Hoosier technology sector shatters investment record
TechPoint, the state’s not-for-profit tech accelerator, said the state saw more than $958 million in venture capital investment last year, which is nearly triple the previous record set in 2019.
TechPoint, the state’s not-for-profit tech accelerator, said the state saw more than $958 million in venture capital investment last year, which is nearly triple the previous record set in 2019.
In 2021, investors more than doubled the amount of cash they handed out to startups, according to new data from research firm CB Insights.
The pandemic has not slowed Indianapolis-based venture studio High Alpha—and in fact, the move to remote work and increasing dependence on technology has probably sped up its activity.
During Chris LaMothe’s tenure, Elevate Ventures has grown to 16 funds with $150 million in assets under management and has invested nearly $125 million in about 450 startups
The company, which offers cloud-based software and other products for call-center operators, has a significant presence in Indianapolis but it’s unclear how the recent investment might affect local operations.
Allegion says it had such success with its first investment fund, which launched in 2018, that it’s now starting a second fund that’s twice the size of the original.
The equity investment is by far the largest single capital raise by an Indiana-based technology company in the state’s history, according to Indianapolis-based TechPoint, a not-for-profit that supports the state’s tech industry.
Logik.io, which was launched in February, offers software that helps sales reps and customers secure price quotes in complex sales situations.
Shaker, which offers a platform for real estate agents and clients to communicate with each other, was launched last year by Indianapolis venture studio High Alpha.
MetaCX’s newest round of fundraising brings its total to $31.5 million, including multiple investments from several venture capital organizations.
Filo, which was launched by Indianapolis-based venture studio High Alpha last year, offers an interactive platform for online meetings, gatherings and events.
The Indianapolis-based company behind artisanal chocolate brand SoChatti plans to use the funding to launch new products and innovations into the food-production industry. It also finalized its first industrial licensing agreement.
According to High Alpha, Pillar uses artificial intelligence and provides in-interview coaching to help companies assess a candidate’s fit for a job during the interview process.
The announcement comes six months after that investment division—High Alpha Capital—announced it had closed a $110 million venture fund that is likely to provide growth capital for its newest startups.
Humankind offers its customers–retailers like Saucony, TaylorMade Golf Co. and others–a way to connect with online customers and offer custom product recommendations.
Established in 2009, myCOI uses proprietary software and human expertise to help clients assure that they and their business partners have the proper insurance coverage.
Codelicious founder Christine McDonnell talks about the investment round, which was led by Indianapolis-based Allos Ventures and EduLab Capital Partners, a venture capital firm with offices in Boston and Tokyo that specializes in learning innovation.
Allegion Ventures has been focused on companies that make it easier for people to move seamlessly through building or that help building owners and managers track and monitor the way spaces are used in a post-pandemic world.
The Series A funding round was led by New York City-based 645 Ventures and Boulder, Colorado-based Foundry Group, with returning investments from locally-based High Alpha and Time Ventures.
Entrepreneur and private investor Rick Gibbs, who co-founded Dealer.com in 1998 and sold it Dealertrack for a billion dollars in 2014, has joined Driven Data as chairman as part of the investment.