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Metro Denver startup funding still strong, bucking national trends

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Metro Denver startup funding still strong, bucking national trends


Assist for the Denver-Aurora tech scene is staying sturdy to this point this yr, regardless of a nationwide hunch in enterprise capital, new information from Pitchbook exhibits.

Why it issues: The tech trade is a significant driver of Colorado’s financial system, and it might act as a key cushion amid a probable U.S. recession.

  • A slowdown in investments might result in fewer startups changing into main employers, and even layoffs.

The massive image: U.S. startup funding fell 23% in 2022’s second quarter, to $62.3 billion, in line with Pitchbook information launched this month.

  • That is the steepest drop since 2019, the New York Occasions reviews.

Sure, however: Mile Excessive Metropolis startups raised $1.8 billion in Q2, up roughly 185% from the identical interval final yr, the report exhibits.

By the numbers: The metro space’s second quarter delivered 75 offers — 17% decrease than the identical time interval in 2021.

  • Of the $1.8 billion raised in Q2 2022, $505 million went to Crusoe Vitality Programs, a Denver-based startup that makes use of extra pure fuel from oil and fuel firms to energy cryptocurrency mining operations.

Particulars: After Crusoe’s hefty haul, these three startups raised essentially the most cash throughout Colorado in Q2:

What to observe: Denver’s early-stage startups are getting ready for a attainable drop in valuations and a enterprise capital downturn.

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What they’re saying: Younger startups face extra stress to show their effectivity and moneymaking talents, Harry Hollines, chief technique officer on the Latino Management Institute, not too long ago instructed the Denver Enterprise Journal.

  • “Those that have a line of sight towards profitability will get the VC cash for the following 18 or 24 months,” Hollines mentioned.



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Denver, CO

RTD’s L Line will be suspended for pretty much all day on Tuesday along downtown Denver for maintenance work

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RTD’s L Line will be suspended for pretty much all day on Tuesday along downtown Denver for maintenance work


DENVER — People working or traveling through downtown Denver Tuesday might want to find another way to commute if taking RTD’s L Line as service will be suspended pretty much all day for maintenance work.

The Regional Transportation District (RTD) will temporarily suspend L Line service along the Welton corridor between 20th/Welton and 30th/Downing stations from start of service until 5 p.m. as crews perform rail maintenance.

The L Line will not operate along the corridor or in the Downtown Loop during the temporary suspension, but the D and H lines will continue to operate in the Downtown Loop. Customers can also use Bus Route 43 as a alternative to the L Line.

Customers are encouraged to use RTD’s Next Ride App to plan a trip, view other travel options, or receive Service Alerts.

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Denver, CO

Broncos fortunate free agent signings didn’t get poached

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Broncos fortunate free agent signings didn’t get poached


File this story under things that happen every year, but you don’t really think about it or dwell on it. However, since the opening of ‘legal’ tampering in the NFL the cut-throat behavior between teams to get the best talent on the open market is pretty intense. That nearly happened to two of the Denver Broncos three top free agent signings this year. Imagine how irritated we’d be as fans had that happened.

Mike Klis of 9News dropped some interesting news this week relating to two of Denver’s biggest acquisitions: safety Talanoa Hufanga and linebacker Dre Greenlaw. Both were targeted after news broke of them having an agreement in place with the Broncos.

Sources have told 9NEWS that after reports of an agreement surfaced between the safety Hufanga and the Broncos on a three-year deal with a max value of $45 million last Monday, March 10, the New York Jets swooped in to make an after-the-bell pitch of sorts to Hufanga with a sweetened offer.

The New York Jets were the first to try and steal Hufanga out from under Denver’s feet, but fortunately he decided to stick with the original deal and is now a Denver Bronco. The same tactic was tried with Dre Greenlaw and special teamer Trent Sherfield after they initially placed a verbal agreement to sign with Denver.

At least with the Jets, both teams had to work through Hufanga’s agent so the playing field was level. With the other two, the San Francisco 49ers were allowed to reach out directly to Greenlaw as he was still technically under contract and the same went for the Minnesota Vikings and Sherfield.

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That both decided to commit to leaving anyway to Denver is a huge win for the Broncos. With most of their defense under contract and attacking their weakest links with the Hufanga and Greenlaw signings, the Broncos look pretty dangerous on paper on that side of the ball. Getting a special teams ace was the cherry on top.

It must be a wild two days for every front office in the NFL during that legal tampering window. All we get are the week-after action reports and even those are crazy. In any case, glad it all worked out for us fans in the end.

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Denver, CO

Denver mayor and staff used encryption app to discuss migrant crisis

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Denver mayor and staff used encryption app to discuss migrant crisis



Denver mayor and staff used encryption app to discuss migrant crisis – CBS Colorado

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Denver’s mayor and 14 of his top advisors, appointees and lawyers nicknamed themselves “Strike Force” and communicated about the migrant crisis through an end-to end encryption app that then proceeded to automatically delete their initial conversations.

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