Venture Capital

Fishers mobile app developer lands $1M in VC funding

September 16, 2014
Jared Council
Bluebridge Digital LLC, which creates and manages mobile software applications primarily for not-for-profits, announced Tuesday that it closed a $1 million round of venture capital fundraising and plans to double its work force within a year.
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Smarter Remarketer gets $7M in fundingRestricted Content

August 30, 2014
Smarter Remarketer, an Indianapolis-based retail technology firm, said Aug. 27 that it has lined up $7 million in venture debt financing from Los Angeles-based City National Bank.
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New Simon VC arm making bets on retail technology

August 9, 2014
Greg Andrews
The newly formed Simon Venture Group is betting millions of dollars on nascent technology companies that hope to reshape retailing.
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Ex-Hoosier funnels millions back home to local tech firms

July 5, 2014
Dan Human
West Coast investor Parker Hinshaw and his wife, Jean Balgrosky, in 2012 founded San Diego investment firm Bootstrap Incubation LLC and in 2013 the Bootstrap Venture Fund, which have funded three Indiana companies in less than a year. A fourth deal is about to close.
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Record number of Hoosier upstarts hunt for investorsRestricted Content

June 21, 2014
Dan Human
Indiana companies are lining up for private investments in record numbers—a trend driven by the growth of dozens of Indianapolis technology companies that have left the startup stage and want to quickly hire and expand.
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Tech startup Gusto lands $1.3M in venture capital

April 14, 2014
Dan Human
Elevate Ventures, which manages the federally backed Indiana Angel Network Fund, led the financing round.
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Software firm TinderBox lands $3M VC investment

March 26, 2014
Dan Human
Indianapolis software developer TinderBox Inc. plans to fuel product development and build up its sales and marketing teams after receiving $3 million in venture capital.
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Smarter Remarketer lands $7M in venture capital

February 20, 2014
Dan Human
The funding round was led by an investment firm that threw its weight behind Indy-based ExactTarget and Angie's List before they went public. The software developer plans to double its workforce in the next 12 to 18 months.
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CloudOne nabs $2.8 million in venture capital

February 10, 2014
Dan Human
The Indianapolis-based technology firm has landed more than $7 million in venture capital since it was founded in 2009.
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Indy-based website for coaches scores key VC investment

January 16, 2014
Dan Human
The startup operating from SoBro plans to expand its market with the cash infusion, connecting athletes and teams to qualified coaches.
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Committee considers but doesn’t vote on new VC tax credit

January 13, 2014
Senate Bill 165, authored by Republican Sen. Randy Head of Logansport, would distribute up to $10 million in tax credits to venture capital firms investing in Indiana businesses.
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Funding drought pinches life sciences firms

January 11, 2014
J.K. Wall
Nationally, venture capital investments into life sciences firms totaled $4.9 billion during the first nine months of 2013, down 30 percent from the same period in 2008, according to data from Thomson Reuters and PricewaterhouseCoopers. In Indiana, life sciences firms raised $21 million during the first nine months of the year, far lower than any year since 2003.
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Young CEO has big plans for employee-training software firm

December 28, 2013
Dan Human
Upstart Lesson.ly, an Indy-based developer of training software, is run by a 25-year-old and is trying to cut into a $42 billion market dominated by titans such as IBM and Oracle.
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Legacy Travel Club lands members but still pursuing big investorsRestricted Content

October 26, 2013
Chris O'Malley
A proposed membership-based airline that had hoped for a 2013 launch has signed up lots of members but has yet to pull in the big investors it needs to put its own plane in the sky.
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Data startup snags $2.1 million venture investment

September 30, 2013
Dan Human
Perceivant, on the receiving end of a venture capital infusion, was founded in 2012 by veterans of iGoDigital and ExactTarget.
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Allos attracts Ohio investorRestricted Content

August 17, 2013
Carmel-based Allos Ventures has secured more money for a $40 million investment fund from an Ohio investor.
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Symbios collapse snares local investors

August 12, 2013
J.K. Wall
Symbios Medical Products LLC filed for Chapter 7 bankruptcy liquidation, costing numerous Indianapolis-area angel investors large sums.
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Life sciences venture capital dips againRestricted Content

August 3, 2013
J.K. Wall
Venture capital surged in the first half of 2012, to $51.6 million in Indiana. But the pace of activity here fell off sharply in the second half of last year, and remained sluggish into 2013.
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Venture capitalist Neff replacing Evans as AIT chief

August 2, 2013
Greg Andrews
It's the latest in a string of leadership changes at the testing lab. Neff is coming from CHV Capital, the venture capital arm of Indiana University Health, where he had been CEO.
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Indiana minority investment fund deemed small but promisingRestricted Content

June 29, 2013
New fund is one of few in the nation focused on minority businesses.
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Centerfield rounds up $171M for new fundRestricted Content

May 18, 2013
Dan Human
An Indianapolis private investment firm has raised one of the largest-ever funds in the state. Centerfield Capital Partners pulled in $171 million that it plans to invest in about 20 companies. Its two previous funds totaled $60 million and $116 million.
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New seed fund aims to make Indiana a hotbed for digital health startupsRestricted Content

May 4, 2013
J.K. Wall
Infuse Accelerator hopes to make early-stage investments in 12 to 15 companies a year.
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Venture capital favoring later-stage firmsRestricted Content

April 27, 2013
Dan Human
Getting $50,000—often from friends and relatives—to develop a product and set up a company still is easy enough in Indiana, small-business leaders and venture capitalists say. But once a firm needs a few million dollars to grow into a revenue-generating operation, the area can’t compete with Silicon Valley’s magnetism for venture capital.
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Pace of venture capital funding slows in Indiana, Midwest

April 19, 2013
J.K. Wall
Seven Indiana companies attracted $16.4 million in venture capital during the first quarter. Nearly all the money was paid out to Carmel-based ChaCha Search Inc., which secured a $14 million investment in January.
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Urban biz accelerator giving leg up to startupsRestricted Content

March 23, 2013
Andrea Muirragui Davis
Indianapolis-based startup Dreamapolis is finalizing the details of its first Dreamapolis Accelerator class, a 12-week crash course designed to help high-potential urban businesses get up to speed quickly.
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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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