Built in Colorado: Tech-based companies raised over $683M in 2015

Thursday January 21, 2016 0 comments Tags: Denver, Built in Colorado, SolidFire, Rally Software, David Gold, Access Venture Partners

 

DENVER -- Built in Colorado   reported Colorado’s rise as a national tech hub continued unabated in 2015, with 95 state-based tech companies raising more than $683 million.

The total amount was well above 2013 and just under 2014’s record-breaking year, Built in Colorado said.Built_in_Colorado_logoUSE_1

The “Colorado Startup Report”  also noted that 59 Colorado digital tech companies were acquired or had initial public stock valuations in 2015, which was 23 more than the previous year.

A total of $2.7 billion was taken in the exits in amounts disclosed, the report said.

The hottest industries in 2015 were marketing and advertising, taking in $159 million; enterprise, $121 million; health tech, $108 million; and cloud computing, $87 million.

“2015 was a solid year for venture investment but things started to tighten up during the back end of the year,” said David Gold, managing director of Access Venture Partners, in the report. “I would anticipate continued tightening in 2016.”

The Built in Colorado report noted there were no mega-exits in 2015 like those seen in 2014, but two Boulder-based companies saw large acquisitions during the year.

SolidFire was acquired by California-based NetApp for $870 million and Rally Software was bought by New York-based CA Technologies for about $480 million, according to the report.