Service Provider Capital

Service Provider Capital is a venture capital firm established in 2014 and based in Colorado. The firm focuses on early-stage investments, notably seed-stage opportunities, and participates as a co-investor in Series A rounds led by institutional venture funds. Its portfolio interests span a broad range of technology sectors, including artificial intelligence, machine learning, blockchain, cybersecurity, e-commerce, education technology, fintech, hardware, information technology, robotics, health, and cannabis.

Patrick Cerone

Managing Director

Ned Hill

Managing Director

Edward Hill

Managing Director

Galen Mason JD

Managing Director

Jody Shepherd

Co-Founder and Managing Director

Douglas Spear JD

Managing Director

Past deals in Colorado

Outrider

Series D in 2024
Outrider develops autonomous electric trucks and management software for logistics hubs. Its technology automates yard operations, enhancing safety and efficiency for large enterprises.

Respondology

Series A in 2023
Respondology LLC is a Boulder, Colorado-based company that operates a Cost-Per-Click reply-based advertising platform designed to transform social media channels into effective advertising mediums. By analyzing millions of social posts daily, Respondology identifies customer sentiment and intent, enabling real-time marketing responses. The platform not only facilitates engagement with consumers based on their immediate wants and needs but also offers management tools for marketers to estimate, build, and optimize campaigns for better return on investment. Additionally, Respondology provides robust comment moderation solutions, allowing businesses to manage their online presence by swiftly removing harmful comments and spam across various social media platforms. This combination of advertising and moderation capabilities positions Respondology as a unique player in the social media landscape, helping brands maintain control and enhance their marketing efforts. The company was founded in 2008.

Kinspire

Seed Round in 2023
Kinspire is a pediatric support platform offering asynchronous telehealth occupational therapy for children. Established in Denver, Colorado in April 2020, Kinspire empowers families by providing personalized care plans and play-based strategies, enabling parents to structure therapy conveniently around their schedules.

Rook Capital

Seed Round in 2022
Rook Capital is a real estate marketplace based in Boulder, Colorado, founded in 2021. The company aims to enhance homeownership accessibility and address the challenges of home affordability. By connecting homeowners with investors, Rook Capital enables individuals to acquire homes while offering current homeowners affordable access to their equity. Its innovative platform simplifies the process of real estate investing, making it more convenient and accessible for a broader audience. Through these efforts, Rook Capital seeks to empower users to achieve homeownership and invest in real estate.

Pomp

Seed Round in 2021
Pomp is a technology-driven marketplace and vertical SaaS solution focused on empowering estheticians and med spas within the skincare industry. Established in 2020 and based in Denver, Colorado, Pomp addresses the unique needs of estheticians, who have historically been underrepresented in the beauty sector. The company's platform enables these professionals to manage client relationships beyond the treatment room by providing access to clinical-grade skincare products, free consultations, and tools for creating personalized at-home routines. By facilitating a comprehensive approach to skincare, Pomp helps estheticians enhance customer loyalty and achieve optimal results for their clients.

Best in Grow

Seed Round in 2021
Best in Grow is a dispensary management software company for cannabis operations. Its platform provides tools for budtenders, incentivizes sales, and helps cultivate brand loyalty for dispensaries and brands. Founded in 2017 and based in Boulder, Colorado, the company focuses on improving retail workflow and customer engagement through integrated software solutions tailored to cannabis retailers.

Flyreel

Series A in 2020
Flyreel, Inc. is a technology company based in Denver, Colorado, specializing in a platform that enhances the property insurance underwriting process. Established in 2013 and formerly known as MyFactals, the company utilizes artificial intelligence and computer vision to facilitate user-guided inspections and claims workflows. Flyreel's platform enables policyholders to conduct self-service inspections, allowing for thorough documentation of property details, including risks, hazards, and materials. By streamlining the underwriting process, Flyreel’s technology aids insurance carriers in making informed, data-driven decisions, ultimately improving underwriting efficiency, risk management, and customer satisfaction.

