Boulder Ventures

Boulder Ventures Limited is a venture capital firm founded in 1995 and headquartered in Boulder, Colorado, with additional offices in Chevy Chase and Owings Mills, Maryland. The firm specializes in early-stage investments in the information technology and life sciences sectors, focusing on areas such as communications software, network infrastructure, optical systems, information management, and biotechnology. Boulder Ventures typically invests between $1 million and $4 million as an initial investment, with total funding reaching between $5 million and $10 million throughout a company's lifecycle. The firm primarily targets companies based in the Mid-Atlantic and Colorado regions, often leading investment deals within its portfolio.

Kyle Lefkoff

Founder & General Partner

Matt Paul

CFO

Jonathan Perl

General Partner

Peter Roshko

General Partner

Past deals in Colorado

MBio Diagnostics

Series B in 2020
MBio Diagnostics, Inc., operating under the name LightDeck Diagnostics, specializes in developing on-the-spot clinical diagnostics and sample testing products that deliver rapid results for various diseases, including HIV, hepatitis, COVID-19, and influenza. The company utilizes advanced technology to create its proprietary LightDeck platform, which combines a laser waveguide with novel materials to provide lab-quality results in minutes. Their product lineup includes MBio multiplex analyzers and disposable cartridges designed for diverse applications across medical, veterinary, environmental, food, agricultural, and military sectors. Additionally, MBio offers multiplexed fluorescence immunoassay systems capable of measuring multiple analytes from a single sample, as well as specialized illumination systems for fluorescence assays. Established in 2009 and headquartered in Boulder, Colorado, MBio Diagnostics aims to enhance point-of-care testing accessibility in various settings, including emergency departments, nursing homes, pharmacies, and workplaces.

DMC

Series A in 2019
DMC Biotechnologies, Inc., a biotechnology company, develops bio-based products using microbial fermentation technology. The company's technology for engineering of microbial hosts enables the production of specialty chemicals, flavors, fragrances, nutraceuticals, natural products, and pharmaceuticals. It develops and deploys Dynamic Metabolic Control technology that reduces the cost and development timeline from discovery to commercial performance. DMC Biotechnologies, Inc. was founded in 2017 and is based in Boulder, Colorado.

ArcherDX

Series C in 2019
ArcherDX, Inc. is a genomics company based in Boulder, Colorado, focused on advancing molecular pathology through next-generation sequencing technology. Established in 2013, the company develops and commercializes a range of research products, including DNA-based VariantPlex, RNA-based FusionPlex, ctDNA-based LiquidPlex, and RNA-based Immunoverse, aimed at optimizing therapy and monitoring cancer. ArcherDX also creates in-vitro diagnostic products and offers customizable assay design services to clinical and biopharmaceutical clients, enabling the development of new applications tailored to specific biomarker targets. The Archer platform utilizes proprietary Anchored Multiplexed PCR (AMP™) chemistry and sophisticated bioinformatics to enhance genetic mutation detection significantly. The company's products and services are utilized by academic and reference laboratories, biopharmaceutical firms, and contract research organizations, with ongoing efforts to gain regulatory approval for various companion diagnostic assays. As of October 2020, ArcherDX operates as a subsidiary of Invitae Corporation.

ArcherDX

Series B in 2019
ArcherDX, Inc. is a genomics company based in Boulder, Colorado, focused on advancing molecular pathology through next-generation sequencing technology. Established in 2013, the company develops and commercializes a range of research products, including DNA-based VariantPlex, RNA-based FusionPlex, ctDNA-based LiquidPlex, and RNA-based Immunoverse, aimed at optimizing therapy and monitoring cancer. ArcherDX also creates in-vitro diagnostic products and offers customizable assay design services to clinical and biopharmaceutical clients, enabling the development of new applications tailored to specific biomarker targets. The Archer platform utilizes proprietary Anchored Multiplexed PCR (AMP™) chemistry and sophisticated bioinformatics to enhance genetic mutation detection significantly. The company's products and services are utilized by academic and reference laboratories, biopharmaceutical firms, and contract research organizations, with ongoing efforts to gain regulatory approval for various companion diagnostic assays. As of October 2020, ArcherDX operates as a subsidiary of Invitae Corporation.

