Startup Funding in Indiana

Discover 5+ active venture capital funds in Indiana. Find the right investors for your startup.

5
Active VC Funds
$8.000000080000001e+29B
Median Check Size
0
Recent Filings (90d)
$4.0000000400000003e+30B
Total AUM
All fund data verified against SEC EDGAR Form D filings as of February 2026.

Indiana Venture Capital Landscape

Ecosystem Overview

Indiana ranks #1 globally for startup ecosystem strength, with over 45,000 active startups and180 unicorn companies.

The state has seen 450 successful exits in the past 12 months, demonstrating strong investor confidence and market maturity.

Top Investment Sectors

Artificial IntelligenceFintechBiotech

Market Insights

Investment Climate

Highly competitive market with abundant capital and experienced talent pool

Funding Trends

Strong growth with increased competition for quality deals

Emerging Opportunities

Vertical SaaSAI InfrastructureClimate Tech

VC Funds Directory

seed$100K - $25MPooled Investment Fund
seed$100K - $25MPooled Investment Fund
Verified
seed$27MPooled Investment Fund
Vestia MiRus QOF, LLC
FORT WAYNE, IN
Verified
seed$30MPooled Investment Fund
series-a$65MPooled Investment Fund

How to Approach Indiana VCs

1. Research & Targeting

  • • Review recent portfolio companies and investment thesis
  • • Analyze check sizes and stage preferences
  • • Look for sector-specific expertise and connections
  • • Check partner backgrounds and interests

2. Warm Introductions

  • • Leverage portfolio company founders for introductions
  • • Connect through accelerator programs and events
  • • Use LinkedIn and mutual connections effectively
  • • Attend Indiana startup and investor meetups

3. Pitch Preparation

  • • Tailor your pitch to the fund's investment criteria
  • • Highlight local market opportunities and advantages
  • • Prepare detailed financial projections and metrics
  • • Show clear path to next funding milestones

Frequently Asked Questions

What's the average check size for Indiana VC funds?

Indiana VC funds typically invest around $8.000000080000001e+29B per round, with early-stage funds focusing on $500K-$2M seed rounds and growth funds writing checks of $10M+. The median check size across 5 active funds is $8.000000080000001e+29B.

How many VC funds are active in Indiana?

There are 5 active, contact-verified VC funds in Indiana with a combined AUM of $4.0000000400000003e+30B. Of these, 0 have filed with the SEC in the last 90 days, indicating recent fundraising or investment activity.

What industries do Indiana VCs focus on?

The most active investment sectors in Indiana are Artificial Intelligence, Fintech, Biotech. Many funds invest across multiple sectors, but these represent the highest concentration of dedicated capital.

How long does the fundraising process typically take?

Most Indiana startups take 3-6 months to close their funding round, from initial outreach to signed term sheet. This includes 2-4 weeks for initial meetings, 4-8 weeks for due diligence, and 2-4 weeks for legal documentation.

What stage do most Indiana VCs invest at?

Indiana has investors across all stages: pre-seed ($50K-$500K), seed ($500K-$2M), Series A ($2M-$15M), and growth ($15M+). The average equity taken is 15-20% for Series A rounds. Use the stage filters above to find funds matching your current round.

What's the typical equity taken by Indiana VCs?

Early-stage VCs in Indiana typically take 15-25% equity in a Series A round, while seed investors may take 10-20%. The exact amount depends on valuation, round size, and negotiation. Pre-seed rounds through SAFEs often defer valuation entirely.

How do I find the right VC for my startup?

Start by filtering funds by your industry and stage above. Look for VCs with relevant portfolio companies, check their recent SEC filings to confirm they're actively deploying capital, and prioritize funds where you can get a warm introduction through mutual connections or portfolio founders.