Indy case maker with 113-year history acquired
A local holding company that specializes in manufacturing firms has purchased C.H. Ellis Co., an Indianapolis-based maker of custom cases that has been in business since 1902.
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Indiana startups snare surging venture capital
Firms landed more than $28 million in the third quarter, the highest quarterly total in three years and a sign of accelerating entrepreneurial momentum in the state.
Zionsville software startup lands $1M in venture capital
It’s the first venture funding round for 3-year-old Clear Software, an early mover in the trend of making pre-existing business software easier to use.
Hedge funds bet on Noble Roman’s
Two hedge funds have been beefing up stakes in Indianapolis-based Noble Roman’s, a 43-year-old pizza chain with a depressed stock price and an evolving business model.
Report: Hoosier firms raised $17.5M in VC for first quarter
The investment was in line with comparable quarters in recent years, but there’s evidence that at least one significant deal didn’t make the list.
Steak n Shake parent wins court victory amid proxy challenge
Biglari Holdings Inc. has won a major legal victory as a separate fight with a dissident shareholder turns personal.
Growing Bluebridge lands new investment, Dorsey’s attention
Mobile-app developer Bluebridge Digital is moving to bigger offices, adding employees, and including ExactTarget co-founder Scott Dorsey as an investor.
Carmel’s Merchants Bancorp aims to raise $50M for growth
One of the state’s largest privately held banks could bring in as many as 500 new shareholders to help fund growth. A planned acquisition fell apart early last year.
Sixteen firms promise Indiana expansions, 2,100-plus jobs
Nine of the 16 firms who announced their plans with state officials Thursday expect to boost operations and employment in the Indianapolis area, forecasting 933 jobs.
Investors find value in entrepreneurs who fail
While Midwest venture capitalists are still relatively conservative compared to those on the coasts, failure is increasingly carrying more of an edge and less of a stigma.
Bill opens door to crowdfunding investments for businesses
Privately owned businesses in Indiana will be able to raise investments online as part of a bill on the way to Gov. Mike Pence’s desk.
Indiana-born coat-checking firm gains steam after ‘Shark Tank’ appearance
Derek Pacqué, who started CoatChex in 2010, appeared a year ago on the ABC show in which entrepreneurs pitch their ideas to prominent investors. Billionaire Mark Cuban offered to invest but wanted a large ownership stake. Pacqué said no, and has since grown his company.
But really, he said, the company is doing just fine without the billionaire.
Private equity investor CID seeking $150 million
CID Capital hopes to raise $150 million for its latest private equity fund in a market that has been tough on similar funds.
Investment rep fined over disclosure rules
A Bartholomew County investment representative will pay a $20,000 fine under an agreement with regulators over allegations he failed to make proper disclosures in research reports.
Allos attracts Ohio investor
Carmel-based Allos Ventures has secured more money for a $40 million investment fund from an Ohio investor.
Fair Finance trustee to continue pursuit into 2014
The attorney charged with recovering some $200 million for the 5,300 investors bilked by Tim Durham’s Fair Finance Co. plans to continue filing lawsuits for reparations into next year.
Durham fate rests in judge’s hands
Convicted Ponzi schemer Tim Durham and two accomplices will find out Friday whether they will spend the rest of their lives in prison.
Speech recognition technology firm gets cash infusion
Waveform Communications LLC got its second round of funding for research and development.
New rules open door to ads for private placements
In accordance with the Jumpstart Our Business Startups Act, the Securities and Exchange Commission will lift the long-standing ban on “general solicitation” of unregistered securities.