Newest High Alpha Investment Target Has Indy Ties

Posted: Updated:

Indianapolis-based High Alpha is pumping around $1 million into its fifth spinout company. Structural, a human resources software provider is based in St. Paul, Minnesota and has an office and significant connections in Indianapolis.

Since High Alpha's launch in late 2015, it has helped with five startups and its public portfolio now numbers eight companies.

Structural's chief marketing officer is Chip House, the first marketing employee hired by Indianapolis-based ExactTarget (now Salesforce Marketing Cloud) who has recently served as CMO for Four51, a startup in Minneapolis. A spokesman with High Alpha says Structural is in growth mode and could seek additional funding by the end of the year. It currently employs six full-time workers between its Indiana and Minnesota offices, a number that could double in the next six months.

The company's mobile software tracks and aggregates employee profile, interest, performance and personality data to help organizations "find the right connections with the right capabilities at the right time." Scott Burns is chief executive officer. He founded and ran St. Paul-based GovDelivery, which was acquired last year by Vista Equity Partners for $153 million and merged with Granicus.

High Alpha Managing Partner Scott Dorsey, an ExactTarget co-founder and longtime colleague of House, says "when we were growing ExactTarget from a small startup to a global enterprise with over 2,000 employees, we worked hard to build a connected, results-oriented culture. Structural builds on what we learned and uses mobile technology to help employees stay connected and reach their full potential. We are thrilled to have Scott and Chip leading Structural and bringing this technology to progressive workers and leaders everywhere."

You can connect to more about the investment by clicking here.

  • Perspectives

    • Cyber Security: Out of Your Control - or Not?

      Good chance YOU have been a victim of a cyber security attack!  When a company gets hacked, you and other customers become the “victims” of the breach. That puts your identity at risk!  The FTC estimates 9 million Americans are victims of identity theft each year!  What’s the greatest potential for identity theft?  On-line shopping! Yikes!



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • An abandoned East Chicago neighborhood is fenced off for safety. (photo ctsy: The Times of Northwest Indiana)

      New Housing Coming to East Chicago

      The Indiana Housing & Community Development Authority has selected a Chicago nonprofit to participate in a new workforce housing program in East Chicago, according to our partners at The Times of Northwest Indiana. The nonprofit organization A Safe Haven Foundation was awarded a $700,000 grant from the IHCDA that will support the new construction of single-family homes in the West Calumet neighborhood. 

    • A New Way of Thinking for Drug Addiction Recovery

      The long war against drug addiction continues to rage, with the opioid crisis representing the latest front of the battle. As with any long fight, our strategy must change as the forces of death and destruction find new ways to attack those most vulnerable. According to the Centers for Disease Control and Prevention, 68% of the 70,200 drug overdose deaths in 2017 involved an opioid – six times higher than in 1999.

    • (photo courtesy Joseph Pete/The Times of Northwest Indiana)

      ArcelorMittal to Idle Furnace at Indiana Harbor West

      ArcelorMittal plans to idle a blast furnace at its Indiana Harbor West in East Chicago. A spokesperson tells our partners at The Times of Northwest Indiana employees will be reassigned and there will be no layoffs as a result of the move. 

    • Graduates from the 1st cohort for manufacturing at Branchville Correctional Facility (photo ctsy: Dept of Corrections)

      Manufacturing Skills Training for Inmates

      The Indiana Department of Correction is trying to help fill voids in the state’s manufacturing workforce by preparing and training low-risk inmates before they are released. Branchville Correctional Facility in downstate Perry County just graduated its first cohort of the Catapult Training Program, following a four-week course in basic manufacturing skills. The facility is classified as a Level II Low Medium Security Correctional Facility. In an interview with...

    • Calumet Specialty Sells Texas Refinery

      Indianapolis-based Calumet Specialty Products Partners (Nasdaq: CLMT) has closed on the sale of its San Antonio,Texas refinery, crude oil terminal and pipeline to Starlight Relativity Acquisition Co. LLC. Starlight agreed to pay $63 million in cash for the plant, property and equipment.