$88M in fresh funding keeps
state's tech engine humming

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hree months into the year, the Colorado tech industry doesn’t look like it will run out of steam anytime soon. According to Built In Colorado, a website focusing on business startup activity in the region, 31 companies raised a total of $87.7 million in new investment funding in the first quarter.

The site also reports that more than $225 million was generated from mergers and acquisitions involving eight different area companies.

Denver-based Welltok, makers of a healthcare resource platform used by insurance companies and other businesses, was the clear winner in the Q1 fundraising sweepstakes. The company landed a $22 million investment from a group that included IBM, Qualcomm and others. (See story.)

Along with Welltok, three other companies – Photobucket, TeamSnap and Simple Energy – accounted for more than half of the total first quarter investment money.

The tables below provide a rundown of the some of the companies listed in the Built In Colorado report.

2014 Q1 Colorado Fundraising Winners

Here is a partial list of Colorado tech companies, as listed by Built In Colorado, that raised investment funds in the first quarter of 2014.
 CompanyLocationAmount raisedWhat they do
Bounce.io Louisville$4.8M (Series A) Handles bounced emails: provides detail about why an email bounced; sells spam bot email to data security companies.
ChoozleDenver$1.8M (Seed funding)Provides a platform for end-to-end digital marketing, including data-driven audience insights, audience targeting, and real-time ad campaign management and optimization.
Clip Interactive Boulder$2.15M (Partial Close funding)Provides smartphone apps that allow radio listeners to clip broadcast segments and interact with radio stations; allows stations to track individuals or groups of listeners; and advertisers to measure their media spend.
DatavailBroomfield$2.12M (Partial Close funding)Provides remote database management services; offers design and architecture, database administration, outsourcing, and staff augmentation services, as well as support services.
GutCheckGutCheckDenver$4M (Series B)On-demand market research solution that delivers real-time insights from specific customers with quality that is equivalent to traditional on-line vehicles.
JumpCloudBoulder$3M (Series A)SaaS service that automates server management tasks from the cloud for DevOps and IT pros; automates management of users, patches, security, and compliance.
Levels BeyondDenver$2.5M (Series A)Reach Engine product manages over one million digital video files every month, delivering both short and long-form content to every medium.
Pax8Lone Tree$5.05M (Partial Close funding)Cloud commerce marketplace focused on the delivery of cloud-based solutions to a global network of channel partners and their customers.
PeakDenver$4M (Venture Round)Enterprise-class Infrastructure-as-a-Service (IaaS) cloud service provider to channel partners.
PetroDEBroomfield$2M (Seed funding)Petroleum decision engine for the oil and gas industry: a cloud-based platform for making collaborative, data-driven decisions.
PhotobucketDenver$8.4M (Venture capital funding)Image and video hosting website and online community; hosts more than 10 billion images from 100 million registered members.
Secure64Greenwood Village$1.35M (Series A)Software developer providing secure, self-protecting, high performing server applications.
Simple EnergyBoulder$6M (Series B)Uses social game mechanics to change how people save energy and how utilities engage customers.
TeamSnapTeamSnapBoulder$7.5M (Series B)Online service to manage sports teams and other groups; simplifies tasks of coordinating team and group activities for coaches, managers, participants and parents.
TonZofLakewood$4.71M (Partial Close funding)Online marketplace and e-commerce facilitator (rebranded from online retailer Tool King); scheduled to launch in summer, 2014.
Valen TechnologiesDenver$2MA predictive analytics company engaged in building, hosting, and monitoring predictive solutions for property and casualty insurance companies.
WelltokDenver$22.1M (Series C)Provides population managers with a platform-as-a-service solution that enhances revenue growth, increases administrative efficiency and delivers health care value.

2014 Q1 Colorado Mergers & Acquisitions

Here is a list of Colorado companies sold or acquired in the first quarter of 2014, as reported by Built In Colorado.
 CompanyLocationAcquired ByWhat they do
AccuvantDenverBlackstone Provider of information security services and solutions serving enterprise-class organizations across North America.
Auto Injury SolutionsLakewoodCCC Information ServicesProvides customized, proprietary technologies that streamline the entire medical claim solution process.
Examiner.comDenverAXS (operated by AEG)Provides freelancers with a platform to share their knowledge and expertise through informative and entertaining content.
Global Healthcare ExchangeLouisvilleThoma Bravo, LLCProvides software solutions that automate healthcare’s medical-surgical supply chain.
GRASP SystemsFort CollinsInforProvider of automated workload-based resource management systems and consulting services for healthcare organizations.
PlaceWise MediaDenverGrocery Shopping Network (Merger)Provides advertisers, brands and retailers a shopper-marketing platform called Shoptopia Network.
Push IOBoulderResponsysProvides a push notification platform for marketers.
TelerusDenverSecurus TechnologiesAutomates routine inquiries for local jails using Interactive Voice Response (IVR) driven “inmate information lines” for jails.

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