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Venture Capital Firms in Denver

20 venture capital firms are on this list. Of those that report private fund gross assets from a main office in the Denver metro, BITKRAFT Ventures Management is the largest: $874 million through BITKRAFT Ventures Management, LLC (filed ).

Altira Group follows with $688 million. The 20 firms counted report $3.7 billion together; the ten largest hold 88% of it, and half report less than $67 million.

Updated . Rechecked quarterly; next check . Figures read , as filed to .

Where the $3.7BN sitsThe 20 firms counted, by size. The bar is each size band's share of the combined dollars.
  1. $500MM to $1BN58%3 firms
  2. Under $500MM42%17 firms

Latest Form ADV of each, filed Feb 2026 to May 2026. Read ; sources at the end of the page.

Venture capital firms listedList of November 2026; 20 are venture capital firms
20
Combined fund assets20 counted; as filed to May 2026
$3.7BN
Largest: BITKRAFT Ventures ManagementAs filed
$874MM
Median firmHalf of the 20 report less
$67MM
Held by the ten largestOf the $3.7BN combined
88%

BITKRAFT Ventures Management, Altira Group and Saturn Five Advisors lead the Denver venture capital firms by fund assets

The ten largest by private fund gross assets on their latest Form ADV. Together they report $3.2BN, 88% of the $3.7BN the 20 counted report.

  1. 1

    BITKRAFT Ventures Management

    Venture capital firm, Denver

    $874MMPrivate fund gross assets, Mar 2026

    Regulatory assets
    $874MM
    Private funds
    6
  2. 2

    Altira Group

    Venture capital firm, Denver

    $688MMPrivate fund gross assets, Mar 2026

    Private funds
    6
  3. 3

    Saturn Five Advisors

    Venture capital firm, Denver

    $554MMPrivate fund gross assets, Mar 2026

    Regulatory assets
    $556MM
    Private funds
    22
  4. 4

    Konvoy

    Venture capital firm, Denver

    $338MMPrivate fund gross assets, Mar 2026

    Private funds
    7
  5. 5

    Varana Capital

    Venture capital firm, Denver

    $185MMPrivate fund gross assets, Mar 2026

    Private funds
    3
  6. 6

    Helios Climate Ventures

    Venture capital firm, Denver

    $139MMPrivate fund gross assets, Mar 2026

    Private funds
    38
  7. 7

    2020HL

    Venture capital firm, Denver

    $135MMPrivate fund gross assets, May 2026

    Private funds
    1
  8. 8

    Blackhorn Ventures Management II

    Venture capital firm, Denver

    $133MMPrivate fund gross assets, Mar 2026

    Private funds
    3
  9. 9

    CU Healthcare Innovation Management

    Venture capital firm, Aurora

    $101MMPrivate fund gross assets, Mar 2026

    Private funds
    2
  10. 10

    Juniper Ventures Management

    Venture capital firm, Denver

    $80MMPrivate fund gross assets, Mar 2026

    Private funds
    3

Gross assets of the private funds each adviser reported in its latest Form ADV. Each pin opens the filing behind the figure; the ranking rule and sources are at the end of the page. Read .

One firm holds a quarter of the fund assets

How the 20 firms counted spread by size: most are small, the dollars sit at the top.

Every firm on one scaleEach dot is one firm's private fund gross assets in its latest filing. Filled: advisers whose private funds are mostly venture capital; open: advisers with other funds too. Dollar scale is logarithmic.
Fund assets of each of the 20 firms counted, log scaleEach dot is one adviser and links to its row. BITKRAFT Ventures Management $874MM; Altira Group $688MM; Saturn Five Advisors $554MM; median $67MM.$10MM$100MM$1BNBITKRAFT Ventures Management: $874MMAltira Group: $688MMSaturn Five Advisors: $554MMKonvoy: $338MMVarana Capital: $185MMHelios Climate Ventures: $139MM2020HL: $135MMBlackhorn Ventures Management II: $133MMCU Healthcare Innovation Management: $101MMJuniper Ventures Management: $80MMTrailhead Capital: $55MMStormbreaker Venture Group: $55MMHannah Grey Ventures: $54MMDenver Angels: $54MMEquitage Ventures: $46MMKey Investment Partners: $40MM3lines: $38MMColorado Impact GP: $34MMAI Capital: $30MMRockies Venture Adviser: $27MMBITKRAFT Ventures Management $874MMAltira Group $688MMSaturn Five Advisors $554MMMedian $67MMFund assets of each of the 20 firms counted, log scaleEach dot is one adviser and links to its row. BITKRAFT Ventures Management $874MM; Altira Group $688MM; Saturn Five Advisors $554MM; median $67MM.$10MM$1BNBITKRAFT Ventures Management $874MMMedian $67MM

One dot per firm counted. Read .

