Indiana’s venture capital scene is growing rapidly, and several firms based in the state are leading the charge in fueling innovation and startup growth across diverse industries. From early-stage startups to scaling enterprises, Indiana’s VC firms are providing the capital and mentorship needed for founders to thrive. This article highlights the most active venture capital firms in Indiana, focusing on their leadership, investment activity, and notable portfolio companies. Whether you're a founder looking for funding or just curious about the state’s venture ecosystem, these firms are shaping Indiana’s future in entrepreneurship and technology.

Allos Ventures

• 🏦 HQ: Indianapolis, Indiana, USA

• 👨‍💻👩‍💻 Leadership: David Kerr, John McIlwraith

• 🔢 Number of Investments: 100-150

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: 120Water, 7signal, BlastPoint

BioCrossroads

• 🏦 HQ: Indianapolis, Indiana, USA

• 👨‍💻👩‍💻 Leadership: Vince Wong

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Sabanto, Calibrium, Sexton

Charmides Capital

• 🏦 HQ: Carmel, Indiana, USA

• 👨‍💻👩‍💻 Leadership: Tom Eggleston, Thomas Eggleston, Annie Eggleston

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Bettor Capital, Hyde Park, M25

Elevate Ventures

• 🏦 HQ: Indianapolis, Indiana, USA

• 👨‍💻👩‍💻 Leadership: Toph Day, Matt Tyner Jr.

• 🔢 Number of Investments: 200-300

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: 120Water, Adranos, BabyPlus

Flywheel Fund

• 🏦 HQ: Bloomington, Indiana, USA

• 👨‍💻👩‍💻 Leadership: Eric Steele

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Aerovy, Grantcycle, rScan

HG Ventures

• 🏦 HQ: Indianapolis, Indiana, USA

• 👨‍💻👩‍💻 Leadership: John Glushik, Ginger Rothrock

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: 120Water, Battle Motors, SolarCycle

High Alpha

• 🏦 HQ: Indianapolis, Indiana, USA

• 👨‍💻👩‍💻 Leadership: Scott Dorsey, Kristian Andersen, Mike Fitzgerald, Eric Tobias

• 🔢 Number of Investments: 100-150

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: Airwave, Base, Casted

Sixty8 Capital

• 🏦 HQ: Indianapolis, Indiana, USA

• 👨‍💻👩‍💻 Leadership: Kelli Jones

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: Qualifi, Bloomi, Sunny

Indiana is home to a dynamic and growing venture capital community, with firms like Elevate Ventures, High Alpha, and Allos Ventures making significant investments across sectors such as technology, healthcare, and sustainability. These firms not only provide critical funding but also serve as strategic partners in helping startups scale and succeed. With a strong foundation of leadership and a track record of success, Indiana’s VC landscape is well-positioned to continue fostering innovation and driving economic growth in the region. Whether you're a startup founder or an investor, keeping an eye on these active firms could provide valuable opportunities.