The Term Sheet: Startup funding roundup for March

Bike maker Guerilla Gravity raised $788,000 in March. (Guerilla Gravity)

Startups in Colorado raised $172.7 million in the month of March.

Boulder companies raked in significantly more funding than Denver, with $97 million and $31 million, respectively. Across the rest of the state startups raised $45 million, according to a tally of Form Ds filed last month through the SEC.

BusinessDen defines a startup as a company that’s 10 years old or younger and excludes publicly traded companies, real estate ventures and investment funds.

The funding tops the same month in 2017, when startups brought in $44.8 million.

The largest raises last month included Louisville-based wood pellet manufacturer Lignetics Investment Group, which raised $20 million, and Boulder-based biotech companies Inscripta and ArcherDX, which raised $55.5 million and $37.6 million, respectively.

Overall, companies across the state raised $511.2 million.

To download a spreadsheet of funds raised last month, click here.

Here is BusinessDen’s previous coverage of startups that raised funds last month:

Mountain bike manufacturer Guerrilla Gravity raised $788,000.

Employee health benefits manager ThrivePass raised $1.5 million.

Pet temperature monitoring startup PuppTech raised $150,000.

Nut-free snack maker Don’t Go Nuts raised $5.3 million.