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United States : City highlights fast-growing firms as Denver Startup Week begins.

Starting fast out of the gate for Denver Startup Week, the Denver Office of Economic Development (OED) today announced its annual additions to the roster of Denver Gazelles, the citys list of the rapidly growing firms here with both proven success and excellent potential in raising money and creating jobs.

The 2016 class, all technology companies, are Blinker, Cloud Elements, Havenly, MindAptiv, Parkifi, and SendGrid. Collectively, the six represent $124 million raised through venture capital, private investment, and angel and seed investors.

Selecting just a few firms to designate as Denver Gazelles was actually more challenging than ever this year, said Paul Washington, OED executive director. There is an astounding volume of venture capital flowing in Denver, so we had a strong field of candidates to review. In addition, were enjoying the growth of more companies here that started elsewhere but chose Denver as the place to take it to the next level in financing and employee size.

The 2016 Gazelles will be celebrated on Wednesday, September 14 at noon at the Denver Startup Basecamp at 1515 Arapahoe, 1st Floor. More details and registration is available at the Denver Startup Week website.

Since 2012, OED has named an elite number of Denver Gazelles each year based on referrals and internal research among its business development staff and the venture capital/financial community. Criteria include exponential job growth and a CEO-level commitment to engagement in strengthening the Denver entrepreneurial climate. With todays announcement, the roster of Gazelles includes 25 firms.

OED adopted the name gazelle from the observation that all honorees are demonstrating swift growth in job creation. Small firms such as these are expected to drive half of Denvers workforce growth in the next dozen years.

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Publication:Mena Report
Geographic Code:1U8CO
Date:Sep 13, 2016
Words:299
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