Highwing

Seed Round in 2020
Highwing, Inc. is an insurance technology company that specializes in developing an open data platform tailored for the commercial insurance industry. Founded in 2018 and based in Denver, Colorado, Highwing’s platform facilitates direct connectivity between brokers and carriers, enabling them to access and leverage insurance data analytics throughout the customer lifecycle. This innovative platform automates workflows and provides tools to enhance decision-making regarding customers, products, pricing, and risk management. By streamlining processes, Highwing aims to help brokers and carriers increase sales, improve operational efficiency, and enhance the overall customer experience without the need for additional personnel. The company, previously known as IMAgine Analytics, LLC, rebranded to Highwing, Inc. in October 2020.

Resurface Labs

Seed Round in 2020
Resurface Labs Inc. develops and offers a commercial database designed for the comprehensive logging of real usage data for online services and application programming interfaces (APIs). Founded in 2019 and based in Boulder, Colorado, the company provides flexible data pipelines that enable clients to log, search, and analyze API calls made by their users. This functionality allows clients to capture and retrieve user sessions, as well as detailed information such as GraphQL payloads, JSON and HTML content, cookies, and other customer-specific metrics. Resurface's products transform each user API call into a durable transaction, facilitating troubleshooting and remediation while generating rich data sets for clients' operational needs.

Copper Labs

Seed Round in 2019
Copper Labs develops Internet of Things products and services that provide utilities and consumers with real-time energy data from electric, gas, and water meters. Founded in 2016 and based in Boulder, Colorado, the company offers an energy consumption monitoring system that delivers real-time grid-edge intelligence and revenue-grade usage data, with or without smart meters. Using machine learning, its platform collects accurate measurements and generates actionable insights, including consumer-friendly alerts during peak periods, helping utilities engage customers, manage demand, stabilize the grid, and reduce the cost of serving energy.

Flowhub

Series A in 2019
Flowhub is a Denver-based company specializing in cannabis retail software. It offers a unified platform for compliance, point-of-sale transactions, inventory tracking, and business intelligence data, enabling dispensaries to streamline operations, enhance consumer experiences, and simplify regulatory compliance.

Hyperia

Seed Round in 2019
Hyperia develops an AI-powered platform for corporate communications and meetings. Its flagship product, People+, transcribes and records meetings for peer-to-peer collaboration, transforming conversations into searchable insights.

Cusa Tea

Series A in 2019
Cusa Tea, LLC is a Boulder, Colorado-based company that specializes in producing and selling organic tea. Established in 2016, the company offers a range of products including single-serving tea packets, bulk sachets, mugs, and apparel. Cusa Tea is distinguished by its commitment to high-quality, USDA Organic-certified teas, which are free from sugar, preservatives, and additives. Utilizing a unique cold-steeping technology, Cusa Tea prepares its products to ensure a fresh taste and convenience, allowing consumers to quickly mix the tea in cold water for an instant beverage. The product lineup features a variety of flavors, including Organic English Breakfast, Organic Green Tea, Organic Oolong, Mango Green, Lemon Black, Spicy Chai, and a Tea Sampler. Cusa Tea's offerings are available for purchase both online and in retail stores.

Shotzr

Seed Round in 2019
Shotzr is a platform that delivers fresh, local, on-brand imagery to social media marketers. The service provides images that are recent and relevant to the target audience, enabling marketers to match creative with campaigns across channels. The company uses data-driven, machine learning-based image selection to automate photo curation for marketing moments, supporting campaigns on Facebook, Instagram, and other digital channels, and facilitating dynamic creative and optimized landing pages. Based in Denver, Colorado, Shotzr serves digital marketers seeking to improve engagement and performance by aligning imagery with audience targeting and context.

Apostrophe

Seed Round in 2018
Apostrophe, Inc. is a fintech company based in Denver, Colorado, specializing in healthcare savings solutions for self-insured employers. Founded in 2016, Apostrophe provides an intelligent health benefits platform that negotiates competitive rates for healthcare services and pays providers directly, ensuring that savings are passed on to its customers. The company's offerings include a streamlined, plug-and-play health plan that allows self-insured employers to efficiently implement best practices in managing healthcare costs. Apostrophe primarily serves self-insured employers in rural Colorado and other regions, delivering both financial savings and member support to enhance the overall healthcare experience.

