IU Venture Funds Invest in Tech Company

Posted: Updated:
The deadline to submit full proposals is September 9. The deadline to submit full proposals is September 9.
BLOOMINGTON -

An Indianapolis-based tech company has received funding from two Indiana University-related venture funds. The IU Philanthropic Venture Fund and the Innovate Indiana Fund have invested $400,000 in Zio Inc., which focuses on customer insight data analytics.

Zio was co-founded by Chief Executive Officer Angel Morales and IU graduate Reuben Vandeventer, who serves as chief data scientist. The company has created the Customer Insight Marketing Platform for retailers, which Morales says creates insights into customer relationships. 

Morales says the investments from the IU venture funds will allow the company to add to its team and invest in marketing and sales efforts.

"Anytime a leader in Indiana's education and innovation community can be included as a supporter, it is the fuel that helps companies like ours achieve," Morales said. "It's not simply about the funding; it is about a confluence of students, alumni and educators coming together with a common mission of advancing opportunities in high-growth, high-tech markets."

Teri Willey, executive director of the IU Research and Technology Corp. and manager of the IU Philanthropic Venture Fund, says investing in Zio connects the fund with key industry leaders. 

You can learn more about Zio and the investments by clicking here.

  • Perspectives

    • Take Time to Face Reality

      When is the last time that you as a business owner truly stopped for 30 minutes or an hour and truly took some quiet time to reflect on your business? Like most owners, it’s probably been quite some time. We all get busy doing things, working hard, taking care of customers, running the business. But if we don’t take some time each day, week, month or quarter to slow down, we are setting ourselves up for failure. Business leaders and owners need the time to slow down to...

    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

    • (Image provided by the Capital Improvement Board.)

      Indy Alters Plans for Downtown Hotels

      The city of Indianapolis has announced plans to change the framework for a major project in downtown Indy that has sparked controversy. The $120 million project, announced in October 2018, calls for an expansion of the Indiana Convention Center and two new hotels at Pan Am Plaza, which would add about 1,400 rooms. The project has drawn criticism from a group of hoteliers, who have expressed concern of a potential oversaturation in downtown Indy. Indianapolis Mayor Joe Hogsett issued...

    • (Photo Courtesy: Roche Diagnostics)

      Roche VP on List of Influential Women Executives

      An executive with Roche Diagnostics has joined an exclusive list of prominent and influential women, including Oprah Winfrey and Serena Williams.  Cindy Carlisle, Vice President of Human Resources at Roche Indy, was named to Savoy Magazine’s 2019 Most Influential Women in Corporate America. 

    • Shelly Timmons

      IU Health Names New Leader of Neurosurgery

      The Indiana University School of Medicine and IU Health Physicians have named Shelly Timmons to lead the department of neurosurgery. She previously served at Penn State Health Milton S. Hershey Medical Center as vice chair for administration in the department of neurosurgery and director of neurotrauma.  

    • Bank of America Merrill Lynch Adds Mar

      Bank of America Merrill Lynch has named Lucia Mar as senior vice president and the newly created position of Indiana market executive for Global Commercial Banking. She most recently served as market manager for the Greater Tennessee market in business banking. Prior to becoming a market manager, Mar was a senior relationship manager with the healthcare and institutions team.

    • Elanco is headquartered in Greenfield.

      Elanco Finishes Deal on Pet Therapeutics Purchase

      Greenfield-based Elanco Animal Health Inc.(NYSE: ELAN) completed its purchase Thursday of Aratana Therapeutics (Nasdaq: PETX), a pet therapeutics company located near Kansas City. As Inside INdiana Business first reported Tuesday Aratana shareholders voted overwhelmingly in favor of the $245 million deal.