MBX Biosciences closes on $115M in drug-development funding
The funding amount is one of the largest in recent years for an Indiana-based science startup.
Funding
With new funding, Kheprw seeks to develop Black entrepreneurs
An organization focused on empowering Black residents in Indianapolis has received a huge boost as one of the first recipients of funding through the Indianapolis African American Quality of Life initiatives.
NICO Corp.’s brain surgery tools gain traction, $12.6M in new funding
After 15 years of coaxing and cajoling the medical community to consider a different way to do brain surgery, NICO co-founder Jim Pearson has numbers to show more surgeons and investors are buying into his vision.
What’s next for IndyRent as federal funding fades away?
At its peak, the rent-assistance program doled out $7 million in a month. That rate is impossible post-pandemic, so the city must decide how much eviction-prevention assistance is possible.
Metro mayors join push to change state’s funding formula for local roads
Indianapolis officials hope an alliance with other central Indiana leaders will finally persuade legislators to either alter the formula or find other ways to provide more infrastructure dollars to densely populated areas.
Tech startup led by Scott McCorkle lands $5.1M in angel funding
Indianapolis-based tech startup MetaCX, a High Alpha portfolio company, has attracted more than $30 million in investment since the company’s launch in 2018.
State tourism agency plans to ask for huge funding boost
Tourism officials are introducing a campaign they hope will set the stage for a significant funding increase from the General Assembly next year.
Accounting-tech firm Decimal lands $9.2M investment
Decimal’s software platform helps customers automate and outsource accounting tasks like bookkeeping and payroll. The company has added 30 employees since February.
READI funding snag might rule out some projects
Local and state officials learned in January that several projects included in plans awarded grants just a month before might now be ineligible because of rules attached to the funding.
As city boosts spending on anti-crime grants, some call for more accountability
Indianapolis has put more than $30 million into about 600 grants since 2009, when it launched what’s now called the Violent Crime Prevention Grants Program.
Restaurants seek more federal help after SBA fund runs out of cash
Restaurant owners want Congress to replenish the fund, and they want Indiana’s senators to sign on to a proposal that would provide cash to original applicants who were left high and dry.
Allos Ventures launches $75 million investment fund
Indianapolis-based Allos Ventures, which invests in early-stage business-to-business software companies in the Midwest, said it plans to start making investments from Allos IV right away.
Carmel-based DriverReach lands $7.5M in equity funding
DriverReach, founded in 2016, offers a platform that makes it easier for customers to hire commercial truck drivers. The company said it plans to use its additional funding on hiring and product research and development.
Indiana to land $8.8 billion from U.S. infrastructure bill
One Indiana project likely to be expedited as a result is widening interstates 65 and 70 to six lanes the full length and breadth of the state.
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.
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.
Indianapolis-based ag tech company lands $20 million in funding
IntelinAir, which was formed in 2015, said this is its largest round of funding to date. The company moved its headquarters to Indianapolis from Illinois last month.
Foundation will withhold funding from Indy library amid discrimination allegations
The Indianapolis Foundation, an affiliate of the Central Indiana Community Foundation, announced Monday it will withhold funds from the Indianapolis Public Library system until it completes a planned climate survey and makes “significant, meaningful and measurable” changes.
CICF blazes new trail for equity and inclusion
The not-for-profit’s strategy focused on community relationship-building and equity-oriented funding has other area groups rethinking their own procedures and how they share power with those they serve.
Indiana’s parks and preserves land $57M in upgrades
Indiana’s state parks, forests and trails—long starving for cash and maintenance—will receive money for improvements at nearly 50 state properties and the first new state park inn in more than 80 years.