The website of Fortius Metals. (Screenshot)
February may be the shortest month of the year, but Colorado startups didn’t let that slow them from raising capital.
According to a tally of Form Ds filed with the SEC, 59 startups around the state raised $604.2 million last month. (You can see our sortable spreadsheet here).
That’s about $120 million more raised than in February 2023, and $380 million more than February 2022.
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 majority of the cash, accounting for $502.2 million across 32 deals. Seven Boulder startups raised $43.9 million, and 20 startups outside of Denver and Boulder raised the remaining $58 million.
Here are some highlights from February:
Accure Acne (Boulder): $21. 2 million
A Boulder-based company that makes laser technology to treat acne raised $21.2 million last month, according to SEC filings.
The nine-year-old company received FDA approval for its laser treatment last year.
According to its website, Accrue’s treatments are available in nearly 30 dermatology centers in Europe and the United States, including one in Greenwood Village and Durango.
This is the startup’s largest raise yet. It’s raised $36.85 million since inception, according to SEC filings, including $8 million last year.
Fortius Metals Inc. (Lafayette): $3 million
The Lafayette-based manufacturer raised $3 million last month.
Fortius Metals was founded in 2021 by Jeff Lints. The company designs and sells alloy wires that are needed for large, metal 3D printing. According to its website, the Fortius wire is used to manufacture electric vehicles and aerospace machinery.
Fortius has raised $8.56 million to date, according to SEC filings.
Sigil Inc. (Denver): $1.1 million
The three-year-old Denver technology company closed out its first raise last month, bringing in $1 million.
Sigil sells technology for e-commerce sites that finds and tracks unverified sellers of products, and then gathers legal evidence to help get them removed. Zac Garthe, an intellectual property lawyer that specializes in online enforcement, started the company with Ashley Craig and Clifford Stene.
According to SEC filings, this was Sigil’s first capital raise. Sigil was one of the 25 technology startups that raised a total of $123.57 million last month.
The website of Fortius Metals. (Screenshot)
February may be the shortest month of the year, but Colorado startups didn’t let that slow them from raising capital.
According to a tally of Form Ds filed with the SEC, 59 startups around the state raised $604.2 million last month. (You can see our sortable spreadsheet here).
That’s about $120 million more raised than in February 2023, and $380 million more than February 2022.
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 majority of the cash, accounting for $502.2 million across 32 deals. Seven Boulder startups raised $43.9 million, and 20 startups outside of Denver and Boulder raised the remaining $58 million.
Here are some highlights from February:
Accure Acne (Boulder): $21. 2 million
A Boulder-based company that makes laser technology to treat acne raised $21.2 million last month, according to SEC filings.
The nine-year-old company received FDA approval for its laser treatment last year.
According to its website, Accrue’s treatments are available in nearly 30 dermatology centers in Europe and the United States, including one in Greenwood Village and Durango.
This is the startup’s largest raise yet. It’s raised $36.85 million since inception, according to SEC filings, including $8 million last year.
Fortius Metals Inc. (Lafayette): $3 million
The Lafayette-based manufacturer raised $3 million last month.
Fortius Metals was founded in 2021 by Jeff Lints. The company designs and sells alloy wires that are needed for large, metal 3D printing. According to its website, the Fortius wire is used to manufacture electric vehicles and aerospace machinery.
Fortius has raised $8.56 million to date, according to SEC filings.
Sigil Inc. (Denver): $1.1 million
The three-year-old Denver technology company closed out its first raise last month, bringing in $1 million.
Sigil sells technology for e-commerce sites that finds and tracks unverified sellers of products, and then gathers legal evidence to help get them removed. Zac Garthe, an intellectual property lawyer that specializes in online enforcement, started the company with Ashley Craig and Clifford Stene.
According to SEC filings, this was Sigil’s first capital raise. Sigil was one of the 25 technology startups that raised a total of $123.57 million last month.
