Startups around the Centennial State raised $654.4 million in August.
According to a tally of Form Ds filed with the SEC last month, 47 startups brought in the cash. That compares to $576 million raised by 40 startups in August 2022, but down from the $937.2 million raised by 44 companies in July. (You can see our sortable spreadsheet here).
BusinessDen defines a startup as a business that’s less than 10 years old and excludes publicly traded companies, real estate ventures and funds.
Denver startups raised the bulk of the cash with $390.9 million across 20 deals. Companies outside of Boulder and Denver were a close second, with $250.3 million across 21 deals. Boulder startups raised $13 million across six deals.
Here are some highlights from August:
AMP Robotics (Louisville): $104.2 million
The Louisville-based robotics company had one of the largest raises last month, bringing in $104.2 million.
Founded by Matanya Horowitz in 2015, AMP Robotics uses AI and robots to create technology that can identify and sort recyclable materials that are often overlooked. Its technology can sort materials by type, color or even brand and find items that are contaminated.
The company owns sorting facilities in Cleveland and Atlanta, according to a company press release. Director of Communications Carling Spelhaug said this latest raise will go toward expanding the company’s operations through new AI sorting technology.
In addition to this latest round, it raised $71 million last year. AMP has raised a total of $251.5 million since its founding, according to SEC filings.
AMP spokeswoman Carling Spelhaug said the money from this filing was raised from November to August. She said roughly $4 million of the $104 million was raised last month.
Show Labs (Denver): $3.2 million
The Five Points-based photography studio raised $3.2 million from 23 investors last month.
The startup makes content like videos and pictures for e-commerce brands using systems like robotic cameras, software-controlled lighting and “ghost mannequins,” according to its website.
Founded by Daniel Effron in 2021, ShowLabs has worked with outdoor brands like The North Face and 686, according to company press releases.
This is the company’s third and largest raise to date, according to SEC filings. It’s raised $3.99 million since its founding.