🏔️DENVER/BOULDER ECOSYSTEM

Denver/Boulder Startup Ecosystem

Growing tech scene with outdoor lifestyle, lower costs, and strong enterprise software focus. Quality of life attracts top talent.

1,500+ startups•5 unicorns•Last updated: January 2025

Ecosystem Overview

💰 Funding

$2B+ in total funding, with growing access to VCs and angel investors.

👥 Talent

80K+ tech workers and access to University of Colorado talent.

🏢 Infrastructure

10 accelerators, 20 co-working spaces, and growing support networks.

Key Strengths

Excellent quality of life and outdoor lifestyleLower costs compared to coastal citiesStrong enterprise software ecosystemGrowing tech sceneAccess to University of Colorado talentBusiness-friendly environment

Key Industries

Enterprise SoftwareAerospaceOutdoor TechFintechHealthcare TechEnergy Tech

Cost of Living

$1,500/mo

Average 1BR Rent

$2,000/mo

Average 2BR Rent

128

Cost of Living Index (100 = National Average)

Top Accelerators

Techstars Boulder

Techstars accelerator program in Boulder

Funding: $120K

Equity: 6%

Duration: 3 months

Boomtown Accelerator

Startup accelerator in Boulder

Funding: $20K

Equity: Varies

Duration: 3 months

Co-working Spaces

Galvanize

Co-working space and coding bootcamp with Denver location

Starting at: $300/mo

WeWork

Global co-working space with locations in Denver

Starting at: $350/mo

Top Funding Sources

Foundry Group

Early-stage VC firm focused on Colorado

Check Size: $500K - $5M

Focus: Enterprise Software, SaaS...

Access Venture Partners

Early-stage VC firm in Colorado

Check Size: $500K - $3M

Focus: Enterprise Software, SaaS

Notable Companies

SendGrid

Email API platform, founded in Boulder

Valuation: Acquired for $3B

Gusto

Payroll and HR platform, founded in Denver

Valuation: $10B+

Ibotta

Cashback rewards app, founded in Denver

Valuation: $1B+

Frequently Asked Questions

Why is Denver/Boulder a good city for startups?

Denver/Boulder offers a unique combination of quality of life, outdoor lifestyle, lower costs, and strong tech talent. The region has $2B+ in funding, 5+ unicorns, strong enterprise software focus, and attracts talent seeking work-life balance. The area is particularly attractive to tech workers relocating from expensive coastal cities.

What are the top accelerators in Denver/Boulder?

Top accelerators include Techstars Boulder, Boomtown Accelerator, and MergeLane. Techstars Boulder offers $120K for 6% equity. The ecosystem also benefits from strong university connections and corporate partnerships.

How much does it cost to start a startup in Denver/Boulder?

Denver/Boulder has a cost of living index of 128 (28% above national average), making it more affordable than major tech hubs. Average rent for a 1-bedroom is around $1,500/month. The quality of life and lower costs make it attractive for startups and talent.

What industries are strongest in Denver/Boulder?

Denver/Boulder is particularly strong in enterprise software, aerospace, cleantech, and outdoor recreation tech. The region has a growing presence in AI/ML, fintech, and health tech. The proximity to outdoor activities attracts talent seeking work-life balance.

Is Denver/Boulder good for finding tech talent?

Yes, Denver/Boulder has a strong and growing tech talent pool with access to University of Colorado graduates, tech workers relocating from other cities, and competitive salaries. The quality of life and outdoor lifestyle attract top talent seeking better work-life balance.

What VCs are active in Denver/Boulder?

Active VCs include Foundry Group, Access Venture Partners, and Grotech Ventures. Many Bay Area and other national VCs also invest in Denver/Boulder startups, recognizing the value proposition of quality of life, lower costs, and strong talent.