IEDC deems Elevate Ventures, affiliates in breach of all active loans
The warning comes after the venture development firm defaulted on an angel investment program.
Venture Capital
Articles
Indianapolis-based software firm Metaimpact lands $5M investment
Metaimpact, a software company led by longtime local tech executive Scott McCorkle, has now raised $45 million since its launch in December 2018.
Report: Indiana tech venture capital activity lower in first half of 2025, mirroring national trends
Nationally, $23 billion was raised through May, according to PitchBook, far less than the forecasted $90 billion.
Marketing tech startup Backstroke lands $2.8M investment
Indianapolis-based marketing tech startup Backstroke Inc. has raised a total of $4.8 million in outside investment since its launch in 2024.
Fishers-based Robosource scores funding from Tim Tebow’s investment firm
Robosource is set to launch its first software product, a tool called Process Coach, in October with help from the round of investment funding.
Lilly, Purdue Strategic Ventures invest in AI-assisted remote lab platform built for speedier research and development
Persist AI announced a $12 million Series A funding round to support its new Cloud Lab platform, allowing companies to use its lab remotely for research and development.
Governor’s IEDC moves raise questions about planned VC growth fund
Almost exactly one year ago, Indiana officials publicly announced a significant entrepreneurial resource the state had been quietly working on for several years—the launch of a $100 million investment fund to help young companies scale up their businesses. A lot has changed since then.
Venture Club event hopes to capitalize on momentum from adjacent global gathering
The Venture Club of Indiana’s annual Innovation Showcase is an official side event of this year’s Global Entrepreneurship Congress, and the Venture Club is hoping to capitalize on the momentum of that much larger event.
Indianapolis-based Olio secures $11M venture investment
Olio offers a software platform that allows health systems, physician groups and insurers to coordinate patient care across different settings.
2025 Innovation Issue: What’s a startup? Most say it’s a company that’s young, disruptive and scalable
Even seasoned entrepreneurs and business executives have different takes about exactly what constitutes a startup—or at least a successful one.
Launch Fishers working with California-based Plug and Play to help local startups
Launch Fishers recently formed a partnership with venture firm and accelerator operator Plug and Play, giving Launch Fishers members access to Plug and Play’s network of resources and connections across the country.
Elevate says state funding freeze endangers startups, entrepreneurial community
Commerce Secretary David Adams announced last week that the state had frozen funds earmarked for Elevate Ventures, but he did not outline specific concerns about the nonprofit or its operations.
Business leaders see Israeli venture fund as a way to attract startups to Indiana
Representatives of Israel-based Iron Nation, established to support Israeli startups during the country’s ongoing war with Palestinian militant group Hamas, came to Indianapolis as part of a U.S. visit to meet with potential investors.
Indianapolis-based High Alpha Innovation rebrands, prepares for new investment round
A spinoff of Indianapolis-based venture studio High Alpha that works with organizations to help them create and launch startups is preparing to announce a new round of investment from its first-ever outside investors, said CEO Elliott Parker.
Report: Venture investment in Indiana tech firms rose from 2023 to 2024
The Central Indiana Corporate Partnership report’s findings show that tech-industry funding has still not rebounded from the slowdown that began in 2022.
Chicago-based venture firm adds Indianapolis-based partner
Chicago-based M25, a venture firm that invests in early-stage Midwestern tech startups, has named local entrepreneur Brian Powers as its Indianapolis-based venture partner.
Indianapolis fintech startup Habits lands $1.1M investment
Indianapolis-based Habits Inc., which offers a platform where financial advisers can connect with potential clients, announced this week that it had closed on a $1.1 million round of pre-seed funding.
Indianapolis tech startup Stellar lands $2.7M in seed funding
The seed round was oversubscribed, meaning Stellar Technology Services attracted more investor interest than anticipated.
AI, IPOs expected to boost venture funding activity in 2025
After a lackluster few years for venture investing activity, observers expect to see improvement in 2025, both nationally and in Indiana.
Rally pitch contest winner secures $5M investment as asthma test awaits approval
MyBiometry, a Massachusetts-based health technology firm that was one of five winners of the Rally IN-Prize pitch contest last year, has secured $5 million in seed funding and hired its first Indiana employees.