Service Provider Capital

Service Provider Capital is a venture capital firm established in 2014 and located in Golden, Colorado. The firm focuses on co-investing in seed and series A rounds, primarily in collaboration with institutional venture funds. It targets a diverse range of sectors, including artificial intelligence, machine learning, blockchain, cannabis, cybersecurity, e-commerce, education technology, fintech, hardware, information technology, robotics, and health. By concentrating on these industries, Service Provider Capital aims to support innovative companies at critical stages of their development.

Patrick Cerone

Managing Director

Edward Hill

Managing Director

Ned Hill

Managing Director - Southeast Fund I

Galen Mason

Managing Director - Midwest Fund I

Jody Shepherd

Founder / Managing Director - Rocky Mountain Fund

Past deals in Cloud Services

DigitalEx

Pre Seed Round in 2023
DigitalEx is a company that focuses on helping enterprises manage and optimize their cloud spending to address rising costs and inefficiencies. It offers a hybrid cloud cost optimization platform that provides real-time visibility and control over on-premises infrastructure and cloud expenses. Utilizing artificial intelligence, DigitalEx enables clients to monitor, analyze, and simulate costs associated with running workloads across different cloud environments. This technology not only allows businesses to reduce spending but also supports their operational efficiency and digital transformation goals. By offering transparency and insight into cloud usage, DigitalEx empowers organizations to make informed decisions regarding their cloud resources.

Pendella Technologies

Seed Round in 2022
Pendella is a technology company that offers a cloud-based platform for individual life and disability insurance, aiming to make financial protection accessible to everyone, regardless of age, health, or income. Its full-stack, enterprise solution utilizes artificial intelligence and big data to automate the underwriting process, allowing consumers to purchase insurance policies online in minutes without the need for paperwork or medical exams. By partnering with top-rated insurance carriers and distributors, Pendella provides a seamless, customizable experience that enhances accessibility and affordability in the insurance market.

ChartSpan Medical Technologies

Series A in 2019
ChartSpan provides turn-key, managed care coordination and compliance programs for doctors, clinics and health systems. We manage patient care coordination programs for more than 100 of the most successful practices and health systems in the United States. ChartSpan's trained clinicians telephonicaly engage each doctors sickest patients, monthly, checking to make sure they are adhering to care plans, taking their medications, and addressing care issues they experience. Bi-directional clinical and billing data is managed and automated by integrating directly with each client's EHR system. ChartSpan delivers new revenue for practices, dramatically improves patient outcomes and drives MIPS compliance. ChartSpan is proud to have been named one of the Top 10 Most Innovative Companies in America.

Deep Lens

Series A in 2019
Deep Lens, Inc. is a technology company based in Columbus, Ohio, that specializes in digital pathology and healthcare data platforms. Founded in 2005, it develops the VIPER platform, which utilizes artificial intelligence for image detection and workflow support. The platform facilitates collaboration among pathology groups, enhancing cancer research and enabling healthcare providers to match patients with appropriate clinical trials and precision therapies. By integrating cloud storage and APIs for third-party AI models, Deep Lens streamlines processes for pathologists and physicians, ultimately improving patient treatment options. The company's focus on compliance and efficient data handling positions it as a valuable player in the healthcare technology sector.

Stord

Series A in 2019
Stord, Inc. is a technology company based in Atlanta, Georgia, that specializes in cloud-based warehousing and distribution services. Founded in 2015, Stord provides an integrated platform that allows clients to manage their product flow across multiple warehouses through a single dashboard. This platform is designed to optimize inventory and orders, facilitating on-demand scalability for shippers within a global logistics network. By leveraging a digital warehousing and distribution network, Stord enhances visibility and control over inventory, creating intelligent and self-correcting supply chains. The company partners with numerous brands to improve their ecommerce operations, enabling faster shipping, reliable delivery, and cost reductions while enhancing customer satisfaction. Stord's services are utilized by a range of well-known brands, positioning the company as a key player in the ecommerce enablement space.

Harper

Seed Round in 2019
Harper takes the "stack" out of "tech stack" by combining ultra-fast data storage, caching, application, and streaming systems into a single, distributed technology. This eliminates the need for complex integrations between distributed systems, latency-inducing network hops, and time-consuming development cycles that plague other distributed system strategies. With Harper, you can deliver services previously considered unfeasible to build and maintain. Its exceptional performance, ultra-low latency, radical simplicity, and unmatched cost efficiency make it a game-changer for global-scale service delivery. Share your backend service requirements with us, and we'll demonstrate how a distributed systems technology can simplify and accelerate your mission-critical services.

