Funding-wise, Colorado tech hasn't had the best year. And with the holidays upon us, December might not lead to too many massive rounds.
Nonetheless, the community still had a strong November, bolstered by $45.2 million coming in on the last day of the month. It may not seem like much compared to October's $160 million, but considering the bulk of that came from PaySimple's $115 million round, November wasn't too shabby.
In total, Colorado startups raised $68.9 million in November — here are the top five rounds:
5. TermScout, $2 million, Nov. 17
Investors: Not disclosed.
What they do: TermScout's platform takes sales data and refines it to make it more useful for lead generation and follow-through. It works with big CRMs like Salesforce to filter out the most useful information.
Recent news: The company is currently adding to its operations team.
4. Firepoint, $2.3 million, Nov. 22
Investors: Not disclosed.
What they do: Firepoint’s solution seeks to be a one-stop-shop for real estate agents. Their platform supports lead generation, team management and reporting.
Recent news: The company was recently featured in REALTORmag on a list of Colorado companies fostering disruption in the real estate industry.
3. P2Binvestor, $7.7 million, Nov. 15
Investors: Rockies Venture Club and Future Venture Capital.
What they do: P2Bi gathers money from accredited investors and then offers smaller loans to companies that are typically growth stage.
Recent news: The company plans to use the funds to scale operations, including more investments in technology, marketing and sales.
2. VictorOps, $12.2 million, Nov. 30
Investors: Shea Ventures, Foundry Group and Costanoa Venture Capital.
What they do: VictorOps’ platform allows for real-time incident management and enables collaboration between IT and DevOps teams.
Recent news: The company plans to hire 15 to 25 people in 2017 after experiencing a 64 percent increase in its customer base.
1. SendGrid, $33 million, Nov. 30
Investors: Bain Capital Ventures, Foundry Group, Bessemer Ventures and SofTech Ventures.
What they do: SendGrid makes it easier for companies to send emails, using their cloud-based email communication platform, APIs and scalable email sending infrastructure.
Recent news: The company recently launched a product designed to improve email marketing, along with an expert services option.
Photos via featured companies and social media.
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