Growth funding drying up in Indianapolis
A key financial stepping stone for Indianapolis-area startups is dwindling, with no significant replacement on the horizon.
Venture Capital
Articles
Angie’s List lands $53 million investment
The privately held firm, which has been raking in private investment since 2005, landed the biggest round of funding in its history from “two of the world’s largest public money managers.”
IEDC unveils statewide entrepreneurship initiative
Elevate Ventures could attract an additional $30 million in matching federal and private funding to support entrepreneurs statewide, Indiana Economic Development Corp. officials say.
Experts: Economy too weak to fuel venture-capital investment
Activity won’t gain much steam until more entrepreneurs become optimistic, and optimism won’t materialize until the economy gets warmer, said John Barnard, managing director of Pearl Street Venture Funds.
Bill seeks to boost investment credit, startups
The legislation, assigned to a committee on Wednesday, would increase the maximum for venture capital tax credits from $500,000 to $1 million, helping high-potential startups attract outside funding.
Centerfield invests in California company
Centerfield Capital Partners’ investment in Fresh Food Concepts Inc. is the 12th deal from the local venture capital firm’s second fund.
Scale Computing scores $17M in venture capital
The latest round of funding brings the total raised by the local data-storage upstart to $31 million and follows a $9 million investment it received in March.
Angie’s List attracts $2.5M infusion
The investment is from a San Francisco-based firm and follows a $22.5 million investment the company received in October from multiple investors.
Indiana life sciences sector copes with shrinking VC pool
Venture funds nationwide crested at $100 billion in 2000, but that number last year had drooped to $18 billion.
ChaCha lands $20 million venture investment
The funding comes from new investors VantagePoint Venture Partners and Rho Ventures. Since its inception in December 2005, ChaCha has raised more than $50 million, including $7 million earlier this year from a venture capital fund.
Angie’s List investors not ready to cash in yet
The 15-year-old company now has raised nearly $100 million in debt and equity financing and backing from individuals.
Lilly investing up to $150M in VC funds
The three venture funds, which will focus on drug development, may be worth a total of $750 million, up to $250 million each, and Lilly will contribute as much as 20 percent of the money.
Local venture capital firm launches investment arm
Heron Capital Equity Partners seeks to invest $1 million to $10 million in private companies headquartered within 250 miles of Indianapolis. HCEP is part of Heron Capital, one of the largest venture capital funds in the city.
Indiana life sciences companies capture more venture capital money in first half of 2010
Venture dollars for Hoosier companies are still few, but the flow of deals is picking up.
Life sciences deals pick up momentum
Venture dollars for Indiana life sciences companies are still few, but the flow of deals is picking up. Nine Hoosier companies
scored investments totaling $10.4 million during the first six months of the year.
Indiana Seed Fund nearing end of $6 million stash
Having invested in 10 companies since 2005 and with its $6 million pot of money running low, the Indiana Seed Fund is nearing
a crossroads.
Private companies struggle to raise funds once reaching critical mass
Several Indiana companies are in a position, or soon will be, to launch an initial public offering. But don’t expect a wave
of new Indiana public companies. In the recession, with both revenue and profits down, companies may choose to wait until
they have better numbers to report.
Entrepreneurs lose clout as VC funds get stingier
Most local venture funds are standing pat because the economy is weak and they’re no longer
in fund-raising mode. Having invested most of their funds, the firms have shifted to the nurturing, or “harvesting”
stage, to try to improve investment returns.
Big guns behind Allos Ventures tech fund
The region’s blossoming technology sector is about to get another shot of financial fertilizer. The newly formed Allos
Ventures has raised $20 million from investors and plans to focus on early-stage tech companies.
Scale Computing lands $9M from Silicon Valley venture firm
Data-storage upstart Scale Computing on Monday announced a $9 million investment from Silicon Valley venture firm Benchmark
Capital. The infusion will help kick-start a global sales expansion focused on Japan and Europe, said Scale CEO Jeff
Ready.