Freeway
Arizona

Flagstaff

Data as of Oct 1, 2026
79
Companies
$5.0M
Venture funding in the last 12 months, 2 rounds
$21.9M
Venture funding, 2022–2026
3
Investor firms

Venture funding by year

* 2026 through Oct 2026. Rounds without a disclosed amount count as rounds, not dollars.
Show as a table
YearVenture fundingRounds
2019$00
2020$00
2021$610K1
2022$1.4M2
2023$2.5M1
2024$1.1M3
2025$12.6M2
2026*$4.4M1

Industries

  • Health9
  • Energy5
  • Enterprise software5
  • Food5
  • Fashion3
  • Kids3
  • Marketing3
  • Media3
  • Travel3
  • Home & living2

And 10 more industries.

Companies in Flagstaff

1–24 of 79 companies

  • Ad3solutions

    Enterprise software

    Early stage

  • Early stage

  • Early stage · 11–50 employees

  • Early stage · 2–10 employees

  • Aneuvas Technologies Inc. is a medical device company established in 2013 and based in Flagstaff, Arizona, focused on developing catheter-based technologies for the minimally invasive treatment of brain aneurysms, stroke, and other vascular defects. The company is addressing the significant mortality rate associated with hemorrhagic strokes, which account for nearly half of all stroke-related deaths. The company's core product is NeuroCURE, a polymer reaction system that creates a radiographically visible gel designed to provide a complete and conforming fill of an aneurysm sac. This technology aims to be a metal-free alternative to traditional coiling procedures. Preliminary studies suggest NeuroCURE forms a stable gel within a five-minute cycle, offering a rapid treatment option. Key benefits of the system include its biocompatibility, which supports the regrowth of the endothelium and may reduce the need for post-treatment antiplatelet therapy, its ability to conform to any aneurysm shape, and its capacity for total occlusion to reduce aneurysm pressure. The technology is particularly developed for treating large, wide-neck aneurysms, which have high rates of recurrence with existing treatments. The founding team combines expertise in biomedical engineering, neurosurgery, and medical device development. Aneuvas Technologies holds four patents for its devices and has received non-dilutive funding, including Small Business Innovation Research (SBIR) awards from the National Institutes of Health (NIH) totaling over $2 million. The company has utilized this funding to advance its technology, with a 2018 grant from the Brain Aneurysm Foundation accelerating its development timeline.

    Early stage · 2–10 employees

  • AnkiHub

    Media

    Early stage · 11–50 employees

  • Aptulum

    Fashion

    Early stage · 1 employees

  • Early stage · 2–10 employees

  • Ateleva

    Health

    Ateleva is a medical technology company advancing pulmonary care for critically ill patients. Slightham has a 15-year background in strategic communications and brand development, having previously led communications for Virginia Tech's Fralin Biomedical Research Institute, and she also studied pharmaceutical management at Cornell University. Headquartered in Flagstaff, Arizona, Ateleva is developing a patented, minimally invasive technology designed for the targeted reinflation of a collapsed lung, a condition known as lobar collapse or atelectasis. This condition affects over 337,000 ICU patients in the U.S. annually, often complicating recovery for ventilated or post-surgical patients by impairing gas exchange and leading to severe complications. The company's device is positioned as the first bedside solution that allows clinicians to selectively reinflate a collapsed lung lobe, aiming to restore oxygenation and potentially reduce the duration of mechanical ventilation. Ateleva addresses a market where current treatments, such as ventilator strategies and bronchoscopic suctioning, are often non-targeted and can carry risks. The annual cost burden of lobar collapse in the United States is estimated at $1.3 billion, with a global market opportunity of $2 billion. The company operates on a lean, milestone-driven model and is in the pre-seed funding stage, planning to raise capital to finance prototype validation, biocompatibility testing, and a GLP animal study. Ateleva intends to pursue an FDA 510(k) regulatory pathway for its device, which is currently for investigational use and not yet approved for commercial sale.

