Indiana companies are off to their best start in five years in terms of venture capital investment dollars. The quarterly MoneyTree report from PriceWaterhouseCoopers and the National Venture Capital Association shows VC firms have pumped more than $50 million into Hoosier businesses during the first two quarters of 2016.
The data for the report comes from Thomson Reuters. Nine deals, the highest number since 10 were registered in the record-holding second quarter of 2000, were struck in the second quarter for a total of $26.1 million, the highest total since the third quarter of last year. Compared to the same quarter in the previous year, VC investments jumped $25 million.
The state’s growing technology sector has been a contributing factor in the more rapid start. The first two quarters of 2015 and 2014 saw totals of $18.6 million and $25 million, respectively.
You can view a graph of Indiana’s data back to 1995 here: