Report: Indiana tech venture capital activity lower in first half of 2025, mirroring national trends
Nationally, $23 billion was raised through May, according to PitchBook, far less than the forecasted $90 billion.
Deals
Articles
Indiana-based Hallmark Home Mortgage to be acquired
One of the nation’s largest mortgage lenders is purchasing Hallmark, which has branches in Indianapolis, Brownsburg, Plainfield and elsewhere in Indiana.
Indy-based BCforward invests $1M in Indianapolis AI consulting startup
BCforward founder Justin Christian said the Stellar investment is one of several moves his company has made over the past year or so to position the company for future growth.
Fishers-based tech firm Trabian acquires software platform
Fishers-based software development firm Trabian Technology Inc. has acquired a platform that the company says will allow it to work more quickly and efficiently. As part of the acquisition, Trabian also picked up some of Core10’s customers and a handful of its employees.
Carmel-based trucking tech firm DriverReach acquired
DriverReach’s founder and former CEO said he’s now turning his focus to a nonprofit he launched last year.
Indianapolis-based startup Pillar acquired by fellow HR tech company
Pillar, which launched out of High Alpha in 2021, offers a platform employers can use to help evaluate job candidates during the interview process.
Indianapolis-based Gate Neurosciences to acquire California-based startup
Indianapolis-based Gate Neurosciences, which is in clinical trials of a medicine to treat depression, plans to acquire California-based biotech startup Boost Neuroscience.
Thurston Springer acquires Florida-based financial firm
Indianapolis-based financial firm Thurston Springer Financial has acquired Florida-based Peak Reps in a deal that closed Jan. 31.
Allegion plans to acquire Australian company that makes door hardware
Allegion, which has made several acquisitions over the past year, is headquartered in Ireland, but its Americas division is based in Carmel.
Financial Center to absorb Post Office Credit Union in merger
Financial Center First Credit Union, which is among the Indianapolis area’s largest credit unions, plans to merge with the Indianapolis Post Office Credit Union.
Mergers, acquisitions without publicly released financial details
Here are notable Indianapolis-area mergers and acquisitions that closed in 2024 for which financial details were not available.
IAC approves plan to spin off company once known as Angie’s List
New York City-based media conglomerate IAC, which acquired Indianapolis-based Angie’s List in 2017, announced Monday that it plans to spin off its ownership stake in the company, which now operates as Angi Inc.
Old National to acquire Minnesota bank in $1.4B deal
Wall Street appeared to welcome the deal. Shares of Evansville-based Old National were trading at $23.30 shortly after 11 a.m. Monday, up 7.6% from Friday’s closing price.
Indianapolis-based KSM acquires New York City-based firm
Katz Sapper & Miller, the largest accounting firm in Indianapolis, has significantly increased its presence in New York City through the acquisition.
Fishers-based Qumulex acquired by Texas company
Fishers-based Qumulex offers cloud-based video surveillance and access control systems for businesses. The company has been acquired by Texas-based Synerion USA Inc.
Indianapolis-based Deflecto acquired for $103.7 million
Indianapolis-based Deflecto, which describes itself as the world’s leading maker of chair mats, bicycle reflectors and dryer venting supplies, has been acquired by New York City-based Acacia Research Corp.
Indianapolis-based SBC Wealth Management merged into NYC firm
SBC, founded in 1983, is now part of New York City-based Cerity Partners, which has dozens of offices around the U.S. and about $104 billion in assets under management.
Cincinnati-based investment bank opens Indianapolis office
Cincinnati-based ArkMalibu, which represents business owners who are looking to sell their companies, has opened an Indianapolis office that will be led by local entrepreneur Phil Daniels.
Carmel-based real estate tech firm Realync acquired
Realync, whose platform allows apartment managers to offer virtual property tours, has been acquired by Texas-based Grace Hill Inc.
Indianapolis-based Greenwalt CPAs to merge with Cincinnati firm
Following the merger, which takes effect Jan. 1, Greenwalt will operate under the Barnes Dennig & Co. name.