State Venture Capital Activity Declines – Inside INdiana Business


Hoosier State is well positioned for a strong year despite a national downturn in venture capital activity in the first half, according to a venture capital activity report released by Indianapolis-based Elevate Ventures. The 1H 2022 Indiana Venture Report shows Indiana generated 88 deals in the first half of the year, compared to 89 in the same period last year.

The report, which provides a mid-year assessment of the state’s venture investing activity, examines national and regional trends in venture capital across sectors, stages and regions.

Additionally, there were 21 later-stage deals, more than the 17 that took place in 2021. Elevate Ventures says the increase in later-stage deals reflects investor confidence in the startup ecosystem. the state and the willingness to invest capital in established companies.

“We are seeing continued interest in the state from investors, but at a more measured pace than what we saw last year,” said Christopher Day, managing director of Elevate Ventures. “It is encouraging to see the geographic and industry diversity represented in Indiana’s venture capital ecosystem. As more talent and investment flow into the state, we are confident it will continue to grow.

The report also revealed that while the number of deals remained relatively unchanged, investment funding increased from $708 million in the first half of 2021 to $304 million in the first six months of 2022. advanced manufacturing companies have seen an increase in venture capital investments, with nine deals in 2022 compared to five in 2021.

The report also revealed that the North Central Indiana region saw strong growth, with $27.3 million invested in 2022.

You can read the full report by clicking here.


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