Funding News

Kinney Group closes Series A round with Elevate Ventures and Plymouth Ventures

Kinney Group, Inc., a cloud solutions integrator serving the Global Fortune 2000, IT-centric mid-market companies, and US Public Sector organizations, announced today that it secured investment from Elevate Ventures. The participation from Elevate Ventures rounds out Kinney Group’s Series A growth funding raise when paired with the investment from Plymouth Ventures last fall, bringing the

R&D tax credits for startups: what has changed

The federal research and development (R&D) tax credit was created by Congress in 1981 as an incentive to increase R&D spending in the United States. Since then, the credit has been extended 15 times and made permanent by the Protecting Americans from Tax Hikes (PATH) Act of 2015. Historically, large, profitable manufacturers and software developers

Winning a Mira Award helped DemandJump grab attention from investors, media

DemandJump was in the process of raising a Series Seed round with the goal of raising $1.5 million when they brought home not just one, but two “Best of Tech in Indiana” Mira Awards last year. The fast-growing, Indianapolis-based scale-up company ultimately oversubscribed the Series Seed round and successfully closed $1.8 million in capital. “Winning

Why tech companies need venture capital

It’s not uncommon to read a national or local business publication and see another startup or scale-up tech company announce a recent fundraise. But why is venture capital important for tech companies to grow and break into the market? TechPoint President and CEO Mike Langellier knows a few things about tech funding. In January 2011

Indiana’s 2016 VC funding and acquisitions

Indiana’s startup, scale-up and enterprise technology companies had a banner year in 2016 in the way of venture capital funding and acquisitions. The latest PriceWaterhouseCoopers MoneyTree report indicates that 23 deals were made to Indiana tech companies for a combined $51.51 million in 2016, equating to an average deal size of $2.2 million. Thanks to

How Early-Stage Technology Companies Can Get Immediate Tax Savings Using R&D Credits

Congress, with the passage of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), enables small businesses to use research and development credits (R&D credits) to offset payroll tax liabilities and Alternative Minimum Tax (AMT) liabilities. Before the enactment of the PATH Act, R&D credits could only offset income tax and thus went

Plymouth Ventures invests millions in Indy-based Kinney Group

Cloud solutions integrator Kinney Group, Inc. is getting a multi-million dollar infusion of capital in a growth financing round led by Ann Arbor, Mich.-based Plymouth Ventures. Kinney Group counts Global 2000 public companies, IT-centric mid-market companies, and US Public Sector organizations among its clients, including being a leading integration partner for next-generation platform providers like Splunk,

Q3 2016 Investments for Indiana Technology Companies

The third quarter of 2016 saw a spike in the value of Indiana technology funding deals with a national acquisition and high-value raises from capital sources across the U.S. We compiled a list of funding deals announcements to highlight the Indiana technology companies and those that have invested in or acquired them. Mobile app software company Bluebridge