IU Ventures

IU Angel Network facilitates connections between startup companies and prospective investors among Indiana University’s global community of alumni, faculty, staff, students and friends, to further Indiana University’s mission of fostering a pervasive entrepreneurial culture that contributes to the prosperity of the State of Indiana, the nation and the world.

Tony Armstrong

President and CEO

JB

Jon Barada

VP

MB

Mike Burton

CFO

TW

Teri Willey

MD

48 past transactions

SummaForte, Inc.

Seed Round in 2021
SummaForte, Inc. engages in manufacturing nutritional supplements products for the athletics and wellness industry. It sells its products online. The company was incorporated in 2020 and is based in Bloomington, Indiana.

NuCurrent

Series C in 2019
NuCurrent, Inc. designs, fabricates, and integrates optimal wireless power antennas, surface-mount inductors, and inductive coils. It offers wireless power antennas for low and high frequency systems; and surface-mount inductors for a range of applications, including HF power electronics, converters, invertors, transformers, RF electronics, filters, amplifiers, and frequency synthesizers. The company also offers an alternative to Litz wires; and custom-designed and fabricated prototypes. NuCurrent, Inc. was founded in 2009 and is based in Chicago, Illinois.

Confluence Pharmaceuticals LLC

Venture Round in 2022
Confluence Pharmaceuticals is developing novel therapeutic medications for neurological development disorders. The company's current focus is advancing a novel drug discovery that improves social and communication impairments for individuals with Autism Spectrum Disorders and Fragile X Syndrome.

The Bee Corp

Venture Round in 2022
Bee Corp. develops a beekeeping data analytics and decision-support software and sensor solution. It offers Queen’s Guard, a queen monitoring and management tool comprising a beehive sensor and data analytics software solution. Its solution also analyzes data collected from the temperature sensor placed inside the hive and the sensor through a solar-powered modem; and sends hive data to the company’s database. In addition, its system delivers an alert to the user’s phone/email when the Queen's Guard algorithm detects a pattern, indicating queen loss. Further, the company supports beekeepers and restores honeybee populations to a sustainable level. Bee Corp. was founded in 2016 and is based in Indianapolis, Indiana.

Confluence Pharmaceuticals LLC

Convertible Note in 2020
Confluence Pharmaceuticals is developing novel therapeutic medications for neurological development disorders. The company's current focus is advancing a novel drug discovery that improves social and communication impairments for individuals with Autism Spectrum Disorders and Fragile X Syndrome.

Boardable

Venture Round in 2022
Boardable makes software for nonprofits to boost board member engagement and streamline remote collaboration. Having meetings, voting, discussions, and documents all in one place tames the chaos of managing a board via inboxes and hard drives and speeds things up by connecting members between meetings. With everything in one place, Boardable ensures continuity when board members transition in and out of the organization. The company was founded in 2016 and based in Indianapolis, Indiana.

NERx Biosciences

Seed Round in 2019
NERx BioSciences Inc engages in the discovery and development of therapeutics for cancer. It develops therapeutic agent for treatment of lung and ovarian cancer. The company develops Ku protein inhibitors for treatment of cancer. The company was founded in 2009 and is based in Indianapolis, Indiana.

Kovina Therapeutics

Seed Round in 2021
Kovina Therapeutics operates as a pre-clinical biotechnology company aims to discover a non-surgical, medical treatment for Human Papillomavirus (HPV) infections and cancers.

Mentor Collective

Convertible Note in 2021
Mentor Collective provides a platform that helps universities run mentoring programs. It offers services in the areas of program design and management, mentorship operations, content library, research team, software, and assessment and analytics. The company was founded in 2013 and is based in Boston, Massachusetts.

iink Endorsements

Seed Round in 2022
iink™ believes homeowners and business owners can get their lives back faster after an insured property loss.

Apexian Pharmaceuticals, Inc.

