June was a busy month for deals in Colorado, with more than $130 million in funding across 15-plus deals going down across the state.
We cover funding rounds, acquisitions and other transactions in our daily newsletter, The Beat. You can sign up for that here and we gathered some of the state’s top fundings from June in a roundup below.
Boulder instant tea startup Cusa Tea announced a $2.5 million Series A round of financing, led by Boulder’s Break Trail Ventures and S Cap. Organic X Labs, Smart Capital and Service Provider’s Capital also participated in the round. The investment brings Cusa Tea’s total funding to $3.6 million. Founder Jim Lamancusa said the funding will allow the company to continue its marketing push, expand its product line into other instant beverages and hire additional employees. Cusa currently has three full-time employees and hopes to more than double that in the next year. More here.
Denver's RxRevu closed a $15.9 million Series A funding round led by UCHealth, a Colorado-based nonprofit health system. RxRevu's electronic health record-integrated technology allows healthcare professionals to consider factors like a patient's medical history, individual insurance coverage and out-of-pocket cost that patients will pay at their local pharmacy when making prescribing decisions. For more than two years, UCHealth’s CARE Innovation Center has worked closely with RxRevu, developing and testing the technology together and integrating it into the electronic medical record system. More on RxRevu's Series A in our story here.
Matillion closed a Series C round at $35 million that will allow the company to extend the capabilities of its flagship product line, Matillion ETL. Matillion, which is dual-headquartered in Manchester, UK and Denver, provides data transformation software for cloud data warehouses. The software is used by more than 550 customers across 40 countries, including global companies like Bose, GE, Siemens, Fox and Accenture. More on Matillion's Series C and growth plans in this Denver Biz Journal story here.
Boulder's KelSie Biotech announced that it has closed the first portion of $5 million in Series A funding led by Salveo Capital, a cannabis-focused investment firm, with participation from LA-based Arcadian Capital and other investors. More on the funding here.
Denver's Medicine Man Technologies announced that it has closed the first phase of a $14 million strategic investment from Dye Capital to further its recent growth. Medicine Man Technologies is an integrated operator in the cannabis industry, offering consulting, retail pharma-grade products and solutions for cannabis cultivators for over a decade. With the investment, Medicine Man will expand its brand presence, scale product development, retail innovation, operational capabilities and corporate infrastructure, according to a release. More on the funding announcement here.
Denver-based aerospace company Vita Inclinata, a startup developing stability solutions for helicopter hoisting and sling load missions, raised nearly $2 million of an $8 million equity funding round, according to a Form D filing.
Denver's GrowGeneration, a hydroponics and gardening retail company, raised nearly $8 million of a $12 million equity funding round, according to a Form D filing.
Aurora-based Taiga Biotechnologies, a clinical stage company focused on improving blood stem cell transplantation, raised $3 million of a $14 million equity funding round, according to a Form D filing.
San Francisco startup Skupos, a data platform for convenience stores, announced that it has raised a $26 million Series B and has plans to add more than 120 jobs in Denver. The round was led by Insight Partners, with participation from Unilever Ventures, Tao Capital and prior backers Toba Capital, Dynamo Ventures and Loup Ventures. To date, Skupos has raised $37 million in venture capital. The company was founded in 2016 by Jake Bolling, Mike Glassman and Linh Nguyen and collects point of sale data in real-time to provide a foundation for data-driven decisions in the convenience retail industry. More here.
Willow Industries, a Denver-based developer of cannabis and hemp decontamination technology, raised $2 million. AFI Capital Partners and Welcan Capital co-led the round, and were joined by investors including Halley Venture Partners and Flatiron Venture Partners. More here.
Loveland-based spacecraft parts manufacturer Opterus Research and Development has received a $250K grant from the Colorado Office of Economic Development and International Trade Advanced Industries Accelerator Grant Program. Opterus creates and manufactures critical components for spacecraft structures, some of which were successfully flown on eight spacecrafts in 2018. The company is currently taking part in Colorado Springs' Catalyst Space Accelerator and will use the funding to further development on its deployable antenna programs. More here.
Pfizer has agreed to acquire Array BioPharma, a Boulder-based maker of cancer treatments, for roughly $11 billion. More on the acquisition here.
Grand Junction-based ProStar GeoCorp, a mapping software startup, raised $3.5 million in a new round of equity funding, according to a Form D filing.
Erie-based Elementum 3D, a 3D printing materials R&D company, raised over $6 million in an equity funding round, according to a Form D filing.
Ethopass, a Boulder startup creating an authentication solution without usernames and passwords, has raised $350K of an $800K funding round, according to a Form D filing.
TekDry, a Denver startup that saves wet smart devices, raised $675K of a $3 million equity funding round, according to a Form D filing. TekDry has developed machines that create a vacuum sealed, heated space that turn the water in/on your phone into gas that then evaporates. The company, previously featured on Shark Tank, has machines inside Staples locations across the country.
Denver-based Parsyl, a supply chain startup focused on vaccine storage, raised just over $15.5 million in equity funding, according to a Form D filing. You may remember that Parsyl was named a Colorado Inno Startup to Watch in December. Check out the full list here.
