The Indianapolis-based drugmaker said people from minority communities are frequently “unseen” by the U.S. health care system.
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
Venture firm opening Indy office to target the overlooked
Cincinnati-based Lightship Capital is opening an Indianapolis-area office within three months to provide underrepresented entrepreneurs here access to a $50 million investment fund.Read More
Brothers to funnel $4.5M into companies stung by pandemic
Sensing an investment opportunity—and a chance to do good—the four Litt brothers have set aside for investment a portion of the $40 million they reaped from the 2019 sale of their transportation-management firm, Reliable Source Logistics.Read More
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.
The most recent round of funding for the Fishers-based audio-marketing firm will be used to support the launch of additional national networks in convenience stores and grocery retailers.
A panel of experts spoke at IBJ’s Life Sciences Power Breakfast, which took place virtually Oct. 9, talked about venture capital in the life sciences sector. These are some excerpts.
Mandolin’s digital platform—designed to help artists, venues and fans connect through live music—has attracted some big-name investors including Marc Benioff, the founder and CEO of Salesforce.
Sharpen Technologies, an Indianapolis-based developer of cloud-based customer service software, has now raised more than $40 million in venture and growth capital since its founding in 2011.
Bolster’s investors include Indianapolis-based High Alpha Capital, Silicon Valley Bank parent SVB Financial Group, New York-based Union Square Ventures and Palo Alto, California-based Costanoa Ventures.
Unless a founder is independently wealthy, she can operate for only a limited time with her own savings. Securing pre-seed capital is extremely difficult for founders without access to networks of affluent people conditioned to write checks for risky ventures.
Jones, the groundbreaking co-founder of Black Hatch Fund—a venture capital fund and accelerator that supports Black tech entrepreneurs—has been hired by one of the biggest and best-known venture capital firms in Indiana.
In the first half of 2020, there has been a significant year-over-year increase in both the number of venture capital investments made to Indiana companies and the total amount invested.
The Indianapolis-based startup is developing drugs targeting brain and bowel disorders.
Pattern89, which uses an artificial intelligence-driven platform to help customers improve results from paid social media programs, has raised a total of $7.5 million in venture and growth capital since its launch.
The “blank check company”—formed to acquire one or more businesses and merge with them as a way to take those companies public—closed its funding round in May and is looking for a business to buy.
Canopy, founded late last year under the name Loupe, makes and markets software that uses artificial intelligence to gather sales and product usage data.
The funding round was led by Allos Ventures and High Alpha Capital, both of Indianapolis, with participation from IU Ventures.
Fishers-based audio marketing technology company Vibenomics Inc. on Tuesday announced it has closed on $6 million in Series A funding. The round, which closed Feb. 17, was led by Atlanta-based BIP Capital and brings total company funding for Vibenomics to $13.5 million.
Institutional markets became increasingly volatile as COVID-19 spread across Asia, then Europe and now the United States, leaving venture capitalists holding tighter to their cash and spending more time examining the health of the companies in which they’ve already invested.
Investing locally is rewarding as part of a balanced portfolio. It is also exciting and gratifying to be part of allowing a local startup to launch or grow.
The funding—secured before the coronavirus hit the U.S.—will be used to fuel growth across all segments of the company, said Lessonly CEO Max Yoder.
The venture capital round was led by Indianapolis-based High Alpha Capital with participation from existing investors and Elevate Ventures.