    Early stage

  • Early stage · 11–50 employees

  • Early stage · 2–10 employees

  • Betterbetter

    Jobs & recruitment

    Early stage · 1 employees

  • BlockTal

    Jobs & recruitment

    Early stage · 2–10 employees

  • Early stage · 2–10 employees

  • Chocolita operates as a brand of organic chocolate, conceptualized to serve health-conscious consumers by integrating botanicals and adaptogens into its products. Lesslie, an herbalist and chocolatier, was motivated to create a chocolate that her mother, who has diabetes, could enjoy. Her journey into chocolate-making began in 2005, when she started an unpaid apprenticeship with a raw chocolatier at a local cafe, which later became the Chocolatree Cafe. This experience, combined with her studies in herbalism and a desire to address her own health challenges, led to the creation of Chocolita. The company's business model is centered on direct-to-consumer sales through its website and two physical chocolate cafes in Arizona. It also engages in wholesale distribution to select grocery stores. Revenue is generated from the sale of a wide array of chocolate products. Chocolita's product line includes botanically-infused chocolate bars, truffles, sipping chocolates, spreads, and bitters. A key differentiator is the use of low-glycemic coconut sugar as a sweetener, making the products accessible to individuals with sugar sensitivities. The chocolates are certified USDA Organic, plant-based, fair-trade, and free from gluten, soy, dairy, and GMOs. Unique flavor profiles such as "Moontime Rose," "Pine Pollen & Lemon," and "Goji Schizandra" are hallmarks of the brand, combining herbs with chocolate for specific functions. The company emphasizes sustainable practices, including using shade-grown chocolate to prevent deforestation and packaging made from recycled paper.

    Early stage · $10K raised

  • Clarity Systems

    Security, Enterprise software

    Clarity Systems is a technology company that provides an enterprise-grade, end-to-end platform for protection against fraudulent activities, specializing in hiring and retail returns. The company's technology utilizes an agentic security overlay that operates during the hiring, onboarding, and employment processes to identify potential AI-driven deception. Through the cross-analysis of behavioral, identity, and media patterns, the system flags signals of manipulation. Its services include the detection of deepfakes in video interviews and AI-powered cheating during skills assessments. In the retail sector, Clarity Systems offers a solution to returns fraud by combining X-ray imaging and AI to detect counterfeit, incomplete, or damaged items at the point of return, including both return centers and retail stores. The system is designed for high throughput, enabling real-time decisions without disrupting operational workflows. For manufacturers, the company provides AI-driven tools that integrate with existing ERP, MES, and QMS platforms to enhance operational efficiency, reduce waste, and improve quality and compliance. These tools learn from historical and real-time data to detect risks and support data-driven decision-making. Clarity has raised $16 million in a funding round and is expanding its research and engineering teams.

    Early stage · 11–50 employees · $4.4M raised

  • CrowdAI, Inc. provides a no-code computer vision platform that enables users to transform images and video into actionable analytics. They partnered with Nic Borensztein, who had previous startup experience with machine learning optimization. The company participated in the Y Combinator Summer 2016 batch. The platform is an end-to-end, full-stack solution designed for users without a data science background to build, deploy, and monitor custom AI models. It allows organizations to centralize visual media, prepare data through annotation and enrichment, train neural networks, and deploy the resulting models. The platform's features include AI-lifecycle management, deployment to various environments (from factory floors to space), and DoD-tested data security. CrowdAI serves a diverse client base that includes government agencies and companies in sectors such as defense, disaster response, aerospace, insurance, finance, oil & gas, and utilities. Revenue is generated through subscription-based access to the platform and associated services. The company has raised a total of $18.3M in funding over several rounds. On August 30, 2023, CrowdAI was acquired by Saab Inc., a leading defense and security company, to enhance Saab's portfolio with AI and machine learning capabilities. Following the acquisition, operations were planned to be based in San Diego, California, and CEO Devaki Raj was appointed as the Chief Digital and AI Officer (CDAO) of Saab, Inc.

    Early stage

  • DashLX

    Sports

    This allows brands to gain a deeper understanding of their customers and engage with them in a more personalized way. The platform operates on a SaaS-based model, providing buyer engagement solutions for enterprises.DashLX specializes in gathering zero-party data, which is data that customers intentionally and proactively share with a brand. This data is then analyzed using AI-driven insights to provide brands with actionable information about their customers' behaviors and preferences. The company serves a variety of clients, including brands in the sports and wellness market.In March 2023, DashLX secured a $2.45 million seed round investment, which will be used to further develop its platform and expand its reach. The company was formerly known as PWR Lab before rebranding to DashLX.