Sopris Health

Venture Round in 2018
Sopris Health, Inc. is a Denver-based company that specializes in developing automated digital assistant software aimed at enhancing healthcare documentation. Founded in 2015, Sopris Health offers an innovative artificial intelligence medical scribe application that streamlines clinical operations by automatically generating visit notes for physicians during patient interactions. This chat-style interface allows healthcare providers to capture and document patient data efficiently, reducing the time and effort typically required for manual data entry. By minimizing the administrative burden associated with documentation, Sopris Health's technology enables physicians to focus more on patient care, ultimately improving clinical outcomes and reducing stress related to dictation.

Burlywood

Series A in 2018
Founded in 2015, Burlywood specializes in flash-based storage solutions for hyperscale data centers and cloud applications. Its patented TrueFlash software offers a modular, software-defined architecture designed specifically for these environments.

TurboTenant

Venture Round in 2018
TurboTenant, Inc. is a software company that provides a comprehensive rental property management solution for independent landlords and property managers. Founded in 2015 and based in Fort Collins, Colorado, TurboTenant's platform enables users to market their rental properties, receive online applications, and screen potential tenants through credit and background checks. The software facilitates the entire rental process, allowing landlords to collect rent payments online, share and store essential documents, and electronically sign legal agreements. Additionally, TurboTenant offers features such as property listings on major rental websites, rent estimate reports, and state-specific legal forms, thereby equipping independent landlords with tools that were traditionally accessible only to larger property management firms.

Dapix

Seed Round in 2018
Dapix Inc., established in 2018 and based in Westminster, Colorado, specializes in designing and developing decentralized public blockchain technology. The company's core product is the FIO Protocol, an inter-wallet operability protocol that enhances usability within the blockchain ecosystem. This protocol enables seamless cross-chain transactions, utilizing a single memorable wallet name compatible with any wallet or exchange. Dapix aims to facilitate easier token and coin movement while integrating cross-chain counterparty metadata. Founded by experienced tech professionals and backed by prominent venture capital firms and angel investors, Dapix seeks to revolutionize blockchain usability.

Left Hand Robotics

Seed Round in 2018
Left Hand Robotics, Inc. is a company that specializes in developing commercial-class smart robots designed for outdoor labor-intensive tasks. The firm offers the RT-1000 ROBOT, an autonomous workbot capable of performing various outdoor jobs such as mowing grass and clearing snow without human intervention. This robot can be equipped with attachments like the MOWER DECK for cutting large grassy areas and the SNOW BROOM for snow clearance. Additionally, the DEICER BOX can be added to manage slippery surfaces like sidewalks and bike paths. Incorporated in 2016 and headquartered in Longmont, Colorado, Left Hand Robotics is notable for its self-driving snow-clearing technology, which uses GPS for navigation and can be monitored remotely through an online management dashboard, allowing for efficient and effective outdoor maintenance solutions.

Walkthrough

Seed Round in 2018
Walkthrough, Inc. is a Denver-based company that specializes in property photography services tailored for real estate agents and property owners in the Denver Metro area. Founded in 2016, Walkthrough offers a comprehensive range of services, including HDR photography, 3D virtual tours, aerial photography and videography, and the creation of listing-specific websites. The company facilitates easy access to its services through both an application and a website, allowing agents to book needed services instantly and at competitive prices without compromising on quality. In 2019, Walkthrough became a subsidiary of iPlan LLC, further enhancing its capabilities in the real estate photography sector.

SonderMind

Venture Round in 2018
SonderMind is a Denver-based digital health company established in 2017, specializing in accessible and approachable mental health services. It operates an online platform that connects individuals with a network of licensed therapists, offering a range of services including video telehealth and in-person sessions. SonderMind focuses on various mental health conditions such as anxiety, depression, ADHD, and PTSD, among others. The company aims to streamline the process of finding and accessing mental health care, ensuring a good match between clients and therapists, while also supporting therapists by handling administrative and billing tasks.

LockState

Series A in 2018
LockState develops connected access control systems for commercial and residential markets. Its suite of products enables remote access management and enhances security for vacation rental properties, retail stores, commercial spaces, and apartments.

