[ad_1]
INDIANAPOLIS (Inside INdiana Business) – Indianapolis-based High Alpha has launched a third venture capital studio, which it says will help accelerate the creation, launch and scale of new start-ups. The company says High Alpha Studio III has raised $ 18 million from San Francisco, Colorado-based Emergence Capital and Foundry Group, both of which are regular investors. High Alpha Managing Partner Scott Dorsey says the new corporate studio is a validation of the company’s work over the past six years, which includes the launch of more than 30 software-as-a-service companies. .
In an interview with Inside INdiana Business, Dorsey said the new venture capital studio will drive growth in Indiana’s tech industry.
“I think this shows just how much opportunity there are for new technologies and the trends we see in work and productivity and the underlying technologies like AI and data science,” Dorsey said. “We are living in such an exciting time to come up with new ideas where technology can make a difference and I think we are proving that a lot of these companies can be created in a market like Indianapolis where we can really put together that right mix of talent, talent and talent. capital and expertise to launch these small businesses and hopefully grow into category businesses that can truly stand the test of time.
Dorsey said the goal of the new corporate studio is to launch an additional 15-20 SaaS startups over the next three years. Dorsey says new ideas are evaluated every week to find potential solutions that a new business could create.
“We run a really robust pipeline and have a great team that is always finding new ideas and new concepts,” he said. “We think about what the world of work looks like in five, 10 or 20 years, and then we come up with ideas that we think we can use and implement today. Were [also] always on the lookout for talented local, national and international founders who want to start new businesses and make a big difference in the world.
High Alpha describes the venture capital studio model as a combination of startup creation and venture capital funding. Dorsey says the model provides a unique support system for founders.
“We are 40 to 45 in the team and we step in from the start, from the creation of the company, and give this small founding team – 2 or 3 founders – a really strong support system for key functions like HR and recruiting, finance and accounting, product design, website design, marketing, so that a start-up team of 2-3 people can feel like they have the muscles and resources to a team of 25 people from the start.
Following this investment, Carlotta Siniscalco of Emergence Capital and Jaclyn Freeman Hester of Foundry Group will join the board of directors of High Alpha.
“The High Alpha team is made up of incredibly talented entrepreneurs and operators as well as wonderful humans,” Hester said in a press release. “Their track record speaks for itself as they continue to prove that the venture capital studio model will be one of the main avenues for starting high growth technology companies in the future. “
The launch of High Alpha Studio II comes less than a year after the company closed its $ 110 million from third venture capital fund, High Alpha Capital III.
[ad_2]
Source link