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Boulder Ventures

Venture capitalActively deploying

Boulder · Series A · 6 people tracked

Also known as BVIM, LLC

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Investment thesis

Boulder Ventures backs information technology and biotechnology companies concentrated in Colorado and the U.S. Mid-Atlantic region. Across its family of funds (Boulder Ventures I through VIII), the firm has invested in 61 companies, achieving 28 exits and 10 IPOs.

Source: firm website, verified Aug 7, 2026.

Stage
Series A
Check
$1M – $4M
HQ
Boulder, Colorado, US
Leads rounds
Leads
Instruments
Equity
Founded
1995
AUM
$400M
VC funds
8
Tracked investments
77

Team · 6 people

from the firm's website & public directories
Revelstoke the Berner· Floor Manager

What they invest in

from 35 of 77 portfolio companies

Enterprise Software ×14SaaS ×14AI & Machine Learning ×9Biotech ×9Cloud Computing ×5Data & Infrastructure ×4Healthtech ×4Cybersecurity ×3

HQs:United States×26

Investments · 77 tracked

founders shown can be your intro path
miRagen TherapeuticsNASDAQ: VRDNSEC filingmedium confidence

Discovers and develops microRNA-targeting therapies for areas of high unmet medical need.

BiotechBoulder, US

Thomas Hughes(Director)Marvin Caruthers(Director)Kyle Lefkoff(Director)Christopher J Morl(Executive Officer)Bruce Booth(Executive Officer, Director)Jason A. Leverone(Executive Officer)

Board seatKyle Lefkoff· per SEC Form D · $40.7M raise · filed Feb 2017

Cogent Communicationscogentco.com𝕏NASDAQ: CCOI

Cogent Communications is a facilities-based Internet Service Provider operating a multinational network across North America, Europe, Latin America, and Asia-Pacific.

Cloud ComputingData & InfrastructureEnterprise Software

Dave Schaeffer(Founder and Chief Executive Officer)

Mineralys Therapeuticsmineralystx.cominNASDAQ: MLYS

BiotechRadnor, US

Brian Taylor Slingsby(Director)Olivier Litzka(Director)Derek DiRocco(Director)Adam Levy(Executive Officer)Jon Congleton(Executive Officer, Director)Srinivas Akkaraju(Director)

Onkure Therapeutics Inconkuretherapeutics.comin𝕏NASDAQ: OKUR

OnKure discovers and develops precision medicines targeting specific cancer drivers and vascular anomalies using structure-based drug design.

BiotechDigital HealthMedical DevicesBoulder, US

Jason Leverone(Executive Officer)Samuel Agresta(Executive Officer)Dylan Hartley(Executive Officer)Nicholas Saccomano(Executive Officer, Director)Scott Weiner(Director)Wendy Johnson(Executive Officer)

Ambrosia Biosciences Inc.SEC filingmedium confidence

BiotechBoulder, US

Nicholas Traggis(Executive Officer, Director)

BoardDavid Snitman(Director)William S. Marshall(Director)John Orwin(Director)

Board seatKyle Lefkoff· per SEC Form D · $25M raise · filed Aug 2024

ArcherDX

HealthtechBoulder, US

Christian LaPointe(Executive Officer)Kyle Lefkoff(Director)Jason Myers(Executive Officer, Director)Paul Manning(Director)

Board seatKyle Lefkoff· per SEC Form D

Bioptix DiagnosticsSEC filingmedium confidence

Boulder, US

John Creecy(Director)Dmitry Akhanov(Director)Richard Whitcomb(Executive Officer, Director)Kyle Lefkoff(Director)Michael Routh(Director)William Marshall(Director)

Board seatKyle Lefkoff· per SEC Form D · $2.3M raise · filed Feb 2015

Black Bear Energyin𝕏

Boulder, US

Herv? Touati(Director)Kyle Lefkoff(Director)Andrew Torbin(Executive Officer, Director)

Board seatKyle Lefkoff· per SEC Form D

ClosetboxSEC filingmedium confidence

Denver, US

Christopher Roser(Director)Marcus J. Mollmann(Executive Officer, Director)Manish Vachharajani(Director)

