Denver-based CirrusMD, the provider of a text message-based telemedicine platform, has closed a $7 million Series A led by Colorado Impact Fund. The startup is in good company—since the beginning of 2015, 348 VC investors have participated in at least one deal in the state, for a total of more than $1.8 billion invested in Colorado-based companies, per the PitchBook Platform. A plurality of those deals (42%) have been for a company’s first round of financing, and roughly 21% have gone to a second round. Funded startups in Colorado include a large number of marijuana-related businesses and several companies in the food industry.
Here are the top 8 VC investors in Colorado-based companies since the beginning of 2015, along with deal counts (excluding accelerator rounds):
1. Foundry Group (27)
2. Service Provider Capital (18)
3. Right Side Capital Management (16)
4. Access Venture Partners (13)
5. 3Lines (12)
6. Galvanize Ventures (10)
T-7. Grotech Ventures (9)
T-7. Boulder Ventures (9)
PitchBook Platform users can check out the full data on VC activity in the region.
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Article by PitchBook