Venture Round in 2021
Apexian Pharmaceuticals, Inc., a clinical stage biotechnology company, develops novel compounds to treat cancer. Its lead drug candidate include APX3330, a oral anticancer agent that targets the APE1/Ref-1 redox protein, a molecule found in many cancers, including tumors of the colon, lung, breast, pancreas, and others. Apexian Pharmaceuticals, Inc. was formerly known as ApeX Therapeutics, Inc. and changed its name to Apexian Pharmaceuticals, Inc. in October 2016. The company was founded in 2007 and is headquartered in Indianapolis, Indiana.

Diagnotes, Inc.

Venture Round in 2020
Diagnotes, Inc., a digital healthcare company, provides a platform to improve communication and collaboration for the healthcare industry. It offers Diagnotes, a clinical communication platform solution that is used for secure communication, provider scheduling, patient data, discussion documentation, patient engagement, and admin and reporting. The company's Diagnotes helps patients, physicians, care teams, hospitals, health systems, and physician practices to facilitate, track, and manage all patient-related communications. Diagnotes, Inc. was incorporated in 2010 and is based in Indianapolis, Indiana.

Amplified Sciences LLC

Seed Round in 2021
Amplified Sciences is a molecular diagnostics company unlike other diagnostics companies due to their ultra-sensitive molecular sensing technology with composition of matter IP exclusively licensed from Purdue University. The technology is disease state agnostic, can detect to the single molecule level, scales easily to point of care, and provides a very favorable cost structure for their platform of reagents. The first application – early detection of pancreatic cancer - is an assay that will quickly prove the investment thesis due to large unmet medical need and a favorable reimbursement path. The team has delivered a working prototype and published proof of concept data.

PrecisionHawk

Series A in 2013
PrecisionHawk Inc. provides drones, sensors, and software packages for agriculture, construction, energy, insurance, and government industries. It offers services in the areas of pilot network, consulting, and training. PrecisionHawk Inc. was founded in 2010 and is based in Raleigh, North Carolina. It has locations in College Station, Texas; Indianapolis, Indiana; Toronto, Canada; Virginia Beach, Virginia; and Denver, Colorado.

Mentor Collective

Seed Round in 2019
Mentor Collective provides a platform that helps universities run mentoring programs. It offers services in the areas of program design and management, mentorship operations, content library, research team, software, and assessment and analytics. The company was founded in 2013 and is based in Boston, Massachusetts.

Stagetime Inc.

Seed Round in 2021
Stagetime Inc. operates an online professional network for the performing arts. Its online network allows artists, agents, and artistic administrators to grow as professionals and maintain relationships by engaging with industry connections, showcasing their media, and interacting with colleagues and collaborators. The company was incorporated in 2020 and is based in Bloomington, Indiana.

NuCurrent

Venture Round in 2021
NuCurrent, Inc. designs, fabricates, and integrates optimal wireless power antennas, surface-mount inductors, and inductive coils. It offers wireless power antennas for low and high frequency systems; and surface-mount inductors for a range of applications, including HF power electronics, converters, invertors, transformers, RF electronics, filters, amplifiers, and frequency synthesizers. The company also offers an alternative to Litz wires; and custom-designed and fabricated prototypes. NuCurrent, Inc. was founded in 2009 and is based in Chicago, Illinois.

Doxly, Inc.

Venture Round in 2018
Doxly develops transaction-management software for law firms. It was built with one simple vision: transform the archaic, chaotic process of managing legal transactions into a streamlined, efficient process. Built by lawyers, for lawyers, the Doxly platform exists to remove frustrations inherent in legal transactions. Doxly helps lawyers deliver better client experiences while building stronger practices. Doxly began operation in 2016. It has its headquarters in Indianapolis in Indiana.

ZIO

Pre Seed Round in 2018
OpenMartech is the originator of Strategic Marketing Modernization - the practice of aligning, mobilizing, and automating marketing programs to realize specific strategic goals and outcomes. Optimizing the value of the shopper lifecycle with the data driven insights that make that possible. OpenMartech provides their client’s their own internal customer intelligence practice, delivered into the client’s own existing cloud, perpetually licensed, free of any ongoing software fees.