Board seatPeter Roshko· per SEC Form D · $5M raise · filed Apr 2016

CommercialTribe

Denver, US

Frank Medicino(Director)Joseph R. Zell(Director)John Steward(Director)Kyle Lefkoff(Director)Paul J. Ironside(Executive Officer, Director)Nathan Smalley(Executive Officer, Director)

Board seatKyle Lefkoff· per SEC Form D

datAvaildatavail.comin𝕏

Datavail provides managed database administration, applications support, business intelligence, and process automation services for enterprise organizations.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSaaSBroomfield, US

Jack Tankersley(Director)Andrew Evans(Executive Officer)Susan Bihler(Director)Peter Roshko(Director)Derek Pilling(Director)Mark Perlstein(Executive Officer, Director)

Board seatPeter Roshko· per SEC Form D

Opanga Networks, Inc.SEC filingmedium confidence

Seattle, US

Mary Dougherty(Executive Officer)Cole Brodman(Executive Officer, Director)Michael Targett(Executive Officer)Charles James Judson(Chairman of the Board)

BoardAdrian de los Santos(Director)Dave Gibbons(Director)

Board seatKishen Mangat· per SEC Form D · $200K raise · filed Jun 2025

Spectrum Effect, Inc.SEC filingmedium confidence

Kirkland, US

Mary Dougherty(Executive Officer)Debby Toye(Executive Officer)Charles Immendorf(Executive Officer)Shaun McCarthy(Executive Officer)Mary Frances Dougherty(Executive Officer)Charles James Judson(Executive Officer)

Board seatKishen Mangat· per SEC Form D · $4.5M raise · filed Feb 2025

Synaptic Advisory PartnersSEC filingmedium confidence

Baltimore, US

Thomas Boosinger(Executive Officer, Director)William G. Karpovich(Executive Officer, Director)

BoardDavid Joubran(Director)

Board seatJonathan Perl· per SEC Form D · $3M raise · filed May 2026

247Realmedia247realmedia.com
Altheapbcaltheapbc.comin𝕏

Althea operates a platform that helps people find licensed psilocybin therapy facilitators in Oregon and Colorado, where psychedelic therapy is legal.

Digital HealthMarketplacesMental Health

Andrew Conley

Ambrosiabiosciencesambrosiabiosciences.comin

Ambrosia Biosciences is a drug discovery company developing orally delivered, small molecule therapies for obesity and other metabolic disorders.

BiotechHealthtechLongevity

Antithesisantithesis.comin𝕏

Antithesis provides deterministic simulation testing software that automatically finds and reproduces bugs in mission-critical software systems.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS

Will Wilson(CEO & Co-Founder)inDave Scherer(Co-Founder)

ARCA biopharmain

BiotechWestminster, US

Christopher D. Ozeroff(Executive Officer)Thomas A. Keuer(Executive Officer)Raymond L. Woosley(Director)Linda S. Grais(Director)Dan J. Mitchell(Director)Brian L. Selby(Executive Officer)

Arraybiopharmaarraybiopharma.com
Barofoldbarofold.com
Bindviewbindview.com
Bioptixbioptix.com
Broadhopbroadhop.com
Centerstonetechcenterstonetech.com
Clarabridgeclarabridge.com
Clean Republicclean-republic.comin

Clean Republic makes salt-based cleaning and wellness products built around hypochlorous acid (HOCl), an EPA-registered disinfectant made only from salt, water, and electricity.

ConsumerDirect to ConsumerWellness & Fitness

ClinOneclinone.com

Needham, US

Andrea Valente(Executive Officer, Director, Promoter)Steve Lindseth(Director)Bob Conway(Director)

Dharmacondharmacon.comin𝕏

Dharmacon supplies functional genomics reagents — including synthetic oligonucleotides, siRNA for RNAi, and guide RNA for CRISPR-Cas9 gene editing and modulation — for researchers working at the DNA, RNA, and protein level.

BiotechDeep TechHealthtech

Dmcbiodmcbio.comin

DMC Biotechnologies is a U.S.-based biomanufacturer that uses precision fermentation and its Dynamic Metabolic Control platform to produce bio-based specialty chemicals and ingredients, such as L-alanine and fermented inositols.

