IEDC works with accelerator to bring startups to Indiana
Gener8tor is launching four industry-specific programs within its gBETA accelerator for early-stage startups from both Indiana and around the United States, hoping some will move here.
Susan Orr
Articles
IEDC hires consultant to study state’s entrepreneurial ecosystem
The IEDC has agreed to pay $150,000 to San Francisco-based consultant Startup Genome to generate a snapshot report of the state’s entrepreneurial climate. Based on the results of that report, the IEDC will decide whether to contract with the consultant for additional work.
Fishers-based Formstack lands record $425M equity investment
The equity investment is by far the largest single capital raise by an Indiana-based technology company in the state’s history, according to Indianapolis-based TechPoint, a not-for-profit that supports the state’s tech industry.
High Alpha leads $10M investment in Chicago-based software startup Logik.io
Logik.io, which was launched in February, offers software that helps sales reps and customers secure price quotes in complex sales situations.
Indy-based parking tech company T2 to be acquired for $347M
T2, founded in 1994, provides parking-management hardware and software to universities, municipalities, parking operators, health care facilities and transportation hubs. It has more than 1,900 customers.
Some firms have nixed the office; others are doubling down
No matter which path companies choose, they’ve had to figure out new ways to keep employees connected now that their co-workers might not be in the same room—or even the same state.
STAR Bank debuts Bitcoin services for its mobile banking customers
Fort Wayne-based STAR, which has 13 banking offices in the Indianapolis market, said it sees a business opportunity in Bitcoin and plans to add additional cryptocurrency services as demand warrants.
Economist: Pandemic recession has ended, but disruptions linger
Fifth Third Bank’s Chief Investment Strategist Jeff Korzenik told an Indianapolis audience Wednesday that the workforce crunch and sudden glut in downtown office space remain vexing problems, but Indiana is in solid position to take advantage of the return of manufacturing from overseas.
Real estate tech startup Shaker lands $2M in seed funding
Shaker, which offers a platform for real estate agents and clients to communicate with each other, was launched last year by Indianapolis venture studio High Alpha.
Indiana’s tech sector sees big M&A boom
The momentum is so strong that the number of deals during the first three quarters of 2021 has already eclipsed full-year 2020 and 2019 totals—and by a healthy margin.
Muncie-based First Merchants to acquire Michigan bank for $323.5M
First Merchants has agreed to acquire Farmington Hills-based Level One Bancorp, which has 16 Michigan banking offices. The deal is expected to close in the first half of next year.
Tech startup co-founded by Scott McCorkle secures another $7M in funding
MetaCX’s newest round of fundraising brings its total to $31.5 million, including multiple investments from several venture capital organizations.
Zionsville-based Clear Software acquired by Microsoft
Clear Software, founded in 2015, offers tools to help simplify and streamline business processes. Microsoft said the acquisition will help it improve its Microsoft Power Platform, which offers a variety of business-oriented tools for users.
First Internet Bank to acquire Georgia-based bank in $80M deal
Fishers-based First Internet says it expects that its $80 million acquisition of Georgia-based First Century Bank will be complete early next year. The deal brings several new product lines to First Internet’s existing offerings.
Q&A with Tobi Lynn, a radio host with ear for new music
Since August, she’s hosted a daily radio show at Internet-based station Amazing Radio. The show, which airs at noon on weekdays, features indie pop, with a focus on Los Angeles- and West Coast-based artists.
Ag-tech firm using aerial photos, big data to help farmers manage fields
Indianapolis-based IntelinAir Inc. sees a big opportunity in the use of artificial intelligence and machine learning to help farmers keep tabs on their crops.
Local sports teams, universities team up to launch sports-focused data analytics resource
The online resource, set to launch in beta mode in the next several weeks, will be a place where academic and business users can access anonymized sports and fitness data sets, use it to solve business problems, and learn about job opportunities.
High Alpha startup Filo lands $3M in seed funding
Filo, which was launched by Indianapolis-based venture studio High Alpha last year, offers an interactive platform for online meetings, gatherings and events.
OneAmerica Tower reopening downtown restaurant, coffee shop on ground floor
The 18,267-square-foot restaurant, which is open to both OneAmerica Tower tenants and the outside public, has been vacant since Sahm’s Restaurant Group closed its cafeteria there last fall.
Accountant shortage puts crunch on hiring
Fewer students have been entering the accounting profession, and a salary gap between accounting and other financial professions means those accounting students might be lured to a different field.