HALO Wings by $20 Million Mark
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAn Indianapolis-based investment group has surpassed a major funding milestone. During the past five years, HALO Investment Group has invested more than $20 million in Hoosier tech startups. The group says it has worked with companies including TinderBox and Bluebridge Digital. Four investments, worth about $1.5 million, pushed HALO past the mile marker during the first two quarters of 2014. HALO Managing Director Mike Langellier says the investment group focuses on startups gaining market traction. July 28, 2014
News Release
INDIANAPOLIS, Ind. — TechPoint, Indiana’s technology growth initiative, has announced that the angel funding organization HALO Investor Group passed the $20 million mark for investments in Hoosier tech startups over the past five years. The group reached this significant milestone with four investments totaling nearly $1.5 million during the first two quarters of 2014.
HALO Investor Group is a mechanism to bring together many of Indiana’s most successful entrepreneurs, executives and investors with Indiana’s most promising tech startups. Investments typically range from $500,000 to $1 million at a time, with many companies receiving follow-on funding. The focus is on tech startups that have demonstrated market traction.
“What makes HALO special is the opportunity it affords entrepreneurs to get a fairly significant amount of capital from really experienced individuals who can help their businesses grow,” said Mike Langellier, president and CEO of TechPoint and managing director of HALO Investor Group. “It’s a one-stop-shop for both investment and experience, and we’re excited to have added several new expert investors to the group this year.”
During the first half of 2014, HALO Investor Group angels invested or reinvested in the following high-growth companies:
1. Bluebridge Digital
Bluebridge Digital provides an easier, smarter way for businesses to harness the power of mobile. The company pioneered the field of Mobile Apps as a Service with customized, affordable, full-featured mobile apps that help organizations connect with their customers on a daily basis. Learn more at www.BluebridgeDigital.com.
2. AIT Bioscience, LLC
AIT Bioscience is a bioanalytical contract research organization supporting pre-clinical and phase I-III clinical trials. The company provides robust analytical methods, painless sample logistics, rapid sample analyses, and created a new standard for quantitative bioanalytical analysis and drug development. Learn more at www.AITBioscience.com.
3. Emerging Threats
Emerging Threats is a world-leading provider of commercial and open source threat intelligence. Founded in 2003 as a cyber security research community, Emerging Threats has become the de facto standard in network-based malware threat detection. Learn more at www.emergingthreats.net.
4. TinderBox
TinderBox’s leading sales automation software helps businesses own their sales process with data-driven sales documents in the cloud. TinderBox helps clients increase productivity by quickly generating consistent, trackable proposals, presentations, or contracts, learning from prospect engagement, and closing more deals faster. Learn more at www.GetTinderBox.com.
HALO Investor Group members are current and former tech company executives and entrepreneurs who are dedicated to ensuring that promising Indiana startups have access to the capital and expertise they need to grow. Screened and qualified startups present to the angel group every other month. The application process is conducted online through the investment platform Gust, and startups should expect a thorough due diligence examination prior to presenting to the investor group.
Source: TechPoint