BiotechClimate TechNew MaterialsBoulder, US

Entelosentelos.com
ERA Corporation
Everestsoftwareinceverestsoftwareinc.comin𝕏

The page provides only copyright and legal footer information referencing IgniteTech/ESW Capital Group, with no substantive description of the company's product or services.

Enterprise SoftwareAustin, US

Exit Open Stackcisco.comin𝕏

Cisco provides networking devices and infrastructure software for data centers, workplaces, and security operations.

Cloud ComputingCybersecurityEnterprise SoftwareSan Jose, US

Extensibility
Finalifinali.com
Flyby Media
Iluminilumin.com
iLumin Software Services
Intellinoteintellinote.net
Interlandinterland.net
InvoiceLink Corporation
Ksariaksaria.com

kSARIA provides interconnect solutions, including connectors and cabling products, for the military and aerospace industry.

Advanced ManufacturingDefense TechHardware

LeftHand Networkslefthandnetworks.com
Lightdeckdxlightdeckdx.comin

LightDeck Diagnostics, a diagnostics company, is now part of Antech Diagnostics.

Digital HealthMedical Devices

Lineratesystemslineratesystems.com
Marketforceinformationmarketforceinformation.com
Metron Aviation
Metronaviationmetronaviation.comin𝕏

Metron Aviation builds air traffic flow management (ATFM) software for aviation authorities and air navigation service providers, including COMPASS, a global ATFM coordination platform, and Harmony for collaborative decision-making and management of traffic management initiatives.

Enterprise SoftwareMobility & TransportationSaaS

Miragenmiragen.comin𝕏

Miragen develops therapeutic programs for thyroid eye disease (TED), including an FcRn-focused portfolio, and supports clinical trials and patient education.

BiotechHealthtech

Morning Consult
Ng Voiceng-voice.comin

ng-voice builds a cloud-native, infrastructure-agnostic Hyperscale IMS (IP Multimedia Subsystem) software stack for producing voice services over 4G/5G networks, covering VoLTE, VoNR and VoWiFi for both consumer and IoT use cases.

Cloud ComputingDeep TechEnterprise Software

Opangaopanga.com

Opanga builds RAIN, an AI and machine learning network optimization platform for mobile network operators and communication service providers, providing real-time traffic optimization, network intelligence, and energy reduction.

AI & Machine LearningCleantechEnterprise Software

People Reignpeoplereign.ioin𝕏

PeopleReign develops AI-powered technology using natural language processing and machine learning to automate routine business processes for enterprise employees.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR Tech

Dan Turchin(CEO)Jonathan Perl(Director)

PeopleReign
Playmetricsplaymetrics.com

PlayMetrics offers an all-in-one club management software platform for youth soccer clubs, centralizing club management workflows in a single hub.

SaaSSports Tech

Prostorsystemsprostorsystems.com
Rallydevelopmentrallydevelopment.com
Rannochrannoch.com
RapidFortrapidfort.comin𝕏

RapidFort provides a software supply chain security platform that analyzes and hardens container images to eliminate vulnerabilities and reduce attack surface across development and production environments.

Cloud ComputingCybersecurityDeveloper ToolsSunnyvale, US

Mehran Farimani(CEO & Founder)inRuss Andersson(COO, Co-founder)inRajeev Thakur(CTO & Founder)inGeorge Manuelian(CRO, Co-founder)inRobert Mee(Director)

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does Boulder Ventures invest at?
Boulder Ventures invests at the Series A stage.
What is Boulder Ventures's typical check size?
Boulder Ventures typically writes checks of $1M – $4M.
What sectors does Boulder Ventures focus on?
Boulder Ventures focuses on AI & Machine Learning, Biotech, Cybersecurity, Data & Infrastructure, Developer Tools, Enterprise Software, Hardware, Healthtech, Medical Devices, SaaS, Sector Agnostic.
Where is Boulder Ventures located?
Boulder Ventures is headquartered in Boulder, US.
Does Boulder Ventures lead rounds?
Yes, Boulder Ventures leads investment rounds.

From the blog

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Boulder Ventures has written about founder readiness and market timing in startup success, concerns about AI company valuations amid a potential tech bubble, and the firm's team expertise and recent fund closing. AI summary

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