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Top 24 Venture Capital Firms in Indiana Unveiled

4
min read
Top 24 venture capital firms in Indiana Main

Top 24 Venture Capital Firms in Indiana Unveiled

4
min read
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Top 24 venture capital firms in Indiana Main
Top firms trust Inven to find niche companies

In the heart of the Midwest region, Indiana is quietly becoming a hub for venture capital firms. These firms invest in early-stage companies across a variety of sectors, including technology, healthcare, and more. They play a vital role in fueling the growth and innovation of Indiana's business landscape, providing needed capital, resources, and industry connections. The trajectory of the industry indicates a steady rise, with an increasing number of both venture capital firms and recipient companies. The dynamic combination of diverse sectors, supportive business climate, and developing technological advancements is paving the way for Indiana's entrepreneurial growth.


Top 24 venture capital firms in Indiana

1. Elevate Ventures

Elevate Ventures is an early-stage venture capital firm that invests in high-potential cross-sector innovative companies. They provide critical capital, connections, and resources to support entrepreneurs and help them reach success.


2. Boomerang Ventures

  • Website: boomerang.vc
  • Headquarters: Indianapolis, Indiana, United States
  • Founded: 2019
  • Headcount: 1-10
  • LinkedIn

Boomerang Ventures is a venture fund and studio that focuses on connected health technologies. The company builds, launches, and funds new companies using their Boomerang Launch System to refine ideas, define market strategies, and manage pipelines and project lifecycles.


3. Flywheel Fund

Flywheel Fund is an Indiana-based early-stage investment firm that invests in capital-efficient tech companies with innovative products and healthy market potential. The fund is known for being founder-friendly and offers active mentorship and networking opportunities to its portfolio companies.


4. SproutBox

  • Website: sproutbox.com
  • Headquarters: Bloomington, Indiana, United States
  • Founded: 2008
  • Headcount: 11-50
  • LinkedIn

SproutBox is a venture studio that provides mentorship, board leadership, HR, and accounting services to nearly 30 startup ventures, helping great founders bring great products to market and grow those businesses.


5. Mammoth

  • Website: mammoth.vc
  • Headquarters: Fort Wayne, Indiana, United States
  • Founded: 2021
  • Headcount: 1-10
  • Latest funding type: Series A
  • LinkedIn

Mammoth Scientific is a venture capital company that specializes in health science and technology funds, providing access to syndications and potential collaboration with future exit partners.


6. High Alpha

  • Website: highalpha.com
  • Headquarters: Indianapolis, Indiana, United States
  • Founded: 2015
  • Headcount: 11-50
  • Latest funding type: Undisclosed
  • LinkedIn

High Alpha is an enterprise SaaS venture studio that invests in the next generation of B2B SaaS companies. They provide founders with capital, guidance, and support to scale their businesses.


7. IU Ventures

IU Ventures is an investment firm focused on generating social and economic impact for Indiana University, Indiana, and the world.


8. Doriot

  • Website: doriot.com
  • Headquarters: Bloomington, Indiana, United States
  • Founded: 2019
  • Headcount: 1-10
  • Latest funding type: Grant
  • LinkedIn

Doriot Markets, LLC is a company offering services related to startup investment and entrepreneurial education.


9. Venture Club of Indiana, Inc.

The Venture Club of Indiana is a non-profit organization that helps entrepreneurs and investors network and succeed in Indiana's entrepreneurial business environment


10. Fnex

  • Website: fnex.com
  • Headquarters: Indianapolis, Indiana, United States
  • Founded: 2012
  • Headcount: 51-200
  • Latest funding type: Series Unknown
  • LinkedIn

Fnex.com is a company that offers financial services and investment opportunities. They provide a platform for individuals and businesses to connect and engage in various investment activities. With a focus on transparency and user-friendly interface, Fnex.com aims to simplify the process of investing.


11. Lakeside Investments

We invest in rapidly growing seed &a; early-stage companies with a vision and the grit to make it come true. We support the startup development as angel investors, offering funding, experience and network to boost growth and deliver attractive returns to founders &a; investors.


12. Purdue Foundry

Purdue Foundry is a startup accelerator that offers mentorship, resources and events to entrepreneurs, researchers and innovators looking to scale their ideas and impact the world.