Rachio

Series B in 2018
Rachio is a Denver-based company that develops intelligent sprinkler controllers and related hardware and software to improve home water efficiency. Its offerings include WiFi-enabled controllers and the Iro device for remote watering and automated scheduling based on weather data, soil characteristics, sun exposure, and water budgets. The company provides cloud-based software and a mobile app that enable users to manage sprinkler systems from anywhere, helping conserve water and reduce irrigation costs.

Stateless

Seed Round in 2017
Stateless is a Boulder, Colorado‑based company that develops software‑defined interconnect solutions for private and hybrid cloud environments. Its platform, including the Luxon interconnect network, delivers virtualized network functions such as routing, security, and automation across multiple endpoints, including data centers, tenant sites, and hyperscale clouds. By enabling dynamic, multi‑tenant connectivity, Stateless allows service providers to scale network services efficiently and cost‑effectively.

Backbone PLM

Seed Round in 2017
Backbone PLM, Inc. is a company that specializes in product lifecycle management solutions tailored for the consumer goods sector, particularly the fashion and apparel industry. Founded in 2014 and headquartered in Greeley, Colorado, Backbone PLM offers a modern, cloud-based platform designed to streamline product development processes. Its services include tools for file management, collaboration, and centralized product data, which facilitate communication among teams and suppliers. The platform features a tech pack editor, customizable product templates, and a range of other resources to manage complex designs efficiently. By enabling brands to innovate and design products more rapidly and effectively, Backbone PLM aims to enhance creativity, reduce time to market, and ultimately drive revenue growth for its clients.

Automox

Seed Round in 2017
Automox designs and develops cloud-based IT automation platforms. Its AI-powered solutions automate patch remediation for Windows, macOS, Linux endpoints, and third-party software, enabling real-time vulnerability tracking and active enforcement of system configurations. Incorporated in 2015, Automox is headquartered in Boulder, Colorado.

CirrusMD

Series A in 2017
CirrusMD provides a healthcare communication platform that connects patients with local physicians in the United States through text messaging and video chat. The enterprise solution supports secure messaging, image sharing, on-demand video visits, and access to health information via HIPAA-compliant profiles, enabling 24/7 physician access and timely medical guidance.

Notion

Series A in 2017
Notion is a company that specializes in home monitoring systems, providing property owners with tools to safeguard their spaces and belongings. Founded in 2013 by Brett Jurgens and Ryan Margoles and based in Denver, Colorado, Notion offers a multi-function, compact sensor that delivers real-time alerts for various issues, including motion detection, temperature changes, water leaks, and alarms. The system is designed to enhance home awareness through an intuitive user experience and comprehensive data analytics, allowing customers to proactively address potential problems in their homes.

Shinesty

Venture Round in 2017
Shinesty is a vintage clothing brand based in Boulder, Colorado, operating as an online retailer of apparel and accessories. The company specializes in providing an outlandish collection of retro clothing, including sunglasses, swimwear, pajamas, tops, bottoms, suits, underwear, dresses, and various accessories for both men and women. Shinesty's offerings cater to theme parties and costume events, allowing customers to shop online according to their preferences and the specific occasions they have in mind. The company was founded in 2013 and initially operated under the name Shinesty, LLC before changing its name to Shinesty, Inc. in June 2015.

SecureSet

Series A in 2017
SecureSet Academy, founded in 2014 and based in Denver, Colorado, addresses the growing demand for cybersecurity professionals by offering a direct pathway into the industry for aspiring talent. The organization provides comprehensive programming that includes technical information security education, hands-on instruction in a state-of-the-art lab, guided product training, and preparation for essential certifications. By equipping individuals with the necessary skills and knowledge, SecureSet plays a vital role in enhancing the talent pool within the cybersecurity sector.

Ascent360

Seed Round in 2017
Founded in 2013 and headquartered in Golden, Colorado, Ascent360 is a software company specializing in cloud-based multi-channel communication solutions. Its platform transforms customer data into actionable insights to drive revenue growth and enhance customer engagement.

