High Alpha-backed firm raises $2.6 million in seed funding
The funding round for Base HQ Inc. was led by Minneapolis-based Matchstick Ventures with participation from Revolution’s Rise of the Rest Seed Fund, High Alpha Capital and Slack Fund.
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Software firm Parker Technology lands $2M in venture capital
Indianapolis-based software and service Parker Technology LLC said the series seed funding round was led by Elevate Ventures and several local investors.
Local employee engagement software firm raises $15M in capital
The most recent round of funding was led by New Jersey-based growth equity investor Edison Partners. Prior investors also participated in the round.
Startups with female founders raise more venture cash, study says
In earlier rounds, mixed-gender teams do just as well as those without women, but the advantage grows in the later stages of fundraising, the study found.
Local software startup lands $10M in seed funding, moves HQ to California
Edify Labs Inc., a contact-center software firm founded in Carmel a year ago, announced Tuesday that it has raised $10 million in seed funding in one of the largest funding rounds of its type this year.
Kenzie Academy raises $7.8M in venture capital
The tech apprenticeship and coding school said it plans to use the cash infusion to help it expand its tech-focused educational offerings and grow its enrollment nationally and in Indianapolis.
Indy-based AI firm raises $700,000
The round was led by Johnson City, Tennessee-based The Angel Roundtable and included participation from Elevate Ventures and four other investors, who were all involved in previous rounds.
Indy startup Zylo raises $22.5M to boost marketing, workforce
Zylo is a software-as-a-service company that helps enterprises manage other SaaS subscriptions. It was launched out of High Alpha Studio, the Indianapolis-based startup and venture firm.
Water-management software firm 120WaterAudit lands $7M in funding
Zionsville-based 120WaterAudit plans to use the funds to improve its digital water-program-management platform and expand sales and marketing.
IU invests $500,000 in Richard DiMarchi’s latest biotech startup
The new venture, called MBX Biosciences Inc., aims to develop therapeutics to treat rare endocrine disorders. The company has already raised $2.5 million in funding.
Heritage Group announces first accelerator class of companies
The 10 chosen companies deal with a diverse range of technologies, including advanced materials, construction, infrastructure, sensors and environmental services, according to Heritage Group officials.
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.
Socio planning hiring spree after $6M funding round
An Indianapolis software firm that helps clients pull off events plans to triple its employee count by the end of 2020.
DemandJump lands another $5.5M in venture funding
DemandJump, a local software company, has now raised a total of $14 million in venture funding since its founding in 2015. Company officials said the most recent round will be used in part to continue to grow staff.
Elevate Ventures’ startup investments at pivotal point
After nine years of managing the state’s investments in startups, the not-for-profit Elevate Ventures has had some wins, but more losses—as measured by the number of companies that paid back at least as much as they took in.
Marketing software firm Perq raises $6 million in capitals
The most recent funding is expected to fuel the growth of Perq’s artificial intelligence-driven marketing cloud for big-ticket retailers, company officials said.
High Alpha portfolio firm Anvl raises $2M in seed funding
Anvl plans to use the funds to grow its platform and hire employees in sales, services, engineering and marketing, company officials said.
Carmel tech firm Lumavate raises $3M in growth capital
The software-as-a-service firm has raised $10 million in growth capital since being founded in mid-2015, company officials said.
Tax credit change poised to boost supply of venture capital from out of state
Indiana startups might soon have an easier time attracting out-of-state investments thanks to a change lawmakers made this year to an instrumental tax incentive program.
Bloomington software firm nabs $10 million investment
FormAssembly launched in 2006 and this is first time it will take outside money. The company says the investment comes in the midst of a wave of consumer demand for data regulation.