Denver-based Thought Equity lands $25 million investment

The Denver Post - Tuesday, August 16, 2011 - Denver-based Thought Equity Motion​ has reeled in $25 million from a Los Angeles private-equity firm with ties to the Disney family.

The deal, among the largest investments secured by a Colorado firm this year, will be announced this week.

“From a tech perspective, it’s a pretty sizable investment into the Denver community,” said Thought Equity chief executive Kevin Schaff.

He said a small portion of the funds from Shamrock Capital Advisors has been used to pay off an old investor. The bulk of the money will help Thought Equity expand its cloud-based storage and video management platform. Companies such as Sony Pictures Entertainment​ use Thought Equity’s technology and services to embed metadata into video footage, allowing viewers to search by actor, specific quotes or location and jump to the scene.

Shamrock partner Robert Perille said Thought Equity’s existing clients is a reason for the investment. The company is positioned “to capitalize on this tremendous market opportunity in digital asset management,” he said in a statement.

In 2010, Shamrock’s private-equity business was separated from Shamrock Holdings​, the investment arm for the family of the late Roy E. Disney.

Thought Equity ranked No. 59 on Business Insider’s 2010 list of the most valuable startups with a valuation of $200 million. Schaff wouldn’t disclose how much financing Thought Equity, which employs 150, including 75 in Denver, has raised to date. The company was founded in 2003.

Investments in Colorado appear to be returning after venture funding in the state approached a seven-year low in 2010. Last week, Denver software maker Quark announced that it was acquired by a private-equity firm, and Boulder app maker Occipital secured $7 million in venture capital.

In the second quarter of this year, there were 21 venture capital deals in Colorado totaling $204 million, according to the MoneyTree Report from PriceWaterhouseCoopers and the National Venture Capital Association​. That compares with 22 deals and $79 million in the second quarter of 2010.

Author: Andy Vuong

Tags: , Shamrock Capital Partners,