Indianapolis has a growing reputation as a great place to build a company, and its local investment scene is a big reason why. Some firms are especially active, like Elevate Ventures with over 250 investments and High Alpha with more than 130.
The city's investors support a wide range of ideas, from B2B software to life sciences. For founders looking for capital, there are plenty of great options to consider.
Below is our list of the best 5 VC firms in Indianapolis.
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Buy It For $97 $297 →High Alpha builds and scales B2B SaaS companies through its venture studio model. They provide early-stage and seed startups with both capital and hands-on services in areas like design, finance, and marketing to accelerate their path to enterprise scale.
| Year Founded | 2015 |
| Founders | Brian Bispala, Eric Tobias, Kristian Andersen, Mike Fitzgerald, Scott Dorsey |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 134 (37 as Lead Investor) |
| Nº of Exits | 26 |
| Contact | info@highalpha.com / 317-777-6760 |
BioCrossroads advances Indiana's life sciences sector by investing in promising early-stage startups and building new enterprises. They connect corporate, academic, and philanthropic partners to strengthen the industry, aiming to improve global patient health and the state's economic well-being.
| Year Founded | 2002 |
| Founders | — |
| Investment Stage | Convertible Note, Early Stage, Seed |
| Nº of Investments | 24 (3 as Lead Investor) |
| Nº of Exits | 4 (1 IPO'd) |
| Contact | 317-238-2450 |
Investing at the seed stage, Sixty8 Capital backs founders from diverse communities often overlooked by traditional venture capital. Powered by Allos Ventures, they give portfolio companies access to a network with decades of experience.
| Year Founded | 2019 |
| Founders | Kelli Jones, Paul Ehlinger |
| Investment Stage | Seed |
| Nº of Investments | 16 (1 as Lead Investor) |
| Nº of Exits | 2 |
| Contact | weare@sixty8.capital / 317-663-9382 |
As a not-for-profit, they provide capital and hands-on support to nurture high-potential businesses across Indiana. Their long-term partnership model focuses on building sustainable companies that strengthen the state's economy and talent pool.
| Year Founded | 2010 |
| Founders | Christopher Day, Ting Gootee |
| Investment Stage | Convertible Note, Early Stage, Grant, Late Stage, Seed |
| Nº of Investments | 265 (123 as Lead Investor) |
| Nº of Exits | 26 |
| Contact | info@elevateventures.com / 317.975.1901 |
HG Ventures backs early to growth-stage companies creating new technologies in advanced materials, transportation infrastructure, and environmental services. As the venture arm of The Heritage Group, they connect startups like Romeo Power with the parent company's deep operational expertise and research capabilities.
| Year Founded | 2018 |
| Founders | — |
| Average Check Size | $10M |
| Industries | Internet & Mobile, Climate & Sustainability, IoT, Fintech, AI & ML, Transportation, Industrial, Infrastructure, Energy |
| Investment Stage | Early Stage, Initial Coin Offering, Late Stage, Seed, Growth |
| Nº of Investments | 45 (17 as Lead Investor) |
| Nº of Exits | 3 (1 IPO'd) |
| Top Portfolio Startups | Romeo Power Technology, 120 Water, Valerran |
| Contact | (317) 872-6010 |