Denver

Denver companies are seeing a wave of new investments

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Published on May 03, 2019
Denver companies are seeing a wave of new investmentsPhoto: Jeshoots.com/Unsplash

Denver-based travel app company Pana has secured $10 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 29 and led by Bessemer Venture Partners.

According to its Crunchbase profile, "Pana is on a mission to make travel simple, personal and delightful. From an app, they make booking travel as easy as texting a friend, provide white-glove care for the highs and lows of travel and offer best travel perks, rewards and experiences."

The fo-year-old startup has raised four previous funding rounds, including a seed round in 2016.

The round brings total funding raised by Denver companies in commerce and shopping over the past 90 days to $35 million. The local commerce and shopping industry has produced 11 funding rounds over the past year, capturing a total of $81 million in venture funding.

In other local funding news, risk management company Insurdata announced a $3 million seed funding round on April 15, led by Anthemis Group.

According to Crunchbase, "Insurdata provides insurance and reinsurance underwriters property-specific data to support their pricing, underwriting and portfolio management decisions. The firm specializes in high-resolution, peril-specific exposures and building-level risk data, using technology that includes mobile augmented reality and 3-D model creation, providing both desktop and mobile products."

The company also raised a $1 million seed round in 2017.


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