An Urban Sky balloon in flight. (Courtesy Urban Sky)
New year, new money.
According to SEC Form D filings, 27 Colorado startups raised a total of nearly $482 million in January. That’s up from December’s $379 million but down from the $560 million raised in January 2024.
Three Boulder companies led the way, tallying $253 million. Five Denver firms put up $109 million as well. Elsewhere in the Centennial State, $120 million was raised across 19 deals.
You can view our sortable spreadsheet, which lists every January Form D, here.
BusinessDen defines a startup as a business that’s less than 10 years old and excludes real estate ventures and funds.
Here are some January highlights:
Logicall: $4.5 million
The Greenwood Village health-tech company raised $4.5 million last month for its emergency appointment platform, filings show.
The firm, founded by healthcare tech execs Brian McDonald and Marc Horowitz in 2022, says its software makes scheduling an urgent medical meeting more efficient. It uses a combination of calling and texting to alert a doctor that the patient needs to be seen, and then its app hosts a recorded video call.
Logicall’s website says it integrates with most electronic medical record systems, meaning it can upload the file of the appointment seamlessly. The recording also includes timestamps and a transcription to streamline the billing process. It sends a copy to the patient as well.
The firm says this saves both sides from a stressful game of phone tag and promotes transparency.
This is Logicall’s first raise.
Electra: $180 million
The Bill Gates-backed, Boulder-based firm raised $180 million last month with goals of getting to $256.7 million, filings show.
Founded in 2020, Electra uses a low-temperature ironmaking process in hopes to decarbonize the steel industry. According to the American Association for the Advancement of Science, the field accounts for roughly 7 percent of global emissions.
Iron production, which traditionally entails melting the ore in a 1,600 Celsius furnace, makes up 90 percent of that figure. The Colorado firm says its carbon-free, renewable energy-powered tech allows it to purify the ore at 60 degrees. With iron composing 98 percent of steel, Electra’s process targets the main carbon culprit head on.
The $180 million brings Electra’s total raised to $265 million. The company co-founded by college roommates Sandeep Nijhawan and Quoc Pham saw Breakthrough Energy Ventures, Amazon and Singapore-based Temasek contribute to an $85 million raise in 2022.
Urban Sky: $30 million
The Denver-based, balloon imagery firm raised a $30 million Series B to capture more satellite snapshots from the stratosphere. Read more in our story here.
An Urban Sky balloon in flight. (Courtesy Urban Sky)
New year, new money.
According to SEC Form D filings, 27 Colorado startups raised a total of nearly $482 million in January. That’s up from December’s $379 million but down from the $560 million raised in January 2024.
Three Boulder companies led the way, tallying $253 million. Five Denver firms put up $109 million as well. Elsewhere in the Centennial State, $120 million was raised across 19 deals.
You can view our sortable spreadsheet, which lists every January Form D, here.
BusinessDen defines a startup as a business that’s less than 10 years old and excludes real estate ventures and funds.
Here are some January highlights:
Logicall: $4.5 million
The Greenwood Village health-tech company raised $4.5 million last month for its emergency appointment platform, filings show.
The firm, founded by healthcare tech execs Brian McDonald and Marc Horowitz in 2022, says its software makes scheduling an urgent medical meeting more efficient. It uses a combination of calling and texting to alert a doctor that the patient needs to be seen, and then its app hosts a recorded video call.
Logicall’s website says it integrates with most electronic medical record systems, meaning it can upload the file of the appointment seamlessly. The recording also includes timestamps and a transcription to streamline the billing process. It sends a copy to the patient as well.
The firm says this saves both sides from a stressful game of phone tag and promotes transparency.
This is Logicall’s first raise.
Electra: $180 million
The Bill Gates-backed, Boulder-based firm raised $180 million last month with goals of getting to $256.7 million, filings show.
Founded in 2020, Electra uses a low-temperature ironmaking process in hopes to decarbonize the steel industry. According to the American Association for the Advancement of Science, the field accounts for roughly 7 percent of global emissions.
Iron production, which traditionally entails melting the ore in a 1,600 Celsius furnace, makes up 90 percent of that figure. The Colorado firm says its carbon-free, renewable energy-powered tech allows it to purify the ore at 60 degrees. With iron composing 98 percent of steel, Electra’s process targets the main carbon culprit head on.
The $180 million brings Electra’s total raised to $265 million. The company co-founded by college roommates Sandeep Nijhawan and Quoc Pham saw Breakthrough Energy Ventures, Amazon and Singapore-based Temasek contribute to an $85 million raise in 2022.
Urban Sky: $30 million
The Denver-based, balloon imagery firm raised a $30 million Series B to capture more satellite snapshots from the stratosphere. Read more in our story here.
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