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  • Colorado has record Q2 for venture capital deals

    In the second quarter of 2019, 104 Colorado companies received nearly $500 million in venture capital investments. That is the largest number of Colorado companies receiving venture capital deals during any second quarter in the past six years, according to the most recent PitchBook Data-National Venture Capital Association Venture Monitor report. The report was also created with support from Silicon Valley Bank, law firm Perkins Coie and software company Solium Capital.

    But the Q2 2019 funding level itself wasn't record-breaking. In the second quarter of 2018, Colorado companies raised their largest amount ever at $566.39 million.

    “The first half of 2019 indicated the record venture activity levels achieved in 2018 are not slowing down, thanks to the high levels of available capital. Robust exit activity continues to drive positive net cash flows to LPs and improve aggregate performance for the VC ecosystem,” said John Gabbert, founder and CEO of PitchBook, in a news release. “The unprecedented flood of newly liquid capital has already eclipsed every other annual exit value total, ensuring that 2019 will leave its mark as a pivotal year for the U.S. VC industry.”

    Locally, the Denver metro saw a decrease in venture capital funding, while the Boulder metro saw an increase. The Denver-Aurora metro saw more than $274 million in venture capital funding raised across 58 companies in the second quarter of 2019 compared to more than $353 million in venture capital funding raised across 39 companies in the second quarter of 2018. And the Boulder metro saw more than $192 million in venture capital funding raised across 32 companies in the second quarter of 2019 compared to more than $186 million in venture capital funding raised across 23 companies in the second quarter of 2018.

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