Funded Startups in Indiana
Among the 50 most recent Indiana rounds shown, the only disclosed round above the $100M mark is Kite Realty Group Trust’s $300M on 2026-06-30; the next-lar…
Among the 50 most recent Indiana rounds shown, the only disclosed round above the $100M mark is Kite Realty Group Trust’s $300M on 2026-06-30; the next-largest disclosed amount is Surf Internet’s $407M on 2026-03-04, while most other disclosed rounds cluster below $20M (e.g., SecondSight at $12M on 2026-04-17 and BiomEdit at $18M on 2025-07-15). Disclosures also show a clear temporal concentration: 11 of the 50 rounds fall in June 2026 alone (from 2026-06-30 back to 2026-06-02), with Indianapolis appearing repeatedly (Kite Realty Group Trust on 2026-06-30, Arrive AI at $15M on 2026-06-11, and ClusterTruck at $430K on 2026-06-02).
The geography and sector mix skew toward health-adjacent and AI/biotech categories: AI appears in multiple entries across dates (e.g., Arrive AI at $15M on 2026-06-11; Luster at $3M on 2025-10-21; Sortera Alloys at $45M on 2025-11-20), while biotech also repeats (Assembly Biosciences at $115M on 2026-05-22; SpectronRx at $85M on 2026-04-02; Eradivir at $10M on 2025-10-07). Stage classification is frequently non-specific: 34 of 50 rows are labeled “Series Unknown,” and 6 rows are “undisclosed” by amount. The date window spans 2025-06-25 (Mandolin) through 2026-06-30 (Kite Realty Group Trust).
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Frequently asked
What stands out in disclosed deal sizes across the Indiana list, and how does the largest disclosed round compare to others?
The largest disclosed amount is Surf Internet’s $407M on 2026-03-04, which dwarfs the rest of the disclosed rounds (the next-largest disclosed amount is Kite Realty Group Trust’s $300M on 2026-06-30). After those two, most disclosed rounds are far smaller, such as $115M (Assembly Biosciences on 2026-05-22) and $85M (SpectronRx on 2026-04-02).
Is there a tight date cluster in the most recent entries, or are rounds spread evenly?
Rounds concentrate in June 2026: 11 of the 50 entries occur from 2026-06-30 back to 2026-06-02, including Kite Realty Group Trust ($300M on 2026-06-30) and Arrive AI ($15M on 2026-06-11). Earlier months include fewer same-month peaks in this view, such as 2026-05 with multiple entries but not a June-like stack.
Do specific cities over-represent in this list, based on repeated locations?
Indianapolis shows up repeatedly across multiple dates and sectors—for example Kite Realty Group Trust in Indianapolis (2026-06-30), Arrive AI in Indianapolis ($15M on 2026-06-11), and ClusterTruck in Indianapolis ($430K on 2026-06-02). Other cities appear but with less repetition in the 50-row slice, like Fishers (Levisonics Inc at $20K on 2026-05-18 and BiomEdit at $18M on 2025-07-15).
How dominant are non-specific stage labels like “Series Unknown” compared with named stages?
Stage is frequently non-specific: 34 of 50 rows are labeled “Series Unknown,” including Kite Realty Group Trust (2026-06-30, $300M) and Assembly Biosciences (2026-05-22, $115M). Named stages do appear—e.g., Ateios is “Series A” at $7M on 2026-03-23 and Quantasonix Technologies is “Seed” at $2M on 2026-05-12—but they are less common than “Series Unknown.”
Are there outliers in disclosed amounts beyond the top two, such as unusually small disclosed rounds?
Yes. The smallest disclosed amount in the dataset is $10K for Mary T. Klinker Veteran Center (2026-06-13), and similarly low disclosed amounts include $10K for Greater Lafayette Career Academy (2026-06-12). These are extreme relative to the large-ticket rounds like Surf Internet’s $407M (2026-03-04) and Kite Realty Group Trust’s $300M (2026-06-30).
What sector patterns show up repeatedly, and are they associated with particular size ranges?
AI appears in multiple entries across both early- and late-dated rounds (e.g., Arrive AI at $15M on 2026-06-11; Quantasonix Technologies at $2M on 2026-05-12; Luster at $3M on 2025-10-21; Sortera Alloys at $45M on 2025-11-20). Biotech also repeats (Assembly Biosciences at $115M on 2026-05-22; SpectronRx at $85M on 2026-04-02; Eradivir at $10M on 2025-10-07), with several large disclosed rounds in the same general range as the dataset’s upper band (well above $20M in multiple cases).
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