VC dollars continue to pour into Boulder

VC dollars continue to pour into Boulder

by David Cohen
Posted on 06/14/2008
As I discussed back in April, VC dollars continue to roll in Boulder. It's doubtful we'll reach the $266.8M level that we reached in the first quarter of this year. But here's some of the most recent action. Symplified recently raised $6M from Granite Ventures and Allegis Capital. Rally Software just raised $16.8M from Mohr Davidow Ventures (MDV) and existing investors Vista Ventures, Boulder Ventures, and Mobius Venture Capital. I chatted briefly about this with CEO Tim Miller, who has already been super helpful this year with TechStars and is surprisingly good at ping-pong, as it turns out. Tim said:
"It’'s great to have closed a large round. It's great to have a large balance sheet to fuel growth. It sucks to still not have enough money to do everything we want. After the dust settled, we’re back to betting everything (again) on our next phase of growth. Never a moment to get comfortable with the status quo. I wouldn’'t have it any other way....." - Rally CEO Tim Miller
There's also at least one $3M+ financing that according to my sources seems to have occurred recently here in Boulder but they're oh so stealthy. Fine, as you wish. No link-love for you, stealthy one.
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[...] Congrats to Todd, Micah, Tara and the gang at Lijit on this next step in their evolution. It’s great to see VC money continuing to be deployed widely here in Boulder. [...]

[...] Cohen, one of Boulder’s celebrity VCs, announces two new fundings today at his blog, ColoradoStartups.com: Symplified recently raised $6M from Granite Ventures and Allegis [...]

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