First quarter sees few big venture capital deals in Indiana
Indiana companies grabbed $27.3 million in venture funding in the first quarter, in line with other recent quarters. But nearly half of that amount went to one firm.
Venture Capital
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Indiana’s tech scene has a lot of things going for it, but venture capital isn’t one
The average amount of venture capital flowing into Indiana companies per deal is the lowest in the Midwest and among the lowest in the country.
Tech groups ally for venture capital event
Some of Indiana’s most acclaimed technology and entrepreneurial events are joining forces for a multi-day June conference, an effort aimed at boosting venture capital in a state that struggles to draw it.
Tech-consulting firm Kinney Group lands $6M in VC
The Indianapolis-based company plans to use the cash infusion slated to boost its headcount and expand its office space.
IU Kelley school alums power venture group AngelBom
AngelBom is composed of alumni of the IU Kelley School of Business’ Business of Medicine Program and is a 6-month-old chapter of the angel investment group VisionTech Partners.
Don Brown leads $2M funding round in Carmel tech firm
Lumavate sells software to manufacturers so they can give their customers relevant information about products when they need it.
Indy-founded drug firm lands nearly $23M to fight rare disease
Two local men who have been working on a potential blockbuster treatment for a rare and debilitating disease are hopeful that a major injection of venture capital will provide the boost needed to move the drug to market—even if it means sweeping changes for their company.
Lawmakers propose bill to expand venture capital tax credit
The bill would increase the cap on the amount of tax credits investors could claim, as well as make the credits useful for out-of-state investors.
Allure of IPO fades for fast-growing Hoosier firms
Candidates for initial public offerings are increasingly opting for mergers or private equity instead.
Reports on Indiana VC activity differ starkly
Last year, one research firm pegged Indiana’s 2015 venture capital activity at about $55 million. This year, another firm said it was about $157 million.
Indiana venture capital deal activity hits 16-year high
Hoosier companies signed 31 venture capital deals worth $77 million last year, a 16-year-high for deal activity that underscores Indiana’s growing variety of high growth firms.
SmarterHQ raises $13 million, eyes new markets
Marketing software maker SmarterHQ Inc. has raised $13 million to expand operations, marking one of the area’s largest venture capital hauls in recent years.
Langellier: Many tech firms would be better off here
TechPoint CEO Mike Langellier spoke with IBJ about his group’s evolution, his interest in the internet of things, and why elected officials are increasingly paying attention to tech.
Hoosier VC haul soft in 3rd quarter, but year has been strong
Hoosier companies raised about $12.1 million from venture capitalists in the third quarter—a small haul compared to previous quarters, but enough to keep the state on track for a relatively strong year.
Software-as-a-service firm Zylo lands $3.3M in funding
Zylo, launched by Indianapolis-based High Alpha Studio earlier this year, received funding from three well-known names in the local tech community.
Confluence Pharmaceuticals lands $1.3M in venture capital
Indianapolis-based Elevate Ventures said it made the investment through the 21st Century Research & Technology Fund, which is reserved for Indiana companies.
Local legal-tech firm secures $2.2 million for seed round
Doxly, a High Alpha Studio company, grabbed the cash in its first fundraising round and signed on the world’s largest law firm as a customer.
High Alpha funding firms far and wide with $21M war chest
The Indianapolis-based venture studio and its investment arm have been looking beyond Indianapolis, making investments in out-of-town companies and forging a national reputation.
Octiv strikes harmony with new investor, lands $4.75M
The sales software firm formerly known as TinderBox raised nearly $5 million in a funding round led by GE Ventures, the venture capital arm of General Electric.
Venture capital firm refuels with new $65 million fund
Chicago-based Hyde Park Venture Partners, which established an Indianapolis office in 2015, said it plans to invest the capital in about 75 companies over the next few years, mostly in the Midwest.