Red Canary

Series A in 2016
Red Canary is a cybersecurity technology company that provides cloud-based security services to organizations of all sizes. Its platform collects high-fidelity telemetry from endpoints and cloud environments to deliver real-time visibility, detection, and response, with capabilities for threat detection, investigation, and automated actions. The offerings include managed detection and response and endpoint detection and response, underpinned by behavioral analytics to reduce mean time to respond and lower realized risk per endpoint. The company emphasizes broad coverage across operating systems and deployment environments to shorten exposure to new attack techniques. Founded in 2013 and based in Denver, Colorado, Red Canary helps defenders prepare for, detect, and respond to security incidents.

Revolar

Seed Round in 2016
Revolar Inc. is a Denver-based company specializing in personal security wearable devices. Founded in 2013, Revolar designs and manufactures technology aimed at enhancing the safety of individuals and their loved ones. The company's devices feature a unique 1-2-3 click alert system that allows users to send emergency messages, complete with GPS location information, to their emergency contacts in situations where they feel threatened or unsafe. By providing real-time status updates through both text and email, Revolar's products aim to deliver peace of mind to users and their families. The company's commitment to innovation is reflected in its use of patented technology, making it a leader in the personal safety device industry.

Wunder

Series A in 2016
Wunder is a company based in Boulder, Colorado, specializing in financing and developing large-scale solar projects across the United States. Established in 2013, Wunder provides construction and term financing for various commercial solar initiatives, including power purchase agreements, feed-in tariffs, and community solar developments. The company collaborates with solar organizations and financial institutions to facilitate the creation of solar projects for businesses, municipalities, nonprofits, and communities. Additionally, Wunder operates solar investment funds that connect individual and institutional investors with solar projects, leveraging proprietary software to conduct thorough project evaluations. This approach enables accredited investors to build diversified solar portfolios, traditionally accessible only to larger entities.

Parkifi

Series A in 2016
ParkiFi, Inc. is a technology company based in Denver, Colorado, that specializes in IoT-enabled parking solutions. Founded in 2014, the company offers a platform that provides real-time information on parking occupancy and payment options, aiming to alleviate the challenges associated with finding parking. ParkiFi's services cater to a variety of clients, including private parking operators, property managers, municipal parking services, and urban planners. The company’s mobile app allows users to find available parking spots in garages and lots, as well as pay for parking directly through the app. By streamlining the parking process, ParkiFi not only enhances user convenience but also seeks to reduce the environmental impact of driving by minimizing the time spent searching for parking. The app was launched in downtown Denver in 2016, with plans for expansion to other neighborhoods and locations. ParkiFi was previously known as Krumly LLC and operates as a subsidiary of DISH Network Corporation.

IP Commerce

Series A in 2016
IP Commerce is a privately held software company serving small and medium sized businesses (SMBs). Its flagship solution, Commerce Sync, simplifies accounting for thousands of SMBs, helping business owners realize valuable time savings, increased accuracy, and complete business visibility. The Company is headquartered in Denver, Colorado.

Rachio

Series A in 2015
Rachio is a Denver-based company that develops intelligent sprinkler controllers and related hardware and software to improve home water efficiency. Its offerings include WiFi-enabled controllers and the Iro device for remote watering and automated scheduling based on weather data, soil characteristics, sun exposure, and water budgets. The company provides cloud-based software and a mobile app that enable users to manage sprinkler systems from anywhere, helping conserve water and reduce irrigation costs.

Havenly

Series A in 2015
Havenly offers online interior design services. Users connect with professional designers through style surveys and photo uploads, collaborate on designs, visualize rooms, seek advice, and purchase furniture and decor directly from the platform at guaranteed best prices.

Kindara

Seed Round in 2015
Kindara, Inc. is a company based in Boulder, Colorado, that specializes in developing a fertility awareness application for iPhone and Android devices. The Kindara Fertility Trackr application aids women in understanding their menstrual cycles, facilitating faster conception or natural pregnancy avoidance. Additionally, Kindara offers Wink, an oral fertility thermometer that tracks basal body temperature and syncs automatically with the application for enhanced tracking accuracy. Founded in 2012, the company is committed to empowering women with the knowledge and tools necessary to take control of their reproductive health and achieve their fertility objectives. Kindara operates as a subsidiary of Prima-Temp, Inc.

