Bolstered by a $500 million deal for Denver's Cologix and an IPO debut for Ping Identity, September was a busy month for deals across Colorado.
With those two moves as headliners, we tracked 17 local deals totaling nearly $570 million in funding this month.
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 September in a roundup below:
Westminster's Dapix, a startup aiming to make moving blockchain tokens and coins from one wallet to another more simple, raised nearly $5.5 million, according to a Form D filing. Dapix was named a Colorado Inno Startup to Watch in December. Full list here.
Fort Collins-based Husk Power Systems, a company that develops and operates small hybrid power plants, landed an additional $5 million in funding for a round capped at $35 million, according to a Form D filing. The round currently sits at $25 million from four investors.
Following a January launch, Denver’s Zestful has on-boarded more than 100 companies across 14 countries to its perks platform and is back with another major funding play. The company announced a $5 million seed round led by Thrive Capital, with additional participation by Box Group, Y Combinator, Matchstick Ventures, Third Kind Capital and Shrug Capital.
InDevR, a Boulder-based biotech startup focused on vaccine process optimization and manufacturing, announced that it has raised a $7 million Series A led by New York's Adjuvant Capital. More here.
Denver-based Orderly Health, a startup focused on improving provider data accuracy, raised an additional $600,000 to reach $1.5 million in its current round, according to a Form D filing. More on the company's recent pivot here.
Boomtown Accelerators alum Mindpass, a password management software startup, raised $500,000 in equity funding from one investor, according to a Form D filing.
Boulder's Unsupervised.com, an AI analysis startup, landed $12.75 million in equity funding, according to a Form D filing.
Lafayette's Front Range Biosciences, a tech provider for the breeding and production of new plant varieties and seeds in hemp, coffee and regulated cannabis industries, announced that it has completed an $8.5 million insider round. Key investors included Militello Capital, Welcan Capital, AFI Capital, Phyto Partners, Harvard Business School Alumni Angels of New York and many others. The round increases the pace of expansion for its Clean Stock program, breeding program and intellectual property portfolio. More here.
Boulder's IDmission, a biometric enrollment and authentication startup, raised $1.5 million in an equity funding round, according to a Form D filing.
Denver's Ping Identity debuted on the NYSE this month, opening at $18.75 on its first day of trading, 25 percent higher than its initial public offering price. The identity security company raised $187.5 million in its IPO before trading started began. Its stock was trading at $18.90 around publication time. More on its debut here and a smashed gavel here.
Denver's ThrivePass, a startup building an employee benefit management platform, raised $3 million in equity funding, according to a Form D filing.
Denver's Cologix, a network-neutral, interconnection and hyperscale edge data center company, announced that Abu Dhabi-based Mubadala Investment Co. has signed an agreement to invest up to $500 million in the company, subject to various regulatory approvals. Mubadala's investment is in partnership with Stonepeak Infrastructure Partners, which will remain the majority shareholder in Cologix. With the funding, Cologix will continue its push to meet demand for data centers that provide access to latency consistent, robust interconnection hubs throughout the U.S. and Canada. More here.
Flashback Technologies, a startup developing a new vital sign that monitors a patient’s blood volume, raised $800,000 of a $4.3 million equity funding round, according to a Form D filing. More on the company's mission in our story here.
Coming off a $25 million growth equity round, web design startup Duda is looking to grow, not only in its Bay Area HQ and global offices, but here in Colorado as well. Duda, a web design platform for digital agencies and SaaS platforms, announced the funding from Susquehanna Growth Equity. The company will use the financing to accelerate sales and marketing efforts and continue growing its research and development team. More here.
Denver's Apto, a real estate CRM software startup, raised $5 million in equity funding, according to a Form D filing.
Local coding school and coworking giant Galvanize raised $13.5 million of a $15.5 million equity funding round, according to a Form D filing.