PatientOne

Seed Round in 2019
PatientOne is a company that focuses on educating patients to make informed decisions about their healthcare. It provides home patient monitoring and chronic care management through cloud-based software tools that allow for the instant sharing of patient vital information, health status, and alerts. The company has developed an automated care management and remote monitoring platform aimed at transforming medical care delivery through streamlined digital processes. This platform supports physician offices in utilizing new electronic care code sets for remote patient monitoring and chronic care management, significantly reducing communication errors and the need for phone interactions. By enhancing communication and operational efficiency, PatientOne enables healthcare providers to improve patient safety and satisfaction while minimizing reimbursement costs.

DAtAnchor

Seed Round in 2018
Traditional IT controls focus on locking down networks, devices, and people. All of this is done in the name of protecting data. But, once files are moved, shared, or stolen, the data is no longer protected. Even worse, these controls get in the way and frustrate business users to the point they intentionally work around them. Anchor inverts the equation by baking protection into the data, invisible to the business users (like antivirus), so that files are free to travel and security is out of the way. Simply put, wherever the data goes, it is protected. Anchor is a SaaS platform, with an endpoint component, that bakes protection into your files with a unique transparent combination of encryption, continuous multi-factor access controls, and a digital chain of custody. And when you do share or collaborate, Anchor protection stays with your data, even when it leaves your organization. Anchor empowers you to maintain control of your files while collaborating on premise or in the cloud, including forensic logging and revoking access. In under 90 minutes, Anchor is fully deployed and empowers your business users to securely work and collaborate without complicated security products or rules in the way. All without requiring you to change existing IT controls or how your users and applications work today. DAtAnchor is a result of a multi-year research activity, developed at Ohio State University. The development team currently has 6 members, 4 of which are full-time. We have seed level funding for >1M and an advisory board with members at the senior vice president level in Fortune 500 companies.

LiveSource

Venture Round in 2018
LiveSource, Inc. is a provider of cloud-based supplier management solutions tailored for manufacturers in highly regulated industries such as automotive, aerospace, and defense, as well as medical sectors. Founded in 2018 and headquartered in Atlanta, Georgia, the company offers a platform that consolidates various business processes, including supplier risk management, sourcing, tooling management, part quality, and program management. Its services encompass strategic sourcing, which includes requisitions, e-sourcing, cost analysis, and savings tracking, as well as comprehensive supplier management features like onboarding, compliance, and contract management. LiveSource aims to facilitate supplier interactions throughout the supply chain, helping clients mitigate risks, reduce costs, and enhance service quality.

KyckGlobal

Series A in 2018
KyckGlobal is a digital disbursements platform that simplifies the process of managing payments to individuals outside traditional payroll and supplier channels. By reducing costs and complications, KyckGlobal mitigates risks for companies while enhancing the experience for payees through quick access to multiple payment options. Its cloud-based platform is designed to address the complexities of managing contract workforces by providing features such as diverse payment methods, document storage, and tax form generation. This flexibility enables companies to attract and retain talent effectively, facilitating efficient payment processes and improved workforce management.

RemoteLock

Series A in 2018
RemoteLock, a subsidiary of LockState, Inc., specializes in cloud-based smart lock management systems aimed at enhancing secure and remote access control for both commercial and residential markets. Founded in 2016 and based in Denver, Colorado, the company provides a range of products that facilitate remote access for managers of vacation rental properties, retail establishments, commercial spaces, and apartments. Their offerings include a Wi-Fi-enabled lock system that allows users to manage doors remotely through unique access codes, while also providing notifications for door activity. This technology enables clients to efficiently control access for guests, employees, and support staff, ultimately leading to savings in time, money, and manpower.

MentorcliQ

Funding Round in 2018
MentorcliQ, Inc. is a provider of cloud-based employee mentoring software that helps organizations establish, support, and enhance mentoring programs. Founded in 2012 and headquartered in Columbus, Ohio, the company offers a platform designed to improve employee engagement, development, and retention through customized mentoring solutions. MentorcliQ's software facilitates the recruitment, enrollment, matching, and management of mentoring participants, creating structured relationships that foster professional growth. The platform features real-time dashboards and printable reports, allowing organizations to measure the effectiveness of their mentoring initiatives. Additionally, MentorcliQ provides training, support, security, and integration services to enhance user experience and optimize program outcomes. The company serves a diverse clientele, including Fortune 500 companies and regional non-profits, both in the United States and internationally.

ThreatX

Series A in 2018
ThreatX is a cybersecurity company that specializes in protecting application programming interfaces (APIs) from a variety of threats, including DDoS attacks, bot attacks, and exploitation of vulnerabilities. Its cloud-based platform offers comprehensive API protection by using advanced detection capabilities to identify malicious actors and respond dynamically to threats. The company's solutions are designed to help organizations across different industries effectively manage risks and safeguard their networks from cyberattacks. By leveraging cloud-optimized infrastructure, ThreatX provides essential tools for bot management and mitigation of distributed denial-of-service attacks, enabling businesses to maintain secure operations and communication.

