Case Contest Boosts Indy Tech Biz

Posted: Updated:
Christopher Day is co-founder and CEO of DemandJump. Christopher Day is co-founder and CEO of DemandJump.
INDIANAPOLIS -

Last year's Rise of The Rest venture competition, which made a stop in Indianapolis, is being credited as a catalyst for a Hoosier technology company landing a $6 million round of funding. Indianapolis-based DemandJump Inc. Chief Executive Officer Christopher Day says his team followed up with Revolution LLC, the Washington D.C. venture capital firm behind the competition co-founded by former AOL CEO Steve Case, and received its Series A round support. Other investors include Kansas-based Flyover Capital Partners LLC, Cultivation Capital of St. Louis, California-based 4G Ventures, Bob Davoli of Boston's Sigma Prime Ventures and Chicago-based Hyde Park Venture Partners, which has an office in Indianapolis.

In an interview with Inside INdiana Business, Day said the investment represents "another feather in the cap" for the state's tech scene. "I believe 100 percent that Indiana is absolutely the nation's nucleus," he said. "We are ranked number one in the nation for the best place to start a tech (company) and this is just one more example of why we are." The investment round, Day says, will help grow its customer acquisition platform by beefing up its sales and marketing team.

DemandJump was among the companies that delivered pitches to Rise of the Rest last year. The winner was Zionsville-based 120WaterAudit, which took home a $100,000 investment comes from the competition designed to boost young companies in traditionally overlooked cities. To date, the three-year-old DemandJump has been awarded around $8.6 million in seed and Series A funding.

  • Perspectives

    • Young Adults—On the Road to Financial Success or Disillusionment?

      A recent financial literacy survey conducted by Charles Schwab discovered some interesting findings about how young adults (ages 16 to 25) view their current and future financial well-being. Overall, they’re optimistic. But should they be? Inheritance Coming? Don’t Count on It! You may have heard there’ll be a major shift in wealth to the millennial generation as more baby boomers approach retirement. But if you’re a young adult, don’t celebrate...

    More

Subscribe

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

Events



  • Most Popular Stories

    • McCorkle: 'Eyes Are on Indy'

      The chief executive officer of Indiana’s newest software company believes momentum in the state’s technology sector is attracting added interest---and capital---to the state. Former Salesforce Marketing Cloud CEO Scott McCorkle last week announced that MetaCX, a Software-as-a-Service platform that helps clients and businesses organize and manage their SaaS providers, had raised $14 million, the bulk of it from Los Angeles-based early-stage venture capital firm...

    • Young Adults—On the Road to Financial Success or Disillusionment?

      A recent financial literacy survey conducted by Charles Schwab discovered some interesting findings about how young adults (ages 16 to 25) view their current and future financial well-being. Overall, they’re optimistic. But should they be? Inheritance Coming? Don’t Count on It! You may have heard there’ll be a major shift in wealth to the millennial generation as more baby boomers approach retirement. But if you’re a young adult, don’t celebrate...

    • Purdue Board Makes Several Approvals

      The Purdue University Board of Trustees has made key approvals for several efforts throughout its statewide network. The board voted to keep room and board rates flat for its three physical campuses and also to accept a $30 million gift to fund the renovation of the Union Club Hotel.

    • Mascot Hall of Fame Hires Executive Director

      As finishing touches are underway on the Mascot Hall of Fame an executive director and full-time staff have been hired. Orestes Hernandez will serve as executive director of the Whiting-based museum. Hernandez formerly was vice president of business development at the Coral Gables Museum near Miami. He also worked over 15 years with the Miami Marlins and the PGA Tour.  

    • St. Vincent Names Manas Regional President

      Julie Manas has been selected to serve as regional president of the St. Vincent North Region, which includes St. Vincent Anderson, Carmel, Fishers, Kokomo, Mercy, Randolph and Williamsport hospitals. She has more than 30 years of healthcare experience and most recently comes from Hospital Sisters Health System, Western Wisconsin Division, where she held the role of president and chief executive officer.