The average amount of venture capital flowing into Indiana companies per deal is the lowest in the Midwest and among the lowest in the country, a reality that has some tech leaders concerned that emerging high-growth companies might not be getting sufficient funding.
Hoosier companies drew in about $2.5 million per deal in 2016, according to the PwC/CB Insights MoneyTree report, which ranked the state 39th among 50 U.S. states and the District of Columbia. The four states bordering Indiana—as well as Wisconsin, Minnesota, Iowa and Missouri—all
Image: Indianapolis-based Lessonly, which develops team-learning software, completed a $5 million Series A financing round a year ago, thanks to Boston-based venture capital firm Open View Partners. (IBJ photo/Eric Learned)