Rachio

Series B in 2018
Rachio is a Denver-based software and hardware company focused on improving the water efficiency of homes. The company's Smart Controller enables to control outdoor sprinkler system from the palm of the user's hand, using a WiFi-enabled iOS or Android device. Rachio’s cloud-based software allows customers to manage their sprinkler systems from anywhere.

SaaSOptics

Series A in 2018
SaaSOptics, LLC is a cloud-based subscription management platform designed for B2B software-as-a-service and subscription-based businesses. Founded in 2009 and headquartered in Peachtree Corners, Georgia, the company provides solutions that simplify financial operations and enhance visibility into performance metrics. Its platform facilitates a range of functions, including subscription and order management, revenue recognition, e-invoicing, payment collection, and comprehensive financial reporting. By streamlining these processes, SaaSOptics helps businesses at various stages of growth eliminate reliance on spreadsheets and improve operational efficiency. The company serves clients across the United States, Canada, and Europe, catering to both early-stage companies and established enterprises.

Stateless

Seed Round in 2017
Stateless is a company based in Boulder, Colorado, focused on transforming connectivity through its software-defined interconnect (SD-IX) solutions. The platform enables colocation providers to offer scalable and flexible routing, security, and automation services at network interconnection points. By integrating software-based network functions with network function virtualization, Stateless allows providers to manage and connect various endpoints, including data centers, tenant sites, and hyperscale clouds. This innovative approach facilitates the creation of multi-tenant connectivity services, making it easier and more cost-effective for cloud service providers to deliver essential network services. Founded by Murad Kablan and Eric Keller, Stateless is a spinoff of their research aimed at enhancing network functionality and efficiency.

Backbone PLM

Seed Round in 2017
Backbone PLM, Inc. provides a cloud-based product lifecycle management solution specifically designed for the fashion and consumer goods industries. Founded in 2014 and based in Greeley, Colorado, Backbone PLM offers a comprehensive platform that facilitates product development through features such as file management, storage, and collaboration tools. Its offerings include a tech pack editor to centralize product data, customizable product templates, and project file storage capabilities. The platform aims to streamline complex design and development processes, enabling teams to manage product information effectively and collaborate seamlessly with suppliers. By improving efficiency and reducing time to market, Backbone PLM supports brands in innovating and scaling their product offerings.

Automox

Seed Round in 2017
Automox Inc. is a company that specializes in cloud-based patch management solutions, aimed at automating the configuration and maintenance of operating systems across Windows, Linux, and macOS environments. Founded in 2015 and based in Boulder, Colorado, Automox provides a platform that simplifies patch remediation without the need for additional servers or complicated setups. Its offerings include visibility into system inventory, vulnerability status, and policy compliance, enabling organizations to manage their IT infrastructure effectively from a single dashboard. By utilizing AI-powered automation, Automox helps IT professionals address critical vulnerabilities more swiftly, thereby reducing costs and complexity while enhancing productivity. The company was previously known as PatchSimple, Inc. before rebranding in 2016.

Atavium

Series A in 2017
Atavium offers a solution that can organize, automate, manage, and store exploding unstructured data sets, regardless if they are in a data center or the cloud. Atavium’s revolutionary data management system gives its customers the ability to automate the lifecycle of their data, even before the data is created. Atavium was founded by technology and solution veterans with a legacy of delivering game-changing products with long-lasting value in the storage and networking markets. These products have been acquired by companies such as Dell, EMC, and Cisco Systems. The team also has a long history of working together at several companies.

Rippleshot

Venture Round in 2017
Rippleshot, Inc. is a Chicago-based company that specializes in cloud-based predictive technology solutions designed to detect payment card data breaches. Founded in 2012, Rippleshot provides a range of services aimed at helping card issuers, processors, and merchants monitor suspicious activities and manage fraud risk effectively. Its offerings include Rippleshot Community, which assists credit unions and banks in identifying local and national breaches; Rippleshot National, a tool for fraud analysts to enhance card re-issuing strategies; Rippleshot Merchant, which allows store owners to track and assess data breaches through a user-friendly portal; and Rippleshot ISO, which helps acquirers monitor merchant data breach threats daily. The company’s technology leverages big data analytics and machine learning to reduce fraud losses significantly, ensuring timely detection of breaches and protection of consumer payment experiences.

Ascent360

Seed Round in 2017
Ascent360 is a software company based in Golden, Colorado, founded in 2013. It specializes in providing a cloud-based marketing platform designed to enhance revenue growth and customer engagement through data-driven strategies. The platform facilitates omnichannel marketing by analyzing customer data to identify purchase trends and preferences. This allows marketers to create customized campaigns and target specific audience segments effectively. Additionally, Ascent360 ensures compliance with data privacy regulations by integrating customer information from various sources, empowering businesses to derive actionable insights and maximize their marketing efforts.

