# Top 11 Biotech Startups in Indianapolis by Funding (2026)

> The 11 best-funded biotech startups in Indianapolis, ranked by total funding raised: $260M combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/biotech-startups-indianapolis (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Syndeio Biosciences** Syndeio Biosciences (from the Ancient Greek word "to connect") is a clinical-stage biotechnology company developing therapies to restore and enhance synaptic he](https://millionrounds.com/company/syndeio-biosciences) Syndeio Biosciences (from the Ancient Greek word "to connect") is a clinical-stage biotechnology company developing therapies to restore and enhance synaptic he *Founded* 2025 Indianapolis, United States **$90M** last round May 2025
- 2 [**Renovia** Renovia provides commercial painting, sealants, wood replacement, pressure washing, wet glazing, and tuckpointing services.](https://millionrounds.com/company/renovia) Renovia provides commercial painting, sealants, wood replacement, pressure washing, wet glazing, and tuckpointing services. *Founded* 1999 Indianapolis, United States **$59M** last round Apr 2021
- 3 [**Wellfount** Wellfount is a pharmacy offering tech-enabled dispensing to deliver pharmacy services at the point of patient care inside a facility.](https://millionrounds.com/company/wellfount) Wellfount is a pharmacy offering tech-enabled dispensing to deliver pharmacy services at the point of patient care inside a facility. *Founded* 2006 Indianapolis, United States **$32M** last round Feb 2015
- 4 [**Strand Diagnostics** Strand Diagnostics develops and markets the know error® system which utilizes bar coding and DNA testing to confirm surgical biopsy samples.](https://millionrounds.com/company/strand-diagnostics) Strand Diagnostics develops and markets the know error® system which utilizes bar coding and DNA testing to confirm surgical biopsy samples. *Founded* 2009 Indianapolis, United States **$30M** last round Mar 2012
- 5 [**NICO** NICO develops medical devices for minimally invasive neurosurgery, as well as skull base and spinal surgical procedures.](https://millionrounds.com/company/nico) NICO develops medical devices for minimally invasive neurosurgery, as well as skull base and spinal surgical procedures. *Founded* 2007 Indianapolis, United States **$29M** last round Nov 2018
- 6 [**hc1** The leader in identifying real-time insights and risk signals in complex laboratory data.](https://millionrounds.com/company/hc1) The leader in identifying real-time insights and risk signals in complex laboratory data. *Founded* 2011 Indianapolis, United States **$6.5M** last round Sept 2024
- 7 [**Eskenazi Health** Eskenazi Health provides exceptional and comprehensive healthcare to Central Indiana.](https://millionrounds.com/company/eskenazi-health) Eskenazi Health provides exceptional and comprehensive healthcare to Central Indiana. *Founded* 1859 Indianapolis, United States **$5.0M** last round Jun 2019
- 8 [**Adipo Therapeutics** Adipo Therapeutics is a biotechnology company located in Indianapolis, Indiana.](https://millionrounds.com/company/adipo-therapeutics) Adipo Therapeutics is a biotechnology company located in Indianapolis, Indiana. *Founded* 2017 Indianapolis, United States **$4.7M** last round Dec 2024
- 9 [**EndGenitor Technologies** Founded in 2005, EGT combined the pioneering science of Dr.](https://millionrounds.com/company/endgenitor-technologies) Founded in 2005, EGT combined the pioneering science of Dr. *Founded* 2005 Indianapolis, United States **$2.5M** last round Jul 2009
- 10 [**Grannus Therapeutics** Grannus Therapeutics is a biotechnology company that focuses on the development of small molecule inhibitors for specific isoforms of HSP90.](https://millionrounds.com/company/grannus-therapeutics) Grannus Therapeutics is a biotechnology company that focuses on the development of small molecule inhibitors for specific isoforms of HSP90. *Founded* 2020 Indianapolis, United States **$800K** last round Jan 2024
- 11 [**Kovina Therapeutics** Kovina Therapeutics operates as a pre-clinical biotechnology company.](https://millionrounds.com/company/kovina-therapeutics) Kovina Therapeutics operates as a pre-clinical biotechnology company. *Founded* 2020 Indianapolis, United States **$275K** last round Nov 2022

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back biotech startups in Indianapolis in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More biotech lists

[See all](https://millionrounds.com/top-lists?t=Biotech)

[*IL* *NH* *CS* **Biotech startups in Europe** 1,665 companies · $22B](https://millionrounds.com/top-lists/biotech-startups-europe)[*GV* *IL* *RM* **Biotech startups that raised in 2026** 896 companies · $37B in 2026](https://millionrounds.com/top-lists/biotech-startups-raised-2026)[*IL* *CS* *ON* **Biotech startups in the United Kingdom** 588 companies · $15B](https://millionrounds.com/top-lists/biotech-startups-united-kingdom)[*GV* *RM* *M* **Biotech startups in the United States that raised in 2026** 498 companies · $32B in 2026](https://millionrounds.com/top-lists/biotech-startups-united-states-raised-2026)[*NH* *DT* *E* **Biotech startups founded in 2018** 368 companies · $14B](https://millionrounds.com/top-lists/biotech-startups-founded-2018)[*NR* *LL* *ST* **Biotech startups founded in 2020** 337 companies · $7.0B](https://millionrounds.com/top-lists/biotech-startups-founded-2020)[*E* *ET* *NA* **Biotech startups founded in 2019** 336 companies · $11B](https://millionrounds.com/top-lists/biotech-startups-founded-2019)[*IL* *RB* *VS* **Biotech startups founded in 2021** 275 companies · $12B](https://millionrounds.com/top-lists/biotech-startups-founded-2021)

## More lists for Indianapolis

[See all](https://millionrounds.com/top-lists?r=Indianapolis)

[*F* *M* *PB* **Startups in Indianapolis** 117 companies · $2.4B](https://millionrounds.com/top-lists/startups-indianapolis)[*A* *T* *K* **IT Services startups in Indianapolis** 14 companies · $206M](https://millionrounds.com/top-lists/it-services-startups-indianapolis)[*F* *SC* *TS* **Software startups in Indianapolis** 11 companies · $645M](https://millionrounds.com/top-lists/software-startups-indianapolis)