Encamp

Venture Round in 2021
Encamp is a computer software company that specializes in environmental compliance automation, hazardous material tracking, and environmental data management. It helps people to understand, manage, and meet environmental compliance. It was founded in 2017 and headquartered in Indianapolis, Indiana.

Tend.ly

Seed Round in 2019
tend.ly is a care relationship management system that helps senior living, adult day service, and early childhood education centers engage the families of the loved ones in their care in an easier, more meaningful way while simultaneously streamlining operations. tend.ly is an easy to use, secure app that allows senior living, adult day service, and early childhood education centers to send families real-time updates via text and email - including pictures & videos - of memorable moments and important activities. In turn, these updates increase family engagement and provide substantial peace of mind. Beyond that, tend.ly allows care providers to spend more time focusing on providing exceptional care, provides them with a way to differentiate themselves in the marketplace and, using the data their app collects, helps them make better-informed business decisions.

SummaForte, Inc.

Pre Seed Round in 2020
SummaForte, Inc. engages in manufacturing nutritional supplements products for the athletics and wellness industry. It sells its products online. The company was incorporated in 2020 and is based in Bloomington, Indiana.

Courseload

Series A in 2012
Courseload, Inc. is an innovative early stage educational software company. Our SaaS offering reduces the cost of most commercially available textbooks and proprietary content by up to 2/3 and provides electronic access to self-generated, open source and fair use educational materials, saving students thousands of dollars over their four year undergraduate careers, while improving both revenue and margin for textbook publishers. Additionally, the Courseload solution offers collaborative teaching and learning capabilities to students and professors that improve learning outcomes as proven by National Science Foundation-sponsored research at a major university. The Courseload solution strongly resonates with those working to make the total cost of college more affordable while enhancing educational results, yielding millions of dollars in aggregate savings to the students of schools each year. Courseload continues its expansion in the higher education and K12 spaces, working with multiple Big Ten schools, private liberal arts and technology universities, community and technical colleges, and the premier K12 school in the State of Indiana. Expansion to other universities, colleges and schools continues

PrecisionHawk

Series B in 2014
PrecisionHawk Inc. provides drones, sensors, and software packages for agriculture, construction, energy, insurance, and government industries. It offers services in the areas of pilot network, consulting, and training. PrecisionHawk Inc. was founded in 2010 and is based in Raleigh, North Carolina. It has locations in College Station, Texas; Indianapolis, Indiana; Toronto, Canada; Virginia Beach, Virginia; and Denver, Colorado.

Sharpen Technologies

Series B in 2013
Sharpen is committed to building software that improves the lives of contact center agents. Its cloud-native platform was built from the ground up free from the anchors of legacy code. With open REST APIs, companies can use the Sharpen platform as the foundation on which to configure solutions to solve their customer service problems. Sharpen has developed a holistic solution designed to eliminate common inefficiencies that ultimately impact the agent, their quality of life, and their ability to provide a perfect customer experience. By creating a platform that addresses the needs of both IT and the contact center, agents are more prepared and better trained to do their job. The result? Happier, more effective agents creating happy, loyal customers.

Haven

Seed Round in 2014
Haven is a free, intuitive mobile app and website that equips homeowners with predictive technology to be better homeowners. It provides value to both do-it- yourself inclined homeowners by providing an individualized reminder and tracking system, as well as homeowners who need help, by providing licensed, insured, pre-vetted service professionals, scheduling services, and accepting payment--all without ever leaving the app. Haven gives homeowners confidence and peace of mind to be responsible and proactive in home maintenance decisions.

Amplified Sciences LLC

Seed Round in 2020
Amplified Sciences is a molecular diagnostics company unlike other diagnostics companies due to their ultra-sensitive molecular sensing technology with composition of matter IP exclusively licensed from Purdue University. The technology is disease state agnostic, can detect to the single molecule level, scales easily to point of care, and provides a very favorable cost structure for their platform of reagents. The first application – early detection of pancreatic cancer - is an assay that will quickly prove the investment thesis due to large unmet medical need and a favorable reimbursement path. The team has delivered a working prototype and published proof of concept data.

