Meati breakfast patties alongside waffles and berries. (Courtesy Meati)
Funding for Colorado startups is heating up.
Fledgling companies in the Centennial State tallied $257.4 million across 28 deals in July, SEC Form D filings show.
That’s up from the $127 million that 26 businesses garnered in June and the $142 million that 25 firms raised in May.
Six Denver-based startups pulled in $37.2 million while seven Boulder-based companies took in $21.8 million. Fifteen businesses elsewhere in the Centennial State raised $198.4 million.
You can view our sortable spreadsheet, which lists every July Form D, here.
BusinessDen defines a startup as a business that’s less than 10 years old and excludes real estate ventures and funds.
Here are some July highlights about these startups:
Cement alternative firm raises $124 million
Terra CO2 wants to reinvent cement, the adhesive that forms concrete when combined with water and aggregate materials like gravel. The Golden-based business says its alternative to the powder can cut emissions from traditional cement production by up to 70%.
Terra CO2 is rolling its newfound cash into a Dallas facility that it says will produce 240,000 tons of its material annually. The new funding round was co-led by Bill Gates’ Breakthrough Energy Ventures, Eagle Materials, Singaporean investor Temasek-backed GenZero, and Al Gore’s Just Climate.
Meati’s $4 million sale approved
The pending sale of the mushroom meat startup went through last month after being proposed at the beginning of May. Yasir Abdul, the founder of “As Seen on TV” marketing and product development firm InvenTel, took over the Boulder company.
The approval caps a monthslong saga for Meati, which has raised $450 million in venture funding since its 2016 founding. In March, an unspecified bank repossessed two-thirds of the company’s cash on hand. The move led CEO Phil Graves to warn the company’s 150 employees that Meati was at risk of ceasing operations, including at its 120,000-square-foot manufacturing facility in Thornton.
Odds and ends
Bifrost Electronics, a Boulder-based quantum startup, raised $2.5 million to help expand its line of quantum amplifiers. The product, which is foundational to quantum computing, helps scientists study signals at scale, the company says. Caruso Ventures, the venture firm/family office hybrid helmed by Boulder entrepreneur Dan Caruso, led the round
Juno, a Denver-based startup that helps plan corporate travel, raised $4 million last month, bringing its total to $6 million since its founding in July 2024. New York-based Avid Ventures led the round. Also participating was Boulder’s Matchstick Ventures, the firm that local Techstars alum and former managing director Natty Zola founded in 2018.
Meati breakfast patties alongside waffles and berries. (Courtesy Meati)
Funding for Colorado startups is heating up.
Fledgling companies in the Centennial State tallied $257.4 million across 28 deals in July, SEC Form D filings show.
That’s up from the $127 million that 26 businesses garnered in June and the $142 million that 25 firms raised in May.
Six Denver-based startups pulled in $37.2 million while seven Boulder-based companies took in $21.8 million. Fifteen businesses elsewhere in the Centennial State raised $198.4 million.
You can view our sortable spreadsheet, which lists every July Form D, here.
BusinessDen defines a startup as a business that’s less than 10 years old and excludes real estate ventures and funds.
Here are some July highlights about these startups:
Cement alternative firm raises $124 million
Terra CO2 wants to reinvent cement, the adhesive that forms concrete when combined with water and aggregate materials like gravel. The Golden-based business says its alternative to the powder can cut emissions from traditional cement production by up to 70%.
Terra CO2 is rolling its newfound cash into a Dallas facility that it says will produce 240,000 tons of its material annually. The new funding round was co-led by Bill Gates’ Breakthrough Energy Ventures, Eagle Materials, Singaporean investor Temasek-backed GenZero, and Al Gore’s Just Climate.
Meati’s $4 million sale approved
The pending sale of the mushroom meat startup went through last month after being proposed at the beginning of May. Yasir Abdul, the founder of “As Seen on TV” marketing and product development firm InvenTel, took over the Boulder company.
The approval caps a monthslong saga for Meati, which has raised $450 million in venture funding since its 2016 founding. In March, an unspecified bank repossessed two-thirds of the company’s cash on hand. The move led CEO Phil Graves to warn the company’s 150 employees that Meati was at risk of ceasing operations, including at its 120,000-square-foot manufacturing facility in Thornton.
Odds and ends
Bifrost Electronics, a Boulder-based quantum startup, raised $2.5 million to help expand its line of quantum amplifiers. The product, which is foundational to quantum computing, helps scientists study signals at scale, the company says. Caruso Ventures, the venture firm/family office hybrid helmed by Boulder entrepreneur Dan Caruso, led the round
Juno, a Denver-based startup that helps plan corporate travel, raised $4 million last month, bringing its total to $6 million since its founding in July 2024. New York-based Avid Ventures led the round. Also participating was Boulder’s Matchstick Ventures, the firm that local Techstars alum and former managing director Natty Zola founded in 2018.
