Colorado’s VictorOps and SendGrid score a combined $45.2 million in fresh funding

2 min. read

Boulder-based VictorOps and newly Denver-based SendGrid closed out November with a combined $45.2 million in funding.

Boulder-based venture capital firm Foundry Group represented Colorado capital by participating in both rounds.

Founded in 2012, VictorOps is an IT management company that helps development and operations teams keep software up and running. Their incident management platform allows customers to track issues in real-time and encourages collaboration between IT and DevOps teams for problem solving. They boast such well-known clientele as Snapchat and Cisco.

VictorOps closed a $12.2 million Series B round of funding on Wednesday, bringing their cumulative total funding to $30.9 million. A new California-based backer, the venture capital division of J.F. Shea, led the series and former investors Foundry Group and Costanoa Venture Capital also participated.

SendGrid, which is having a good 2016, just closed a $33 million Series D. The funding was led by California-based Bain Capital Ventures, with participation from previous investors, Foundry Group, Bessemer Venture Partners and SofTech VC.

SendGrid announced Wednesday the funding will be used to enhance their email marketing product and expert services offerings, as well as help with the company’s global expansion, which includes hiring about 400 additional employees by 2020.

Multimedia business & healthcare reporter Chloe Aiello can be reached via email at [email protected] or

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