state's tech engine humming
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 WinnersHere is a partial list of Colorado tech companies, as listed by Built In Colorado, that raised investment funds in the first quarter of 2014.
|Company||Location||Amount raised||What 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.|
|Choozle||Denver||$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.|
|Datavail||Broomfield||$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.|
|GutCheckGutCheck||Denver||$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.|
|JumpCloud||Boulder||$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 Beyond||Denver||$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.|
|Pax8||Lone 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.|
|Peak||Denver||$4M (Venture Round)||Enterprise-class Infrastructure-as-a-Service (IaaS) cloud service provider to channel partners.|
|PetroDE||Broomfield||$2M (Seed funding)||Petroleum decision engine for the oil and gas industry: a cloud-based platform for making collaborative, data-driven decisions.|
|Photobucket||Denver||$8.4M (Venture capital funding)||Image and video hosting website and online community; hosts more than 10 billion images from 100 million registered members.|
|Secure64||Greenwood Village||$1.35M (Series A)||Software developer providing secure, self-protecting, high performing server applications.|
|Simple Energy||Boulder||$6M (Series B)||Uses social game mechanics to change how people save energy and how utilities engage customers.|
|TeamSnapTeamSnap||Boulder||$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.|
|TonZof||Lakewood||$4.71M (Partial Close funding)||Online marketplace and e-commerce facilitator (rebranded from online retailer Tool King); scheduled to launch in summer, 2014.|
|Valen Technologies||Denver||$2M||A predictive analytics company engaged in building, hosting, and monitoring predictive solutions for property and casualty insurance companies.|
|Welltok||Denver||$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 & AcquisitionsHere is a list of Colorado companies sold or acquired in the first quarter of 2014, as reported by Built In Colorado.
|Company||Location||Acquired By||What they do|
|Accuvant||Denver||Blackstone||Provider of information security services and solutions serving enterprise-class organizations across North America.|
|Auto Injury Solutions||Lakewood||CCC Information Services||Provides customized, proprietary technologies that streamline the entire medical claim solution process.|
|Examiner.com||Denver||AXS (operated by AEG)||Provides freelancers with a platform to share their knowledge and expertise through informative and entertaining content.|
|Global Healthcare Exchange||Louisville||Thoma Bravo, LLC||Provides software solutions that automate healthcare’s medical-surgical supply chain.|
|GRASP Systems||Fort Collins||Infor||Provider of automated workload-based resource management systems and consulting services for healthcare organizations.|
|PlaceWise Media||Denver||Grocery Shopping Network (Merger)||Provides advertisers, brands and retailers a shopper-marketing platform called Shoptopia Network.|
|Push IO||Boulder||Responsys||Provides a push notification platform for marketers.|
|Telerus||Denver||Securus Technologies||Automates routine inquiries for local jails using Interactive Voice Response (IVR) driven “inmate information lines” for jails.|