Demandwell, which offers search-engine-optimization software, says the investment will help it reach growth goals that include tripling its revenues and headcount over the next year.
Indiana’s life-sciences sector, often hailed as a key driver of the state’s economy, landed a record $433 million in venture funding last year, despite the COVID-19 pandemic that challenged so many other sectors, from restaurants to airlines.
Ironclad, which allows users to negotiate, sign and manage online contracts, established a local presence when it acquired Indianapolis-based PactSafe a year ago.
High Alpha launched Castiron in October. The startup offers a platform for culinary artisans to sell their products, connect with customers and run their businesses.
Fishers-based American Resources Corp. said the effort will put the partners on the path to becoming the first and lowest-cost producer of domestically-sourced, purified and sustainable battery and magnet metals.
DriverReach, founded in 2016, offers a platform that makes it easier for customers to hire commercial truck drivers. The company said it plans to use its additional funding on hiring and product research and development.
TechPoint, the state’s not-for-profit tech accelerator, said the state saw more than $958 million in venture capital investment last year, which is nearly triple the previous record set in 2019.
In 2021, investors more than doubled the amount of cash they handed out to startups, according to new data from research firm CB Insights.
The pandemic has not slowed Indianapolis-based venture studio High Alpha—and in fact, the move to remote work and increasing dependence on technology has probably sped up its activity.
Allegion says it had such success with its first investment fund, which launched in 2018, that it’s now starting a second fund that’s twice the size of the original.
The equity investment is by far the largest single capital raise by an Indiana-based technology company in the state’s history, according to Indianapolis-based TechPoint, a not-for-profit that supports the state’s tech industry.
Logik.io, which was launched in February, offers software that helps sales reps and customers secure price quotes in complex sales situations.
Shaker, which offers a platform for real estate agents and clients to communicate with each other, was launched last year by Indianapolis venture studio High Alpha.
MetaCX’s newest round of fundraising brings its total to $31.5 million, including multiple investments from several venture capital organizations.
The Indianapolis-based company behind artisanal chocolate brand SoChatti plans to use the funding to launch new products and innovations into the food-production industry. It also finalized its first industrial licensing agreement.
According to High Alpha, Pillar uses artificial intelligence and provides in-interview coaching to help companies assess a candidate’s fit for a job during the interview process.
The announcement comes six months after that investment division—High Alpha Capital—announced it had closed a $110 million venture fund that is likely to provide growth capital for its newest startups.