Despite not having a deal top $32 million, October was a busy month for funding for Colorado startups of all sizes, with an NBA superstar getting in on the local funding action.
Havenly's $32 million Series C was the headline deal for the month, with Flowhub's $23 million raise close behind. Guild Education also made noise with an undisclosed investment from Steph Curry's foundation.
We tracked 22 local deals totaling nearly $150 million in funding this month, compared to 17 deals totaling nearly $570 million in September.
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 October in a roundup below:
Denver's Spekit, a salesforce training startup, raised a $2.54 million seed round led by Bonfire Ventures with participation from Matchstick Ventures. More here.
BurstIQ, a Denver-based blockchain health care software startup, announced that it closed a $5.5 million Series A, led by Austin's Elsewhere Partners. More on the funding here.
Denver-based Flatfile, a startup providing tools to import, clean and organize customer data, announced its first outside funding round, a $2 million pre-seed round that will help spread the word about its data import solution. More here.
Coming off a string of recent awards, Denver-based commercial real estate software company Apto announced that it raised $5 million to further build out its platform. More here.
NBA superstar Stephen Curry announced an investment in Denver's Guild Education through his foundation SC30 Inc. The undisclosed investment supports the mission of Curry's newest venture, the Eat Learn Play Foundation. Guild partners with employers, including Walmart and Chipotle, to offer debt-free education as a company benefit. To date, the company raised $71.5 million. More on Curry's investment here.
Denver-based hemp company Fathom Processing raised $5 million in an equity funding round, according to a Form D filing.
A Denver-based cannabis company founded by NBA veteran Al Harrington raised $16 million to expand cultivation and distribution facilities in California and Detroit. The funding round in Viola was led by cannabis-focused PE firm Gotham Green Partners. More on the company and funding here.
Denver-based DarkOwl, a startup collecting, indexing and ranking actionable data from the darknet, raised $8 million in an equity funding round, according to a Form D filing.
Austin-based RigUp, a company that helps oil, gas and other energy sector companies find on-demand services and skilled labor, announced a $300 million funding round that moves it into unicorn status. With the funding, RigUp announced that it plans to expand its teams in Austin and Denver, and has about 50 jobs posted currently. Check out more on the funding from Austin Inno here.
Denver's Yaguara, a startup aggregating and presenting data for operational use, raised over $7 million in an equity funding round, according to a Form D filing. The company can be compared to a fitness tracker for businesses, focused on measuring and managing growth. Read more on Yaguara from our profile last year here.
Less than a month after announcing a new Denver HQ, cannabis tech startup Flowhub closed a $23 million Series A. Flowhub is a cannabis retail software company that helps dispensaries by delivering compliance, point of sale, inventory tracking and business intelligence data from a customizable platform. The oversubscribed round was led by e.ventures, Evolv Ventures — the venture fund backed by Kraft Heinz — and Poseidon, with contributions from investors 9Yards Capital, former NBA commissioner David Stern and Venmo co-founder Iqram Magdon-Ismail, among others.
Denver's Havenly, an interior design platform, raised a $32 million Series C to create its first private label brand. The round's investors included Foundry Group, Lerer Hippeau, Kickstart Ventures and Gingerbread Capital, and bring Havenly's total fundraising to nearly $58 million. More on Havenly's Series C from TechCrunch here and check out the company's enviable office here.
Vexcel Imaging, a Centennial-based photogrammetric and remote sensing company, raised $7.5 million in equity funding from eight investors, according to a Form D filing.
Denver-based video conferencing company Glowpoint raised a total of $19 million in equity funding, according to two separate Form D filings. These filings come after Glowpoint announced it would merge with video collaboration and network applications company Oblong Industries. More on that here.
Denver's Convercent, a compliance software company, raised $2 million in equity and debt funding, according to a Form D filing.
Greenwood Village-based Clickfox, a customer analytics company, raised $2.9 million in a new round of equity funding, according to a Form D filing. In April 2018, the company raised $38 million, to bring its total funding to $83 million at the time.
As it pushes to reduce the likelihood of falls for seniors, Denver startup Nymbl announced that it closed an oversubscribed seed round of $1.55 million. The round was led by Rockies Venture Club and brings Nymbl’s total funding to $2.8 million to date. More here.
NICE Recovery Systems, a Boulder-based startup developing cold compression tools for athletes, raised $2.4 million in equity funding, according to a Form D filing.
Boulder-based pet food company 'I and love and you' raised $6.35 million in an equity funding round, according to a Form D filing. More on the funding round from BizWest here. [Subscriber Content]
Pipeline Equity, a Denver-based SaaS company that leverages AI to identify and drive economic gains through gender equity, raised $125,000 in debt as part of a $2 million round, according to a Form D filing. Pipeline's CEO Katica Roy was recently named a 2019 Inno on Fire winner.
Denver-based cannabis company 1906 closed a new round of funding that will help boost its recent product launch and fuel market expansion. 1906 announced that it closed an $18 million funding round led by New York City's Navy Capital. With this funding, the company will expand its offerings outside of Colorado, starting first with Illinois, Massachusetts and Michigan. More here.
Link3D, a Boulder workflow software startup helping organizations scale their digital manufacturing, closed a $7 million funding round led by AI-focused VC firm AI Capital, another Boulder-based company. More on the round here.
