updated: 6/23/2011 12:55:00 PM
The angel investor network managed by a statewide technology initiative is investing in an Indianapolis software startup. HALO Capital Group says it has pumped an undisclosed amount of venture capital into software company TinderBox.
June 23, 2011
INDIANAPOLIS — HALO Capital Group, an angel investor network managed by TechPoint, has invested an undisclosed amount of venture capital in TinderBox, an Indianapolis-based software-as-a-service (SaaS) startup.
TinderBox provides a web-based solution that makes it easy for individuals and teams to create, manage, deliver, and track interactive proposals and business communications. Sales and marketing teams of all sizes have been able to streamline their document creation process, utilize rich media at the point of decision, and gain visibility into how prospects interact with their proposals.
HALO (Hoosier Angels Looking for Opportunities) is a group of successful Indiana entrepreneurs seeking to invest in up-and-coming companies, offering capital (typically within the range of $250,000 to $2 million) and management expertise to high-potential start-ups. HALO has invested $17.1 million in Indiana companies in the last 36 months.
Gravity Ventures, an Indiana-based angel capital fund, and eight individual angel investors also joined the financing round.
TinderBox allows users to manage all aspects of document creation including: writing, formatting, management, approvals, and tracking from within one simple interface. Larger teams can seamlessly integrate TinderBox into existing CRM solutions like Salesforce.com, optimizing their team’s workflows and decreasing their time to close new business. TinderBox currently has clients in 7 countries, supporting proposals and documents in 4 languages.
“TinderBox is another in a long line of home-grown Indiana companies that have carved out valuable niches in the sales management and measured marketing space,” said Mark Hill, HALO participant and chair of the TechPoint board of directors.
Jim Jay, president and CEO of TechPoint and managing director of HALO said “We have great confidence in Dustin Sapp — whose track record for building profitable, high-growth companies includes executive roles with Vontoo and NoInk Communications — and his team at TinderBox.”
“TinderBox has consistently grown revenues every month since launching the solution in January, 2010,” said Sapp, Co-Founder of TinderBox. “This round of financing will allow us to maintain a path of aggressive growth, expand our customer footprint and continue to enhance a solution that’s changing the way our customers sell. We are grateful for the confidence HALO has shown in us by making this investment, and we look forward to working with this esteemed group of successful entrepreneurs to build a great company for Central Indiana.”
TinderBox is a rapidly growing Software-as-a-Service (SaaS) company based in Indianapolis, Ind. The TinderBox solution makes it easy for individuals and teams to create, manage, deliver, and track interactive proposals and business communications. Visit www.GetTinderBox.com for more information and sign up for a free trial.
TechPoint is Indiana’s statewide technology initiative focused on growing the tech sector by promoting successes of technology companies and professionals; supporting the formation, expansion, and attraction of technology companies; and advocating appropriate public policy. Visit www.techpoint.org for more information.