Aging water systems, increasing demand require heavy investment
For nearly a decade, voices across Indiana have raised warning flags about the need to repair the state’s aging water-utility systems and make plans to meet the growing water demand.
Funding
Articles
Could Indiana spend its $3B from feds on a one-time, impactful investment?
The state has an estimated $3 billion in federal funding coming its way. IBJ decided to ask what would happen if officials did something big and bold with the money.
Drone mailbox developer planning to hire 85 for new Indianapolis office
DroneDek, an Indianapolis-based startup, said it has raised more than $1.25 million to support its upcoming product launch.
Kristen Cooper: Pre-seed funding will help more women succeed
Unless a founder is independently wealthy, she can operate for only a limited time with her own savings. Securing pre-seed capital is extremely difficult for founders without access to networks of affluent people conditioned to write checks for risky ventures.
Independent music venues face closures without help
About 60 entertainment stages, bars and studios across Indiana have joined forces in a new association to fight for government assistance they say is needed to survive.
Wealthy hospitals get billions in federal bailout funds
Some are asking whether coronavirus aid funds are flowing to the neediest hospitals, or to those that already have deep financial resources, as the money is doled out to thousands of institutions nationwide.
State starts to dole out $2.6 billion in federal virus aid
The funding is intended to help the state navigate the pandemic, and state officials are slowly rolling out plans to spend it—while holding a sizable portion back in case COVID-19 roars back.
Local virus relief funds top $45M and counting
The funding is going to businesses that need assistance paying their employees or rent, to organizations helping families pay their mortgage or buy groceries, and to companies bearing pandemic-related expenses.
Allos Ventures closes third VC fund at $52 million
The Allos III fund has already invested in eight technology companies, and Allos officials said the fund could invest in up to 30 across the Midwest.
Self-funded firms take all the risk, all the rewards
Venture capital is supposed to be the lifeblood of fast-growing tech startups. But a handful of Indianapolis-area companies are defying that widely embraced mindset.
Intelligent Fiber Network raises $13M to help fund expansion
The Indianapolis-based broadband provider raised the funds from some of its member-owners and a new owner: Wabash Valley Power.
Carmel biotech firm lands $8M in venture capital, grant funds
Founded in 2006, Fast BioMedical Inc. plans to use the money to help advance clinical trials and hire additional workers. It develops technologies to measure blood volume and kidney function.
Zionsville software startup lands $1M in venture capital
It’s the first venture funding round for 3-year-old Clear Software, an early mover in the trend of making pre-existing business software easier to use.
Noble Roman’s making strides on take-and-bake biz
The Indianapolis-based company in the past two months has increased its supermarket presence and hired an executive to oversee grocery operations, while securing more financing to help achieve the growth.
Legal-tech startup raises money, joins California accelerator
Indianapolis-based PactSafe, a legal-tech startup launched this year by a former Taft Stettinius & Hollister LLP attorney, raised $880,000 in its seed round and was accepted into a competitive Silicon Valley accelerator.
Mobile-device management firm MOBI nabs $35 million
Indianapolis-based MOBI landed the capital from New York-based private equity firm Bregal Sagemount, which has made previous investments in LifeLock, Orbitz and Vivint.
Report: Hoosier firms raised $17.5M in VC for first quarter
The investment was in line with comparable quarters in recent years, but there’s evidence that at least one significant deal didn’t make the list.
Smart-keg startup lands another $5.5 million
SteadyServ, the local firm behind the iKeg smart beer-management system, now plans to move into at least six new markets outside the Midwest.
Carmel’s Merchants Bancorp aims to raise $50M for growth
One of the state’s largest privately held banks could bring in as many as 500 new shareholders to help fund growth. A planned acquisition fell apart early last year.
ITT Educational shares soar on loan agreement
The Carmel-based, for-profit educator announced Thursday that it had secured a much-needed, $100 million loan.