Hoosier companies raised about $12.1 million from venture capitalists in the third quarter—a small haul compared to previous quarters, but enough to keep the state on track for a relatively strong year.
Zylo, launched by Indianapolis-based High Alpha Studio earlier this year, received funding from three well-known names in the local tech community.
Indianapolis-based Elevate Ventures said it made the investment through the 21st Century Research & Technology Fund, which is reserved for Indiana companies.
Doxly, a High Alpha Studio company, grabbed the cash in its first fundraising round and signed on the world’s largest law firm as a customer.
The Indianapolis-based venture studio and its investment arm have been looking beyond Indianapolis, making investments in out-of-town companies and forging a national reputation.
The sales software firm formerly known as TinderBox raised nearly $5 million in a funding round led by GE Ventures, the venture capital arm of General Electric.
Chicago-based Hyde Park Venture Partners, which established an Indianapolis office in 2015, said it plans to invest the capital in about 75 companies over the next few years, mostly in the Midwest.
SmartFile Inc. secured the investment from Vision Tech Angels and Elevate Ventures. It plans to use a majority of the cash on sales and marketing.
Charmides, one of the area’s newest venture capital funds—was launched in June 2015 by a 27-year-old basketball player from Carmel and his father.
Founded in early 2015, Bolstra pivoted to selling software this spring and then secured equity capital from Bill Godfrey’s 4G Ventures, among others
The Fishers-based company has pulled more venture capital from existing and new investors, part of which will fuel the growth of a new employee-engagement company.
Indiana had its most active venture investing quarter in 16 years, led by a mix of relatively new startups and young companies in expansion mode.
Animated Dynamics Inc. has raised $1.7 million in early funding to help it get its technology to market.
Startups in Indianapolis often have barely grown after five years in business, according to a new study, a development that’s rekindled criticism of the local venture capital landscape.
Indianapolis-based Upper Hand Inc. got an assist from investors including Finish Line Inc. co-founder Larry Sablosky.
The marketing software company, which was named “Startup of the Year” by TechPoint, has lured equity capital from Collina Ventures partner Mark Hill and a prominent Boston-based venture capitalist.
Bob Compton invests in documentary films today, but in the 1980s, 1990s and 2000s, he helped fund firms like Software Artistry, Interactive Intelligence, Aprimo, ExactTarget and TinderBox.
Beach Whiskey LLC, led by beverage entrepreneur J. Smoke Wallin, announced Thursday it has snagged enough financing to begin selling its product in California, Florida and Hawaii.
Springbuk, which aims to simplify the jobs of HR benefits and wellness managers, plans to use the money on product innovation and hiring.
Odyssey, a Broad Ripple firm behind a fast-growing website for millennials, has raised a game-changing sum as it plans more hires.
