growing.

 

Top Colorado Tech Funding Rounds, August 2023

  1. Prins
  2. Beamer
  3. Divirod
  4. Cascade Biocatalysts

     

    #4. $2.6 million, August 22 

    Denver-based biomanufacturing startup Cascade wants to make the industrial use of enzymes more affordable, ultimately facilitating an industry-wide transition to greener chemical manufacturing. The company pulled in $2.6 million in a pre-seed round led by Ten VC that it plans to put toward piloting its solution and building a customer base.

     

    #3. $3.6 million, August 4

    The Boulder-based company equips enterprises with real-time flood management and water risk analytics. With a new round of bridge funding from lead investors GHD, Thin Line Capital and TDK Ventures, Divirod plans to grow its team, consolidate product definition, strengthen sales and marketing efforts and develop analytics for water risk prediction.

     

    #2. $20 million, August 17

    Serving business customers, Beamer offers no-code product engagement tools to help companies facilitate better communication and feedback with their end users. Beamer received a $20 million equity investment from Camber Partners to expand its offering and enhance its platform’s value.

     

    #1. $22 million, August 21

    Headquartered in Lakewood, Prins developed an AI-driven digital persona training product that leverages blockchain tech to let businesses create unique digital identities. The company announced a Series A round from investors like Base 10, Kleiner Perkins and Paradigm that it plans to put toward advancing its deep learning tech, expanding its team and enhancing marketing and sales efforts.

    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 August 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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