The Term Sheet: Startup funding roundup for December 2024

Denver startups raised $228 million in January

Soona offers real-time content from photo and video shoots to its e-commerce clients. (Courtesy Soona)

According to Form D filings, 26 Colorado startups raised over $379 million in December. That was down from the more than $1.2 billion they raised in November and higher than the $220 million 56 startups tallied in December 2023.

Denver-based companies posted nine deals totaling $68 million, while one Boulder startup raised $11 million. Sixteen companies based elsewhere in the Centennial State tallied nearly $300 million.

BusinessDen defines a startup as a business that’s less than 10 years old and excludes real estate ventures and funds.

You can view our sortable spreadsheet, which lists every December Form D, here.

Here are some December highlights:

Iontra: $45 million

The Centennial-based battery-charging tech company announced a $45 million Series C round last month, filings show. It was led by Volta Energy Technologies, a repeat investor.

Iontra makes a small component in batteries it said increases life and charging speed up to 200 percent. The tech can be found in everything from electric vehicles to smartphones to power tools. 

Co-founded in 2013 by Jeff Granato and Daniel Konopka, the business also received a $2.15 million grant from the Department of Energy in November. It was one of 13 companies chosen across the country, and Iontra will use the infusion to build out its EV charging tech.

Volta Energy also led a $67 million Series B that closed in mid-2023. The most recent raise brings the company’s total to $120.3 million, according to the announcement. 

Renegade Plastics Corp: $2 million

The Golden and Green Bay, Wisconsin-based company raised $2 million in December, SEC filings show. 

Renegade aims to clean up the PVC and vinyl plastics industry through using a recyclable alternative to the materials. The ones commonly used today contain toxic chemicals that are released over the lifespan of the product, which are found in everything from school bus seats to sports equipment, its website said. Co-founders Tony Ehrbar and Curran Hughes started the business in 2021.

The company previously announced an undisclosed pre-seed round in May led by Schneider Resources Holding. SEC documents show it has raised a total of $2.75 million.

Soona: $3.1 million

The photo-studio startup raised over $3 million to build out its AI retailer’s assistant. Read our full story here.

AMP: $91 million

The AI-trash sorter hopes to triple recycling rates with a new facility in Commerce City and a Series D round. Read our full story here.

Denver startups raised $228 million in January

Soona offers real-time content from photo and video shoots to its e-commerce clients. (Courtesy Soona)

According to Form D filings, 26 Colorado startups raised over $379 million in December. That was down from the more than $1.2 billion they raised in November and higher than the $220 million 56 startups tallied in December 2023.

Denver-based companies posted nine deals totaling $68 million, while one Boulder startup raised $11 million. Sixteen companies based elsewhere in the Centennial State tallied nearly $300 million.

BusinessDen defines a startup as a business that’s less than 10 years old and excludes real estate ventures and funds.

You can view our sortable spreadsheet, which lists every December Form D, here.

Here are some December highlights:

Iontra: $45 million

The Centennial-based battery-charging tech company announced a $45 million Series C round last month, filings show. It was led by Volta Energy Technologies, a repeat investor.

Iontra makes a small component in batteries it said increases life and charging speed up to 200 percent. The tech can be found in everything from electric vehicles to smartphones to power tools. 

Co-founded in 2013 by Jeff Granato and Daniel Konopka, the business also received a $2.15 million grant from the Department of Energy in November. It was one of 13 companies chosen across the country, and Iontra will use the infusion to build out its EV charging tech.

Volta Energy also led a $67 million Series B that closed in mid-2023. The most recent raise brings the company’s total to $120.3 million, according to the announcement. 

Renegade Plastics Corp: $2 million

The Golden and Green Bay, Wisconsin-based company raised $2 million in December, SEC filings show. 

Renegade aims to clean up the PVC and vinyl plastics industry through using a recyclable alternative to the materials. The ones commonly used today contain toxic chemicals that are released over the lifespan of the product, which are found in everything from school bus seats to sports equipment, its website said. Co-founders Tony Ehrbar and Curran Hughes started the business in 2021.

The company previously announced an undisclosed pre-seed round in May led by Schneider Resources Holding. SEC documents show it has raised a total of $2.75 million.

Soona: $3.1 million

The photo-studio startup raised over $3 million to build out its AI retailer’s assistant. Read our full story here.

AMP: $91 million

The AI-trash sorter hopes to triple recycling rates with a new facility in Commerce City and a Series D round. Read our full story here.

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