These 5 Colorado Tech Startups Raised the Most Funding in March
These five Colorado tech startups, ranging from energy and real estate to cybersecurity, raised the most funding in March. In total, these companies raised $74.5 million. Keep reading to see which company pulled in the most cash.
#5. $5.5 million, March 15
Boulder-based Copper Labs created a device and solution to track energy usage. The company raised $5.5 million in a Series A round led by Clean Energy Ventures that will be used for hiring throughout the year.
#4. $7 million, March 8
Proof Technology uses geolocation along with machine learning to connect legal workers and law firms with process servers who deliver legal documents. The company raised $7 million in a Series A round co-led by Blue Heron Capital and The LegalTech Fund with Crossbeam Venture Partners, Clio Ventures and Forward VC contributing.
#3. $8 million, March 10
CaliberMind’s platform provides a more holistic analysis of revenue data for B2B marketing professionals. The Series A was co-led by IAG Capital Partners and Lavrock Ventures, with participation from Bombora CEO Erik Matlick and Denver Angels. The fresh capital will be used for product development. The company will also hire for its engineering and go-to-market teams.
#2. $26 million, March 24
Flock Homes helps landlords gain portfolio shares in exchange for their properties. The Denver-based company raised $26 million in a Series A round led by Andreessen Horowitz. The funds will go toward hiring efforts as the company plans to double its 20-person team this year.
#1. $28 million, March 16
Denver-based Todyl is a cybersecurity and networking platform for small to medium-sized businesses. The company raised a Series A round last month and revealed the latest version of its security platform. Todyl also plans to double its current 19-person team.