As I discussed back in April, VC dollars continue to roll in Boulder. It’s doubtful we’ll reach the $266.8M level that we reached in the first quarter of this year. But here’s some of the most recent action.
Rally Software just raised $16.8M from Mohr Davidow Ventures (MDV) and existing investors Vista Ventures, Boulder Ventures, and Mobius Venture Capital. I chatted briefly about this with CEO Tim Miller, who has already been super helpful this year with Techstars and is surprisingly good at ping-pong, as it turns out. Tim said:
“It’s great to have closed a large round. It’s great to have a large balance sheet to fuel growth. It sucks to still not have enough money to do everything we want. After the dust settled, were back to betting everything (again) on our next phase of growth. Never a moment to get comfortable with the status quo. I wouldn’t have it any other way…..” – Rally CEO Tim Miller
There’s also at least one $3M+ financing that according to my sources seems to have occurred recently here in Boulder but they’re oh so stealthy. Fine, as you wish. No link-love for you, stealthy one.