The 20 firms, by size
Under $500MM1742%$1.5BN
$500MM to $1BN358%$2.1BN
$1BN to $5BN00%$0
$5BN to $10BN00%$0
$10BN to $25BN00%$0
$25BN and over00%$0

Fund assets each reported in its latest filing; shares are of the $3.7BN combined, one row per firm. Read .

24%

of the fund assets reported sits with one firm, BITKRAFT Ventures Management. The five largest hold 72%; 20 of 20 report under $1 billion.

24%Largest48%Next 428%Other 15
Who the 20 are
  1. Venture capital firms20

Kind of each, from its own website and filings, checked November 2026.

Where the 20 areThe 4 places with the most firms
  1. Denver17
  2. Arvada1
  3. Aurora1
  4. Greenwood Village1

Main office on each firm's Form ADV.

Leaders beyond the ranking

Figures the main ranking does not compare: most private funds.

Most private fundsPrivate funds each firm advises, on its latest Form ADV (Schedule D).
RankNameFigure
1Denver Angels57Apr 2026
2Rockies Venture Adviser47Apr 2026
3Helios Climate Ventures38Mar 2026
4Saturn Five Advisors22Mar 2026
5Key Investment Partners14Mar 2026
63lines11May 2026
7Konvoy7Mar 2026
8Altira Group6Mar 2026

The list is public. The warm path is not. Schedule a conversation

All 20 venture capital firms

A to Z, with each firm's private fund gross assets, private funds, listed stocks and fund offerings, each with a pin to its filing; firms with no figure show the interests they state on their own sites.

Showing all 20 firms

Kind
Where
Size
Order
Venture Capital Firms in Denver 20 firms, A to Z
FirmFund assetsBarPrivate fundsListed stocksFund offerings
2020HL
Venture capital firm, Denver.
Detail and sources for 2020HL

Form ADV of 2020HL, LLC (CRD 322016), exempt reporting adviser, filed : 1 private fund, $135MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$135MMMay 20261
3lines
Venture capital firm, Greenwood Village.
Detail and sources for 3lines

Form ADV of 3lines, LLC (CRD 305835), exempt reporting adviser, filed , main office Greenwood Village, CO: 11 private funds, $38MM gross.

Tied to this row by the CRD the list cites from the filing.

All 11 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$38MMMay 202611
AI Capital
Venture capital firm, Denver.
Detail and sources for AI Capital

Form ADV of AI Capital LLC (CRD 335052), exempt reporting adviser, filed : 3 private funds, $30MM gross.

Tied to this row by the CRD the list cites from the filing.

All 3 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$30MMMar 20263
Altira Group
Venture capital firm, Denver.
Detail and sources for Altira Group

Form ADV of Altira Group LLC (CRD 160010), exempt reporting adviser, filed , main office Denver, CO: 6 private funds, $688MM gross.

Tied to this row by the CRD the list cites from the filing.

All 6 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$688MMMar 20266
BITKRAFT Ventures Management
Venture capital firm, Denver.
Detail and sources for BITKRAFT Ventures Management

Form ADV of BITKRAFT Ventures Management, LLC (CRD 305847), SEC registered adviser, filed : regulatory assets $874MM; 6 private funds, $874MM gross; 27 employees.

Tied to this row by the CRD the list cites from the filing.

All 6 of its private funds are venture capital funds. Regulatory assets on the same filing: $874MM (Item 5.F), not ranked. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$874MMMar 20266
Blackhorn Ventures Management II
Venture capital firm, Denver.
Detail and sources for Blackhorn Ventures Management II

Form ADV of Blackhorn Ventures Management II, LLC (CRD 325836), exempt reporting adviser, filed , main office Denver, CO: 3 private funds, $133MM gross.

Tied to this row by the CRD the list cites from the filing.

A second adviser lists the same website on its Form ADV: Blackhorn Ventures Management, LLC (CRD 297981), filed , main office Denver, CO: private funds $131MM gross. Shown here only, never ranked or summed.

All 3 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. A second adviser of the same business, Blackhorn Ventures Management, LLC, files its own Form ADV: $131MM in private fund gross assets (August 2026), not added.

Files: SEC Form ADV.

