A new report shows venture capital investment in Indiana jumped in 2017. The PricewaterhouseCoopers/CB Insights MoneyTree annual report shows venture capital firms invested more than $122 million in 35 deals last year, compared to $81.7 million in 37 deals in 2016.
One of the big funding announcements in Indiana last year was On Target Laboratories in West Lafayette, which received $40 million in funding from Johnson & Johnson’s venture capital arm, JJDC Inc. Last year also saw several events that featured pitch competitions for companies to present in front of venture capital firms, such as inX3 and Rise of the Rest.
PwC says nationwide, nearly $72 billion was invested in VC-backed companies in more than 200 fewer deals. The number of deals that topped $100 million hit a record high of 109, up from the previous record of 107 in 2015.
This weekend on Inside INdiana Business with Gerry Dick, Allos Ventures co-founder and Managing Director Don Aquilano will talk about what he calls a potential crisis because of a lack of early-stage capital in the state. You can find out when the show will air in your area by clicking here.