Last week, Colorado was named the winner of the Quantum Hub bid. Specifically, the U.S. The Department of Energy EDA announced Elevate Quantum was awarded $40.5 million as a Tech Hub II grant. The federal grant secured an additional $77 million from the state of Colorado and $10 million from New Mexico. The $127 million in funding solidifies the US by way of the Mountain West at the forefront of the quantum revolution. Beyond national security needs, quantum has vast capabilities that will forever change our world and lead us to the next level of technological evolution. This funding will be used to create Quantum centers to support innovation and collaboration amongst engineers, inspire entrepreneurs and attract investors. We’re ecstatic to establish Colorado as the home of Quantum, and Caruso Ventures is a proud investor of Quantum companies: Atom Computing, Infleqtion, Maybell Quantum, and Vescent. Thank you all - your global Quantum leadership bolstered Colorado's bid for this Tech Hub award. Looking forward, this award opens up the possibility of an additional $960 million of federal Tech Hub grants over the next 10 years. A huge thanks is in order to Zachary Yerushalmi, Corban Tillemann-Dick and Wendy Lea from the Elevate Quantum team for their exceptional leadership in securing the funding. https://lnkd.in/gsWEeVXP
Caruso Ventures
Investment Management
Boulder, CO 1,252 followers
Investing in High-Impact Scaleups and Supporting Next Generation Entrepreneurial Leaders
About us
Caruso Ventures invests in tech-enabled companies led by highly effective CEOs. We use our deep scale up experience to help the next generation of tech leaders achieve their visions. Our typical initial investment is $1.5 million in companies at the early revenue ramp stage, ranging from $500k to $2.5 million. We are industry agnostic and we will lead or follow. Most of our investments are headquartered in the Rocky Mountain Region or are Endeavor Global companies. Caruso Ventures sets up Special Purpose Vehicles (“SPV”) for our investments, which allows for additional investors to participate in select investments.
- Website
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https://carusoventures.com/
External link for Caruso Ventures
- Industry
- Investment Management
- Company size
- 2-10 employees
- Headquarters
- Boulder, CO
- Type
- Privately Held
- Founded
- 2020
Locations
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Primary
Boulder, CO, US
Employees at Caruso Ventures
Updates
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Introducing our newest portfolio company, FreshX! FreshX is creating software for the food and beverage industry to support refrigeration logistics. They strive to prevent spoiled products, inefficient routing, and trucks operating under capacity. Co-Founders Clay Curran and Lance Hackney won the NVC at Polsky Center at the University of Chicago this year.
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Congratulations to Heather Shoemaker for being recognized by Inc on their 2024 Female Founders 250 List! Heather is the CEO of Language I/O, a Caruso Ventures portfolio company, which set a new 99.3 percent translation accuracy rate in the language technology industry. https://lnkd.in/gNhVyksm
Language I/O is on Inc.'s 2024 Female Founders 250 List
inc.com
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CNBC will be releasing “Cities of Success: Denver & Boulder” this Thursday, April 11th, at 8:00pm MT. The episode will highlight leaders across Colorado’s ecosystem with Colorado’s Governor, Denver’s Mayor, Voyager Space CEO Dylan Taylor, Maybell Quantum’s Corban Tillemann-Dick and Caruso Ventures’ Dan Caruso among the featured guests. Join us for a casual Zoom Watch Party during the episode. Watch the show live at your house and use the Zoom as a place to chat. If you're interested in joining, please reach out to ea@carusoventures.com and you will be sent a zoom invite. We hope to see you there. https://lnkd.in/gT3jyk7r
CNBC's Cities of Success Denver, Boulder: Sneak Peek
cnbc.com
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The highly anticipated opening of the Moxy hotel in Boulder, CO has been set for May 8th! Congratulations to the BMC Investments team! Caruso Ventures is a proud investor. Read more about the hotel and its opening https://lnkd.in/gSsrSHBg
BMC Investments - in partnership with Nichols Partnership and Vision Hospitality Group - is thrilled to be opening the Moxy on University Hill in Boulder in May. The first hotel to open in Boulder since 2018, this property will be a catalyst for much-needed improvement to the city’s main commercial district.
Boulder’s first hotel in years will open in May to revitalize University Hill
denvergazette.com
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Radia, Inc., a Caruso Ventures portfolio company, is producing a plane large enough to transport wind turbines the length of a football field! This will transform the wind energy industry by allowing turbines currently only used offshore to be used onshore as well. Their impact on clean energy is monumental. CEO Mark Lundstrom and Vice President of Aircraft Development Rachel Kelley are Endeavor Entrepreneurs sponsored by Endeavor Colorado. We are proud to support Radia in their exciting journey. https://lnkd.in/g-Mi6b3H
WSJ News Exclusive | How the World’s Biggest Plane Would Supersize Wind Energy
wsj.com
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Congratulations Maybell Quantum on closing a remarkable $25 million funding round led by Cerberus Capital Management, L.P.! This investment marks a pivotal moment in Maybell's journey towards quantum innovation, with plans to scale manufacturing and open a new production facility in 2024. Established in 2021, Maybell Quantum has quickly become a global leader in quantum infrastructure, offering cutting-edge cryogenic platforms and launching MayQ Labs to democratize access to quantum research tools. Maybell is shaping the trajectory of the quantum industry and tackling global challenges through innovation and collaboration. Congratulations, Maybell Quantum! Caruso Ventures is proud to have participated three times as a Maybell investor. Read more about this exciting raise here; https://lnkd.in/gZU2aEHY
Maybell Quantum Announces $25M Series A Funding Led by Cerberus
maybellquantum.com
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Governor Jared Polis has announced a groundbreaking $74 million investment in Colorado's quantum ecosystem, propelling the state to the forefront of quantum innovation. The Quantum Tax Credit bill aims to fortify Colorado's position as a tech hub, encouraging quantum businesses to thrive and fostering collaboration between academia and industry. With an estimated 10,000 good-paying jobs on the horizon, this investment will power Colorado's economy and drive innovation across various sectors. Colorado's designation as a Quantum Tech Hub signals a pivotal moment in quantum science and technology. We're poised to lead the charge toward transformative discoveries and economic growth. Read more about this exciting news here; https://lnkd.in/ean9Ms6E
State Leaders Announce Details Of Legislation To Unlock >$1 Billion in Funding to Colorado's Quantum Ecosystem
https://thequantuminsider.com
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We are proud to have Guest House as a Caruso Ventures portfolio company as they continue to make strides in revolutionizing home staging! Stay tuned as Guest House unveils exciting new partnerships, products, and features in the pipeline. The future of home staging is looking brighter than ever!
The team that's changing home staging forever 🤘 Last month, we had our first ever annual kickoff for Guest House in person. We brought together market leaders, software engineers and our leadership team in one room to map out the business in 2024. The result was pure magic. Excited to share more as we announce new partnerships, products + features in the coming months. Also – to everyone debating remote vs. hybrid vs. in-person teams – bring your people together in real life more often. Your company culture will thank you. Thanks to our friends at Fantastic Frank Colorado for hosting us at their amazing new space.
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Caruso Ventures reposted this
Our Managing Director Dan Caruso was recently featured in an NJFX article for their Luminaries in Telecom series! They discussed Dan’s telecom career at Ameritech, MFS Communications/Worldcom, Level 3 Communications, ICG Communications, and Zayo Group. Click the link below to learn about how Dan grew Zayo through M&A, Dan’s beliefs on the power of AI, and his plan for the generations to come. https://lnkd.in/gdREEhx9
Luminaries in Telecom "The Foreseeing Magnate" Dan Caruso » NJFX
https://njfx.net