$133MMMar 20263
Colorado Impact GP
Venture capital firm, Denver.
Detail and sources for Colorado Impact GP

Form ADV of Colorado Impact GP LLC (CRD 306203), exempt reporting adviser, filed , main office Denver, CO: 2 private funds, $34MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$34MMFeb 20262
CU Healthcare Innovation Management
Venture capital firm, Aurora.
Detail and sources for CU Healthcare Innovation Management

Form ADV of CU Healthcare Innovation Management, LLC (CRD 307949), exempt reporting adviser, filed , main office Aurora, CO: 2 private funds, $101MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$101MMMar 20262
Denver Angels
Venture capital firm, Denver.
Detail and sources for Denver Angels

Form ADV of Denver Angels Management, LLC (CRD 306752), exempt reporting adviser, filed , main office Denver, CO: 57 private funds, $54MM gross.

Tied to this row by the CRD the list cites from the filing.

All 57 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$54MMApr 202657
Equitage Ventures
Venture capital firm, Denver.
Detail and sources for Equitage Ventures

Form ADV of Equitage Ventures, L.L.C. (CRD 330134), exempt reporting adviser, filed , main office Denver, CO: 1 private fund, $46MM gross.

Tied to this row by the CRD the list cites from the filing.

1 private offering notice since October 2024 by 1 fund or vehicle named for the firm, latest by EQUITAGE VENTURES, L.P., as the notice names it.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV, Form D notices of funds named for it.

$46MMMar 202611
Hannah Grey Ventures
Venture capital firm, Denver.
Detail and sources for Hannah Grey Ventures

Form ADV of Hannah Grey Ventures, LLC (CRD 314454), exempt reporting adviser, filed : 2 private funds, $54MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$54MMMar 20262
Helios Climate Ventures
Venture capital firm, Denver.
Detail and sources for Helios Climate Ventures

Form ADV of Helios Climate Ventures, LLC (CRD 319615), exempt reporting adviser, filed , main office Denver, CO: 38 private funds, $139MM gross.

Tied to this row by the CRD the list cites from the filing.

All 38 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$139MMMar 202638
Juniper Ventures Management
Venture capital firm, Denver.
Detail and sources for Juniper Ventures Management

Form ADV of Juniper Ventures Management, LLC (CRD 338723), exempt reporting adviser, filed : 3 private funds, $80MM gross.

Tied to this row by the CRD the list cites from the filing.

All 3 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$80MMMar 20263
Key Investment Partners
Venture capital firm, Denver.
Detail and sources for Key Investment Partners

Form ADV of Key Investment Partners LLC (CRD 299384), exempt reporting adviser, filed , main office Denver, CO: 14 private funds, $40MM gross.

Tied to this row by the CRD the list cites from the filing.

All 14 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$40MMMar 202614
Konvoy
Venture capital firm, Denver.
Detail and sources for Konvoy

Form ADV of Konvoy Capital LLC (CRD 321077), exempt reporting adviser, filed , main office Denver, CO: 7 private funds, $338MM gross.

Tied to this row by the CRD the list cites from the filing.

All 7 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$338MMMar 20267
Rockies Venture Adviser
Venture capital firm, Denver.
Detail and sources for Rockies Venture Adviser

Form ADV of Rockies Venture Adviser, Llc. (CRD 284956), exempt reporting adviser, filed , main office Denver, CO: 47 private funds, $27MM gross.

Tied to this row by the CRD the list cites from the filing.

All 47 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$27MMApr 202647
Saturn Five Advisors
Venture capital firm, Denver.
Detail and sources for Saturn Five Advisors

Form ADV of Saturn Five Advisors LLC (CRD 322348), SEC registered adviser, filed , main office Denver, CO: regulatory assets $556MM; 22 private funds, $554MM gross; 21 employees.

Tied to this row by the CRD the list cites from the filing.

Of its 22 private funds, none is a venture capital fund; the others: 22 private equity. Regulatory assets on the same filing: $556MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$554MMMar 202622
Stormbreaker Venture Group
Venture capital firm, Arvada.
Detail and sources for Stormbreaker Venture Group

Form ADV of Stormbreaker Venture Group, Inc. (CRD 329875), exempt reporting adviser, filed , main office Arvada, CO: 4 private funds, $55MM gross.

Tied to this row by the CRD the list cites from the filing.

