Allegion Ventures has been focused on companies that make it easier for people to move seamlessly through building or that help building owners and managers track and monitor the way spaces are used in a post-pandemic world.
KAR Global invests millions in Israel-based artificial intelligence company
The strategic investment creates a partnership between the two companies that is expected to bring KAR customers a new slate of automated vehicle inspection products.Read More
High Alpha Capital launches $110 million venture fund
The new fund, High Alpha Capital III, is the largest yet from Indianapolis-based High Alpha Capital—the investment arm of venture studio High Alpha and one of the largest software venture capital firms in the Midwest.Read More
IU researcher’s latest biotech startup raises $34.6M
Carmel-based MBX Biosciences Inc., co-founded by serial entrepreneur Richard DiMarchi, aims to develop therapeutics to treat rare endocrine disorders.Read More
The Series A funding round was led by New York City-based 645 Ventures and Boulder, Colorado-based Foundry Group, with returning investments from locally-based High Alpha and Time Ventures.
Entrepreneur and private investor Rick Gibbs, who co-founded Dealer.com in 1998 and sold it Dealertrack for a billion dollars in 2014, has joined Driven Data as chairman as part of the investment.
The announcement comes five months after the company introduced its new product Halo, which uses artificial intelligence to make recommendations related to the quality of medical devices.
Sharpen’s latest round of financing brings the total amount raised by the firm to more than $55 million. It follows a year when its cloud-based customer service platform became much more relevant.
The Carmel-based business communications software company said the new funding will be used for ongoing product development and to boost hiring.
Carmel-based Market Wagon grew from five employees to almost 55 during the pandemic, prompting the need for more operations space. It also plans to expand from 29 to 50 markets by the end of the year.
Qualifi, an Indianapolis-based tech firm that makes and markets an on-demand screening platform allowing recruiting teams to conduct phone interviews for hundreds of candidates in minutes, has raised $600,000 in a pre-seed round of capital.
Discussion and debate at Friday’s IBJ Tech Power Panel event focused largely on how companies can do a better job recruiting and hiring diverse employees, as well as the ability of diverse entrepreneurs to raise venture and growth capital from a cadre of investors who largely remain white and male.
Podchaser, which was co-founded by Indiana University alum Cole Raven, recently closed a $4 million funding round with participation from Bloomington-based IU Angel Network and Indianapolis-based High Alpha.
Encamp, which makes and markets software that helps customers manage environmental data and the forms required for local and federal compliance, has now raised a total of $17.2 million. The most recent funding round was led by Boston-based OpenView with participation from High Alpha Capital and Allos Ventures—both of Indianapolis—and Bloomington-based IU Ventures.
The funding will be used to expand Indianapolis-based Casted’s staff and grow its platform with new integrations and partnerships, company officials said.
HG Ventures, the corporate venture arm of Indianapolis-based The Heritage Group, announced on Thursday a partnership with Innovate UK to leverage HG Ventures investments in environmentally sustainable innovation in the United Kingdom. HG Ventures joins a handful of other venture groups in the program following a competitive selection process
Indianapolis-based Trava Security Inc., which makes and markets an automated risk-management and cyber-insurance software platform, said it would use the funding on product development and to boost its workforce.
Four successful local entrepreneurs and active angel investors have teamed up to create Indianapolis-based Round One Capital, a new fund for emerging startups. Round One partners plan to offer startups more than just money. And they plan to grow the fund over time.
Atlanta-based Terminus Software Inc. entered the Indianapolis market in December 2019 with the acquisition of email-marketing software firm Sigstr.
Since the pandemic has shifted many of these interactions online, local dealmakers say they feel the loss of assessing non-verbal cues and interactions among members of a management team as they decide whether to acquire companies or invest in startups.
Resilient Venture Studio will start out this year as a program under the High Alpha Innovation umbrella, but the organization’s leaders hope it will be spun off into its own venture studio launching 10 to 12 immigrant-led companies annually.
The Indianapolis-based drugmaker said people from minority communities are frequently “unseen” by the U.S. health care system.
MetaCX, a 2-year-old High Alpha portfolio company led by local tech entrepreneur Scott McCorkle, already has raised a total of $24.5 million in venture and growth capital and hired 40 staffers.