Investors sunk $336.9 million into Colorado companies during the first quarter of 2018, ranking it as the 8th most funded state nationwide during the quarter, according to the MoneyTree venture capital report by PriceWaterhouseCoopers and CB Insights.
“Colorado companies continue to see strong investing,” said Rob Ward, a PwC analyst based in Denver. “Colorado digital health companies are contributing to and breaking new ground around blockchain, artificial intelligence and big data to help corporations and healthcare providers better understand and manage healthcare costs and provide platforms for people to manage their own well-being.”
The first quarter amount is about a 40 percent drop from first quarter a year ago — an unusually high quarter. But at $336.9 million, it was Colorado’s second largest first quarter since 2000.
According to PwC data, top deals for the quarter included three Boulder companies: ; biotech firm Inscripta (formerly Muse Biotechnology), at $55.5 million; and SomaLogic, another biotech firm that raised $39 million. Overall, Colorado had 37 companies raise venture capital, which ranked the state fifth nationwide in the number of deals.
Nationwide, companies raised $21.1billion from investors for a total of 1,206 deals. That’s the highest amount raised in a first quarter since 2000, with Uber topping the chart at $1.3 billion.
