Ag tech startup closes $3.5M funding round for livestock fertility platform
The technology, Fertile-Eyez, analyzes swine fertility, which enables livestock producers to accelerate reproduction among the herd.
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Indianapolis-based Scale Computing lands $55M investment
Scale Computing CEO Jeff Ready said the $55 million investment will help the fast-growing company move closer to its goal of an initial public offering.
Indiana’s tech firms saw strong venture investment activity in 2Q
Indiana-based tech firms attracted a combined $166 million in investments last quarter, according to a report released this week by Indianapolis-based TechPoint. The quarterly total was up sharply from the first quarter, despite the nationwide tech slowdown.
Elevate Ventures is opening its annual pitch event to the public
Elevate Ventures’ annual pitch competition takes place Aug. 5 in Fishers, and this year for the first time the event is free and open to the public.
New High Alpha startup Holder aims to tap potential of Web 3.0
Holder, the latest startup to launch out of Indianapolis-based venture studio High Alpha, offers a marketing platform built for the emerging era of blockchain technology.
IBJ Podcast: Is a funding slowdown hitting the local tech sector?
IBJ tech reporter Susan Orr talked with local tech firms and venture funders about the trends and tells host Mason King about their concerns and expectations.
Tech firms grow wary as funding streams slow
The red-hot tech industry is cooling down, and local industry insiders say they’re preparing for a landscape in which venture funding may be harder for companies to secure.
Accounting-tech firm Decimal lands $9.2M investment
Decimal’s software platform helps customers automate and outsource accounting tasks like bookkeeping and payroll. The company has added 30 employees since February.
Indianapolis-based tech firm Encamp lands $30M investment
Encamp’s software helps its customers fulfill environmental reporting and compliance issues. The company has attracted $47.2 million in investment since its launch in 2017.
Fishers tech firm Vibenomics lands $12.3M in growth capital
Fishers-based Vibenomics, which provides in-store music, audio advertising and messaging to retail customers, said the funding will help fuel its growth.
Tech leaders say increasing support for new graduates, investors can strengthen tech sector
Local tech-industry executives say an expansion of an existing investor tax-credit program, plus an increased emphasis on high-school computer education, would go a long way to help support the state’s tech sector.
Indiana life sciences companies landed $15B in funding in 2021
The funding included 39 Indiana life-science companies raising $433.5 million last year in venture capital, an increase of almost $200 million compared to 2020, according to a report issued by BioCrossroads.
Marketing-tech startup Prodport lands $3.6M investment
Prodport’s CEO and cofounder is Ohad Hecht of Carmel, who formerly led marketing-tech firm Emarsys until leaving that company last year.
Seasoned local executive Ting Gootee tapped to lead TechPoint
Gootee, who has been the chief investment officer at Indianapolis-based Elevate Ventures since 2014, is a well-known figure in Indiana’s technology, investment and entrepreneurship circles.
Local specialty chemicals firm lands $4.6M in funding round
MITO Material Solutions Inc. said it will use the investment to expand its Indianapolis operations, including new lab space for developing products and new composite material technologies.
Report: Venture capital investments in Indiana companies hit all-time high
Indiana companies landed $1.4 billion in investments last year–a record amount, and nearly triple the value of investments in 2020, a new Elevate Ventures report says.
Advocates for female entrepreneurs want Elevate Ventures’ next CEO to be a woman
Members and supporters of The Startup Ladies, an Indianapolis company that supports female entrepreneurship, sent an open letter to Elevate Ventures detailing their concerns that Elevate marginalizes female founders.
UPDATE: Tech startup Qualifi lands $2.5M in seed funding
Indianapolis-based Qualifi, which launched in 2019, offers technology that helps customers quickly screen job applicants using automated phone calls.
Allos Ventures launches $75 million investment fund
Indianapolis-based Allos Ventures, which invests in early-stage business-to-business software companies in the Midwest, said it plans to start making investments from Allos IV right away.
Elanco, High Alpha Innovation launch ag-tech startup Athian
The startup, Athian, aims to help farmers and ranchers measure, and eventually monetize, their efforts to reduce the carbon footprint of their cattle operations.