Two Colorado companies recently closed on more than $7 million in financing.
HiveLive Inc., a Boulder software company, has raised $5.6 million in venture funding. Grotech Capital Group Inc. of Maryland and private investors provided the financing.
The software company plans to use the funds "to pursue key objectives around growth and innovation," according to HiveLive.
Engineers John Kembel and Geoff Kembel founded HiveLive in 2006. The company's software creates social networks for businesses that can be used to connect with customers, employees and partners.
The Aurelio Resource Corp. (OTCBB: AULO) mineral exploration company of Littleton obtained $1.5 million in financing from institutional investors.
Aurelio plans to use the convertible debenture financing to further explore and develop its Hill Copper-Zinc Project near Tucson, Ariz. The company also will use the financing for general corporate purposes such as working capital.
Hill Copper-Zinc is one of two projects Aurelio is working on, the other being the Gavilanes Gold Project in the state of Durango in Mexico. At the Mexican site, the company is looking for gold and silver deposits.
The Colorado company explores for copper, zinc, silver and gold at its Arizona property in Cochise County.
Lightning cracks the blackened sky,
Hear the thunder chariot ride
All brave men with hearts of war
Ride the path of mighty Thor
