The term sheet: Startup funding roundup for April

Photo courtesy of Boom.

Photo courtesy of Boom.

Startups dreaming of supersonic jets and classy karaoke joints were among the 70 Colorado companies that passed the hat to investors last month.

After dipping to $32 million in March, local startups raised more than $71 million in April, approaching the $75 million raised in February, according to a BusinessDen tally of SEC filings. (You can download a sortable Excel file here.)

Denver and Boulder startups were about even, raising nearly $19 million apiece.

The state’s tech startups brought in $41.3 million in April, an improvement from $24.5 million in March but well below the high of $54 million in February.

Among the largest tech raises were $13.8 million by TapInfluence, a Boulder-based marketing software company.

Havenly, a Denver-based interior design startup, raised $5.8 million for its redecorating services and Closetbox of Greenwood Village raised $5 million for its pickup-and-drop-off storage unit business.

Boom Technology, a supersonic airplane startup; Field Squared, a business-to-business software developer; and Covalent Data, an intellectual property search engine, also reported capital raises.

Funding rounds at cannabis startups, which had plateaued around $2 million in both February and March, shot up to $8.6 million in April. CLS Holdings USA, a Boulder-based cannabinoid extractor, and Denver-based Mindful, which operates recreational and medicinal dispensaries, each raised $4 million.

For its monthly fundraising survey, BusinessDen defines a startup as a company that is less than 10 years old, not publicly traded and not a financial institution or investment fund.

To see all of the data on capital raised last month – and toggle by location, industry and age of company – download our spreadsheet. You also can explore a map of capital raises across the state this year.

If you need help with the spreadsheet, please email Amy@BusinessDen.

Photo courtesy of Boom.

Photo courtesy of Boom.

Startups dreaming…

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments