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.
The software-as-a-service company, launched Wednesday, will be led by well-known local tech executive Scott McCorkle.
A wave of corporations in central Indiana is creating venture capital arms, pushed partly by the desire to join the technological movement.
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.
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.
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.
Hoosier companies landed $53.5 million in venture capital on 16 deals from July 1 to Sept. 31, according the report released Tuesday.
The investment round was led by Edison Partners. Funds will be used to advance new product development and enterprise market adoption, Sigstr officials said.
It’s the first round of growth capital secured by the company, which focuses on human resources-related software-as-a-service products.
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.
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 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.
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.
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.
Indianapolis-based "venture studio" High Alpha on Monday announced plans to take operations to the next level by adding two funds worth more than $100 million and two new investors with national reputations.
PactSafe, an Indianapolis tech firm that offers clients a cloud-based contracting platform, said the infusion of capital will allow it to add up to 20 employees by year’s end.
The 8-year-old firm, which focuses on investing in early-stage Midwestern tech companies, this week filed plans with the Securities and Exchange Commission to raise $50 million to $100 million for the new fund.
Officials for digital consultancy Levementum said the capital recently secured from a group led by Chicago-based Inoca Capital Partners will be used in part to add about 40 employees at its Indianapolis office this year.
The new funding will be invested into sales, marketing and product innovation expansion, company officials said.
Officials for Upper Hand Inc. said the cash infusion will be used to develop technical and strategic partnerships and expand hiring efforts in customer support and product development.
