Cincinnati-based Lightship Capital has announced it will move into a new office in the 16 Tech Innovation District in downtown Indianapolis in 2021. Lightship says the move is part of a strategy to have physical presences in Midwest cities to create more opportunities for entrepreneurs in regions who may have been overlooked by the venture capital community.
“We couldn’t be more excited about setting up shop in Indy and becoming a larger force for progress in an already amazing ecosystem” said Brian Brackeen, general partner for Lightship Capital. “Indiana is one of the best states to do business in, and now, with 16 Tech, we have world class facilities to rival any tech campus in the nation. Add the great cost of living and high wages in our industry, and you have a recipe for success for our firms, our investors, and the community at large.”
Lightship will operate from HqO, a 100,000-square-foot innovation hub to be open early next year, and the company says it will be a flexible office space managed by national incubation network 1776.
“We are excited to welcome the Lightship Capital team to Indianapolis and 16 Tech,” said Bob Coy, president and CEO of 16 Tech Community Corp., the nonprofit organization responsible for the development of the district. “Lightship’s strategic and powerful approach to portfolio building – finding and funding underrepresented entrepreneurs – is key to 16 Tech’s vision of building a diverse and inclusive innovation community.”
Financial terms of Lightship Capital’s investment in its new location were not disclosed.