IU Venture Funds Invest in Tech Company

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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.

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