Access Ventures & Crunchbase Report: The State of VC & Investment Activity in Colorado in 2020
Colorado is no longer just an early-stage ecosystem. Over the past 10 years, Colorado’s startup ecosystem has matured and, with it, venture capital investment, talent, and secondary locations (and relocations) of Fortune 500 technology companies have followed. Coinciding with this evolution, Colorado has seen a surge in advanced industries expertise, spin-off startups, and outside investment.
Prior to 2020, Colorado saw a rapid year-over-year increase in funding and deals. With the obvious impact of COVID-19 on the economy both nationally and regionally, 2020 was an interesting year to cipher. While the number of deals in 2020 decreased by 13 percent compared to 2019 due to the economic effect of COVID-19, Colorado was in range with the rest of the country which saw an overall deal decline of 10 percent.
Crunchbase partnered with Access Ventures to crunch the numbers and analyze the State of VC & Investment Activity in Colorado in 2020. This report covers Colorado’s deal flow in 2020, the fastest growing industries for investment, talent trends and outside vs. inside investment in the state.
Colorado is a home away from home for national unicorns
Burgeoning tech companies have chosen Colorado time and time again as their secondary HQ location and doubled down on expanding their locations. Colorado is home to 584 tech firms with 689 in-state locations. Slack, Splunk, Facebook, Google, Palantir and Robinhood are just a few of the unicorns to set up shop in Colorado. Four local tech companies – Ibotta, (Read more...)