Report: Colorado ranks No. 13 in VC funding in Q3 2017

Thursday October 12, 2017 0 comments Tags: PwC MoneyTree Report

COLORADO -- Colorado startups raised $178 million in venture capital funding in the third quarter of 2017, according to a PwC MoneyTree report.pwc-moneytree-logo

The amount was up from $169.9 million raised in the second quarter of 2017 and $144.6 million raised in the same quarter one year ago.

The $178 million was raised through 29 deals made during Q317, the report said.

The amount placed Colorado No. 13 in venture capital funding raised across the nation.

Nationally, startup companies raised $19 billion in VC funding during the third quarter, the report noted.

Not surprisingly, California startups raised the most VC money during Q3 with $7.98 billion in 512 deals.

New York had the second-highest VC funding in Q3 with $4.175 billion across 157 deals.

Five states -- Wyoming, West Virginia, Mississippi, Alaska and Montana -- did not report any VC funding activity during the quarter.

To view the full MoneyTree report, click here.