Colorado startups have a lot to be happy about when it comes to the strength of their startup ecosystem. Denver and Boulder have been credited as a top-25 global ecosystem in 2020 and this is a testament to the support being offered to top startups in Colorado. Within the first half of the year, startups in the state managed to destroy the record investment for previous years with a total of around $3.1 Billion being raised and the year hasn't even ended yet.
The figures make for good reading and it shouldn't come as a surprise that the Colorado area is home to some of the finest startups in the world. In the following list, we include some of the most exciting and fastest-growing startups in Colorado.
1. Flyreel
Year Founded: 2016
HQ: Denver, Colorado
Size: 11-50
Founder(s): Cole Winans, Laurie Kuhn, Randy Hamilton
Flyreel is an InsurTech startup that was founded in 2016 and is currently based in Denver, Colorado. The company operates an AI platform that allows its users to manage their own property inspections and claims without the need for outsourcing the process. This ultimately makes insurance better and easier.
The company has managed to attract investment to improve and develop its platform since being founded five years ago. In that time, the company has made deals with a total of six investors. This has led to the company making $18 Million in startup funding.
2. Outrider
Year Founded: 2017
HQ: Golden, Colorado
Size: 101-250
Founder(s): Andrew Smith
Outrider is a Colorado startup that was founded in 2017 and is currently based in Golden, Colorado. The company operates in the logistics sector and provides a platform to drive efficiencies in this sector. Their solution allows for the automation of yard operations in logistics hubs. This ultimately reduces costs and increases profits for these businesses.
Since being founded four years ago, the company has managed to attract a significant amount of investment. From a group of ten investors, the company has been able to raise a total of $118 Million in funding.
3. Spekit
Year Founded: 2018
HQ: Denver, Colorado
Size: 11-50
Founder(s): Melanie Fellay, Zari Zahra
Spekit is a SaaS startup that was founded in 2018 and it is currently based in Denver, Colorado. The company creates software solutions for businesses centred around increasing levels of tool adoption among employees. There are also functionalities for managing performance and the onboarding process of the business.
Despite only being founded three years ago, the company has managed to attract further funding to help it grow. In total, the company has managed to strike deals with eight investors, which has yielded $15.6 Million in startup funding.
4. Stack Infrastructure
Year Founded: 2019
HQ: Denver, Colorado
Size: 51-100
Founder(s): Brian Cox
Stack Infrastructure is an IT startup that was founded two years ago and currently operates from an HQ in Denver, Colorado. The company provides the needed infrastructure for businesses to scale their internal digital systems, with a whole suite of product lines being available for businesses that use large quantities of data.
Since it was founded two years ago, the company has attracted a ridiculous amount of funding to further its goals. The company has struck deals with a number of investors that have allowed it to gain $1.4 Billion in startup funding. This is a wonderful achievement and really highlights the value of the company's offering.
5. Digible
Year Founded: 2017
HQ: Denver, Colorado
Size: 1-10
Founder(s): David Staley, Reid Wicoff
Digible is one of the startups in Colorado that is trying to help a constantly moving industry. The company was founded four years ago and since then it has developed predictive software for the marketing industry. They are most often used by companies in real estate with apartment blocks and student housing.
Since it was founded in 2017, the company has managed to attract some investment to help the business reach the next level. This was achieved through a sole investor that was convinced to part ways with $250,000.
6. Soona
Year Founded: 2018
HQ: Denver, Colorado
Size: 51-100
Founder(s): Elizabeth Giorgi, Hayley Anderson
Soona is another marketing startup in Colorado, the company was founded in 2018 and is currently based in Denver. The company provides an online content studio platform that allows its users to create professional-looking images and videos for their clients, even if they don't have access to a physical studio location.
The company has managed to attract an impressive amount of startup funding in three years. In total, the startup has managed to strike deals with eight investors, who have collectively pooled a total of $18.5 Million into the business.
