The Term Sheet: Startup funding roundup for May 2019

DispatchHealth
DispatchHealth provides mobile healthcare to patients. (BizDen file photo)
Cusa Tea
Boulder instant tea company Cusa Tea raised $2.5 million. (BizDen file photo)
CirrusMD
Telemedicine startup CirrusMD raised $15 million. (BizDen file photo)
EnVision Meditation
Denver-based EnVision Meditation has raised $230,000. (BizDen file photo)
Soona
Soona is a Denver startup that provides businesses with professional photos and video within 24 hours. (BizDen file photo)

Startups in Colorado raised a total of $272 million in May.

Oil and gas ventures such as Flat River Minerals, which raised $102 million, contributed to the large haul last month.

Startups based in Denver raised $74 million, while Boulder startups raised $40 million. Startups across the rest of the state raised a total of $158 million.

Each month, BusinessDen tallies Form Ds filed with the SEC, which detail investment rounds reported by companies. BusinessDen defines a startup as a company that’s 10 years old or less and excludes publicly traded companies, real estate ventures and funds.

Including nonstartups, Colorado companies raised a collective $502 million last month.

Here’s a selection of some of the companies raising funds last month, along with links to previous coverage.

  • Denver-based glamping startup Collective Retreats raised $5 million.
  • Boulder instant tea company Cusa Tea raised $2.5 million.
    Soona, a Denver startup that provides businesses with professional photos and video within 24 hours, raised $1.2 million.
  • Denver-based visualization app EnVision raised $230,000.
  • Denver-based DispatchHealth, which provides mobile health care to patients, raised $33 million.
  • Telemedicine startup CirrusMD raised $15 million.

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