Local software firm Woven scores $2.5M in seed funding
The venture capital round was led by Indianapolis-based High Alpha Capital with participation from existing investors and Elevate Ventures.
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Lawsuit claims former ClearObject owners overstated revenue projections by millions
Egis Capital Partners and ABS Capital Partners claim several high-profile ClearObject executives, including CEO John McDonald, deceived them about how much revenue and profit the company was projected to make.
McDonald steps down as ClearObject CEO to join venture fund
John McDonald said he’s taking a position with Boomerang Ventures to become more involved in the state’s startup ecosystem.
ActiveCampaign’s massive VC haul to trigger growth at Indy office
ActiveCampaign, a Chicago-based marketing technology company that recently opened an Indianapolis office, announced this week it landed $100 million in Series B funding that will help it grow locally.
Federal Reserve proposes letting banks invest in venture capital funds
The draft rule approved by the Federal Reserve would exempt venture capital funds from the Volcker Rule’s provision that bars banks from investing in hedge or private equity funds.
Allos Ventures closes third VC fund at $52 million
The Allos III fund has already invested in eight technology companies, and Allos officials said the fund could invest in up to 30 across the Midwest.
Indiana tech companies see major jump in venture capital
Indiana tech companies made a major haul in venture and growth funding in 2019, scoring a 260% increase over 2018, according to TechPoint, a statewide tech industry advocacy group and accelerator.
High Alpha portfolio company launches with $1.5M in seed funding
Docket, a software-as-a-service firm, announced the completion of a $1.5 million seed round led by locally based Allos Ventures, with participation from High Alpha Capital, Elevate Ventures and Simon Equity Partners.
Launch Indy director steps down to open local office for Chicago VC firm
Chicago-based venture capital firm M25 on Tuesday announced the opening of an Indianapolis office and the hiring of Launch Indy Executive Director Katie Birge to open the office.
Venture capital firm Hyde Park raises $100M for latest fund
Hyde Park Venture Partners, a Chicago-based venture capital firm with an office in Indianapolis, said its third fund exceeded its original goal of $75 million with help from repeat institutional investors.
Software firm Boardable secures $3 million in growth capital
Boardable, a local tech firm that sells software for board management, received the investment from High Alpha Capital, VisionTech Partners and Collina Ventures.
Fishers tech marketing firm Vibenomics raises $5M in seed capital
The funding round included investments from existing investor High Alpha and new investors Elevate Ventures and members of the Ricker family who previously owned the Ricker’s gas station chain.
High Alpha-backed firm raises $2.6 million in seed funding
The funding round for Base HQ Inc. was led by Minneapolis-based Matchstick Ventures with participation from Revolution’s Rise of the Rest Seed Fund, High Alpha Capital and Slack Fund.
Software firm Parker Technology lands $2M in venture capital
Indianapolis-based software and service Parker Technology LLC said the series seed funding round was led by Elevate Ventures and several local investors.
Local employee engagement software firm raises $15M in capital
The most recent round of funding was led by New Jersey-based growth equity investor Edison Partners. Prior investors also participated in the round.
Startups with female founders raise more venture cash, study says
In earlier rounds, mixed-gender teams do just as well as those without women, but the advantage grows in the later stages of fundraising, the study found.
Local software startup lands $10M in seed funding, moves HQ to California
Edify Labs Inc., a contact-center software firm founded in Carmel a year ago, announced Tuesday that it has raised $10 million in seed funding in one of the largest funding rounds of its type this year.
Kenzie Academy raises $7.8M in venture capital
The tech apprenticeship and coding school said it plans to use the cash infusion to help it expand its tech-focused educational offerings and grow its enrollment nationally and in Indianapolis.
Indy-based AI firm raises $700,000
The round was led by Johnson City, Tennessee-based The Angel Roundtable and included participation from Elevate Ventures and four other investors, who were all involved in previous rounds.
Indy startup Zylo raises $22.5M to boost marketing, workforce
Zylo is a software-as-a-service company that helps enterprises manage other SaaS subscriptions. It was launched out of High Alpha Studio, the Indianapolis-based startup and venture firm.