Insurance-tech firm Remodel Health raises $100M in growth funding
The firm, which helps employers transition workers to individual health insurance plans, has more than doubled its workforce in the last year and hopes to go on an acquisition spree.
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Rally pitch contest winner secures $5M investment as asthma test awaits approval
MyBiometry, a Massachusetts-based health technology firm that was one of five winners of the Rally IN-Prize pitch contest last year, has secured $5 million in seed funding and hired its first Indiana employees.
New software-industry survey shows signs of optimism amid tech slump
The 2024 SaaS Benchmarks report, released this week by Indianapolis venture studio High Alpha, offers some reasons for optimism in the software-as-a-service sector amidst the ongoing tech slump.
High Alpha makes first investment out of new $125M fund
Founded in 2009, Paccurate is a parcel intelligence platform that helps businesses pack their shipments more efficiently, saving up to 15% on transportation costs and reducing their carbon footprints.
Report: Venture funding in state’s tech sector sank in 3Q
While not unusual for venture funding in a third quarter, the latest investments totaled a small fraction of what Indiana tech firms received in both the first and second quarters of this year.
Indianapolis-based High Alpha leads $8.9M investment in retail-tech startup
The company’s founder and CEO, Arthur Root, started Nostra AI while he was a student at Indiana University.
Indianapolis-based software startup Champion lands $3.3M in seed funding
Champion, a marketing data firm founded in 2023 by former employees of Salesforce and Aircall, has raised a total of $5.3 million since its launch.
Two Indy-area startups among Rally pitch contest winners eligible for up to $1M
Insignum AgTech and Grannus Therapeutics were among the five winners announced Wednesday.
Indianapolis tech startup Reportwell lands $1.1M investment
The founders designed the online platform to make it easier for K-12 schools to file required regulatory compliance reports. The company also sees opportunities in other regulated industries such as higher education, utilities and health care.
Indianapolis-based financial wellness firm lands $4.5M venture investment
Local financial planning guru Peter “Pete the Planner” Dunn said the funding will help his company accelerate the development of an artificial-intelligence powered tool that will offer customized financial coaching.
Venture capital investment in Indiana’s tech sector continued to swell in 2Q
According to TechPoint’s second-quarter Indiana Tech Venture Report, last quarter’s deal value rose to more than $216 million, towering over the $47 million posted in the second quarter of 2023.
New High Alpha startup, Luster, offers AI-powered sales training
Luster, which launched out of Indianapolis-based venture studio High Alpha, offers a software platform that creates custom training sessions for salespeople. The company had its public debut this week and already has landed a few paying customers.
Indianapolis-based tech startup Holder ceases operations
Holder, a blockchain-focused marketing tech firm, launched out of Indianapolis venture studio High Alpha in 2022. Its CEO told IBJ the company was too early to market in an emerging industry.
High Alpha closes on $125M investment fund, downsizes staff
Fund IV marks some shifts in Indianapolis-based High Alpha’s operating strategy—notably, it plans to launch fewer companies per year than it traditionally has in the past, and it has cut its staff nearly in half.
Indiana, Elevate Ventures launching $100M growth-stage fund
The new fund, called the Elevate Ventures Growth fund, will be aimed at companies with a $500 million or greater total addressable market.
Software firm Tenon to use $8M investment round to fund expansion
Indianapolis-based Tenon Software Inc. plans to use the new funding to grow its staff, accelerate product development and boost marketing.
Allison Transmission’s venture arm makes $10M investment in mobility fund
As part of its investment, Indianapolis-based Allison will gain access to EnerTech Capital’s network of companies working on automotive technologies in the areas of electrification, connectivity, autonomy and digitization.
Elevate Ventures moving HQ to prominent downtown building
Elevate Ventures, which occupies a 6,000-square-foot office on the north side of Indianapolis, will relocate to a much larger space at 1 Virginia Ave. within the next few months.
Indianapolis-based Paxafe secures $9M investment
Paxafe’s software helps customers identify and avoid potential logistical disruptions in shipments of temperature-sensitive products such as pharmaceuticals and foods.
New ed-tech accelerator announces its first four participants
The program, a joint effort between Butler University, Indianapolis-based TechPoint and Wisconsin-based gener8tor, offers $100,000 investments to each of the participating companies.