Top 7 Venture Capital Firms in Indianapolis, IN [2022]

Whether you are raising seed, Series A or higher, in this article we have listed our top picks of the best venture capital firms in Indianapolis, each with their industry focus and investment size.

So, if you haven’t yet started to reach out, here is a good place to start learning about them.

This article is part of a series where we present you the top Venture Capital firms across the US. For the Mid West, check out our rankings for Chicago, Columbus, Detroit, Louisville, Charlotte, Minneapolis and Milwaukee. 
Looking for Indianapolis' top startup incubators and accelerators instead? Check out our ranking here.

Top 7 Venture Capital Firms In Indianapolis

Here’s a summary of our top 7 picks for the best venture capital firms in Indianapolis, Indiana (in alphabetical order):

NameSector focusInvestment stageInvestment rangeInvestments
Allos VenturesB2B Software, Tech-enabled ServicesSeed, Series AUndisclosed36
Elevate VenturesAgriculture, B2B & B2C Tech/Services, Drug Development, Manufacturing/Energy/Defense, Medical Devices/DiagnosticsSeed, Series AUndisclosed374
Heartland VenturesB2B (Real Estate, Construction, Manufacturing, Logistics, Agritech)Seed, Series AUndisclosed13
High AlphaB2B SaaSSeedUndisclosed40
Hyde Park Venture PartnersSaaS, Marketplace, Tech-enabledSeed, Series AUndisclosed52
Midwest VCTechSeedUndisclosed31+
VisionTechAdvanced Materials, Life Sciences, B2B SaaS, Sports Tech, Energy/Electronics, OthersSeed, Series AUndisclosed58

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1. Allos Ventures

Allos is a well-known venture capital firm located in Indianapolis. Apart from that, this venture firm also has a physical presence in Cincinnati. Allos offers Seed and Series A venture funding to startups working in the B2B Software and Tech-enabled Services sectors.

What is interesting is that this venture capital firm does not disclose the exact investment amount anywhere on its website. However, they are always the lead investors in the companies they select for investment.

So far, Allos has invested in 36 companies, some of which are 120Water, 7Signal, Blue Pillar, Carefeed, Docket, Emplify, and GiftHealth, among others.

2. Elevate Ventures

Indianapolis-based Elevate Ventures is one of the most prominent and biggest venture capital firms in Indiana that offers Seed and Series A investments to startups operating in the Agriculture, B2B & B2C Tech & Services, Drug Development, Manufacturing, Energy & Defense, and Medical Devices & Diagnostics sectors.

Unfortunately, Elevate Ventures never clarifies the exact amount it invests in each of its selected companies. What is interesting to note here is that before investing, Elevate Ventures, before investing, spends four months on average with every company that has the potential to grow.

So far, this firm has invested in 374 companies, some of which are Advanced Renewable Power, Adipo Therapeutics, AccuPS, Aqua Spy, Bionode, Best Quote, and Biokorf, among others.

3. Heartland Ventures

Heartland Ventures is a venture capital firm with a physical presence in Indianapolis, Columbus, New York, San Francisco, and South Bend. This venture capital firm offers Seed and Series A funding to companies operating in the B2B segment.

However, Heartland Ventures only focuses on Real Estate, Construction, Manufacturing, Logistics, and Agritech companies. Unfortunately, even Heartland Ventures does not disclose the exact investment amount anywhere on its website.

So far, this venture capital firm has invested in 13 companies, some of which are, StrongArm Tech, Soil Connect, LinkedField, Grabango, and Parspec, among others.

4. High Alpha

High Alpha is better known as a startup studio where they brainstorm and come up with new startup ideas, launch them and invest in them. However, High Alpha also has a venture capital wing under which they fund not only the startups they themselves create, but also the high-potential startups that are founded by others.

This venture capital firm does not disclose the exact investment amount, but they offer Seed investments. Their sole focus is on B2B SaaS companies. They don’t invest in any other vertical or sector.

So far, High Alpha has invested in 40 companies, some of which are Boardable, Attentive, CrowdRiff, Docket, Cured, Orbit, Rise, and Shaker, among others.

5. Hyde Park Venture Partners

Hyde Park Venture Partners has a physical presence in both Indianapolis and Chicago. It is one of the most famous venture capital firms offering Seed and Series A funding to startups working in the Marketplace, SaaS, and Tech-enabled sectors.

This venture capital firm usually looks for companies with fast-growth potential and are in need of first and second-round capital. Unfortunately, the Hyde Park Venture Partners does not disclose the exact investment amount on its website.

So far, Hyde Park Venture Partners has invested in 52 companies, some of which are Avant, Audit Sight, Blooom, Chowly, FarmLogs, Noredink, and ShipBob, among others.

6. Midwest VC

Midwest VC is another venture capital firm operating in Indianapolis. However, this venture firm also has a physical presence in Chicago, Kansas City, Ohio, Minneapolis, Detroit, St. Louis, and Wisconsin.

This firm offers Seed funding to tech companies operating in Indianapolis. Unfortunately, Midwest VC does not disclose the exact investment amount anywhere on its website. What is interesting is that Midwest VC will not invest in unknown or new business models. So, the companies applying for investment must have a know business model that Midwest VC understands.

So far, this venture capital firm has invested in more than 30 companies, some of which are Kin Insurance, JiotBit, LawnLove, AltoIRA, Tarform Motorcycles, Cyberdontics, Boundary Layer Technologies, and Ephmeral Tattoos, among others.

7. VisionTech

VisionTech is yet another popular venture capital firm in Indianapolis. This venture capital firm looks for companies operational in Advanced Materials, Life Sciences, B2B SaaS, Sports Tech, Energy & Electronics, and various other sectors and offers Seed and Series A funding.

Just like every other venture capital firm on this list, even VisionTech does not disclose the exact investment amount anywhere on its website. The amount they invest depends on the stage of a company and also on its needs.

So far, VisionTech has invested in 58 companies, some of which are Nexosome Oncology, SafeKeeping, TrioLabs, Epilogue Systems, HealIonics, and SpinTech, among others.

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