Indianapolis-based High Alpha has launched its next phase with a more than $100 million boost from investors. The funds fuel the creation of High Alpha Capital II, an $85 million venture fund, and High Alpha Studio II, a venture studio focused on cloud-based startups that received $16.7 million from San Francisco-based Emergence Capital. The capital raised for the new fund and studio will build on the High Alpha portfolio, which has supported the co-founding of 11 enterprise cloud companies and 21 venture investments since its founding in late 2015.
High Alpha says the venture studio will be one of the largest in the world.
High Alpha Managing Partner Scott Dorsey says "three years ago, we pioneered the venture studio model by combining a startup studio with a venture capital fund. With the support of amazing investors like Gordon Ritter from Emergence Capital, Brad Feld from Foundry Group and numerous limited partners in our venture fund, we are doubling-down on our initial vision and making sizeable investments in design, engineering, data science and corporate innovation resources."
High Alpha Capital I has supported startups and scale-ups including G2 Crowd, Narvar, SalesLoft, When I Work, Integrate, Terminus, DroneDeploy, Lessonly, Zylo and Sigstr. In addition to Dorsey, the High Alpha team includes leaders like Eric Tobias, Kristian Andersen and Mike Fitzgerald. Andersen will be featured this afternoon in the INside Edge enewsletter and Tobias is scheduled to appear this weekend on Inside INdiana Business with Gerry Dick.