Funding News

What out-of-town investors think about Indy tech companies

Nineteen different venture capital firms, angel investors, and investment banks joined past and present Mira Award winners and other tech innovators at the Indianapolis Motor Speedway on “Fast Friday” at the end of May for a special TechPoint Winners’ Circle celebration that included rapid-fire investable company pitches and speed-dating with investors. At the end of the

Upper Hand hits $1 million in seed capital with investment from former Finish Line execs

Serendipity keeps touching Upper Hand, the Indianapolis-based software company that simplifies front and back-end operations for sporting businesses like camps, athletic academies and individual coaches and trainers. The fast-growing scale-up has completed a $1 million seed financing round led by three former executives from Finish Line, the Indianapolis-based athletic shoes and apparel retail giant. It’s quite

Tech award winners and investors from around the country connect at IMS

During Fast Friday at the Indianapolis Motor Speedway, TechPoint brought together a mix of previous and current Mira Awards winners and select scale-up companies participating in TechPoint’s Tailwind program. Top executives from 28 of Indiana’s most successful and promising companies, met with representatives from 19 venture capital firms, angel investors, and investment banks to seek

Springbuk Secures $3.75M in Series A Funding

Springbuk, a health analytics platform, announced a Series A funding raise of $3.75 million led by Lewis & Clark Ventures. The Springbuk platform is currently used by nearly 500 employers that represent 500,000 individuals. The capital will be used to fuel strategic hiring and product innovation. “In 2015, we launched a platform to help employers

Bill Godfrey wins Investor of the Year Mira Award

Today, long-time tech leader Bill Godfrey is managing director of 4G Ventures and focused on seed-stage angel investing in software-as-a-service companies in Central Indiana. He received the Investor of the Year award during TechPoint’s 17th annual Mira Awards honoring the best of tech in Indiana. Bill Godfrey was recognized with the Trailblazer in Technology Mira Award in 2012

Indiana’s technology companies close first quarter with big venture funding deals

Several Indiana technology companies closed funding rounds at the end of Q1 2016 with seed funding, venture funding, and individual investments. Learning automation software company Lesson.ly closed their Series A round at the end of March with $5 million raised from Allos Ventures, High Alpha and OpenView Venture Partners. Lesson.ly’s initial $1.1 million in seed funding

CloudOne Secures $9M in Series E Funding

CloudOne, a Fishers-based Internet of Things (IoT) firm, announced a Series E venture funding raise of $9 million. Founded in 2010, this raise brings total equity investment in CloudOne to $21.9 million. Plymouth Ventures of Ann Arbor, Mich. led the funding round with primary participation by Hercules Technology Growth Capital of Palo Alto, Calif. Existing investors participating in

Lesson.ly announces $5 million Series A funding round

Learning automation software company Lesson.ly today announced a $5 million Series A funding round led by OpenView, with participation from High Alpha Capital and Allos Ventures. “In 2013 our first client created their first lesson, and today more than 200,000 employees are learning with Lesson.ly,” said Max Yoder, Lesson.ly’s co-founder and CEO. “This investment brings

Venture capitalist Scott Maxwell calls Indy ‘high energy, infectious’

It’s 2016 — the year of the scale-up. Venture capitalists from coast to coast are on the hunt for investment opportunities with relatively young, rapidly emerging, innovation-driven companies that could be the next big success stories. High Alpha, an Indianapolis-based venture studio focused on enterprise cloud companies, is one such investment firm keenly aware of the