In the first quarter of 2011 Indiana sowed more venture capital deals than Michigan, Ohio and Wisconsin combined. The state turned in one of its five best quarters of all time on the backs of some big time investments into brands which are quickly becoming household names.
In what’s beginning to sound a lot like a broken record, the dominant sectors in Indiana are healthcare and technology. All told $69 million in deals were struck in Indiana in the first quarter including some high profile Internet names like Angie’s List and Cha Cha.
One sobering note is that only six other companies, for a total of 8, received part of that $69 million. Also, Angie’s List accounted for 75% of the total. Not exactly spreading the wealth around, but the state isn’t about to look a gift horse in the mouth.
To read the full, original article click on this link: Indiana Becoming More Than A VC Radar Blip | WiredVC | Venture Capital and Funding News
Author:Joseph Wise
