Wander + Ivy, which sells single-serve wine bottles, raised cash last month. (Courtesy Wander + Ivy)
While down slightly from March to April, startup funding is still keeping steady this year compared to last.
According to a tally of Form Ds filed with the SEC, 53 startups in Colorado raised $547.8 million last month. That’s about $100 million less than March, but $250 million more than April 2023.
You can view our sortable spreadsheet here.
BusinessDen defines a startup as a business that’s less than 10 years old and excludes publicly traded companies, real estate ventures and funds.
The majority of the cash raised last month came from Denver startups, which accounted for $397.3 million across 24 deals. Startups in Boulder raised $110.2 across nine deals, while companies outside of the two cities raised $40.2 million across 20 deals.
Here are some highlights from April:
BoldHue Inc. (Aurora): $1.5 million
The 5-year-old technology and cosmetics company raised almost $1.5 million last month.
BoldHue, founded by Rachel Wilson, makes a device that scans people’s skin tones to find the right foundation shade, and then mixes foundation based on the scan.
According to the company’s website, the starter kit, which comes with the device and pigments and bases needed to make the foundation, will go on sale later this year and cost under $400.
Wilson declined to comment, but said she expects to have another deal close soon as part of the capital raise. According to SEC Filings, BoldHue has raised $2.55 million since inception.
Wander + Ivy (Denver): $1.6 million
Wander + Ivy, which sells single-serve wine, raised $1.64 million last month.
According to its website, the brand launched a new sparkling wine, “bubbles,” on May 1. In addition to the sparkling wine, Wander + Ivy sells 6.3-ounce bottles of cabernet sauvignon, a red blend, sauvignon blanc, chardonnay and rosé for $6.80.
Dana Spaulding founded the brand seven years ago because she wanted one glass of wine but didn’t want the bottle to go bad. Now, Wander + Ivy wines can be found in 50 stores and bars just around the Denver metro area, according to its website, including Whole Foods, King Soopers and Bonnie Brae Liquor.
According to SEC Filings, Wander + Ivy has raised $7.99 million to date, including nearly $3 million in June 2023.
TurboTenant Inc. (Fort Collins): $6.5 million
A Fort Collins-based software company for property owners raised $6.5 million last month.
Nine-year-old TurboTenant’s software, which has a browser and app capabilities, helps landlords manage their properties. It offers services such as lease templates, rent collection, reports on rental applications and tenant screening.
According to its website, the standard software is free for landlords and tenants to use, while the premium version costs $12 a month. The company said it makes most of its money by keeping the screening fee tenants pay when applying for properties.
TurboTenant founder Sarnen Steinbarth has been an independent landlord since he was 19, which is what led him to start the software company. TurboTenant has over 600,000 landlords and more than 2 million renter users, according to its website.
Wander + Ivy, which sells single-serve wine bottles, raised cash last month. (Courtesy Wander + Ivy)
While down slightly from March to April, startup funding is still keeping steady this year compared to last.
According to a tally of Form Ds filed with the SEC, 53 startups in Colorado raised $547.8 million last month. That’s about $100 million less than March, but $250 million more than April 2023.
You can view our sortable spreadsheet here.
BusinessDen defines a startup as a business that’s less than 10 years old and excludes publicly traded companies, real estate ventures and funds.
The majority of the cash raised last month came from Denver startups, which accounted for $397.3 million across 24 deals. Startups in Boulder raised $110.2 across nine deals, while companies outside of the two cities raised $40.2 million across 20 deals.
Here are some highlights from April:
BoldHue Inc. (Aurora): $1.5 million
The 5-year-old technology and cosmetics company raised almost $1.5 million last month.
BoldHue, founded by Rachel Wilson, makes a device that scans people’s skin tones to find the right foundation shade, and then mixes foundation based on the scan.
According to the company’s website, the starter kit, which comes with the device and pigments and bases needed to make the foundation, will go on sale later this year and cost under $400.
Wilson declined to comment, but said she expects to have another deal close soon as part of the capital raise. According to SEC Filings, BoldHue has raised $2.55 million since inception.
Wander + Ivy (Denver): $1.6 million
Wander + Ivy, which sells single-serve wine, raised $1.64 million last month.
According to its website, the brand launched a new sparkling wine, “bubbles,” on May 1. In addition to the sparkling wine, Wander + Ivy sells 6.3-ounce bottles of cabernet sauvignon, a red blend, sauvignon blanc, chardonnay and rosé for $6.80.
Dana Spaulding founded the brand seven years ago because she wanted one glass of wine but didn’t want the bottle to go bad. Now, Wander + Ivy wines can be found in 50 stores and bars just around the Denver metro area, according to its website, including Whole Foods, King Soopers and Bonnie Brae Liquor.
According to SEC Filings, Wander + Ivy has raised $7.99 million to date, including nearly $3 million in June 2023.
TurboTenant Inc. (Fort Collins): $6.5 million
A Fort Collins-based software company for property owners raised $6.5 million last month.
Nine-year-old TurboTenant’s software, which has a browser and app capabilities, helps landlords manage their properties. It offers services such as lease templates, rent collection, reports on rental applications and tenant screening.
According to its website, the standard software is free for landlords and tenants to use, while the premium version costs $12 a month. The company said it makes most of its money by keeping the screening fee tenants pay when applying for properties.
TurboTenant founder Sarnen Steinbarth has been an independent landlord since he was 19, which is what led him to start the software company. TurboTenant has over 600,000 landlords and more than 2 million renter users, according to its website.
