BizWest: Datavail’s $47.3M tops Colorado’s 4Q VC deals list

Datavail’s $47.3 million tops Colorado’s 4Q venture-capital deals list
By Doug Storum

Broomfield-based Datavail Corp., a provider of remote database administration services, received $47.3 million in venture capital during the fourth quarter, the largest deal in Colorado for the period.

Datavail’s seventh round of funding was backed by Catalyst Investors LLC, Boulder Ventures Ltd., Montis Capital LLC, Meritage Funds and an undisclosed firm, according to the quarterly MoneyTree Report released Friday.

Seven companies in Boulder, and one each in Louisville, Longmont and Fort Collins accounted for 10 of the state’s 26 venture-capital deals in the quarter.

Nine of the 10 deals totaled approximately $127 million, or 47 percent of the $271.7 million raised statewide in 23 of 26 deals. Amounts for three deals were not disclosed in the report, including one for Xyleme Inc., a software company in Boulder.

Area companies also receiving venture capital during the fourth quarter were:

MiRagen Therapeutics Inc., Boulder, biopharmaceutical company discovering and developing microRNA —  $41 million from MP Healthcare Venture Management Inc., Brace Pharmaceuticals Inc., Jafco Co Ltd., Remeditex Ventures LLC, Atlas Venture, Merck Global Health Innovation Fund LLC, Boulder Ventures Ltd. and Amgen Inc.

Occipital LLC, Boulder, develops software for digital photos — $15 million from DFJ Frontier and an undisclosed firm.

VictorOps Inc., Boulder, makes a software platform that helps software-as-a-service companies manage and remediate software system alerts and outages in real time — $10.6 million from Foundry Group LLC and Costanoa Venture Capital LP.

Kapteyn-Murnane Laboratories Inc., Boulder, manufactures laser systems — $5.5 million from Intel Capital Corp. and Vestar Capital Partners Inc.

Door to Door Organics Inc., Louisville, provides online grocery shopping services — $4.1 million from Arlon Group LLC.

Two Moms in the Raw Inc., Longmont, makes gluten-free raw snacks — $2.9 million from NGEN Partners LLC.

nVoq Inc., Boulder, software firm that provides cloud-based speech-recognition products — $500,000 from an undisclosed firm.

Prieto Battery Inc., Fort Collins, develops lithium ion battery technology — $120,000 from Intel Capital Corp.

Xlyleme Inc., Boulder, software firm providing XML data-processing services — undisclosed amount from Wavemaker Partners.

Statewide, venture capitalists invested $782.6 million on 87 deals in 2015, down from $817.4 million on 74 deals in 2014.

Nationally, venture capitalists invested $11.3 billion in 962 deals during the fourth quarter, down from $16.6 billion in 1,149 deals in the third quarter. The fourth quarter marks the eighth-consecutive quarter of more than $10 billion of venture capital invested in a single quarter, but also represents the smallest amount invested since the third quarter of 2014.

The venture-capital ecosystem deployed $58.8 billion across the United States in 2015, the second-highest yearly total in the last 20 years.

The report is compiled by PricewaterhouseCoopers LLP and the National Venture Capital Association based on data provided by Thomson Reuters.


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