    Early stage · 11–50 employees · $4.5M raised

  • Early stage · 11–50 employees

  • Early stage

  • Early stage · 1 employees · $30K raised

  • FutureState

    Enterprise software

    FutureState provides a vendor-agnostic, API-driven integration layer designed to modernize campus credential and dining programs for higher education institutions. The company originated as a project at the University of Arizona to address the challenges of proprietary lock-in and technical debt associated with legacy one-card platforms. Frustrated by rigid technology and slow integrations, the university developed its own software layer to act as a central hub, managing API endpoints between the campus credential and its various consuming systems like access control, dining, housing, and retail. This successful internal project was spun out to form FutureState.The company's core business is to provide a suite of cloud-native products that empower universities to choose the best systems for their needs without being tied to a single vendor's architecture. The business model appears to be usage-based, where institutions pay for what they use, eliminating common costs like fixed integration fees and charges for accessing their own data. FutureState's primary clients are colleges and universities seeking to lower operating costs, accelerate innovation, and gain real-time financial visibility across campus services. FutureState's product offerings include CardSync™, which synchronizes student and employee identity data in real-time from the institution's Student Information System (SIS) to all connected campus systems. Another product, CardPulse™, offers centralized monitoring and analytics, allowing administrators to see live system status, respond to alerts, and identify issues proactively. In February 2026, the company launched BalanceU™, a closed-loop stored value and meal plan platform. BalanceU is hardware-agnostic and designed to give institutions unrestricted, real-time access to their meal plan and stored value data, which can be used to power mobile apps and reporting systems without additional fees. The platform supports integration with a wide range of POS vendors, including Toast, Micros Simphony, and Agilysys.

    Early stage · 2–10 employees

  • Geo-Crew, LLC

    Enterprise software

    Geo-Crew, LLC provides an operational workflow platform specifically designed for the land surveying industry. His firsthand struggles with crew rescheduling, manual task management, and project handoff gaps within active survey firms directly led to the development of the platform. The software originated as an in-house tool, built and refined over several years within active surveying operations before being commercialized as Geo-Crew. This practical evolution serves as a key differentiator, ensuring the platform is tailored to the real-world challenges of surveying professionals. The system is designed to streamline operations by providing a centralized hub for managing multiple crews and office personnel, aiming to eliminate inefficiencies and improve project coordination. Geo-Crew's platform addresses core operational pain points through features that likely include dynamic scheduling, task assignment, real-time progress tracking, and seamless communication channels between field crews and office staff. By digitizing and automating these processes, the software helps reduce manual work, minimize scheduling conflicts, and ensure smooth transitions during project handoffs. The target market consists of land surveying firms seeking to enhance productivity and operational control. The business model is likely a Software-as-a-Service (SaaS), offering its platform through subscriptions.

    Early stage · 1 employees

  • GiftCard Zen operated as a secondary marketplace for gift cards, facilitating a consumer-to-business-to-consumer model. His entrepreneurial drive dates back to his youth, where he started a web design business and consistently developed new ideas. The core of GiftCard Zen's business was to purchase unwanted or unused gift cards from individuals and then resell them at a discount to other consumers. This addressed the significant market of billions in unused gift card value. The platform served both individual consumers looking for savings on everyday purchases and business clients, such as construction contractors, who could achieve cost reductions by buying large volumes of discounted gift cards for supplies. Revenue was generated from the spread between the price at which it bought the gift cards and the discounted price at which it sold them. The company offered cards for over 700 different retailers, brands, and restaurants. In a significant milestone, GiftCard Zen was acquired by RetailMeNot, a prominent digital savings destination, on April 5, 2016. The acquisition was valued at $22 million in cash, with a potential for an additional $11 million based on performance targets. The move was a strategic play by RetailMeNot to expand its savings offerings beyond digital coupons and enter the substantial secondary gift card market, aiming to increase user frequency and engagement on its platforms. Following the acquisition, the GiftCard Zen team was to continue operating from Phoenix, integrating its inventory and operational capabilities into RetailMeNot's gift card business unit.

    Early stage · 11–50 employees

Recent venture rounds

CompanyRoundAmountDateInvestors
Clarity SystemsSeed$4.4MAug 2026Regeneration.VC, Humba Ventures, LMNT Ventures +2 more
HemaSenseSeed$570KDec 2025Not disclosed
Katalyst Space TechnologiesSeries A$12.0MJun 2025Geodesic Capital, Fortitude Ventures
SuperflexSeed$200KDec 2024Antler
Katalyst Space TechnologiesSeed$880KApr 2024Not disclosed
SuperflexSeedUndisclosedFeb 2024Aurelia Ventures
DashLXSeed$2.5MJan 2023Accelerator Ventures, EPIC Ventures, Baselayer Venture +3 more
LollipopSeedUndisclosedAug 2022Helix Affiliates
DashLXSeed$1.4MFeb 2022New Mexico Angels
DashLXSeed$610KOct 2021New Mexico Angels
Investors based here
Accelerators and programs

Source: Dealroom, data as of Oct 1, 2026. Venture funding sums venture-type rounds with a disclosed amount; rounds raised by companies already public or bought out are left out. The last 12 months run from Nov 2025 to Oct 2026.

Founders, team members and individual investors are never shown, and company descriptions have sentences naming people removed.