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 Upfront Ventures. McCorkle says it’s important for the entire VC ecosystem to be strong. "We need capital local, we need capital national," said McCorkle, who adds that tech successes are increasing expectations for Indy. "For MetaCX to attract LA-based capital at this stage of our execution is significant and I think it speaks to not just the value that we’re creating, but eyes are on Indy."
McCorkle talked about his vision for MetaCX and momentum in the Indiana tech sector during an interview on this weekend’s edition of Inside Indiana Business with Gerry Dick.
As part of the capital raise, Upfront Ventures Partner Kobie Fuller will join the MetaCX Board of Directors. Fuller was the first institutional investor in ExactTarget.
Additionally, High Alpha Managing Partner Scott Dorsey will join the MetaCX board.
McCorkle says MetaCX has been operating in "stealth" mode since January and plans to launch its product in early 2019.