# Innovate Indiana Fund: portfolio, investments and team

> Innovate Indiana Fund is a vc firm based in United States. 16 investments on record, latest Mar 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/innovate-indiana-fund (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Innovate Indiana Fund

No cheque observed since Mar 2019, after 16 earlier cheques, and the website is dead.

Dormant VC firm

Seed Series A Series B Banking Electronics Venture Capital & Private Equity

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 16 on record

Since the last cheque **2792** days **00** hrs **00** min **00** sec

Median round **$38M** Rounds led **0 of 16** Sole investor **8 rounds** Mostly in **United States, 100%**

Pitch Innovate Indiana Fund

## Innovate Indiana Fund highlights

- 01 16 rounds on record
- 02 Mostly Seed and Series A: 79% of its rounds
- 03 Sole investor in 8 rounds, median $1.6M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Banking Electronics Venture Capital & Private Equity
- **Based in:** Bloomington, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **16 appearances**

- **2019** 1 round
- **Mar** **[OpenMartech](https://millionrounds.com/company/openmartech)** US · Insideindianabusiness **$1.5M** With 2 others
- **2018** 1 round
- **Jan** **[PrecisionHawk](https://millionrounds.com/company/precisionhawk)** US · FinSMEs **$75M** With 9 others
- **2015** 1 round
- **May** **[MatterFab](https://millionrounds.com/company/matterfab)** Series A · US **$5.8M** With 4 others
- **2014** 5 rounds
- **Nov** **[Weeks Communications](https://millionrounds.com/company/weeks-communications)** Series C · US **Undisclosed** Sole investor
- **Oct** **[Haven](https://millionrounds.com/company/haven)** Seed · US **$1.0M** With 2 others
- **Sept** **[MatterFab](https://millionrounds.com/company/matterfab)** Seed · US **Undisclosed** With 3 others
- **Sept** **[PrecisionHawk](https://millionrounds.com/company/precisionhawk)** Series B · US **$10M** With 3 others
- **Jun** **[amSTATZ](https://millionrounds.com/company/amstatz)** Seed · US **$1.4M** With 4 others
- **2013** 4 rounds
- **Aug** **[PrecisionHawk](https://millionrounds.com/company/precisionhawk)** Series A · US **$1.0M** With 1 other
- **Apr** **[DRIFT Eyewear](https://millionrounds.com/company/drift-eyewear)** Seed · US **Undisclosed** Sole investor
- **Apr** **[Weeks Communications](https://millionrounds.com/company/weeks-communications)** Series B · US **Undisclosed** Sole investor
- **Feb** **[Diagnotes, Inc.](https://millionrounds.com/company/diagnotes-inc)** Series A · US **$1.7M** Sole investor
- **2012** 2 rounds
- **Nov** **[Cause.it](https://millionrounds.com/company/cause-it)** Seed · US **Undisclosed** Sole investor
- **May** **[Courseload](https://millionrounds.com/company/courseload)** Series A · US · sec.gov **$1.6M** Sole investor
- **2011** 1 round
- **Jan** **[Aarden Pharmaceuticals](https://millionrounds.com/company/aarden-pharmaceuticals)** Seed · US · sec.gov **$500K** Sole investor
- **2010** 1 round
- **Oct** **[Apex Therapeutics](https://millionrounds.com/company/apex-therapeutics)** Seed · US **Undisclosed** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Seed Series A Series B

Median round joined **$38M** the round, not its cheque Alone, median **$1.6M**

Led 0 of 16 rounds **0%**

- **Sole investor:** 8 rounds
- **Last cheque:** Mar 2019

Rounds by stage said on their site

- Seed *7*
- Series A *4*
- Series B *2*
- Series C *1*

Cheques by year Led Joined

2010 2019

Often in the room with

- [Bob Young](https://millionrounds.com/fund/bob-young) 2
- [Elevate Ventures](https://millionrounds.com/fund/elevate-ventures-3) 2
- [Kima Ventures](https://millionrounds.com/fund/kima-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as Innovate Indiana Fund. A count of rooms they were both in, not a relationship either has claimed.

[**Bob Young** Angel **2** rounds together](https://millionrounds.com/fund/bob-young)[**Elevate Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/elevate-ventures-3)[**Kima Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/kima-ventures)

## Recently backed

The latest companies Innovate Indiana Fund put money into.

[**PrecisionHawk** $75M · Jan 2018](https://millionrounds.com/company/precisionhawk)

## Quick answers about Innovate Indiana Fund

### What does Innovate Indiana Fund invest in?

Innovate Indiana Fund invests most often at Seed and Series A (79% of the rounds on record), in sectors such as Banking, Electronics and Venture Capital & Private Equity.

### How active is Innovate Indiana Fund?

16 investments on record, 0 of them in the last 12 months. The most recent was in Mar 2019.

### What has Innovate Indiana Fund invested in recently?

Its most recent investments on record: OpenMartech (Undisclosed round, Mar 2019) and PrecisionHawk (Undisclosed round, Jan 2018).

### How big are Innovate Indiana Fund's cheques?

The median round it joins is $38M.

### Does Innovate Indiana Fund lead rounds?

Rarely, if at all: none of its 16 investments on record names it as the lead.

### Where does Innovate Indiana Fund invest?

Most of the companies it backs are in the United States (100%).

### Is Innovate Indiana Fund investing now?

It looks quiet: no investment on record since Mar 2019.

### Who does Innovate Indiana Fund invest alongside?

Most often Bob Young (2 rounds together), Elevate Ventures (2 rounds together) and Kima Ventures (2 rounds together).

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