13. SCORE Mentors North Central Indiana

SCORE, the nation’s largest network of free, expert business mentors, is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. Because our work is supported by the U.S. Small Business Administration (SBA), and thanks to our network of volunteers, we are able to deliver our services at no charge or at very low cost. We provide: -Volunteer mentors who share their expertise across 62 industries -Free, confidential business counseling in person or via email -Free business tools, templates and tips online -Inexpensive or free business workshops (locally) and webinars (online 24/7)


14. Startup South Bend - Elkhart

Startup South Bend – Elkhart is a centering catalyst that ignites new business creation and prosperity by leveraging the unique and united assets of the region. Fostering relationships, people, culture and resources supporting a vibrant entrepreneurial ecosystem across the 47 smart connected communities in northern Indiana and southwest Michigan.


15. INnovation Angels

  • Website: innovationangels.org
  • Headquarters: New Albany, Indiana, United States
  • Founded: 2011
  • Headcount: 1-10

INnovation Angels is an investment group based in southern Indiana and the Metro Louisville, Kentucky region. Founded in 2011, the INnovation Angels&s; meetings provide a forum in which investors may be educated on all aspects of investment and business, as well as introduced to entrepreneurs and the business opportunities they present. The INnovational Angels are partial to companies that plan to produce jobs in our local economy, and particularly in southern Indiana. While we don&s;t require companies to be located in the Louisville Metro area to receive our support, generally those who are willing to locate their operations here are in a favorable position. More than making money, we hope our presence and investments help stimulate economic development in the region, providing entrepreneurs access to early stage funding, as well as ongoing strategic and operational support.


16. High Alpha Innovation

High Alpha Innovation is a venture builder that collaborates with large-scale organizations to launch successful startups and unlock innovation. They provide critical infrastructure, talent, services, and resources to help entrepreneurs achieve bigger outcomes faster. High Alpha Innovation believes that company building is a team sport and leverages their expertise to scale startups in competitive markets.


17. Indiana Technology & Innovation Association

A statewide association of technology-driven companies, raising the profile of Indiana's fastest growing sector.


18. Intrepid Finance & Venture

Intrepid Finance & Venture Co. is a financial services company that helps businesses access capital based on their recurring revenue. They offer a frictionless financial solution that allows businesses to grow without dilution or high interest rates.


19. Patoka Capital

Patoka Capital is a financial investment firm based in New Albany, IN. They specialize in providing capital to patient family businesses for growth. With a unique approach and expertise, they partner with businesses to support their expansion and success.


20. LeadJen

  • Website: leadjen.com
  • Headquarters: Carmel, Indiana, United States
  • Founded: 2004
  • Headcount: 11-50
  • Latest funding type: Acquired
  • LinkedIn

LeadJen is a lead generation company that specializes in providing highly qualified leads to clients. With a focus on closing deals, LeadJen uses expertise, dedication, and next-gen sales enablement technology to deliver the best leads for maximum impact.


21. Horizon Oncology & Research Center

Horizon BioAdvance is a company that specializes in advancing the latest biotechnology research by providing funds, guidance, and investment opportunities for start-up and established biotech companies.


22. jambam - technology solutions

  • Website: jambam.com
  • Headquarters: Huntington, Indiana, United States
  • Founded: 2013
  • Headcount: 11-50
  • LinkedIn

Jambam is a company that invests in private equity. They provide funding for various types of companies and aim to help them grow and succeed.


23. Elevate Northeast Indiana

When it comes to being a high-growth entrepreneur, at the end of the day, what are you really after? Traction to scale your business. The entrepreneurial journey is a journey filled with many twists and turns that, without a roadmap to investment, have the potential to cause a brilliant idea to fizzle out. Unfortunately, finding the right resources is easier said than done. What is the right connection? How do I create a pitch deck? Where is the money? At Elevate Northeast Indiana, we give high-growth entrepreneurs a clear path to potential investment. It all starts with a quick, 30-minute conversation where we will assess where you’re at with your business. After this, we will provide you with checklists, templates, and coaching so you can prepare to pitch. Finally, we will create a path for you to get in front of the right people for potential investment. Connect with us today and avoid the possibility of a great idea fizzling out. Instead, move forward with a clear plan toward extraordinary growth.


24. Omnidollar Investments

  • Website: omnidollar.io
  • Headquarters: Indianapolis, Indiana, United States
  • Founded: 2020
  • Headcount: 1-10
  • LinkedIn

Omnidollar.io is a fintech company that offers a digital platform for the management of personal finances. With its advanced algorithms, the platform helps users keep track of their expenses, optimize their budget and invest their savings.


Want to find more venture capital firms?


If you want to find more companies that provide vital early-stage investment, mentorship, networking opportunities and resources you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.


With Inven you'll also get to know the company's:


  • Ownership: Which of these are private equity backed? Which are family-owned?
  • Contact data: Who are the owners and CEO's? What are their emails and phone numbers?
  • Financials: How do these companies perform financially? What are their revenues and profit margins?

...and a lot more!

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