Capital Infusion Boosts SmartFile

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(Image courtesy of SmartFile) (Image courtesy of SmartFile)

An Indianapolis-based file sharing technology company has received a $1.1 million venture capital boost. SmartFile says the investment, led by Indianapolis-based VisionTech Partners LLC and Elevate Ventures, will be used to continue growth and further develop its platform.

Chief Executive Officer John Hurley says "we plan to use these funds as a catalyst to accelerate growth of our business through hiring tech talent, product development and marketing initiatives. Funds coming from partners in the Midwest are important to us, as this strategy drives accountability. As growth continues, we'll also look to expand our presence in both downtown Indianapolis and within the local tech community."

The company says this year it has already expanded its development team by 50 percent. SmartFile's customer base totals more than 1,500 in some 80 countries, including Bloomington-based Cook Medical, the NCAA, which is headquartered in Indianapolis and BMW.

In June, SmartFile announced the addition of tech industry veteran and VisionTech general partner Don Scifres as president, a newly-created position.