“While New York may have started out being very media and ad-tech oriented, it has diversified and become very accommodating to VC investment generically,” says Brian Rich, managing partner of New York-based growth equity firm Catalyst Investors. “The community has been built up substantially. Major tech companies like Google are fostering a base of talented workers for start-ups in the New York area.”
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.