The Term Sheet: Startup funding roundup for January

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For the second month running, Foundry Group led the largest funding round of startups statewide by placing another bet on a Boulder business.

TeamSnap, which makes software to organize sports teams, reaped a $25 million raise led by Foundry in January. The deal helped boost Colorado startups to $76 million in fresh capital for the month.

In December, another Foundry-backed software startup, VictorOps, topped the month’s startup rounds with a $15 million haul.

Year-to-year, startups raised more than double their January 2015 total of $33 million.

For this monthly survey, BusinessDen rounds up SEC Form Ds, by which firms report fresh private investments. We define a startup as any business founded in the past 10 years, excluding publicly traded companies, real estate projects and investment funds.

Not counting a whopping $1.1 billion private placement (filed as part of a deal to restructure Denver-based natural gas liquids company DCP Midstream), Colorado Form Ds totaled $209 million in January.

For in-depth details on all of those raises – startups and non-startups alike – download a spreadsheet here.

Here is past coverage of the companies on this month’s list in BusinessDen:

  • Software startup Cloud Elements raised $13 million in a Series B financing. It last passed the hat to investors in September 2016 for a smaller $1 million round.
  • Faction Holdings filed paperwork for $5 million in equity financing; it announced a total of $11 million raised last month, counting debt. The data center firm’s previous funding round, in December 2015, was $3 million.
  • SecureSet Academy raised $4.7 million as it eyes an expansion into Florida. The company, which teaches classes for aspiring cybersecurity pros, has also been fueling its startup accelerator.
  • RxRevu, which helps customs compare drug prices, raised another $4.7 million after a $3.7 million boost in the arm in October.
  • Cannabis-based dog supplement maker Therabis raised $500,000 to keep pace with the puppy munchies.
  • Virtual reality startup Walkthrough netted $325,000 as it plans to stroll its virtual home tours into San Francisco.

[Slideshow "sec-roundup-january" not found]

For the second month running, Foundry Group led the largest funding round of startups statewide by placing another bet on a Boulder business.

TeamSnap, which makes software to organize sports teams, reaped a $25 million raise led by Foundry in January. The deal helped boost Colorado startups to $76 million in fresh capital for the month.

In December, another Foundry-backed software startup, VictorOps, topped the month’s startup rounds with a $15 million haul.

Year-to-year, startups raised more than double their January 2015 total of $33 million.

For this monthly survey, BusinessDen rounds up SEC Form Ds, by which firms report fresh private investments. We define a startup as any business founded in the past 10 years, excluding publicly traded companies, real estate projects and investment funds.

For the second month running, Foundry Group led the largest funding round of startups statewide by placing another bet on a Boulder business.

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