HG Ventures seeks to accelerate its investments in road-tech
Indianapolis-based HG Ventures this week released a report in which it outlines how technology could solve long-standing issues such as traffic congestion, safety and sustainability.
Venture Capital
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Rally conference pitch contest selects five startup winners
The five winners—three startups from California and one each from Kentucky and Massachusetts—are now eligible for up to $1 million in investment funding, provided they commit to establishing a presence in Indiana for at least a year.
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Zionsville-based life sciences company secures $6M in investment funding
GeniPhys has developed a material known as Collymer, a highly-purified form of collagen that can be used to replace tissue that is lost in wounds and also forms “stable, fibrillar collagen scaffolds” that can help rebuild lost tissue.
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Life sciences industry booster BioCrossroads girds for new challenges
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.
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IBJ Podcast: She went from a master’s in social work to tech firm CEO
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.
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Articles
Allegion Ventures makes $20M investment into California security-tech startup
The investment sets the stage for collaboration between Allegion and Ambient.ai, whose technology helps customers identify and prevent potential security incidents.
New ed-tech accelerator program offers $100K investments
Equity investments in each of the firms will come from a Butler University philanthropic fund, and the school is currently talking with potential additional investors.
Report: Indiana tech firms landed 19 deals worth more than $93.4M last quarter
Echoing national trends, both the number of venture investments into Indiana companies and the total value of those deals declined as compared with last year, the TechPoint report says.
Indianapolis-based health-tech startup lands $2M investment
Indianapolis-based Plan Forward, which helps dental practices set up membership plans for their patients, plans to use most of the investment on sales and marketing, while some will go toward improving its software platform.
Venture studio High Alpha invests in Indianapolis-based Engineered Innovation Group
By working together, EIG and High Alpha say they can combine their areas of expertise and potentially speed up the process of launching new startups.
Local software firm ConverSight.ai lands $9M in venture funding
Indianapolis-based software firm ConverSight.ai helps clients analyze their data and make business decisions. The company has raised a total of $15 million since its founding in 2017.
Indianapolis food-tech firm True Essence lands $27.6M growth investment
True Essence Foods, whose original product was an artisanal chocolate called SoChatti, has secured 15 patents for its technologies, with another 70 patent applications in process.
Cybersecurity firm Stamus Networks lands $6M investment
The funding round included participation from Indianapolis-based investors Elevate Ventures and VisionTech Partners.
Bloomington-based angel investor fund has big growth plans
Dimension Mill just closed its fourth angel investors’ fund this week, with $1.08 million from 52 investors. The fund has been so successful since the program’s launch in 2020 that Dimension Mill is planning significant expansion to spur more investment activity.
Indiana’s tech firms saw smaller investments, but more of them, in Q1
Indiana-based tech firms attracted more than $47 million from venture investors in 36 separate deals last quarter, according to a new report by Indianapolis-based TechPoint.
Peyton Manning added to Rally innovation conference
Manning is the fourth and final keynote speaker announced for Rally, which is scheduled for Aug. 29-31 at the Indiana Convention Center in downtown Indianapolis.
Indianapolis startup Bereave aims to improve funeral planning
Bereave, which launched quietly in 2021, is developing an online platform where individuals can preplan the details of their funerals. The company is working to raise close to $1 million in “friends and family” funding
Emmis leads $48M investment into Israel-based ad-tech startup
Emmis was the lead investor in Anzu, an Israel-based company that has developed technology that allows companies to insert targeted ads into video games in a nonintrusive way.
Marketing-tech startup Demandwell lands $1.55M venture investment with eye to AI
Turbulence in the tech industry forced Demandwell to do some layoffs and belt-tightening of its own, but the proliferation of AI tools like ChatGPT has opened up new opportunities for the company.
Podcaster Raz announced as keynote speaker for Rally innovation conference
Indianapolis-based Elevate Ventures, which is organizing the first-time event, announced Guy Raz on Tuesday as the first keynote speaker for the event.
Fishers-based AfterSchool HQ lands $3M seed investment
Fishers-based education-tech firm AfterSchool HQ recently landed $3 million in outside investment, bringing the company’s fundraising total to $4.3 million since its launch in late 2017.
2023 Innovation Issue: Four ways Purdue is driving ag breakthroughs
The Ag-Celerator, one of four funds that make up Purdue Ventures, boasts a $2 million innovation fund for startups in ag-related technologies.
Tech startup Qualifi lands $4.5M in growth capital
Indianapolis-based Qualifi, which launched in 2019, offers a platform that allows employers to quickly screen groups of job candidates via automated phone interviews.
Indianapolis VC firm Ivy Ventures launches with $20M fund
Local entrepreneur and general partner Scott Kraege co-founded Ivy Ventures with Mike Reynolds, CEO of Indianapolis-based Innovatemap, and John Wortman, CEO and co-founder of Carmel-based Valeo Financial Advisors LLC.