2023 was bad for startups, with bankruptcies, lower valuations
It’s been a brutal year for startups, with more companies struggling to raise money and hundreds shutting down altogether, according to new data.
It’s been a brutal year for startups, with more companies struggling to raise money and hundreds shutting down altogether, according to new data.
Yourco’s co-founder and CEO, Brodie Meyer, said the company wasn’t necessarily looking to secure outside funding, but it found the right partner and decided that seed capital could help Yourco grow more quickly.
West Lafayette-based Neurava is one of 61 companies from around the world to showcase its medical technology as part of the 11th annual MedTech Innovator, billed as the largest accelerator of med tech companies.
Kyle Mohler founded Insignum Agtech with the idea of rearranging bits of corn’s DNA, then inserting them into popular field-corn hybrids.
Inventors and entrepreneurs who don’t have a track record face the biggest challenges, a panel of experts said Friday morning at IBJ’s Life Sciences Power Breakfast.
Conceptualized through venture studio High Alpha, Mandolin emerged during the pandemic as a successful concert livestreaming platform.
BiomEdit LLC was set up last year by Greenfield-based Elanco Animal Health and Boston-based Ginkgo Bioworks to make everything from food to therapeutics for animals. It’s already raised $36.5 million in venture capital for its work.
Patricia Martin, the group’s president and CEO since 2019, last month announced she would step down to examine opportunities in the private sector and urged industry leaders to take a fresh look at the organization.
Recovery Force Health said it plans to use the new funding as growth capital to market its device to hospitals and introduce other products.
In this week’s edition of the IBJ Podcast, Brown discusses the unusual route that led her to become a first-time entrepreneur in her early 40s.
Around Indiana and the nation in recent weeks, special purpose acquisition companies, or SPACs, are shutting down and returning money to investors. In other cases, investors are taking a bath.
Many startups are attempting to find their wings at a time when consumers are tightening their belts and being more picky about how to spend their money.
The startup works with companies across North America to help them build stronger reputations by increasing online reviews from customers, which leads to a rise in organic search rankings and possibly more business leads.
To date HG Ventures has invested nearly $200 million in a total of 30 companies, eight of which had been participants in The Heritage Group Accelerator.
Obasanya was living in Lagos, Nigeria, and planning to move to the United States when a LinkedIn ad for a job at Elevate Ventures caught her eye.
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.
Stitch, an Indianapolis-based software consultancy, was founded in July by three former leaders at Indianapolis-based Lev. Stitch now has about 20 employees, a number its CEO says could grow to 150 or more over the next three years.
Indiana’s entrepreneurial community has high hopes that the new service will help attract more out-of-state investment in Hoosier startups.
Abby Vitale’s struggle to find sneakers she liked in a woman’s size 7 last year at a shoe resellers’ convention has led to a growing business and has established an online community for female sneakerheads.
Prevounce Health already had two remote employees here, and the central location and business-friendly climate were appealing. The company moved here in October, taking office and warehouse space on Post Road.