Bluebridge raises $3 million in VC, launches subsidiary
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.
Venture Capital
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Hoosier companies land $26M in VC as activity heats up
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.
Biotech firm lands funding for cancer targeting
Animated Dynamics Inc. has raised $1.7 million in early funding to help it get its technology to market.
Study finds Indy startups lag in job growth
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.
Former Finish Line execs help sports-software firm score $1M
Indianapolis-based Upper Hand Inc. got an assist from investors including Finish Line Inc. co-founder Larry Sablosky.
DemandJump attracts more big-name investors with $1.8M round
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 helped plant seeds of now-flourishing local tech community
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.
Carmel whiskey business lands $7.5 million in funding
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.
Indianapolis health analytics company lands nearly $4M in VC
Springbuk, which aims to simplify the jobs of HR benefits and wellness managers, plans to use the money on product innovation and hiring.
Broad Ripple media firm nets $25M in equity round
Odyssey, a Broad Ripple firm behind a fast-growing website for millennials, has raised a game-changing sum as it plans more hires.
State’s life sciences sector on rise while struggling with talent, capital
Shortages of workers and investment dollars remain the two biggest challenges for Indiana’s life sciences industry, which otherwise is showing robust vital signs and embarking on high-profile collaborations.
Hoosier startups grab $24 million in VC in first quarter
As venture investments ebbed in the first quarter nationally, Indiana slightly increased its pace of fundraising. Most of the funds, though, went to one company.
CloudOne raises $9M to fuel growth in ‘Internet of things’
The Fishers-based company, which helps manufacturers manage their Internet-connected products, now has raised about $21.9 million since its inception in 2010.
Local software firm Lesson.ly lands $5 million in VC
Lesson.ly, which sells cloud-based employee-training software, brought on a new investor thanks in part to former ExactTarget CEO Scott Dorsey.
Allos moves to Launch Fishers to get closer to startups
Allos, which invests in early-stage companies mostly in the tech sector, has ditched its traditional suburban office for room in the popular Hamilton County co-working space.
Indy firm nabs $15M to expand brain surgery technologies
The new funding builds on the $18 million NICO Corp. has raised from investors since its founding in 2008. The money will help the firm conduct clinical trials, commercialize new products and expand its staff beyond North America.
Indy angel group gets aggressive with school startups
Indianapolis-based Vision Tech Angels has always invested in startups born at universities, by way of invitation. Now it’s flipping the script and seeking them out.
Geofeedia nets $17 million in latest funding round
The fast-growing company, which has its technology hub in Indianapolis, plans to deploy the cash across all segments of its business.
Not everyone in tech wants venture cash
It’s immensely difficult for tech firms to quickly build and sell technology software or hardware without a sizable venture war chest. Nevertheless, at least a few central Indiana firms have managed to grow at a healthy pace without trading equity stakes for cash.
Executives, networking helped make 2015 a watershed year for VC funding
Many startups, here and elsewhere, secure venture capital funding by touting their market traction, revenue growth and other statistics, all in an effort to prove to investors that they’re good bets. However, a look behind the scenes of High Alpha and three other big venture deals last year suggests that, oftentimes, landing capital has more to do with relationships and luck than with metrics.