Indiana tech companies made a major haul in venture and growth funding in 2019, scoring a 260% increase over 2018, according to TechPoint, a statewide tech industry advocacy group and accelerator.
Docket, a software-as-a-service firm, announced the completion of a $1.5 million seed round led by locally based Allos Ventures, with participation from High Alpha Capital, Elevate Ventures and Simon Equity Partners.
Chicago-based venture capital firm M25 on Tuesday announced the opening of an Indianapolis office and the hiring of Launch Indy Executive Director Katie Birge to open the office.
Hyde Park Venture Partners, a Chicago-based venture capital firm with an office in Indianapolis, said its third fund exceeded its original goal of $75 million with help from repeat institutional investors.
Boardable, a local tech firm that sells software for board management, received the investment from High Alpha Capital, VisionTech Partners and Collina Ventures.
The funding round included investments from existing investor High Alpha and new investors Elevate Ventures and members of the Ricker family who previously owned the Ricker’s gas station chain.
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.
Indianapolis-based software and service Parker Technology LLC said the series seed funding round was led by Elevate Ventures and several local investors.
The most recent round of funding was led by New Jersey-based growth equity investor Edison Partners. Prior investors also participated in the round.
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.
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.
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.
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.
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.
Zionsville-based 120WaterAudit plans to use the funds to improve its digital water-program-management platform and expand sales and marketing.
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.
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.
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.
An Indianapolis software firm that helps clients pull off events plans to triple its employee count by the end of 2020.
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.
