VC Report: Q3 2017 investments in Indiana technology companies

Click here to open a larger image.

The third quarter of 2017 brought more activity and a much larger overall investment in Indiana tech companies than the previous two quarters.

Below is a list of public investments and acquisitions involving Indiana technology companies that occurred in the third quarter of 2017.

Archway Technology Partners LLC, an investment management software company based in Indianapolis, was acquired by Pennsylvania based SEI for $80 million. Jason Brown, CEO of Archway Technology Partners, will stay on with the newly named SEI Archway in the same role.

T2 Systems, Inc., a parking management software and solution firm in Indianapolis, acquired ParkingSoft LLC of Atlanta, Georgia for an undisclosed amount. ParkingSoft, LLC is a leading innovator and manufacturer of cloud software, automated hardware, and IT and Support solutions in the parking technology industry.

Bloomington-based Cheddar (formerly ChedderGetter) landed $1.25 million through a syndicate venture capital raise funded by several Midwestern firms including M25 Group, Harbor Street Ventures and Warhawk Ventures of Chicago; SixThirty and Cultivation Capital of St. Louis; Connetic Ventures of Covington, Kentucky; Little Engine Ventures of Lafayette and Indianapolis based Elevate Ventures. The billing technology software solutions company hopes to add 10 to 11 jobs in the next year.

Social media research firm Fizziology was acquired by MarketCast LLC of Los Angeles for an undisclosed amount. MarketCast plans to keep its location at The Hatch in the Broad Ripple area of Indianapolis. The company won a Mira Award in 2017 for Tech Service of the Year.

Sigstr announced a $5 million Series A raise led by Hyde Park Venture Partners of Chicago and including Battery Ventures, Charmides Capital, High Alpha and Grand Ventures of Grand Rapids Michigan. Notably, Grand Ventures  was introduced to Sigstr at TechPoint’s own Winners’ Circle event held in June. HubSpot, an inbound marketing and sales platform provider from Cambridge, Massachusetts, also participated in the round. The companies then announced a new integration between the two products that allows Sigstr email signature banners to easily link to HubSpot landing pages.

The Bee Corp secured Series A funding for its real time bee hive monitoring software used in beekeeping. The Bloomington-based company secured an undisclosed amount from Jane Martin of Village Ventures, Scott Dorsey of High Alpha Ventures, Elevate Ventures and other angel investors.

Indianapolis-based Upper Hand raised $1.1 million through Elevate Ventures and past investors to increase its sales team and bolster software development of its sports management platform. Upper Hand won the inaugural Mira Awards People’s Choice Award for Best Tech Space in 2017.

Newly launched startup Costello, housed in downtown Indianapolis’s Union 525 building, announced it has secured $1 million in funding led by Dundee Venture Capital with participation from Elevate Ventures, M25 Group and Service Provider Capital. Read more about the company in our profile here.

LeadJen, an Indianapolis-based B2B  appointment setting and lead generation company, was recently acquired by Acquirent of Evanston, Illinois for an undisclosed amount.

How does this quarter stack up to 2016? See more investment reports here:

Each quarter we report public investments in Indiana technology companies. Interested in sharing your funding deals? Email media@techpoint.org

SEI Archway

CATEGORY: Financial Technology, Technology/Services CITY: Indianapolis

Software and service solutions for ultra-high net worth families and their trusted advisors that deliver clarity, control and peace of mind

SEE FULL PROFILE SEE OPEN JOBS

Cheddar

CATEGORY: Developer Tools, Payment Technology CITY: Bloomington

Cheddar is a recurring and usage billing platform for SaaS. We cut the time it takes to build monetization into a product by as much as 90%.

SEE FULL PROFILE SEE OPEN JOBS

Costello

CATEGORY: Marketing/Sales Technology CITY: Indianapolis

Costello is a deal management platform that helps sales teams close more deals.

SEE FULL PROFILE SEE OPEN JOBS

Fizziology

CATEGORY: Marketing/Design/Sales Services, Media CITY: Indianapolis

A social media research firm that uses real-time information from social media to provide meaningful business intelligence.

SEE FULL PROFILE SEE OPEN JOBS

Sigstr

CATEGORY: Marketing/Sales Technology, Technology/Services CITY: Indianapolis

Sigstr helps marketers push content and campaigns to employee email signatures, driving brand consistency and real marketing results.

SEE FULL PROFILE SEE OPEN JOBS

T2 Systems

CATEGORY: Transportation Technology CITY: Indianapolis

We contribute to our customers’ success by delivering mission-critical technology, solutions and expertise in the parking industry.

SEE FULL PROFILE SEE OPEN JOBS

The Bee Corp

CATEGORY: Ag Technology, Big Data/Analytics CITY: Bloomington

Data-driven hive management solutions to colony loss for commercial beekeepers.

SEE FULL PROFILE SEE OPEN JOBS

Upper Hand

CATEGORY: E-Commerce, Sports Technology CITY: Indianapolis

Upper Hand sports software partners with sports organizations to help manage and grow their business.

SEE FULL PROFILE SEE OPEN JOBS
ABOUT THE AUTHOR

Roger Shuman is the Business Development Program Manager for TechPoint. He introduces Indiana’s emerging scale-up tech companies to capital and networking resources.