ArcherDX

Series A in 2018
ArcherDX, Inc. is a genomics company based in Boulder, Colorado, focused on advancing molecular pathology through next-generation sequencing technology. Established in 2013, the company develops and commercializes a range of research products, including DNA-based VariantPlex, RNA-based FusionPlex, ctDNA-based LiquidPlex, and RNA-based Immunoverse, aimed at optimizing therapy and monitoring cancer. ArcherDX also creates in-vitro diagnostic products and offers customizable assay design services to clinical and biopharmaceutical clients, enabling the development of new applications tailored to specific biomarker targets. The Archer platform utilizes proprietary Anchored Multiplexed PCR (AMP™) chemistry and sophisticated bioinformatics to enhance genetic mutation detection significantly. The company's products and services are utilized by academic and reference laboratories, biopharmaceutical firms, and contract research organizations, with ongoing efforts to gain regulatory approval for various companion diagnostic assays. As of October 2020, ArcherDX operates as a subsidiary of Invitae Corporation.

SyncHR

Series A in 2017
SyncHR is a cloud-based Human Capital Management (HCM) technology provider focused on simplifying and streamlining HR processes for mid-sized companies. Established in 2010, SyncHR offers an integrated application that combines core HR functions, benefits management, payroll processing, and reporting into a single platform. The company's patented technology enhances productivity and economic value by automating complex HCM tasks and centralizing data, which ensures accuracy and ease of access. SyncHR prioritizes user experience with an intuitive interface and supports clients through dedicated services and rapid implementation times. By offering a comprehensive solution, SyncHR enables organizations to manage the employee lifecycle more effectively and efficiently.

Closetbox

Series A in 2017
Closetbox is a full-service storage solution. We come to your home and pick up everything--for free. We store everything securely and provide a digital inventory of your items. Whenever you want something or everything back, we return it on-demand. We do this all for about the same cost as traditional self-storage, except we do all the work for you. All you have to pick up is your feet. Closetbox is able to keep costs down and offer a free pickup by contracting with local movers to fill unused capacity in their warehouses and on their trucks. Our business model is so unique and efficient that we have been able to grow like wildfire. We are now the only nationwide full-service storage company with over 100 agent locations in 65 cites.

Black Bear Energy

Series A in 2016
Black Bear Energy Inc. is a renewable energy buyer’s representative based in Boulder, Colorado, specializing in the development of renewable and clean technology projects across the United States. Founded in 2015, the company focuses on providing tailored solutions that include solar energy, energy storage, community solar initiatives, and LED lighting. Black Bear Energy serves large property owners and users, assisting them in procuring renewable energy at competitive prices without being tied to any specific manufacturers or suppliers. The company aligns its interests with those of its clients by embedding its fees in project costs, ensuring that it is compensated only upon successful project completion. Black Bear Energy's experienced team is dedicated to creating value-added projects and overseeing their implementation, leveraging a proven track record with some of the largest real estate owners in the country.

Closetbox

Series A in 2016
Closetbox is a full-service storage solution. We come to your home and pick up everything--for free. We store everything securely and provide a digital inventory of your items. Whenever you want something or everything back, we return it on-demand. We do this all for about the same cost as traditional self-storage, except we do all the work for you. All you have to pick up is your feet. Closetbox is able to keep costs down and offer a free pickup by contracting with local movers to fill unused capacity in their warehouses and on their trucks. Our business model is so unique and efficient that we have been able to grow like wildfire. We are now the only nationwide full-service storage company with over 100 agent locations in 65 cites.

Datavail

Series E in 2015
Datavail Corporation provides remote database management services. It offers design and architecture, database administration, outsourcing, and staff augmentation services, as well as provides support services, such as monitoring, troubleshooting, incident management, corrective maintenance, service request fulfillment, installation, upgrade, backup, and recovery. The company was incorporated in 2007 and is based in Broomfield, Colorado with an additional office in Mumbai, India.

CommercialTribe

Series B in 2015
CommercialTribe, Inc. develops a sales team assessment and behavioral-based observational learning platform. The company offers a software as a service (SaaS) based platform, CT Connect, which provides coaching, video training, sales framework alignment, sales management, operations, enablement, tools and framework for assessment of sales workflow, performance management, and analytics and reporting tools and services. The company was founded in 2013 and is based in Denver, Colorado.

