Predict your next investment

Academic/University
iufund.iu.edu

See what CB Insights has to offer

Investments

10

Portfolio Exits

1

Funds

1

About Innovate Indiana Fund

The Innovate Indiana Fund has been established to invest in companies originating from a connection to Indiana University and to help those companies achieve commercial success. The fund helps the companies in its portfolio reach a variety of commercial goals using a wide array of tools including, infusions of capital, recruitment of management or additional expertise, market research, next-stage capital and our extensive network of experts in the public and private sector. The $10 million capitalization of the fund is allocated to two specific stage-based strategies, pre-seed, and seed stage investments, meaning, pre-company and company stage respectively.

Innovate Indiana Fund Headquarter Location

351 W 10th Street

Indianapolis, Indiana, 46202,

United States

317-278-1912

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Innovate Indiana Fund

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Innovate Indiana Fund in 1 Expert Collection, including Pharma Startups.

P

Pharma Startups

5,090 items

Pharmaceutical companies working across drug discovery, drug development and drug manufacturing.

Latest Innovate Indiana Fund News

PrecisionHawk Secures $75M in Funding

Jan 24, 2018

PrecisionHawk, Inc. , a Raleigh, NC-based provider of drone technology for the enterprise, raised a $75m round of funding. The round was led by Third Point Ventures, with participation from new investors Comcast Ventures, Senator Investor Group, Constellation Technology Ventures and Syngenta Ventures, among others, and existing investors Intel Capital, Millennium Technology Value Partners, DuPont, Verizon Ventures, a subsidiary of USAA, and Indiana University’s Innovate Indiana Fund. The company, which has raised more than $100m in total funding since being founded in 2010, will use the capital to expand its team, focus on product innovation and make strategic acquisitions. Led by Michael Chasen, CEO, PrecisionHawk is a provider of drone technology for the enterprise to integrate drone data in their business insight captrue processes. The client list includes Fortune 500 companies and market leaders in 150 countries, spanning a range of industries, including agriculture, energy, insurance, government and construction. FinSMEs 24/01/2018

Innovate Indiana Fund Investments

10 Investments

Innovate Indiana Fund has made 10 investments. Their latest investment was in MomentPath as part of their Seed - III on April 4, 2019.

CBI Logo

Innovate Indiana Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/2/2019

Seed - III

MomentPath

$0.15M

Yes

1

5/17/2018

Seed VC - II

Costello

$2.1M

Yes

4

1/24/2018

Series D

PrecisionHawk

$75M

No

10

10/13/2017

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

12/16/2016

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

4/2/2019

5/17/2018

1/24/2018

10/13/2017

12/16/2016

Round

Seed - III

Seed VC - II

Series D

Seed VC

Seed VC

Company

MomentPath

Costello

PrecisionHawk

Subscribe to see more

Subscribe to see more

Amount

$0.15M

$2.1M

$75M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

4

10

10

10

Innovate Indiana Fund Portfolio Exits

1 Portfolio Exit

Innovate Indiana Fund has 1 portfolio exit. Their latest portfolio exit was Costello on November 04, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/4/2019

Acquired

1

Date

11/4/2019

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

Innovate Indiana Fund Fund History

1 Fund History

Innovate Indiana Fund has 1 fund, including Innovate Indiana Fund I LLC.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/30/2011

Innovate Indiana Fund I LLC

Early-Stage Venture Capital

$10M

1

Closing Date

6/30/2011

Fund

Innovate Indiana Fund I LLC

Fund Type

Early-Stage Venture Capital

Status

Amount

$10M

Sources

1

Innovate Indiana Fund Team

1 Team Member

Innovate Indiana Fund has 1 team member, including current Chief Executive Officer, President, Anthony Armstrong.

Name

Work History

Title

Status

Anthony Armstrong

Chief Executive Officer, President

Current

Name

Anthony Armstrong

Work History

Title

Chief Executive Officer, President

Status

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.