The Term Sheet: Startup funding roundup for June

Kate Tracy July 11, 2017 0

LoDo-based home monitoring startup Notion pocketed $10 million in funding.

Melody Health Insurance used a $3 million raise to acquire an Alamosa-based firm.

MuscleSound raised a portion of its $5 million venture capital funding round.

Denver-based CirrusMD got dished its largest lump of funding to date: $7.2 million.

Revolar raised $1 million for its emergency alert device.

PharmaJet raised $3 million for its needle-free vaccine delivery device.

Medical device companies – from instruments that measure muscle health to a needle-less vaccine injector – were just some of the businesses biting off a piece of $257 million raised by Colorado companies in June.

In BusinessDen’s most recent tally of startup funding, the first month of summer brought in $62.6 million for startups statewide, $20 million more than the same period last year.

Denver startups led the funding with $26.6 million, while Boulder startups received $17.2 million. The rest of the state’s young firms had $18.8 million in investment.

BusinessDen defines a startup as a company that’s less than 10 years old and excludes funds or real estate companies. For a downloadable spreadsheet of June’s term sheet, click here.

Nearly one-third of Denver’s startup funding is thanks to Notion, which makes small devices monitoring motion, temperature and other home safety measures. The startup raised $10 million in June.

Here is a list of BusinessDen’s other coverage from last month’s capital raises:

  • Friday Health Plans (formerly Melody Health Insurance) spent a third of its $3 million raise to acquire Alamosa-based Colorado Choice Health Plans`.
  • MuscleSound, a company using software to monitor muscle health for athletes and hospital patients, raised $566,000 of a $5 million offering.
  • CirrusMD, which allows patients to text doctors, raised $7.2 million.
  • Denver-based Revolar, which makes a thumb-sized device that alerts emergency contacts when the wearer pushes it, raised $1 million.
  • PharmaJet, a Golden-based company that invented a device to inject vaccines without a needle, raised $3 million.

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