The money — first reaped from the lease of the Indiana Toll Road — will be invested in bonds and other more stable options for which the income generated will be easier for the state to access.
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Deal count remained relatively steady, and those familiar with Indiana’s venture funding landscape say they don’t see cause for concern in the numbers.
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Indianapolis-based BrickHouse GPS, which offers GPS tracking and telematics services, recently received an influx of capital that the company says will help it fulfill its ambitious growth goals over the next several years.
The program will target investments in animal-health therapeutics and technologies but could also support other life sciences startups.
The co-founders of Indianapolis-based software firm Saaslio, which was acquired in 2022, are at it again with a new startup, Lemhi, which aims to help IT companies tap into new revenue sources.
Israel-based Iron Nation aims to raise at least $60 million for the fund and invest in about 20 high-tech startups.
The Indianapolis-based nonprofit wants to invest $150 million in young Indiana companies who need help to scale their businesses.
BiomEdit CEO Aaron Schacht talks about the strategy behind the round and the changes the animal health startup had to make to secure the money it needed to bring its first product to market,
The animal health startup had fundraising success in 2025, a year in which investment deals were hard to come by.
TechPoint, the growth initiative for Indiana’s tech sector, said the report highlights “a year defined by recalibration and renewed focus on long-term value creation.”
The company advertises its AI tool as the first of its kind built specifically for managing offers to artists, event details and marketing efforts.
Firms locally and nationwide are using AI to help them with everything from researching potential investments to drafting reports to helping them understand complex legal documents.
The fund has secured commitments from Eli Lilly and Co., Corteva Inc., Elanco Animal Health, Indiana University, Parkview Health and the Indiana Economic Development Corp.
Heartland’s investors are established Midwestern companies—businesses such as manufacturers, construction firms, logistics providers and real estate firms—and it makes investments into early-stage industrial technology startups with products that could benefit those investors.
The emergency response app founded by southern Indiana native Michael Martin has raised more than $450 million from investors including BlackRock Inc. and Highland Capital Partners.
Indianapolis-based Alloy Partners says its OneHealth Studio, a venture studio that quietly began operating last month in partnership with Elanco Animal Health Inc., will be ready to create its first startups early next year.
Artificial intelligence is making it less expensive to start and operate a company—and potentially reducing these startups’ reliance on venture funding.
This is the second large, outside investment secured by Indianapolis-based Ren Inc., which provides technology and services for the philanthropic sector, in recent years.
Local tech entrepreneur J.J. Thompson, who sold his previous tech firm, Rook Security, in 2019, is at it again with a new startup, Spektrum Labs.
Pre-acquisition, OneCause had just over 200 employees, 119 based in Indiana. CEO Steve Johns, who will leave the company after the transition, said all of OneCause’s employees have retained their jobs.
Carmel-based software company Alleo, which launched in 2019, opened a space that’s part showroom, part test and demo space for new and existing users of its online collaboration platform.
An audit report released Thursday does not address some lingering issues between Elevate and the Indiana Economic Development Corp., including a loan default issue.
