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 firstname.lastname@example.org.