All 4 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$55MMMar 20264
Trailhead Capital
Venture capital firm, Denver.
Detail and sources for Trailhead Capital

Form ADV of Trailhead Capital Management LLC (CRD 315272), exempt reporting adviser, filed , main office Denver, CO: 2 private funds, $55MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$55MMMar 20262
Varana Capital
Venture capital firm, Denver.
Detail and sources for Varana Capital

Form ADV of Varana Capital, LLC (CRD 317167), exempt reporting adviser, filed , main office Denver, CO: 3 private funds, $185MM gross.

Tied to this row by the CRD the list cites from the filing.

All 3 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$185MMMar 20263

Fund assets are the gross assets of the private funds in the adviser's latest Form ADV (solid bar; grey when the firm is not in the totals). Listed stocks are the US listed securities a firm reports each quarter; fund offerings count the private offering notices of funds named for the firm in two years. Each pin opens the filing behind the figure. The square beside a name opens every figure with its filing and notes.

A few large advisers hold most of the money

Five findings from the filings of the 20 firms counted.

  1. 24%

    of the $3.7 billion the 20 firms counted report is one firm's: BITKRAFT Ventures Management. Without it, the other 19 report $2.8 billion.

    Fund assets, latest Form ADV of each; sums of filed figures

  2. $67MM

    is the median: half of the 20 report less, and 20 report under $1 billion.

    Fund assets, latest Form ADV of each

  3. 234

    private funds are advised by the firms counted; Denver Angels advises the most, 57.

    Private funds on each Form ADV (Schedule D); sums of filed figures

  4. 1

    private offering notices in two years were filed by funds and vehicles named for 1 firm; Equitage Ventures leads with 1.

    Private offering notices, to

  5. 17

    of the 20 have their main office in Denver; the next place is Aurora, with 1.

    Main office on each Form ADV

Questions

How many venture capital firms are there in Denver?

This list holds 20 venture capital firms in the Denver metro; 20 of them report private fund gross assets on Form ADV, $3.7 billion together.

What are the largest venture capital firms in Denver?

By the private fund gross assets they report: BITKRAFT Ventures Management $874 million, Altira Group $688 million, Saturn Five Advisors $554 million, Konvoy $338 million, Varana Capital $185 million.

How much do venture capital firms in Denver typically manage?

Of the 20 that report, the median reports $67 million in private fund gross assets; 20 report under $1 billion.

How do you start a relationship with venture capital firms in Denver?

Each firm on this page links to its own website, and each figure carries a pin that opens the public filing it comes from. For fund managers and companies raising capital, Praxis Rock runs capital formation programs; see Raise Capital.

Sources and method

Who is listed
20 venture capital firms, 20 are venture capital firms, as researched for this list; no row leaves the list.
Ranking rule
The top 10, every total, share and median, the charts and the answers to the questions use one set: the 20 advisers that report private fund gross assets in their latest SEC Form ADV, with a main office in the Denver metro, that the filing itself ties to the row (the CRD the list cites, or the row's own website in Item 1.I), one figure per adviser. A name match with no such tie is shown in the row's detail only, never ranked or counted.
Our arithmetic
The $3.7BN, the median, shares, charts and boards are sums and medians of filed numbers over that one set; 0 firms with a figure outside it stay listed with the figure and the reason.
Pins
Each figure's pin opens the filing it comes from: the adviser's Form ADV as filed, or the SEC filing index of its 13F report or of the latest private offering notice (Form D). The pin's label names the source and its date.
What we searched
On we searched every firm by its website against the websites advisers list on Form ADV, by the CRD the list cites, by name for Form ADV, and by every CIK found for 13F reports, and searched private offering notices for funds named for it. Of the 20, 20 report on a current Form ADV, 0 file 13F reports (0 for a 2026 quarter with a value), 1 have funds named for them in private offering notices, and 0 more show a possible match by name only in their detail, not counted.
Words
Kinds and interests are each firm's own, from its website. No person names are shown.
Sources and dates
FigureSourcePeriod, read
Assets, private funds, client types, main office, employeesSEC Form ADV adviser data, October 2026 report, and each adviser's Form ADV as filed, 20 advisersFilings to 2026-10-01; read 2026-10-31
Listed stocksSEC EDGAR Form 13F, 0 filersLatest quarter; read 2026-10-31
Private offering notices of funds named for a firmSEC EDGAR full text search, Form D and D/A2024-10-31 to 2026-10-31
Kind, interests and websiteEach firm's own website, as researched for this listChecked 2026-10-31
LogosEach firm's own website; a monogram where none checksRead 2026-10-31

Cite as: Praxis Rock Advisors, "Venture Capital Firms in Denver," updated November 1, 2026, praxisrock.com/resources/investors/vc-firms-denver

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