Recently Boulder based Datalogix announced that they had raised $25M to accelerate the build-out of its online ad targeting data business. The Datalogix story is one of perseverance and adaptation and it’s great to see them taking off. TechCrunch reported on the financing here. One thing caught my eye in the story and got my hackles up. In the very first paragraph about the financing Josh Constine said the following:
Since it’s based in Denver you don’t hear a lot about Datalogix, but the 250 employee startup is crucial to the future of advertising
Living in Boulder and being one of the more active adtech investors in the country (see our Adhesive investment theme) I can’t let this pass without responding. The Denver/Boulder market is actually a vibrant place for digital media companies. And you don’t have to look very hard to find them.
A few years ago Walter Knapp of Federated Media (who has a 70+ person office here after their acquisition of Lijit Networks in 2011) and I put together a conference called B.Media – a gathering of both local and national leaders working in digital media. And it was clear from that gathering that there’s no lack of energy around digital media companies here in Colorado (both on the technology side as well as the publisher side). From our early roots in ad serving with MatchLogic (acquired by Excite in ’98), and Crispin Porter + Bogusky’s 700+ person media agency headquartered here; SpotXchange which is doing pioneering work in RTB video; Yieldex (which was founded here in Boulder before moving their headquarters to New York); LinkSmart, a Foundry funded audience development network; Lijit which was mentioned above and built a very successful business here; Altitude Digital down in Denver; and Victors & Spoils which was recently bought by Havas.
I could go on, but I think you get the point. Denver/Boulder is a great place to start and build great digital media businesses.