Blueprint Stats

Seed Round in 2021
Blueprint Stats is a sports analytics company that transforms game film into performance data.
Apexian Pharmaceuticals, Inc., a clinical stage biotechnology company, develops novel compounds to treat cancer. Its lead drug candidate include APX3330, a oral anticancer agent that targets the APE1/Ref-1 redox protein, a molecule found in many cancers, including tumors of the colon, lung, breast, pancreas, and others. Apexian Pharmaceuticals, Inc. was formerly known as ApeX Therapeutics, Inc. and changed its name to Apexian Pharmaceuticals, Inc. in October 2016. The company was founded in 2007 and is headquartered in Indianapolis, Indiana.

Sharpen Technologies

Series C in 2014
Sharpen is committed to building software that improves the lives of contact center agents. Its cloud-native platform was built from the ground up free from the anchors of legacy code. With open REST APIs, companies can use the Sharpen platform as the foundation on which to configure solutions to solve their customer service problems. Sharpen has developed a holistic solution designed to eliminate common inefficiencies that ultimately impact the agent, their quality of life, and their ability to provide a perfect customer experience. By creating a platform that addresses the needs of both IT and the contact center, agents are more prepared and better trained to do their job. The result? Happier, more effective agents creating happy, loyal customers.

Aarden Pharmaceuticals

Seed Round in 2011
Aarden Pharmaceuticals is a small molecule drug discovery and development company. The company’s novel technology is a chemistry breakthrough that will enable it to make drugs against a previously un-druggable set of intracellular phosphatase (PTP) disease targets. The technology was developed in the laboratory of Dr. Zhong-Yin Zhang, Robert A. Harris Professor and chairman of biochemistry and molecular biology at the Indiana University School of Medicine. Zhang is an internationally recognized expert in the field of protein tyrosine phosphatases (PTPs). Aarden’s first programs are focused on infectious disease, cancer, and metabolic and autoimmune conditions.

Cause.it Inc.

Seed Round in 2012
Cause.it builds digital tools that allow higher education foundations to connect and engage their alumni, build participation and shorten the donor life cycle. Schools are able to send out the Cause.it platform to alums and let them build specific affinity profiles based on their interests. This data allows school foundations to build better engagement with the alums and ultimately enhance their targeted giving campaigns. Cause.it wants to build simplicity into a market that is extremely fragmented and generally tech averse. We want to help schools get away from direct mail and telemarketing fundraising efforts and engage their alums through digital. By combining simplicity and reach, we're able to provide a better experience for alums with their alma mater and ultimately better target fundraising.

Qumulex

Seed Round in 2019
Qumulex Inc. develops software for video surveillance and access control. The company’s product is designed for the security integrator channel. The features of the product include progressive web application (PWA), supports third party and cloud to cloud integrations, end-to-end encryption, each gateway can be accessed directly with full local functionality when a cloud connection is not available, and customers manage all their sites with one login from one place. Qumulex Inc. was founded in 2018 and is headquartered in Fishers, Indiana.

Civic Champs

Seed Round in 2020
We are building a mobile-first platform that automates volunteer management, such as hour tracking, scheduling, engagement, and analytical insights, for service organizations.

PrecisionHawk

Series C in 2016
PrecisionHawk Inc. provides drones, sensors, and software packages for agriculture, construction, energy, insurance, and government industries. It offers services in the areas of pilot network, consulting, and training. PrecisionHawk Inc. was founded in 2010 and is based in Raleigh, North Carolina. It has locations in College Station, Texas; Indianapolis, Indiana; Toronto, Canada; Virginia Beach, Virginia; and Denver, Colorado.

DRIFT Eyewear

Seed Round in 2013
DRIFT Eyewear Co. designs and manufactures eyeglasses. It offers its products through retailers in the United States, Canada, Australia, Costa Rica, Japan, and Korea. The company was incorporated in 2011 and is headquartered in Chicago, Illinois.

