TOP NEWS

Carvana Expands In Dallas

Phoenix-based online used car seller Carvana is in another expansion in Texas, saying it has opened up a new "car vending machine" in Dallas, Texas, where its customers can pick up their newly purchased vehicles. Carvana said it now has four of its "car vending machines" in Texas....Continue →


University of Utah, BYU Tops In Technology Transfer, Says New Report

The University of Utah and Brigham Young University have both been ranked very high on a new ranking of U.S. universities based on their technology transfer efforts. The Milken Institute, a nonprofit research group, ranked the University of Utah as #1 in its efforts to promote technology transfer, the process of moving basic research into new technology, products, and companies, and ranked BYU as #4. Arizona State University was ranked at number 21....Continue →


TurboTenant Finds $1.5M

Fort Collins, Colorado-based TurboTenant, which develops cloud-based, rental property management software, has raised $1.5M in a growth equity funding, the company disclosed today. The funding came from FrontRange Capital Partners. TurboTenant's software provides rental marketing, online rental applications, tenant screening, online rent payment, and other tools for property owners. The company's CEO and founder is Sarnen Steinbarth.Continue →


Techstars Backs Net Neutrality Effort

Boulder-based startup accelerator Techstars is backing a new effort to promote net neutrality, after the FCC's new Chairman, Ajit Pai, said he wanted to roll back net neutrality efforts put in place in 2015. Techstars said that America's startup ecosystem depends on an open internet, saying that companies should "compete in the marketplace based on the quality of our products and services, not the ability to pay tolls to internet access providers....Continue →


PetSmart Acquires Chewy For $3.35 Billion

Phoenix, Arizona-based pet retailer PetSmart announced on Tuesday that it is acquiring online pet retailer Chewy, in a deal which is reportedly worth $3.35 billion. PetSmart--which did not disclose the purchase price of the deal in its announcement--will gain an online channel which has grown to over $1 billion in sales....Continue →


American Traffic Solutions Acquired By Private Equity Investor

Mesa, Arizona-based American Traffic Solutions, a provider of road safety, red light, and traffic violation cameras, has been acquired by private equity investor Platinum Equity. Financial details of the acquisition were not announced by the companies. ATS has more than 3,500 school bus stop arm, red-light and speed safety cameras installed. Platinum Equity has more than $11 billion under management, and has more than more than 30 companies in its portfolio....Continue →


CyberGRX Finds $20M

Denver-based CyberGRX, which operates a "cyber risk exchange" that allows companies to access third-party, cyber risk management assessments of their vendors and partners, has raised $20M in a Series B funding round. The funding was led by Bessemer Venture Partners (BVP), and also included Aetna Ventures, Allegis Capital, ClearSky, GV (formerly Google Ventures), MassMutual Ventures, Rally Ventures, TenEleven Ventures, and strategic investors....Continue →


Carvana Sets Estimated IPO Range

Phoenix-based online used car seller Carvana has set the estimated IPO range for its upcoming IPO, saying in a filing on Monday that it now expects to sell 15,000,000 shares of its common stock at between $14.00 and $16.00 per share. The company has been approved to list on the New York Stock Exchange (NYSE) as CVNA. Carvana is led by Ernie Garcia, III.Continue →


Flowhub Finds $3.25M For Cannabis Software

Denver-based Flowhub, a developer of compliance software used by the legal cannabis industry, disclosed that it has raised $3.25M in a Series A funding round today. The funding came from Green Lion Partners and Phyto Partners. Flowhub is led by founder and CEO Kyle SHerman; the company's software is used for managing the supply chain for growers and dispensaries.Continue →


Otterbox Teams With Swimwear Designer For New iPhone Cases

Looking for a tropical flair to your personalized iPhone case? Fort Collins, Colorado-based smartphone case maker Otterbox has teamed up with swimwear designer Trefle Designs, to feature the tropical, Caribbean-inspired patterns on its iPhone 7 and iPhone 7 Plus cases. Otterbox said the new designs are a collaboration with British Virgin Island-based designer Kristin Frazer, and are designed to bring "the spirit of the Caribbean" to its product lineup....Continue →


NAVEX Global Expands In Idaho

NAVEX Global, a developer of ethics and compliance software and services, said this week that it is expanding its operations in Rexburg, Idaho. According to NAVEX Global, it will expand its contact center operations in Rexburg, adding between 80 to 100 new employees at a new contact center in the city. The company said it already has 50 sales, service, and software development people at the location, which is nearby to the campus of Brigham Young University-Idaho....Continue →


SSP Innovations Acquired By Warren Equity Partners

Centennial, Colorado-based SSP Innovations, a provider of geographical information systems (GIS) consulting services, has been acquired by private equity investor Warren Equity Partners. Financial details of the acquisition were not announced by the companies. As part of the acquisition, SSP will add Skye Perry, Scott Bruckmann and Steven Wacaster to SSP's board as part of the acquisition....Continue →



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