Local maker of organic oils rakes in $9.5M in venture funding
The round of financing was led by Indianapolis-based HG Ventures, which is the corporate venture arm of a major shareholder in Biosynthetic Technologies.
The round of financing was led by Indianapolis-based HG Ventures, which is the corporate venture arm of a major shareholder in Biosynthetic Technologies.
The 21 Fund’s purpose has meandered a bit since it was created in 1999, but it always has been dedicated in some way to encouraging research, technology and innovation. And that investment is key to maintaining the state’s efforts to create a vibrant tech community.
The communications-workflow software is super-charging its growth with what many believe is a record haul of venture capital, in the form of a $25 million Series A round of funding.
Since its takeoff three years ago, investor High Alpha has grown its stable of studio companies from three to nine.
Creating and funding the Next Level Fund was part of Holcomb’s larger legislative agenda.
Recent research has found that high-growth startups with women on their management teams outperform those with all-male teams—a discovery that has spurred several central Indiana organizations to step up efforts to boost gender diversity.
Scott Dorsey and Kristian Andersen—two of the four partners at High Alpha—say they are pioneers because they’ve created a firm that combines company creation and venture funding.
Carmel-based SteadyServ Technologies expects to roll out its keg-sensor system early next year and trigger an aggressive hiring phase.
Allos Ventures has raised $40 million from local tech industry luminaries and others to invest in early-stage tech companies in the Midwest, a segment that has seen funding dry up. The fund, Allos II, aims to invest $3 million to $7 million each in about a dozen early-stage companies—not upstarts but those already generating solid revenue streams.
Early-stage venture capital has been harder and harder to come by for life sciences companies in recent years, but two Indianapolis investors are working to raise sizable funds to help fill the gap.
Scale Computing, a maker of data-storage devices that recently launched a “datacenter in a box,” has landed another $12 million in venture funding.
Funding for U.S. startups fell 12 percent in the second quarter as venture capitalists poured less money into fewer deals than a year earlier. But the number of companies getting funded in the earliest stages of development reached the highest level in more than a decade.
The state of Indiana and former Colts are among the lead investors in Fishers-based software provider CloudOne, the company announced this week.
High-tech firms have been clamoring for a couple of decades for nonstop flights between Indianapolis International Airport and California’s Silicon Valley. One of Indiana’s tech icons made it clear recently that the need is as urgent as ever.
Daily Lunch Deal sold last month after just a year in business, marking a milestone for its venture-firm mentor.
TechPoint’s 13th annual technology summit might be more notable not for who is on the formal agenda but for who is in the audience.
The company, one of the city’s largest technology firms, is on the newspaper’s list of top 50 venture-funded firms.
The privately held firm, which has been raking in private investment since 2005, landed the biggest round of funding in its history from “two of the world’s largest public money managers.”
A $250,000 investment in Aarden Pharmaceuticals will go toward advancing tuberculosis therapy through the pre-clinical development stage.
Centerfield Capital Partners’ investment in Fresh Food Concepts Inc. is the 12th deal from the local venture capital firm’s second fund.