Cybersecurity, vacation rentals and more nab “Denver Gazelle” top fast-growing company honors

Denver Startup Week, which began Monday, is not just for entrepreneurs. It’s for organizations to make big announcements about their own activities.

The city of Denver announced its “Denver Gazelles,” a way to distinguish fast-growing companies that aren’t part of the over-the-top hype that so-called unicorns like Uber and Airbnb have in Silicon Valley.

This year’s 2017 class are noted because they have “excellent potential in raising money and creating jobs,” according to the city news release. This year’s class includes:

  • CyberGRX, a cybersecurity firm that focuses on risk management to make sure a client’s partners and suppliers have updated their security. The Denver firm raised $20 million in venture capital in April.
  • Evolve Vacation Rental Network, a vacation-rental management company, links vacation-home owners to vacationers. It raised $11 million in June and employs 160 people.
  • GoSpotCheck, a web and mobile app developer has a tool to help retailers get “retail intelligence,” such as remotely seeing what products are on display at stores. It raised $16.5 million last September and employs about 100 people.
  • PaySimple, a payment-technology developer, added a $115 million private equity investment in October. It employs nearly 100 people.
  • SyncHR, which provides technology to manage human resources, payroll and benefits for growing companies, has doubled its annual revenue for the past three years. It raised $13 million this year and employs 130 people.

Past Denver Gazelles include email firm SendGrid, which moved to Denver from Boulder last year, and Ping Identity, which was acquired by Vista Equity Partners.

The five companies will share their startup stories during Denver Startup Week on Wednesday, at 1 p.m. at The Commons on Champa, 1245 Champa St.

Separately, Chase for Business, a major sponsor of the event, announced it is investing $60,000 each in five area nonprofits. Those include:

  • Accion, which offers business loans to economically underserved entrepreneurs
  • Colorado Enterprise Fund, which provide access to capital for underserved entrepreneurs
  • The Commons on Champa, a public and private partnership that focuses on supporting entrepreneurship in Denver
  • Community Reinvestment Fund, USA, lends money to underserved entrepreneurs
  • Mi Casa Resource Center, provides services to Latino entrepreneurs and working families

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