A panel of venture capital firm leaders say Colorado’s startup ecosystem has grown rapidly in the past several years and is in a strong position to capitalize on the coming remote or hybrid work models in a post-COVID world.

The panel, which was hosted virtually Wednesday morning by Westminster-based Access Venture Partners, included Costanoa Ventures principal Amy Cheetham, Delta-V Capital’s Colin Barclay and Access Ventures managing director Kirk Holland.

Colorado companies raised about $2.21 billion in venture capital through 451 deals and 117 exits, according to a report issued alongside the panel discussion. That figure is good enough to make Colorado the sixth-most active state for venture deals.

However, there was a 13% decline in the number of venture deals struck in the state between 2019 and 2020, likely due to the economic uncertainty generated by the COVID-19 pandemic.

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