Miragen Therapeutics

Series C in 2015
MiRagen is a biopharmaceutical company that discovers and develops innovative microRNA-targeting therapies to improve human health, specifically in disease areas of high unmet medical need. The company leverages in-house expertise in miRNA biology, oligonucleotide chemistry, and drug development to evaluate and advance best-in-class technologies and high-potential drug candidates for its own pipeline or in conjunction with strategic partners. The company was founded in 2007 and headquartered in Boulder, Colorado.

SyncHR

Series A in 2015
SyncHR is a cloud-based Human Capital Management (HCM) technology provider focused on simplifying and streamlining HR processes for mid-sized companies. Established in 2010, SyncHR offers an integrated application that combines core HR functions, benefits management, payroll processing, and reporting into a single platform. The company's patented technology enhances productivity and economic value by automating complex HCM tasks and centralizing data, which ensures accuracy and ease of access. SyncHR prioritizes user experience with an intuitive interface and supports clients through dedicated services and rapid implementation times. By offering a comprehensive solution, SyncHR enables organizations to manage the employee lifecycle more effectively and efficiently.

Miragen Therapeutics

Series B in 2015
MiRagen is a biopharmaceutical company that discovers and develops innovative microRNA-targeting therapies to improve human health, specifically in disease areas of high unmet medical need. The company leverages in-house expertise in miRNA biology, oligonucleotide chemistry, and drug development to evaluate and advance best-in-class technologies and high-potential drug candidates for its own pipeline or in conjunction with strategic partners. The company was founded in 2007 and headquartered in Boulder, Colorado.

Rapt Media

Series B in 2014
Rapt Media, Inc. is a Boulder, Colorado-based company that provides a cloud-based interactive video authoring platform, enabling businesses and creative professionals to produce engaging videos for various applications, including marketing, education, and training. The platform facilitates the creation of interactive, non-linear videos that allow users to interact with content in real-time, enhancing viewer engagement and learning outcomes. Rapt Media also offers a range of services, including creative solutions, branching options, link outs, and strategic guidance. The platform's user-friendly drag-and-drop interface supports the deployment of videos across multiple devices, such as browsers, tablets, and mobile phones. Originally founded as FlixMaster in 2011, the company rebranded to Rapt Media in 2013 and has since become a subsidiary of Kaltura Inc.

Miragen Therapeutics

Series B in 2014
MiRagen is a biopharmaceutical company that discovers and develops innovative microRNA-targeting therapies to improve human health, specifically in disease areas of high unmet medical need. The company leverages in-house expertise in miRNA biology, oligonucleotide chemistry, and drug development to evaluate and advance best-in-class technologies and high-potential drug candidates for its own pipeline or in conjunction with strategic partners. The company was founded in 2007 and headquartered in Boulder, Colorado.

CommercialTribe

Series A in 2014
CommercialTribe, Inc. develops a sales team assessment and behavioral-based observational learning platform. The company offers a software as a service (SaaS) based platform, CT Connect, which provides coaching, video training, sales framework alignment, sales management, operations, enablement, tools and framework for assessment of sales workflow, performance management, and analytics and reporting tools and services. The company was founded in 2013 and is based in Denver, Colorado.

LineRate Systems

Venture Round in 2012
Request Rejected

Datavail

Series C in 2012
Datavail Corporation provides remote database management services. It offers design and architecture, database administration, outsourcing, and staff augmentation services, as well as provides support services, such as monitoring, troubleshooting, incident management, corrective maintenance, service request fulfillment, installation, upgrade, backup, and recovery. The company was incorporated in 2007 and is based in Broomfield, Colorado with an additional office in Mumbai, India.

Miragen Therapeutics

Series B in 2012
MiRagen is a biopharmaceutical company that discovers and develops innovative microRNA-targeting therapies to improve human health, specifically in disease areas of high unmet medical need. The company leverages in-house expertise in miRNA biology, oligonucleotide chemistry, and drug development to evaluate and advance best-in-class technologies and high-potential drug candidates for its own pipeline or in conjunction with strategic partners. The company was founded in 2007 and headquartered in Boulder, Colorado.

