Colorado companies receive more than $1B in venture funds in 2017

Thursday January 11, 2018 0 comments Tags: Colorado, venture capital

COLORADO -- More than $1 billion was invested in Colorado companies in 2017, according to a new report from PricewaterhouseCoopers and CB Insights.

The investment was the highest amount of venture funding in the state since 2001.Colorado_logoUSE

The top companies receiving investment in the state included:

  • Cherwell Software, $50M
  • Boom Supersonic, $41.9M
  • Miragen Therapeutics, $40.7M
  • Prescient, $40M
  • Sphero, $35.4M
  • Dispatch Health, $30.8M

“Total investments in Colorado for the annual 2017 period eclipsed $1 billion,” said Rob Ward, PwC analyst. “We have to go back to the early 2000s to find a higher annual funding level.

“The continued stability in funding levels creates opportunities for Colorado companies to grow and develop in Colorado, which in turn naturally creates opportunities for growth or for exits via a sale, merger or an initial public offering.”

According to the report, the state had 154 deals that raised about $1.1 billion, up from 150 deals and 689 million raised in 2017.

Colorado ranked No. 5 nationally for deal volume and 10th for dollars raised in the fourth quarter, the report said.