The Term Sheet: Startup funding roundup for May

BenchSentry raised $45,000 for its disguised lock boxes. (BenchSentry)

Startups across the state raised a total of $75 million in May.

The sum is significantly more than May 2017, when startups raised $45 million.

The majority of the current startups are located in Denver, hauling in $50.3 million. Boulder companies raised $3.1 million, while the rest of the state raised $21.6 million, according to a tally of Form Ds filed through the SEC.

BusinessDen defines a startup as a company that’s 10 years old or less and excludes publicly traded companies, funds and real estate ventures.

In total, Colorado companies, including startups, raised $194 million last month. Click here for the full set of data.

Here is BusinessDen’s previous coverage of startups that closed rounds in May:

LockState, a maker of smart-lock software, raised $5.8 million.

BenchSentry, which makes benches that store and lock packages left on porches, raised $45,000.

Convenience store Choice Market raised $400,000.

SecureSet Academy, a school for cybersecurity professionals, raised $2.2 million.

Denver-based mental health startup SonderMind raised $2.5 million.

POSTED IN Data, News, Startups

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