7. StackHawk
Year Founded: 2019
HQ: Denver, Colorado
Size: 11-50
Founder(s): Joni Klippert, Ryan Severns, Scott Gerlach
StackHawk is a software startup that is among the most exciting startups in Colorado. The company was founded in 2019 and helps businesses to maintain their websites and their software, which is an ongoing and time-consuming problem. Furthermore, they help these businesses to detect bugs in their most important front-facing digital items.
Despite only having been founded two years ago, the company has managed to attract startup funding to accelerate its growth. In total, the company has received investment from a group of five investors, who have pooled together a total of $14.6 Million in funding.
8. Flatfile
Year Founded: 2018
HQ: Denver, Colorado
Size: 11-50
Founder(s): David Boskovic, Eric Crane
Flatfile is a Colorado startup that was founded three years ago and is currently based in Denver, Colorado. The startup provides a data software solution that allows businesses to make data transactions more secure and easier to manage. This is achieved through the use of automation in the platform.
Even though the company is only three years old, it has managed to attract the attention of a massive number of investors. The total number of investors that have backed the project includes 26 different investors. These investors have contributed a total funding amount of $44.7 Million.
9. Amaze Health
Year Founded: 2018
HQ: Denver, Colorado
Size: 11-50
Founder(s): Brian Mathwich, David Silverstein
Amaze Health is a healthcare startup that was founded in 2018 and is currently based in Denver, Colorado. It is one of many Denver startups in the healthcare sector, however, the company aims to improve upon the industry by providing a system that allows patients and institutions to integrate healthcare tools, information and resources, all based on the needs of the patient.
The company has managed to attract some startup funding to accelerate its growth and development, with Amaze Health winning $1.8 Million in investment in the three years that it has been trading.
10. Atomos Space
Year Founded: 2018
HQ: Denver, Colorado
Size: 11-50
Founder(s): Vanessa Clark, Brandon Seifert, William Kowalski
Atomos Space is one of the more exciting startups in Denver and this is because they focus on the aerospace industry. The company itself developers vehicles for orbital transport and also develops technology for nuclear technology related to space travel. The company is also noted for having a female founder.
The company has managed to make a decent amount of startup funding since it was founded in 2018. In total, the company has managed to strike deals with eleven investors. These investors have put a collective total of $2.7 Million into the business over the years.
11. Meati Foods
Year Founded: 2016
HQ: Boulder, Colorado
Size: 11-50
Founder(s): Justin Whiteley, Tyler Huggins
Meati Foods is a food production startup that was founded in 2016 and is currently based in the city of Boulder in Colorado. The startup is focused on using ethical and sustainable means to generate meat-free, plant-based alternatives for vegans and vegetarians.
The company has seen a lot of investment to further its growth and development, despite competition in the market. In total, the company has convinced 23 investors to back them and this has led to the company making a total of $127.1 Million in startup funding.
12. SonderMind
Year Founded: 2014
HQ: Denver, Colorado
Size: 101-250
Founder(s): Mark Frank, Sean Boyd
SonderMind is a healthcare and wellness startup that was founded in 2014 and is currently based in the city of Denver, Colorado. It is another example of a Denver startup that is flourishing in the ecosystem. The company operates an online mental health platform that aims to make mental health care more effective and accessible.
The Denver startup has seen good success in terms of funding investment funding. As a result of this success, the company has struck deals with 13 investors. The total funding raised from all of these investments has reached a figure of $33 Million.
13. Hotel Engine
Year Founded: 2015
HQ: Denver, Colorado
Size: 101-250
Founder(s): Elia Wallen
Hotel Engine is a travel startup that was founded in 2015 and is currently based in the city of Denver. The Colorado startup makes its money by operating a platform that allows businesses to be connected with hotel partners and travelers. This ultimately makes the process of running a hotel and getting guests, easier and cheaper.
The company has managed to secure investment in its six years of trading, with a sole investor putting a large amount of funding into the business. Over this time period, the company has received $16 Million in investment.
14. A2Z Sync
Year Founded: 2017
HQ: Greenwood Village, Colorado
Size: 11-50
Founder(s): Aaron Wallace
A2Z Sync is an automotive technology startup that was founded in 2017 and is currently based in Greenwood Village, Colorado. Their platform allows car dealerships to receive guidance and training on how to develop their business into a sales model built around one person. This makes the dealership more efficient and promotes a better sales record.
