Report: Colorado tech funding in Q2 of 2014 nearly double that of same period in 2013

By: InnovatioNews Friday July 18, 2014 Tags: Accuvant, Built in Colorado, Datalogix, Galvanize, Gnip, Ibotta, Orbotix, ProtectWise, Wayin, Welltok

 

COLORADO - Colorado tech companies in the second quarter of 2014 raised $191 million in deal funding, nearly twice as much raised in the same quarter last year, according to a report by Built in Colorado.

So far this year, Colorado companies have raised a total of $281 million, a 56 percent increase over the first half of 2013, the report said.

The report said Datalogix, a company that curates audiences based on their purchases, raised the most money in the last six months with a $45 million round, bringing the company's total funding to $86.5 million.

Welltok, a health management platform that helps health care providers and payers reward their members for healthy behavior, raised the second-highest amount in the first six months of 2014 with $22.5 million.

The top seven companies raising more than $10 million so far this year are:

• Datalogix--$45 million


• Welltok--$22.5 million


• Ibotta--$20 million


• Galvanize--$18 million


• Orbotix--$15.5 million


• ProtectWise--$14.06 million


• Wayin--$13.1 million

 

Among the key exits in the first half of 2014 were Mercury Payment Systems, which was acquired for $1.65 billion; Accuvant, acquired for $225 million; and Gnip, acquired for $175 million, the report said.