Convercent provides multi-dimensional insight into an organization's health, offering an integrated suite for managing company policies, tracking employee education and streamlining case management. This financing for the company marks the first investment from SAP's $650 million SAP Ventures Fund II.
The Mile High City has attracted a lot of VC attention over the years, particularly in the last two, with $228 million of venture capital financing poured into Denver-based companies in 2011 and $200 million in 2012. The city is on track for another solid showing this year with $189 million already invested across 26 deals in 2013 to date.
All in all, 255 VC investments have taken place in Denver, according to the PitchBook Platform. Software has, by far, been the most popular sector in Denver for VC investment, accounting for 45% of the city's deals. The second most popular space has been commercial services with an 11% share.