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 was raised from Allos Ventures in December 2014.
Cloud-based platform-as-a-service company Clear Software intended to raise $1 million but closed at $1.5 million in February with investments from Elevate Ventures, Hyde Park Venture Partners, MK Capital and individual investors.
Sensory technology startup DATTUS was one of five companies to be accepted into Gener8tor, a concierge startup generator that offers a 12-week accelerator program. DATTUS received an initial $20,000 cash investment in return for equity plus another $70,000 in convertible notes.
Perceivant, a provider of evidenced-based content, assessment, and real-time analytics that empower individuals and organizations to adapt in a fast-moving, competitive world, closed the first quarter with $250,000 in funding from angel investors. Perceivant leverages its data heritage from being spun out of iGoDigital (before it was acquired by ExactTarget, now Salesforce).
nurseVersity, a nursing exam prep software-as-a-service startup, was accepted into 500 Startup’s Batch 16, a four-month accelerator program. Acceptance into 500 Startup offers access to mentorship, hands-on sessions with startup experts, office space, and an accelerator investment of $100,000 net of fees (or $125k gross) in exchange for 5% of the company.
According to CB Insights, other Indiana technology companies that received funding include Track Ahead, Trek10, RedPost, Allied Payment Network, and Lodestone Insights.