Sports software firm lands $1.5M in VC
Officials for Upper Hand Inc. said the cash infusion will be used to develop technical and strategic partnerships and expand hiring efforts in customer support and product development.
Venture Capital
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Indiana life sciences firms raise record $111M in venture capital in 2017
A $44 million VC infusion in 2017 for biosciences firm On Target Laboratories was one indication that Indiana’s life sciences sector is finally starting to pull down some serious venture funding.
Venture studio High Alpha offers its firms mentoring, money, marketing and more
Since its takeoff three years ago, investor High Alpha has grown its stable of studio companies from three to nine.
Carmel-based tech firm Lumavate raises $2.5 million in seed funding
The funding round included participation from locally based investors Allos Ventures, Collina Ventures, Elevate Ventures and former Interactive Intelligence CEO Don Brown, as well as others.
State set to unleash new venture funding
The Hogsett administration and the City-County Council are weighing whether to kill a little-known organization that has quietly worked the past two decades on the redevelopment of key downtown projects.
New IU venture fund could be ‘game changer,’ draw top faculty, students
The IU Philanthropic Venture Fund—which will back IU-related research and startups—is already fully funded to the tune of $15 million.
Software firm Bolstra raises $1.5M, adds veteran tech executive
Bolstra LLC, a Carmel-based software-as-a-service company, has added an executive who previously held leadership positions at PolicyStat, Aprimo and Software Artistry.
Local tech startup Zylo lands $9.3M in venture funding
Zylo, which helps companies manage their cloud computing software subscriptions, has secured its second big round of funding—including investments from big names in the world of cloud computing.
Venture capital for Indiana startups surged in 2017 on fewer deals
Thanks to a strong fourth quarter with a $40 million deal, the amount of venture capital invested in Hoosier firms surged 50 percent in 2017 over the previous year.
Software firm Lessonly raises $8M in latest funding round
The investment was led by OpenView Venture Partners, a Boston-based venture capital firm that previously invested in ExactTarget.
West Lafayette biotech raises $40M to develop cancer-imaging drugs
The company said the funds would help it test its lead compound in late-stage clinical trials, allowing surgeons to detect cancerous cells with the help of fluorescent dyes.
Indiana venture capital activity picks up in third quarter
Venture capitalists have been on a spending spree so far in 2017, but have been investing more money in fewer companies, national surveys show.
Email leads to $2.6M VC deal for local email-software firm
Indianapolis-based 250ok had shunned venture-capital suitors for years—until a North Dakota-based venture capital firm emailed it with the right message.
Sports-software company raises $1.1 million in latest round
Upper Hand said it plans to use the money to boost its sales team and its software. The company has raised $2.1 million since last spring.
Sigstr raises $5 million in venture capital from big names
The 3-year-old marketing-tech company corralled notable Midwest and East Coast investors in the deal, which is the second-largest in Indiana this year.
Funding conditions for U.S. tech startups reach record high
A 44 percent increase from a year earlier was driven by a surge in the number of businesses that raised money for the first time, reflecting investors' appetite to back the riskiest companies.
N.C. firm wants to be ‘stronger face’ for private equity in local tech scene
Frontier Capital recently embarked on an effort to make eight-figure equity investments in tech firms across the Midwest. It already had invested more than $60 million in Indiana companies before the new push.
Holcomb preparing to put $250M into startups
The state’s new Next Level Fund will invest up to $250 million over the next decade into a need Hoosier startups are starving for—venture capital.
Indiana venture capital activity softens in latest quarter
Two recently published national reports show Indiana venture capital activity cooling off in the second quarter. And per-deal investment averages remain relatively low.
Lumina kicks venture capital arm into high gear
Over the past year, Indianapolis-based Lumina Foundation has aggressively moved in a novel direction for a grant-making not-for-profit, funneling more of its $1.2 billion endowment into venture capital.