15. Golfkicks
Year Founded: 2018
HQ: Denver, Colorado
Size: 1-10
Founder(s): John Krosky, Matt Mockus, Tyler Stuart
Golfkicks is a Denver startup that was founded in 2018 and this company was even featured on US reality tv show Shark Tank. The company aims to make golf shoes more accessible and more convenient. This is achieved through their creation of traction kits which can turn any pair of sneakers into a pair of golf shoes.
The company has managed to raise a respectable amount of startup funding since it was founded three years ago. Through multiple rounds of investments, the company has managed to raise a total of $550,000.
16. Leafwire
Year Founded: 2018
HQ: Denver, Colorado
Size: 1-10
Founder(s): Peter Vogel
Leafwire is a cannabis startup that was founded in 2018 and is based in one of the states known for cannabis, Colorado. The company operates a global business network based solely on cannabis, with a marketplace, job board, events, training, and more. Leafwire is one of the places where you can learn a lot and find what you need if you are in the cannabis business.
The company has managed to attract a nice sum of investment in the three years that it has been running. In total, four investors have decided to back the company financially. This has resulted in the company gaining $1 Million in startup funding.
17. Manatee
Year Founded: 2018
HQ: Denver, Colorado
Size: 1-10
Founder(s): Damayanti Dipayana, Shawn Kuenzler
Manatee is a healthcare startup that was founded three years ago and currently has its HQ in Denver, Colorado. The startup has a mission to make mental health support more readily available to everyone and to make the communication between patients and service providers more effective. This has the end result of improved patient care.
The healthcare startup has proven its business model to a number of investors, this is evidenced by the fact that a total of 7 investors have decided to put their money behind the business. This has resulted in the company getting funding worth $1.7 Million.
18. Pao App
Year Founded: 2018
HQ: Boulder, Colorado
Size: 1-10
Founder(s): Anna Zervos, Maddie Myall, Sara Zervos
Pao is a travel startup that was founded in 2018 and is currently based in Boulder, Colorado. The company operates an app that allows users to find hidden gem locations in a variety of travel destinations. This allows people to give to the local economy when they're travelling, instead of giving all of their money to large corporations.
The company has gone through a number of funding rounds over the last three years and this has resulted in Pao receiving a respectable amount of startup funding. This startup funding has reached a figure of $931,000.
19. ROAM
Year Founded: 2017
HQ: Boulder, Colorado
Size: 1-10
Founder(s): Christopher Jerard
Roam is a Colorado startup that was founded four years ago and is currently based in the city of Boulder. The company operates a subscription platform that allows users to subscribe to outdoor classes and get access to a range of content and events related to modern adventure activities.
The company has managed to differentiate itself from similar companies in the market, this has allowed it to receive funding from a total of ten investors. These investors collectively gave ROAM a total of $2.1 Million.
20. SpaceTogether
Year Founded: 2017
HQ: Colorado Springs, Colorado
Size: 1-10
Founder(s): Brett Farrow, Justin Knapp
SpaceTogether is a real estate startup that was founded in 2017 and is currently based in Colorado Springs, Colorado. The company provides an online platform to help people find a commercial property. This is achieved as their platform allows businesses to make money by renting out unused office space.
The company has gone through two rounds of funding and from these two rounds, the company has managed to attract a decent level of startup funding. In total, the company received a figure of $600,000 from investors.
21. Auxxit
Year Founded: 2018
HQ: Denver, Colorado
Size: 1-10
Founder(s): Laura Murtagh, Vincent J. Arena
Auxxit is a Denver startup that was founded in 2018 and is still currently based in the city. It represents an e-commerce platform that uses real-time group chat to facilitate a more conversational transaction process. This also allows for event-like auctions on the platform.
The company has managed to attract a decent level of startup funding to assist with the development of its business. The total amount of investment has come to a figure of $285,000 over the last three years.
