The Colorado startup scene just got a little more legit.
A new report compiled by Built In Denver boasts a record-setting year for companies in software, digital business-to-business services and consumer web. Though mobile and e-commerce remain a fraction of the local tech sector according to the report, the national trends point to big opportunities for growth considering the new money and talent flowing through Colorado.
Erik Mitisek is especially bullish on Colorado startups.
“The spotlight on Colorado’s digital technology economy is shining bright, as government, media, large corporations, major universities and investors from around the country are taking notice — and now we have the data to prove it,” said the Built in Denver chairman and newly minted CEO of the Colorado Technology Association in a prepared statement released with the report.
One of the more encouraging data points is the 47 out-of-state investors who participated in early and growth stage financing rounds last year. That coincides with The Upstart’s own survey of national venture capital and angel investors about their rising interest in local companies — Myths Busted: VCs and angels tell all on Colorado startups.
“Colorado has developed into a state that every investor should watch,” said Brad Feld, Managing Director of the Foundry Group. “Our startup communities and economy are thriving and the companies being created here are awesome.”
Though the infographic doesn’t cite its data sources, The Upstart confirmed with Built In that it compiled the figures with U.S. Securities and Exchange Commission filings, self-reported company data, public sources and media clips. So, yeah, we’re legit.