Russell Hirsch, left, Adam Kaplan, middle, and Danny Kaplan, right, of Equitage Ventures, which recently raised a $50 million fund. (Courtesy Equitage Ventures)
Colorado startups did not bloom into spring.
Just 14 fledgling companies raised a total of nearly $39 million last month, SEC Form D filings show.
That’s down from March’s $98 million across 26 deals and a far cry from April 2024’s $550 million from 53 companies.
Two Denver-based firms pulled in $4.5 million while four Boulder-based companies tallied $10 million. Nine businesses elsewhere in the Centennial State raised $24.5 million.
You can view our sortable spreadsheet, which lists every April 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 April highlights from BusinessDen’s startup coverage:
Equitage Ventures:
The CEO of Solera Senior Living, which operates Modena Cherry Creek and is headquartered in Denver, raised a $50 million fund focused on health and age tech.
AI law:
Ibotta CEO Bryan Leach, who is worth $150 million a year after the couponing app’s IPO, said upcoming AI regulations in Colorado “make us look like we don’t get it.” The law is set to take effect in 2026, though a bill refining specifics and pushing implementation back a year was introduced last week.
New draft system:
Golden-based Sustainable Beverage Technologies raised $6 million ahead of launching NexDraft, its proprietary, alcohol-by-choice tap technology. Beer lovers can enjoy a full-strength brew one second and an N/A option the next – all from the same tap.
Russell Hirsch, left, Adam Kaplan, middle, and Danny Kaplan, right, of Equitage Ventures, which recently raised a $50 million fund. (Courtesy Equitage Ventures)
Colorado startups did not bloom into spring.
Just 14 fledgling companies raised a total of nearly $39 million last month, SEC Form D filings show.
That’s down from March’s $98 million across 26 deals and a far cry from April 2024’s $550 million from 53 companies.
Two Denver-based firms pulled in $4.5 million while four Boulder-based companies tallied $10 million. Nine businesses elsewhere in the Centennial State raised $24.5 million.
You can view our sortable spreadsheet, which lists every April 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 April highlights from BusinessDen’s startup coverage:
Equitage Ventures:
The CEO of Solera Senior Living, which operates Modena Cherry Creek and is headquartered in Denver, raised a $50 million fund focused on health and age tech.
AI law:
Ibotta CEO Bryan Leach, who is worth $150 million a year after the couponing app’s IPO, said upcoming AI regulations in Colorado “make us look like we don’t get it.” The law is set to take effect in 2026, though a bill refining specifics and pushing implementation back a year was introduced last week.
New draft system:
Golden-based Sustainable Beverage Technologies raised $6 million ahead of launching NexDraft, its proprietary, alcohol-by-choice tap technology. Beer lovers can enjoy a full-strength brew one second and an N/A option the next – all from the same tap.