Loupe

Seed Round in 2020
Canopy is a platform intended to connect the dots and identifies key opportunities for managers to be proactive. The platform helps to spot pipeline risk, improve forecast accuracy and drive strategic change, enabling their clients to make a consistent and lasting impact on their sales team.

Encamp

Series A in 2020
Encamp is a computer software company that specializes in environmental compliance automation, hazardous material tracking, and environmental data management. It helps people to understand, manage, and meet environmental compliance. It was founded in 2017 and headquartered in Indianapolis, Indiana.

amSTATZ

Seed Round in 2014
amSTATZ is a cloud based software for fitness professionals and studios who want to save time, stay organized and grow client relationships. Unlike traditional fitness business software, amSTATZ streamlines your operations, from a simplified booking & payment process to the workout homework you assign to clients between sessions.

Stagetime Inc.

Seed Round in 2020
Stagetime Inc. operates an online professional network for the performing arts. Its online network allows artists, agents, and artistic administrators to grow as professionals and maintain relationships by engaging with industry connections, showcasing their media, and interacting with colleagues and collaborators. The company was incorporated in 2020 and is based in Bloomington, Indiana.

ZIO

Angel Round in 2019
OpenMartech is the originator of Strategic Marketing Modernization - the practice of aligning, mobilizing, and automating marketing programs to realize specific strategic goals and outcomes. Optimizing the value of the shopper lifecycle with the data driven insights that make that possible. OpenMartech provides their client’s their own internal customer intelligence practice, delivered into the client’s own existing cloud, perpetually licensed, free of any ongoing software fees.

Mentor Collective

Venture Round in 2019
Mentor Collective provides a platform that helps universities run mentoring programs. It offers services in the areas of program design and management, mentorship operations, content library, research team, software, and assessment and analytics. The company was founded in 2013 and is based in Boston, Massachusetts.

Allinaire Therapeutics, LLC

Seed Round in 2018
Allinaire Therapeutics aims to develop novel therapeutics for Chronic Obstructive Pulmonary Disease (COPD) and other pulmonary diseases. The technology is based on the discovery by scientific founders Irina Petrache, MD, and Matthias Clauss, Ph.D. of a novel therapeutic target that plays a central role in the development and progression of lung disease.
DinnerCall is a mobile app that enables users to search, order, and pickup family-style dinner from grocery stores. It was launched by Gerry Hays, Ashton Chaffee, and Akram Mnif in September 2015 and it operates from San Francisco, California.

MatterFab, Corp.

Seed Round in 2014
MatterFab offers a production 3D metal printer solution that removes the limitations of industrial fabrication. Final part production is the fastest growing segment of 3D printing built on equipment designed for prototyping that is not designed to scale. MatterFab provides a scalable production additive manufacturing solution with printers, material supply, traceable powder cartridges, training, education, maintenance services, and application engineering support to accelerate the adoption of additive manufacturing in our client's organizations. Manufacturing has the power to shape the world and MatterFab has the power to reshape manufacturing.

MatterFab, Corp.

Series A in 2015
MatterFab offers a production 3D metal printer solution that removes the limitations of industrial fabrication. Final part production is the fastest growing segment of 3D printing built on equipment designed for prototyping that is not designed to scale. MatterFab provides a scalable production additive manufacturing solution with printers, material supply, traceable powder cartridges, training, education, maintenance services, and application engineering support to accelerate the adoption of additive manufacturing in our client's organizations. Manufacturing has the power to shape the world and MatterFab has the power to reshape manufacturing.

Diagnotes, Inc.

Series A in 2013
Diagnotes, Inc., a digital healthcare company, provides a platform to improve communication and collaboration for the healthcare industry. It offers Diagnotes, a clinical communication platform solution that is used for secure communication, provider scheduling, patient data, discussion documentation, patient engagement, and admin and reporting. The company's Diagnotes helps patients, physicians, care teams, hospitals, health systems, and physician practices to facilitate, track, and manage all patient-related communications. Diagnotes, Inc. was incorporated in 2010 and is based in Indianapolis, Indiana.