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Tech firm ClearScholar plans 31-employee expansion

March 29, 2017

Indianapolis-based tech firm ClearScholar Inc. on Wednesday announced plans to add 31 employees by the end of 2019 in an expansion of its downtown headquarters.

The company, which develops student-engagement applications for universities, more than doubled its office space this month by moving operations across Monument Circle, from Circle Tower into a 2,000-square-foot space in the Lacy Building.

The firm, founded in 2016 as a portfolio company of Indianapolis-based venture studio High Alpha, currently has 11 employees.

High Alpha, managed by former ExactTarget CEO Scott  Dorsey, has been involved in either creating and/or nurturing several tech startups, including Lessonly, Octiv, Visible, Sigstr, Doxly and Zylo.

ClearScholar said the employees it plans to hire for sales and customer-service positions will be paid nearly 60 percent more than Indiana’s average wage of about $21.21 per hour, or roughly $70,586 per year.

The Indiana Economic Development Corp. offered the company up to $340,000 in conditional tax credits  and $39,000 in training grants based on  the job-creation plans. The company won’t qualify for those incentives unless it meets its hiring goals.

ClearScholar develops mobile application platforms for higher education institutions that are designed to increase student engagement. The apps offer personalized news and information, school-based calendaring, emergency alerts and digital student ID cards.

It recently announced a three-year partnership with Butler University. The ClearScholar app, launched in January, has been downloaded by nearly three-quarters of the Butler student body.

ClearScholar announced in January that it had raised $1.25 million from investors, including members of the Simon family and Elevate Ventures.

 

 

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