Capital

It’s probably no surprise to you that the tech community likes to party. We know this from putting on our own shindig, the Mira Awards. One local tech party in particular is backed with a big purpose—including a venture fund and pitch competition to support minority entrepreneurs. “It is important that we not only change […]

Spur Interactiv, a digital marketing and ad-tech agency in downtown Indianapolis, recently announced they were selected by the Indiana Economic Development Corporation to receive a $50,000 training grant and up to $350,000 in Economic Development for a Growing Economy (EDGE) tax credits.

The fourth quarter of 2018 turned out to be a busy one for both venture capital investments and acquisitions in Indiana. Over $45 million in funding was publicly announced, with $34.8 million going to Scale Computing of Indianapolis in one of the largest capital raises for a tech company in Indiana in recent years.

The $15 million IU PhV evergreen fund will invest in Indiana University-connected startups and entrepreneurs, and alumni and friends of the university can make donations to support the funds’ longevity.

Last week, Scale Computing announced it had raised $34.8 million in strategic Series F funding to extend its global reach as a leader in hyperconvergence and edge computing.

Nine years ago, Village Capital was founded to address the lack of funding for tech solutions geared to solving global issues. This year, they made a stop in Indianapolis and teamed up with local investors and industry stakeholders to educate their portfolio startups.

During the third quarter of 2018,  there were eight publicly announced capital raises by Indiana tech companies with a combined total of over $23 million in funding along with a $100 million raise by local venture studio, High Alpha.

Torchlite, the platform for finding and managing on-demand digital marketing talent, announced today it attracted $3 million in funding to expand its tech-enabled network of digital marketing freelancers. Since its launch in late 2015 by former Apple VP Susan Marshall, Torchlite has raised a total of $5.5 million, secured over 100 new clients in 2017, and doubled revenue from 2016 to 2017.