Venture capital activity in Indiana’s tech sector during the second quarter of 2022 seems to indicate the Indiana tech ecosystem is experiencing a more stable performance than the global venture market. In its quarterly investment tracking report, TechPoint says there was more than $166 million invested 24 Indiana tech companies.
The state’s nonprofit tech accelerator says that is the third largest investment period recorded by TechPoint since 2016.
The nonprofit says worldwide venture investment remains “cautious amid economic uncertainty.”
TechPoint Senior Relationship Manager Roger Shuman says most of the Indiana tech companies are emerging and growing at the front end of the overall venture development pipeline, and are “less impacted by the potential decline in national investor interest in mega rounds.”
Shuman says 50% of the Indiana tech company deals recorded were in the “Pre-Seed” or “Seed” stage, with another 33 percent noted as “Early Stage.”
To view the full report, click here.