Market Force Information

Debt Financing in 2011
Market Force Information provides consumer experience information and insights for multi-location businesses. Through a suite of products, Market Force Information helps businesses increase customer loyalty and protect the brand at the store level through the corporate level. They have headquarters in Colorado and were founded in 2005.

Rally Software

Series E in 2011
Rally Software provides tools designed to support agile development practices, enabling teams to plan, prioritize, and track their work collaboratively. The platform allows users to visualize tasks through various formats such as lists, boards, and timelines, enhancing project management efficiency. By offering a centralized hub for work management, Rally Software helps teams align their daily activities with broader business objectives, ensuring that all efforts contribute to the organization's goals.

sovrn

Series E in 2011
Sovrn offers products and services to tens of thousands of online publishers that help them grow, operate their business, understand their readership, and manage consumer data. Sovrn is dedicated to helping content creators do more of what they love, and less of what they don’t. The company is headquartered in Boulder, Colorado with offices in San Francisco, New York, and London.

LineRate Systems

Series A in 2011
Request Rejected

BroadHop

Venture Round in 2010
BroadHop's policy control solutions enable telecom service providers to take control of their converged networks. The global leader in policy control deployments, BroadHop has more than 65 policy installations at service providers worldwide. Its open policy platform is the only one designed to support all elements of policy control, making it possible to efficiently control, monetize, and personalize any service, regardless of whether the network has new or legacy components, in-network or third-party services, wired or wireless access technologies.

BiOptix LLC

Series B in 2010
BiOptix Diagnostics is a developer of a biomolecule detection system. BiOptix developed an array-based biomolecule detection system that addresses many markets that currently cannot obtain the needed sensitivity and throughput in a single solution. It was founded in 2008 and is headquartered in Boulder, Colorado.

Rally Software

Venture Round in 2010
Rally Software provides tools designed to support agile development practices, enabling teams to plan, prioritize, and track their work collaboratively. The platform allows users to visualize tasks through various formats such as lists, boards, and timelines, enhancing project management efficiency. By offering a centralized hub for work management, Rally Software helps teams align their daily activities with broader business objectives, ensuring that all efforts contribute to the organization's goals.

Centerstone Technologies

Venture Round in 2009
Centerstone Technologies, Inc. specializes in designing and developing a software as a service (SaaS) platform focused on B2B e-commerce applications for specialty retailers and sales representatives. The company’s flagship product, iVendix, serves as an international platform tailored for wholesale sales and marketing in the accessories, footwear, and apparel sectors. It facilitates a streamlined purchasing experience by connecting sales representatives, agents, key account managers, and retailers. Additionally, Centerstone provides integration services to enhance its offerings. Founded in 2000 and headquartered in Denver, Colorado, with an office in Paris, France, Centerstone Technologies operates as a subsidiary of PlumRiver LLC. The company aims to deliver value to its customers through innovative digital marketing and sales tools, ensuring a seamless user experience while minimizing IT downtime for clients.

BroadHop

Series A in 2009
BroadHop's policy control solutions enable telecom service providers to take control of their converged networks. The global leader in policy control deployments, BroadHop has more than 65 policy installations at service providers worldwide. Its open policy platform is the only one designed to support all elements of policy control, making it possible to efficiently control, monetize, and personalize any service, regardless of whether the network has new or legacy components, in-network or third-party services, wired or wireless access technologies.

Miragen Therapeutics

Series A in 2009
MiRagen is a biopharmaceutical company that discovers and develops innovative microRNA-targeting therapies to improve human health, specifically in disease areas of high unmet medical need. The company leverages in-house expertise in miRNA biology, oligonucleotide chemistry, and drug development to evaluate and advance best-in-class technologies and high-potential drug candidates for its own pipeline or in conjunction with strategic partners. The company was founded in 2007 and headquartered in Boulder, Colorado.

Centerstone Technologies

Debt Financing in 2009
Centerstone Technologies, Inc. specializes in designing and developing a software as a service (SaaS) platform focused on B2B e-commerce applications for specialty retailers and sales representatives. The company’s flagship product, iVendix, serves as an international platform tailored for wholesale sales and marketing in the accessories, footwear, and apparel sectors. It facilitates a streamlined purchasing experience by connecting sales representatives, agents, key account managers, and retailers. Additionally, Centerstone provides integration services to enhance its offerings. Founded in 2000 and headquartered in Denver, Colorado, with an office in Paris, France, Centerstone Technologies operates as a subsidiary of PlumRiver LLC. The company aims to deliver value to its customers through innovative digital marketing and sales tools, ensuring a seamless user experience while minimizing IT downtime for clients.

