Innosphere Ventures Releases 2023 Colorado Venture Capital Report 

 A Definitive Insight into the State’s Thriving Startup Ecosystem 

 

FORT COLLINS, CO – Innosphere Ventures, a technology incubator dedicated to supporting and nurturing startups, is excited to announce the release of the much-anticipated 2023 Colorado VC Report. This comprehensive report sheds light on the state’s venture capital scene and highlights key insights into investment trends and opportunities. 

Despite national trends, Colorado’s VC landscape experienced resilience in 2023, with a staggering $4.3 billion invested across 496 deals. This robust investment activity underscores the enduring appeal of Colorado to investors and the state’s thriving startup environment. 

 Strategic investments in 2023 were notable in verticals such as CleanTech, SaaS, and Life Sciences, showcasing investor confidence in these industries. Combined these verticals had nearly $1.6B in Venture Capital investment, and 186 deals in 2023. 

Moreover, Colorado witnessed significant venture capital-backed exit activity, with 2023 surpassing the previous two years with over $2.7B in exit value. This trend underscores the high potential for lucrative exits within the state’s dynamic startup ecosystem. 

“Colorado continues to work towards becoming an elite venture capital ecosystem. The shifting landscape may provide short-term headwinds in this effort; however, it may also provide opportunities for others to step in and fill gaps. We look forward to working with those committed to continuing to build the innovation culture in this region,” said Innosphere COO, Tim Jones.  

Innosphere Ventures Fund II ranked in the top five in 2023 in venture investments joining TechStars, Service Provider Capital, Range Ventures, and Denver Angels. “We’re proud to play a role in supporting the growth of science and technology startups across various sectors,” stated Mike Freeman, General Partners for Fund II. 

The venture capital landscape in Colorado is heavily influenced by cross-state or out-of-state headquartered investors, contributing 70.3% to VC deal activity in 2023. This strong interstate confidence underscores the state’s innovation and growth potential. 

The 2023 Colorado VC Report provides invaluable insights for investors, entrepreneurs, and stakeholders interested in understanding the dynamics of Colorado’s vibrant venture capital ecosystem.

You can read the report today by following the link HERE

 

Written by: Jack Hemmelgarn: Innosphere Research Analyst  

About Innosphere Ventures: 

Innosphere Ventures accelerates the success of founders and university researchers who are launching and scaling science and technology-based startup companies with regional, industry-specific incubation programs, office and specialized wet laboratory facilities, and venture capital funds. Innosphere is a 501(c)(3) non-profit organization with a mission to grow the region’s innovation ecosystem and to support the commercialization efforts of startup companies in advanced industries. As the lead applicant of the NSF Engines proposal, Innosphere will spearhead the initiatives of the Colorado-Wyoming Climate Resilience Engine. www.innosphereventures.org 

For media inquiries please contact Betty Cozzolino at [email protected]