Colorado startup funding dropped significantly last month compared to May.
According to a tally of Form Ds filed with the SEC last month, 45 startups around the state raised $149.1 million (You can see our sortable spreadsheet here).
That compares to $770.5 million raised by 58 startups last month, and $405.4 million raised by 38 startups in June 2022.
Companies outside of Denver and Boulder raised the most with $89.3 million across 26 deals. Denver startups raised $41.2 million across 17 deals, while Boulder startups raised $18.7 million across three deals.
Here are some highlights from June:
Wander + Ivy (Denver): $2.97 million
The single-serve wine brand raised just shy of $3 million last month.
Dana Spaulding was stuck in a cycle of wanting one glass of wine, but knowing the bottle would go bad before she could finish it, BusinessDen reported. So, she launched Wander + Ivy in 2017.
The company sells 6.3-ounce bottles of cabernet sauvignon, a red blend, sauvignon blanc, chardonnay and rosé for $6.80. According to its website, wine is shipped to 38 states and is in retail stores like Total Wine & More and Hazel’s Beverage World.
According to SEC filings, Wander + Ivy has raised $6.3 million to date.
Truewerk Inc. (Denver): $7 million
The Denver-based work apparel brand raised $7 million last month.
Truewerk, founded by Brian Ciciora in 2015, makes durable clothes for trade workers, BusinessDen reported. The startup sells a variety of pants, shirts, overalls and jackets made to control body temperature and survive job sites.
The most expensive item is $219 T4 Werkbib overalls, which are water-repellent, have the highest level of insulation and reinforced knees.
This was the company’s seventh raise, according to SEC filings. It has raised a total of $33.16 million.
Rewind AI (Denver): $16.4 million
Rewind AI, which sells AI software that makes your data searchable, raised $16.4 million last month.
According to its website, Rewind AI was founded by Dan Siroker in 2020 in an effort to aid people’s memory.
The software, which can be downloaded on newer Mac computers, tracks one’s history every day such as websites visited and purchases in addition to recording and transcribing conversations. Users then use Rewind as a search engine to recall their data or conversations.
The base level software costs $12 a month, while the “Rewind Pro” is $36 a month.
According to SEC filings, this was the company’s first capital raise.
Colorado startup funding dropped significantly last month compared to May.
According to a tally of Form Ds filed with the SEC last month, 45 startups around the state raised $149.1 million (You can see our sortable spreadsheet here).
That compares to $770.5 million raised by 58 startups last month, and $405.4 million raised by 38 startups in June 2022.
Companies outside of Denver and Boulder raised the most with $89.3 million across 26 deals. Denver startups raised $41.2 million across 17 deals, while Boulder startups raised $18.7 million across three deals.
Here are some highlights from June:
Wander + Ivy (Denver): $2.97 million
The single-serve wine brand raised just shy of $3 million last month.
Dana Spaulding was stuck in a cycle of wanting one glass of wine, but knowing the bottle would go bad before she could finish it, BusinessDen reported. So, she launched Wander + Ivy in 2017.
The company sells 6.3-ounce bottles of cabernet sauvignon, a red blend, sauvignon blanc, chardonnay and rosé for $6.80. According to its website, wine is shipped to 38 states and is in retail stores like Total Wine & More and Hazel’s Beverage World.
According to SEC filings, Wander + Ivy has raised $6.3 million to date.
Truewerk Inc. (Denver): $7 million
The Denver-based work apparel brand raised $7 million last month.
Truewerk, founded by Brian Ciciora in 2015, makes durable clothes for trade workers, BusinessDen reported. The startup sells a variety of pants, shirts, overalls and jackets made to control body temperature and survive job sites.
The most expensive item is $219 T4 Werkbib overalls, which are water-repellent, have the highest level of insulation and reinforced knees.
This was the company’s seventh raise, according to SEC filings. It has raised a total of $33.16 million.
Rewind AI (Denver): $16.4 million
Rewind AI, which sells AI software that makes your data searchable, raised $16.4 million last month.
According to its website, Rewind AI was founded by Dan Siroker in 2020 in an effort to aid people’s memory.
The software, which can be downloaded on newer Mac computers, tracks one’s history every day such as websites visited and purchases in addition to recording and transcribing conversations. Users then use Rewind as a search engine to recall their data or conversations.
The base level software costs $12 a month, while the “Rewind Pro” is $36 a month.
According to SEC filings, this was the company’s first capital raise.