Flush with funding, Scale Computing chases ‘multibillion-dollar opportunity’
A partnership with Japanese personal-computer maker Lenovo—to be rolled out Feb. 25—and $34.8 million secured in October has the software firm poised for explosive growth.
Venture Capital
Articles
Tech seed fund relaunching with new management
Three new managing partners are bringing Gravity Ventures back to life and aim to have its new fund deployed within 18 months.
Indy startup Outpost Medicine draws in big money to develop drug therapies
For a startup that has raised an eye-popping $71 million in just three years, Outpost Medicine LLC likes to keep a low profile. The young company, which is developing drugs for urinary and gastrointestinal disorders, is headquartered in small, unmarked space at the Parkwood Crossing office complex on East 96th Street. It has issued only a […]
Local venture firm invests $2.5M in company that makes food from waste
Renewal Mill is the first announced recipient of funding from HG Ventures, the venture capital arm launched last year by the Indianapolis-based Heritage Group.
Matthew Neff: What is the difference between venture capital, private equity?
Venture capital focuses generally on companies that are either pre-revenue (a company pursuing an idea, concept, product, service, etc., but not yet generating any significant revenue), or not generating enough cash flow to pay most, if not all, expenses.
Hoosier companies see big surge in venture capital investment
Venture capital raised by Indiana companies more than doubled in 2018 compared with 2017’s total, according to the latest report by PitchBook-NVCA Venture Monitor.
Allos Ventures raises $40 million for latest investment fund
The new fund, Allos officials said, will continue the firm’s focus on investments in early-stage business-to-business software and tech-enabled service companies based in the Midwest. Allos has already made its first investment with the fund.
High Alpha raises $14 million to launch latest tech company
The software-as-a-service company, launched Wednesday, will be led by well-known local tech executive Scott McCorkle.
Allegion, Heritage among corporations leaping into venture investing
A wave of corporations in central Indiana is creating venture capital arms, pushed partly by the desire to join the technological movement.
Scale Computing scores $34.8M round of funding, plans to add 100-plus employees
Scale Computing Inc. has landed one of the biggest rounds of financing in Indiana in recent years and is planning to more than double its workforce over the next two years.
High Alpha portfolio company raises $3.5 million
Pattern89, formerly known as Quantifi, intends to use the latest round of funding to expand its marketing efforts, scale its platform, and grow its data science, sales, and marketing teams.
Software firm Perq raises $5 million from tech heavyweights
The company’s founders used millions of dollars in capital from their original company—which offered print and direct-mail services—to launch a software division.
Indiana venture capital activity surges in third quarter, report says
Hoosier companies landed $53.5 million in venture capital on 16 deals from July 1 to Sept. 31, according the report released Tuesday.
Tech firm Sigstr secures $4 million growth capital investment
The investment round was led by Edison Partners. Funds will be used to advance new product development and enterprise market adoption, Sigstr officials said.
Local tech firm Emplify lands $7.5 million in venture capital
It’s the first round of growth capital secured by the company, which focuses on human resources-related software-as-a-service products.
Venture Club’s Innovation Showcase is a go
After InXInnovate LTD suddenly cancelled its local event this fall, the Venture Club of Indiana was forced to hustle to re-schedule their annual Innovation Showcase. With the help of The Heritage Group and other corporate supporters, it’s now set for October.
Heavyweight venture capitalists headed to local TechPoint event
Forty venture capitalists from 12 states will descend on Indianapolis Sept. 12 and 13 to network and hear pitches from some of the region’s most promising young tech companies.
Local sports groups, franchises team up with tech biz-accelerator operator
Local partners will include the Pacers, Colts and NCAA. But state officials declined to specify the contribution from Indiana’s Next Level Fund, a new state-backed venture pool with $250 million to invest.
Family-run firm to invest $50M annually via venture arm
Based in Indianapolis, The Heritage Group plans to look for investment opportunities globally but has a strong interest in investing in innovative ventures in its own backyard.
Kenzie Academy scores $4.2 million, plans to expand school
Butler University is among the group of investors in Kenzie Academy’s college-alternative model, which combines one year of immersive learning with one year of paid work in the company’s tech-consulting subsidiary.