Capital

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.

As gener8tor’s gBETA Indy advances into new cohort classes, it’s worth asking about the value Indy startups get out of working with an accelerator like gBETA. Specifically, we spoke to three of gBETA’s first cohort founders for insights.

Last week, TechPoint hosted the latest incarnation of this event called VC Social and VC Speed Dating, which drew a total of 40 venture capital firms from 16 different states and 43 Indiana-based startups and scale-up companies seeking potential investment.

Joshua Hall discusses how being bold is on display in Indianapolis and the Midwest, and how High Alpha's $100 million raise could be the spark that's needed to ignite the next wave of growth in Hoosier tech.