VC Report: Q2 2017 investments in Indiana technology companies
For scale-up technology companies in Indiana, the second quarter of 2017 increased in deal size but decreased in the number of deals.
During the first quarter of 2017, Indiana companies totaled $27 million in investment through 11 deals. Of that amount, $25 million and 9 deals were specifically in tech companies. Read the full Q1 report on TechPoint here.
Below is a list of public investments into Indiana technology companies that occurred in the second quarter of 2017.
PolicyStat, a compliance technology company that provides cloud-based, industry-leading policy management solution for healthcare, was acquired by New Jersey-based iContracts. Based in Carmel, PolicyStat has 65 employees and is expected to grow after the merger.
High Alpha Studio launched Quantifi, its sixth portfolio company. The SaaS-based marketing R&D platform for digital ads company announced seed funding of $2.3 million from High Alpha Capital, Router Ventures and a number of strategic angel investors and industry veterans.
Torchlite, a gig economy startup for freelance marketers, announced on June 15 their raise of $2 million which brings total funding raised to $4 million. Torchlite has already marked several milestones off their list since launching in June 2015. Their annual recurring revenue is over $2 million and they plan to add 140 new high-wage jobs over the next three years.
Fuzic, a marketing tech startup, announced today their close of a $3 million raise from High Alpha, Allos Ventures and Hyde Park Venture Partners. Fuzic is rapidly growing in Fishers, Indiana with their custom audio messages and licensed music for businesses.
ClearObject, an Internet of Things (IoT) Systems Innovator, announced it has received a multi-million dollar line of credit from Silicon Valley Bank. The news comes less than a month after it was announced ClearObject had been named to the 2017 Solution Provider 500 list, CRN’s annual ranking of the largest technology integrators, solution providers and IT consultants in North America by revenue.
Tenant Tracker, which simplifies tenant coordination for commercial real estate developers and landlords with cloud-based software, closed a $600,000 seed round through VisionTech Angels. The investment was matched by Elevate Ventures.
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 Sara Croft at email@example.com.