Apto

Series B in 2015
Apto, Inc., headquartered in Denver, Colorado, develops cloud-based software specifically for commercial real estate brokers. Founded in 2011, Apto provides a web-based platform that facilitates the management of contacts, properties, listings, and deals, streamlining the entire deal lifecycle from prospecting to closing. The software enhances operational efficiency by consolidating, organizing, and securely storing critical data, enabling brokers to execute transactions more effectively. By utilizing Apto's tools, clients can ensure that essential details are managed systematically, allowing them to focus on finding and winning deals.

GoSpotCheck

Series A in 2015
GoSpotCheck offers Software-as-a-Service for field-based teams to collect real-time retail intelligence. Its web and mobile apps enable businesses to leverage their employees for surveys, audits, and reports, while its dashboard helps managers identify trends and urgent issues.

SlamData

Seed Round in 2015
SlamData, Inc. is a technology company that specializes in providing a virtual data warehouse and data integration solution, enabling users to efficiently explore and curate data stored in cloud platforms such as S3, Azure, and Google Cloud. Founded in 2014 and headquartered in Boulder, Colorado, SlamData offers a software solution that enhances data integration and preparation, making complex data analytics-ready. The platform supports various business intelligence tools, including Tableau, Looker, and PowerBI, and features connectors to multiple databases, including MongoDB, MarkLogic, Couchbase, and Hadoop. Notably, SlamData employs an innovative “in-database” analytics approach, allowing data processing and analytics to occur in close proximity to the data itself.

Parkifi

Convertible Note in 2015
ParkiFi, Inc. is a technology company based in Denver, Colorado, that specializes in IoT-enabled parking solutions. Founded in 2014, the company offers a platform that provides real-time information on parking occupancy and payment options, aiming to alleviate the challenges associated with finding parking. ParkiFi's services cater to a variety of clients, including private parking operators, property managers, municipal parking services, and urban planners. The company’s mobile app allows users to find available parking spots in garages and lots, as well as pay for parking directly through the app. By streamlining the parking process, ParkiFi not only enhances user convenience but also seeks to reduce the environmental impact of driving by minimizing the time spent searching for parking. The app was launched in downtown Denver in 2016, with plans for expansion to other neighborhoods and locations. ParkiFi was previously known as Krumly LLC and operates as a subsidiary of DISH Network Corporation.

Avanoo

Seed Round in 2015
Avanoo, Inc. is a company based in Boulder, Colorado, founded in 2013, that operates StoryApp, an online platform designed to enhance employee engagement and performance. The platform offers personalized 30-day programs developed by experts, focusing on helping employees adopt effective behaviors and mindsets. Avanoo's AI-driven technology facilitates the sharing of personal stories, which helps to transform organizational culture and improve engagement. Additionally, the platform provides assessments, micro-learning, and predictive analytics, including daily video lessons that drive behavioral change. By measuring the impact of learning and growth, Avanoo enables users to visualize performance advancements, ultimately fostering a positive workplace culture and enhancing team effectiveness. The company was formerly known as Placebo, Inc. before rebranding to Avanoo, Inc. in June 2015.

Parkifi

Seed Round in 2015
ParkiFi, Inc. is a technology company based in Denver, Colorado, that specializes in IoT-enabled parking solutions. Founded in 2014, the company offers a platform that provides real-time information on parking occupancy and payment options, aiming to alleviate the challenges associated with finding parking. ParkiFi's services cater to a variety of clients, including private parking operators, property managers, municipal parking services, and urban planners. The company’s mobile app allows users to find available parking spots in garages and lots, as well as pay for parking directly through the app. By streamlining the parking process, ParkiFi not only enhances user convenience but also seeks to reduce the environmental impact of driving by minimizing the time spent searching for parking. The app was launched in downtown Denver in 2016, with plans for expansion to other neighborhoods and locations. ParkiFi was previously known as Krumly LLC and operates as a subsidiary of DISH Network Corporation.

Dizzion

Series A in 2015
Founded in 2011, Dizzion specializes in cloud-based end-user computing solutions. It provides secure, remote access to applications and data via its proprietary managed desktop service, enabling employees to work from any device with the same productivity as their office environment. The company caters to industries such as healthcare, finance, legal, education, and insurance.
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