The Term Sheet: Startup funding roundup for September 2018

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Charlotte’s Web makes CBD oils and capsules, among other products. (BusinessDen file photo)

Startups in Colorado raised a total of $557 million in September.

That is, if you count Charlotte’s Web in the tally.

The lion’s share of funding came from the Boulder-based hemp company, which raised $423 million. The startup, founded by the seven Stanley brothers in 2012, makes CBD oils and capsules, among other products. Including Charlotte’s Web, startups in Boulder raised a total of $429 million. The company completed its initial public offering at the end of August.

Startups in Denver raised $43.2 million, while startups across the rest of the state received $85 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 younger, and excludes real estate ventures and funds.

Colorado companies, including startups, raised $659 million in September.

Here is a link to explore BusinessDen’s Sept 2018 Term Sheet from September.

MycoTechnology CEO Brooks Kelly examines a test liquid. (Courtesy of MycoTechnology)

Explore BusinessDen’s previous coverage of companies that raised funds last month:

• Mushroom startup MycoTechnology raised $23.5 million.
• Health tech startup WellTok raised $13 million.
• Cannabis tech startup MJ Freeway raised $10 million.
• Health dictation app Sopris Health raised $3.4 million.
• Health startup Orderly Health raised $939,000.
• Bra startup Pepper raised $100,000.