TLDR:
– Indiana’s tech sector saw a significant increase in venture capital investment in the second quarter, with $216 million invested through 48 deals, marking a 360% increase over the same period in 2023.
– The majority of investments were in life sciences and artificial intelligence/machine learning, but investments were also made in other sectors such as agbioscience and tech services.
Indiana’s tech sector experienced strong growth in venture capital investment during the second quarter of 2024, with a total of $216 million invested through 48 deals. This marks a 360% increase from the same period in 2023. The increase in VC deals in Indiana suggests a growing interest and diversification in the state’s startup ecosystem, despite broader financial headwinds nationally. The majority of investments were in life sciences and artificial intelligence/machine learning markets, but funding was also allocated to other sectors such as agbioscience, tech services, and software-as-a-service. The majority of deals involved investments in startups at the pre-seed stage, and among the largest deals were a $58.3 million investment in AZIsotopes and a $44.4 million investment in Sortera Technologies.
