Indiana VC Activity Down for Third Quarter, Up for the Year
According to a new quarterly report put together by Seattle-based PitchBook and the National Venture Capital Association, Indiana’s VC and angel investment activity was down in the third quarter of 2016.
A total of 19 funding deals worth $ 22.7 million were logged by Indiana companies during Q3 of 2016, according to PitchBook data. That’s a slight decrease compared to the third quarter of 2015, when 14 deals scored $ 33.6 million in funding. It’s a more significant decrease when compared to the previous quarter of 2016, when 24 companies raised $ 70.3 million.
However, 2016 overall is shaping up to be a more active year than 2015, with more Indiana companies closing funding rounds. So far this year, a total of 62 deals have totaled $ 131.5 million. Last year, the first three quarters saw 50 deals worth a total of $ 130.6 million.
Without further ado, here are the top 10 Indiana-based funding deals of the third quarter:
—Octiv, an Indianapolis-based software startup working on productivity tools for sales teams, raised $ 5 million.
—Emu Technology, a South Bend big-data operation, raised $ 3 million.
—Doxly, a legal tech startup based in Indianapolis, raised $ 3 million.
—SmarterHQ, an Indianapolis-based startup developing contextual marketing software for retailers, raised $ 3 million.
—180 Skills, which offers industrial and manufacturing training courses in Indianapolis, raised $ 2 million.
—Bolstra, a Carmel-based maker of business productivity software, raised $ 2 million.
—Owl Manor Veterinary, a Warsaw maker of regenerative medicine products for animal health, raised $ 1 million.
—SmartFile, an Indianapolis enterprise file-sharing startup, raised $ 1 million.
—Anagin, an Indiana University spinout developing treatments for PTSD, raised $ 1 million.
—Gifted Custom Art, an Indianapolis paint-by-numbers startup, raised $ 1 million.
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