Colorado-based Boulder Ventures to Raise $100M Venture Fund

Xconomy Boulder/Denver — 

The flurry of activity in Colorado’s small venture capital world continues, with news emerging that local VC firm Boulder Ventures is raising a new $100 million fund.

Boulder Ventures is a Boulder-based firm that specializes in investing in companies in the Boulder-Denver area. The firm invests in software, hardware, IT, and biotech companies. Its list of investments includes Rally Software Development (NYSE: RALY), which went public in April, and LineRate Systems, a startup that F5 Networks bought this year for more than $120 million.

The firm’s plans were revealed Thursday in a filing with the SEC. According to the paperwork, the fund will be called Boulder Ventures VI.

Boulder Ventures general partner Kyle Lefkoff said the firm cannot comment on the fund until it is closed.

Boulder Ventures has raised five funds since 1995 and manages more than $300 million, according to the firm’s website. Its partners in Colordo are Lefkoff and Peter Roshko, and the firm has a partner who makes investments in the Mid-Atlantic states.