Venture firm opening Indy office to target the overlooked
Cincinnati-based Lightship Capital is opening an Indianapolis-area office within three months to provide underrepresented entrepreneurs here access to a $50 million investment fund.
Venture Capital
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High Alpha portfolio company in hiring mode after raising $2M
Pattern89, which uses an artificial intelligence-driven platform to help customers improve results from paid social media programs, has raised a total of $7.5 million in venture and growth capital since its launch.
Armed with $100M, Novus Capital prowls for acquisition
The “blank check company”—formed to acquire one or more businesses and merge with them as a way to take those companies public—closed its funding round in May and is looking for a business to buy.
High Alpha startup Canopy scores $2 million in seed funding
Canopy, founded late last year under the name Loupe, makes and markets software that uses artificial intelligence to gather sales and product usage data.
Brothers to funnel $4.5M into companies stung by pandemic
Sensing an investment opportunity—and a chance to do good—the four Litt brothers have set aside for investment a portion of the $40 million they reaped from the 2019 sale of their transportation-management firm, Reliable Source Logistics.
Indianapolis software firm Encamp raises $3.1M in growth capital
The funding round was led by Allos Ventures and High Alpha Capital, both of Indianapolis, with participation from IU Ventures.
Fishers tech firm Vibenomics raises $6M in growth capital
Fishers-based audio marketing technology company Vibenomics Inc. on Tuesday announced it has closed on $6 million in Series A funding. The round, which closed Feb. 17, was led by Atlanta-based BIP Capital and brings total company funding for Vibenomics to $13.5 million.
Venture investors get stingy during outbreak
Institutional markets became increasingly volatile as COVID-19 spread across Asia, then Europe and now the United States, leaving venture capitalists holding tighter to their cash and spending more time examining the health of the companies in which they’ve already invested.
Kim & Todd Saxton: You can be an early-stage investor—and startups need you
Investing locally is rewarding as part of a balanced portfolio. It is also exciting and gratifying to be part of allowing a local startup to launch or grow.
Software firm Lessonly scores $15 million in latest venture funding round
The funding—secured before the coronavirus hit the U.S.—will be used to fuel growth across all segments of the company, said Lessonly CEO Max Yoder.
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.
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.