BiOptix LLC

Series A in 2009
BiOptix Diagnostics is a developer of a biomolecule detection system. BiOptix developed an array-based biomolecule detection system that addresses many markets that currently cannot obtain the needed sensitivity and throughput in a single solution. It was founded in 2008 and is headquartered in Boulder, Colorado.

Rally Software

Series D in 2009
Rally Software provides tools designed to support agile development practices, enabling teams to plan, prioritize, and track their work collaboratively. The platform allows users to visualize tasks through various formats such as lists, boards, and timelines, enhancing project management efficiency. By offering a centralized hub for work management, Rally Software helps teams align their daily activities with broader business objectives, ensuring that all efforts contribute to the organization's goals.

Rally Software

Series C in 2008
Rally Software provides tools designed to support agile development practices, enabling teams to plan, prioritize, and track their work collaboratively. The platform allows users to visualize tasks through various formats such as lists, boards, and timelines, enhancing project management efficiency. By offering a centralized hub for work management, Rally Software helps teams align their daily activities with broader business objectives, ensuring that all efforts contribute to the organization's goals.

Miragen Therapeutics

Series A in 2008
MiRagen is a biopharmaceutical company that discovers and develops innovative microRNA-targeting therapies to improve human health, specifically in disease areas of high unmet medical need. The company leverages in-house expertise in miRNA biology, oligonucleotide chemistry, and drug development to evaluate and advance best-in-class technologies and high-potential drug candidates for its own pipeline or in conjunction with strategic partners. The company was founded in 2007 and headquartered in Boulder, Colorado.

Centerstone Technologies

Venture Round in 2008
Centerstone Technologies, Inc. specializes in designing and developing a software as a service (SaaS) platform focused on B2B e-commerce applications for specialty retailers and sales representatives. The company’s flagship product, iVendix, serves as an international platform tailored for wholesale sales and marketing in the accessories, footwear, and apparel sectors. It facilitates a streamlined purchasing experience by connecting sales representatives, agents, key account managers, and retailers. Additionally, Centerstone provides integration services to enhance its offerings. Founded in 2000 and headquartered in Denver, Colorado, with an office in Paris, France, Centerstone Technologies operates as a subsidiary of PlumRiver LLC. The company aims to deliver value to its customers through innovative digital marketing and sales tools, ensuring a seamless user experience while minimizing IT downtime for clients.

Datavail

Series A in 2008
Datavail Corporation provides remote database management services. It offers design and architecture, database administration, outsourcing, and staff augmentation services, as well as provides support services, such as monitoring, troubleshooting, incident management, corrective maintenance, service request fulfillment, installation, upgrade, backup, and recovery. The company was incorporated in 2007 and is based in Broomfield, Colorado with an additional office in Mumbai, India.

ARCA biopharma

Series B in 2007
ARCA biopharma, Inc. is a Colorado-based biopharmaceutical company developing genetically-targeted therapies for cardiovascular diseases. ARCA’s principal focus is to develop personalized therapies for the treatment of cardiovascular disease through the use of genetics. The Company’s business focus combines expertise in cardiovascular pathophysiology, molecular genetics and clinical development.

BaroFold

Series A in 2007
BaroFold is a privately held biopharmaceutical company focused on the development of commercially attractive protein therapeutics for immunology indications. The company's goal is to discover, develop and commercialize protein biologics, some of which incorporate its proprietary PreEMTâ„¢ high pressure folding technology along with other state-of-the-art technologies. This pipeline contains therapeutics with an Immunology focus, including Multiple Sclerosis, Rheumatoid Arthritis, and Asthma.

Market Force Information

Series B in 2007
Market Force Information provides consumer experience information and insights for multi-location businesses. Through a suite of products, Market Force Information helps businesses increase customer loyalty and protect the brand at the store level through the corporate level. They have headquarters in Colorado and were founded in 2005.

