Convercent raises $25M Series E
Tuesday afternoon, Denver-based compliance tech company Convercent announced it had raised a $25 million round of Series E funding, bringing its total funding to date to $70.8 million. The round was led by Rho Ventures, with participation from existing investors Tola Capital and Sapphire Ventures. The new funding will enable the company to further the development of its cloud-based software, which helps businesses track ethics compliance and HR initiatives. [Denver Business Journal]
Canvas Technology raises $15M series A, plans to grow tech team and scale production
Boulder-based robotics company Canvas Technology announced the close of a $15 million Series A funding. The round was led by Playground Global, which invests largely in robotics, IoT technology and software-defined hardware. Previous investors such as Xplorer Capital, AME Cloud Ventures and Morado Ventures also participated in the round. [Built In Colorado]
Recondo Technology brings on new CFO
Greenwood Village-based Recondo Technology, which creates billing and claims software for healthcare providers, added Craig Niemiec as its chief financial officer. Niemiec is a seasoned tech leader, having served as CFO at AxisPoint Health and IMD-Soft, in addition to other leadership roles. He will help to drive both savings and revenue to continue driving Recondo's 40 percent year-over-year growth. [InnovationNews]
Denver-based OverWatchID lands $2M for cybersecurity platform
OverWatchID raised more than $2 million in funding this week to support the growth of its identity security platform. The round includes funding from a number of previous investors, including Englewood's Copper River Advisors. The new investment will enable the cybersecurity startup to expand its marketing, sales and product teams. [Press release]