Numetric

Seed Round in 2016
Numetric, Inc. specializes in cloud-based software solutions focused on traffic safety analytics for the transportation sector. Established in 2014 and based in Draper, Utah, the company provides a comprehensive platform that enables state and local agencies to collect, analyze, and share traffic data effectively. Its key offerings include the Traffic Safety Suite, which features tools for crash querying, network screening, and safety analysis, and the Design Suite, which assists with asset querying and project design. Numetric enhances its software with services such as implementation, training, and data management, allowing clients to streamline data preparation and improve decision-making processes. By integrating and visualizing traffic safety data, Numetric empowers agencies to make informed budgetary decisions and enhance roadway safety.

SaltStack

Seed Round in 2016
The SaltStack event-driven automation platform delivers threat-aware security compliance, fast and scalable control of any cloud, and configuration management for heterogeneous application environments and data center infrastructure. SaltStack was founded in 2012 to support the Salt open source project and to build and deliver SaltStack Enterprise. For more information, please visit www.saltstack.com

ShipBob

Series A in 2016
ShipBob Inc. is a technology company that specializes in providing online shipping and fulfillment services tailored for small e-commerce businesses. Founded in 2014 and headquartered in Chicago, Illinois, ShipBob offers an end-to-end fulfillment solution that includes warehousing, order management, and package delivery, enabling direct-to-consumer brands to ship products within 1-2 business days. Its platform integrates with various e-commerce platforms such as Shopify, Amazon, and eBay, allowing merchants to manage orders, track inventory, and communicate with customers effectively. ShipBob's services encompass pickup, packaging, batch fulfillment, and returns, supported by a network of fulfillment centers across the United States, including a key facility in Dallas, Texas. The company also provides a smartphone application for scheduling pickups and tracking shipments.

Omadi

Series A in 2015
Omadi, Inc. is a provider of cloud-based software tailored for the transportation, towing, recovery, security, and field service industries. Founded in 2013 and based in Provo, Utah, the company developed its platform to enhance operational efficiency by enabling users to track, analyze, and improve employee productivity while minimizing paperwork. Omadi's software allows businesses to manage various aspects, including dispatching, fleet tracking, client relationships, and financial processes such as billing and payroll. The platform also offers mobile management capabilities, which include custom reporting, alerts, and forms, making it adaptable to meet specific business needs. Initially created to support a private property impound company, Omadi has since expanded its functionalities and markets, becoming a comprehensive solution for various service-oriented industries.

SyncHR

Series A in 2015
SyncHR is HCM, redefined and simplified. SyncHR is the Human Capital Management (HCM) cloud-based technology leader streamlining Core HR, benefits, payroll and reporting in a single, enterprise-class application for mid-sized companies. Founded in 2010, the SyncHR team of industry veterans and visionaries has developed patented technology that saves time, increases productivity, and delivers a superior economic value by simplifying the complexity of HCM through one robust application. The company’s dedicated services and customer care teams deliver industry-leading implementation times, and the intuitive interface creates an enhanced user experience for employees and administrators. SyncHR has created a new reality in HCM by making centralized, interrelated data easy to access, correct, control, and analyze - anytime. Get started today, because no one should have to choose between affordability and premium functionality. www.syncHR.com

Apto

Series B in 2015
Apto, Inc. is a company that develops a cloud-based customer relationship and deal management software tailored for commercial real estate brokers. The platform provides tools for managing contacts, properties, listings, and deals, streamlining the entire deal lifecycle from prospecting to closing. Apto's software consolidates, organizes, and securely stores data in the cloud, ensuring that brokers can find, win, and execute deals efficiently while minimizing the risk of overlooking important details. Established in 2011 and headquartered in Denver, Colorado, Apto was previously known as McLabs, LLC.

SlamData

Seed Round in 2015
SlamData software is a solution for data integration and preparation of any data stored in S3, Azure, and Google. It gives more analytics-ready, regardless of complexity. SlamData has connectors to MongoDB, MarkLogic, Couchbase, and Hadoop and employs the industry's first “in-database” analytics solution to keep data processing and analytics close to the data. It was founded in 2014 and is headquartered in Boulder, Colorado.

Dizzion

Series A in 2015
Dizzion [rhymes with vision] is bringing the power of cloud computing to the desktop by enabling employees to securely access their applications and data from any device, anytime, anywhere while enjoying the same access, security, and productivity as they do in their office environment. Its proprietary managed desktop service is built on enterprise technology that includes infrastructure, software licensing, management, support, and security for a monthly fee. Dizzion was founded in 2011 and is based in Denver, Colorado, United States.
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