Endeavor Team

A carpe diem call to action for Midwest tech entrepreneurs and investors

There are great entrepreneurs and great companies everywhere. Including in Middle America. In cities such as Indianapolis, Louisville, Lexington and Cincinnati, there are emergent entrepreneur-led ecosystems. A growing contingent of investable opportunities continues to build, but venture capital formation in Middle America has not matched supply and demand. This market imbalance has created an opportunity […]

Q1 2022 VC Report: A New Wave of Tech Growth in Indiana

Last year was the biggest year ever for investments in Indiana tech companies. Three of the four quarters were the biggest ever for the ecosystem at $198 million (Q2), $159 million (Q3) and $465 million (Q4). Based on the number of investments in later stage companies (e.g. Formstack, Greenlight Guru, OnBoard and Bloomerang all with […]

Q4 & Annual 2021 Indiana VC Report

Records shattered as new leaders step into next phase of tech ecosystem Indiana tech investment, mergers & acquisition (M&A) activity in 2021 didn’t just break records: they ground those markers into dust. Perhaps more importantly, the indications from those bringing in that all-important capital are that the new generation of the state’s ecosystem are following […]
Formstack billboard

Formstack landed $425 million and went quietly back to work

When news of Formstack’s jaw-dropping $425 million capital raise hit the news cycle last Thursday, it understandably set Indiana’s tech ecosystem abuzz. The investment led by Silversmith Capital Partners and returning investor PSG is by far the state’s largest tech capital raise in history. It came on the heels of two other triple-digit investments (Greenlight […]

Q3 2021 VC Report: Billions Served

In less than three years, Indiana tech companies have raised more than one billion dollars, and our review of 2021’s third quarter shows no letting up of the record pace in capital raises that began late last year. The sector closed the third quarter of 2021 with more than $159 million in 12 publicly announced […]