An important funding partner of two growing Indianapolis tech companies will be honored this month at the 18th annual TechPoint Mira Awards. Ann Arbor-based Plymouth Growth Partners and Partner Jeff Barry will be recognized as Investor of the Year at the April 29 event in Indianapolis. The firm last year closed on more than $5.7 million in funding for Internet of Things systems provider ClearObject and cloud solutions integrator Kinney Group. TechPoint Chief Executive Officer Mike Langellier says Indiana’s tech sector depends on money, experience and connections from out-of-state venture capital firms.
Mira judges say the firm’s positive working relationships with Indiana companies and its dedication to help the state’s tech sector grow were major factors in the selection. Plymouth Growth Partners specializes in Midwest tech companies, specifically in the areas of software, advanced manufacturing, telecommunications and medical devices.
ClearObject (formerly CloudOne) Chief Executive Officer John McDonald says the partnership with Plymouth Growth Partners has been a "significant turning point" for the company. He says the relationship has also led the firm to become more active in the state’s venture scene. ClearObject announced the funding last year.
Kinney Group CEO Jim Kinney says it is "difficult to overstate" the impact that a firm pumping $10 to $20 million in Midwest technology investments can have. Kinney Group recently announced the $6 million round of funding that included Plymouth
The 18th annual TechPoint Mira Awards are set for Saturday, April 29 at The Westin Indianapolis. Winners will be announced in more than one dozen tech categories at the sold-out event.
Barry says he would like to see his firm invest in more regions of Indiana.