From Shark Tank proposals, expansions and funding announcements, the Centennial State was busy last week. Learn how these local tech companies are fueling growth. This is the Built In Colorado weekly refresh.
Assignar gained $16.5M. The cloud-based construction platform closed $16.5 million in a recent funding round. Assignar works for self-perform general contractors and subcontractors on infrastructure projects across different markets. The company, which also raised funds in May, will continue to expand its platform as well as grow its team. [FinSMEs]
Wedfuly accepted funding from a Shark Tank investor. The live-streaming wedding platform went on ABC’s Shark Tank and received an offer from Robert Herjavec: $200,000 for 10 percent equity in Wedfuly. After the episode aired, the company was overwhelmed with additional offers and opportunities. Wedfuly will continue to help couples cut down on wedding costs while having the virtual wedding of their dreams. [Built In Colorado]
COLORADO TECH QUOTE OF THE WEEK
Elsmere expanding in Colorado. Founded in 2012, Elsmere Education partners with higher education to research, develop and market graduate programs. The education tech company will add 138 jobs over the next eight years. It will continue to operate out of Denver as it expands. [Built In Colorado]
RADICL gained $3M. RADICL Defense will use this latest funding to add to its team and continue developing its platform. RADICL is a seed stage company focusing on cybersecurity and national security, with a headquarters in Boulder. The company was founded by experienced cybersecurity leader Chris Petersen. [RADICL]