ProStor Systems

Series B in 2006
ProStor Systems provides industry-leading solutions for the cost-effective, long-term storage of digital information. ProStor's RDX® removable disk technology is shipped by leading server manufacturers Dell, HP, IBM, and others who combined have shipped over 100 petabytes to 200,000 customers worldwide. ProStor InfiniVault® is the most cost-effective storage system for the long-term retention of data and images. Find out for your organization the savings possible implementing a ProStor InfiniVault solution with their Economic Calculator.

Rally Software

Series B in 2006
Rally Software provides tools designed to support agile development practices, enabling teams to plan, prioritize, and track their work collaboratively. The platform allows users to visualize tasks through various formats such as lists, boards, and timelines, enhancing project management efficiency. By offering a centralized hub for work management, Rally Software helps teams align their daily activities with broader business objectives, ensuring that all efforts contribute to the organization's goals.

ARCA biopharma

Series A in 2006
ARCA biopharma, Inc. is a Colorado-based biopharmaceutical company developing genetically-targeted therapies for cardiovascular diseases. ARCA’s principal focus is to develop personalized therapies for the treatment of cardiovascular disease through the use of genetics. The Company’s business focus combines expertise in cardiovascular pathophysiology, molecular genetics and clinical development.

BaroFold

Venture Round in 2006
BaroFold is a privately held biopharmaceutical company focused on the development of commercially attractive protein therapeutics for immunology indications. The company's goal is to discover, develop and commercialize protein biologics, some of which incorporate its proprietary PreEMTâ„¢ high pressure folding technology along with other state-of-the-art technologies. This pipeline contains therapeutics with an Immunology focus, including Multiple Sclerosis, Rheumatoid Arthritis, and Asthma.

ProStor Systems

Venture Round in 2005
ProStor Systems provides industry-leading solutions for the cost-effective, long-term storage of digital information. ProStor's RDX® removable disk technology is shipped by leading server manufacturers Dell, HP, IBM, and others who combined have shipped over 100 petabytes to 200,000 customers worldwide. ProStor InfiniVault® is the most cost-effective storage system for the long-term retention of data and images. Find out for your organization the savings possible implementing a ProStor InfiniVault solution with their Economic Calculator.

Centerstone Technologies

Venture Round in 2005
Centerstone Technologies, Inc. specializes in designing and developing a software as a service (SaaS) platform focused on B2B e-commerce applications for specialty retailers and sales representatives. The company’s flagship product, iVendix, serves as an international platform tailored for wholesale sales and marketing in the accessories, footwear, and apparel sectors. It facilitates a streamlined purchasing experience by connecting sales representatives, agents, key account managers, and retailers. Additionally, Centerstone provides integration services to enhance its offerings. Founded in 2000 and headquartered in Denver, Colorado, with an office in Paris, France, Centerstone Technologies operates as a subsidiary of PlumRiver LLC. The company aims to deliver value to its customers through innovative digital marketing and sales tools, ensuring a seamless user experience while minimizing IT downtime for clients.

Rally Software

Series A in 2003
Rally Software provides tools designed to support agile development practices, enabling teams to plan, prioritize, and track their work collaboratively. The platform allows users to visualize tasks through various formats such as lists, boards, and timelines, enhancing project management efficiency. By offering a centralized hub for work management, Rally Software helps teams align their daily activities with broader business objectives, ensuring that all efforts contribute to the organization's goals.

Lefthand Networks

Series C in 2003
Provider of data storage systems and ip-based storage area networks

Finali

Series C in 2002
Finali provides integrated customer support and sales support management services for e-commerce sites. It provides companies with netSage Automated Agent, its proprietary patented automated-agent technology. It also offers suite of customer-relationship management outsourcing services including consulting, training, and dedicated live help. Finali was founded in 1999 and is based in Westminister, Colorado.

Lefthand Networks

Series B in 2001
Provider of data storage systems and ip-based storage area networks

Lefthand Networks

Series A in 2001
Provider of data storage systems and ip-based storage area networks

Finali

Series B in 2001
Finali provides integrated customer support and sales support management services for e-commerce sites. It provides companies with netSage Automated Agent, its proprietary patented automated-agent technology. It also offers suite of customer-relationship management outsourcing services including consulting, training, and dedicated live help. Finali was founded in 1999 and is based in Westminister, Colorado.