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Ivy Ventures is a venture capital firm founded in 2022 and based in Carmel, Indiana. The firm was established with the goal of creating a smarter venture ecosystem that connects high-potential founders with the necessary capital and resources to succeed. Ivy Ventures launched publicly in May 2023 with a fund size of $20 million, raised primarily from Midwest-based investors.
The firm currently manages a portfolio of three companies and emphasizes the importance of experienced advisors alongside financial investment. Ivy Ventures aims to provide a comprehensive support system for startups, focusing on innovative technologies that are transforming industries. The firm operates from its office located at 10 West Carmel Drive, Suite 400, Carmel, IN 46032.
As of now, Ivy Ventures has not announced a second fund, but it continues to seek opportunities to invest in early-stage companies, particularly in the Midwest region. The firm is committed to retaining and growing local tech talent by providing founders with access to institutional capital.
Ivy Ventures invests in early-stage companies, specifically targeting the sectors of Enterprise Software, Healthcare IT, and Hard Tech. The firm focuses on seed and Series A stages, with check sizes ranging from $500,000 to $2 million per company. While Ivy Ventures primarily targets companies based in the Midwest, it is open to opportunities across the United States.
The investment strategy emphasizes a founder-first, advisor-led, and capital-backed approach. Ivy Ventures seeks to back extraordinary founders who are developing capital-efficient, high-growth technology companies. The firm aims to build a smarter venture ecosystem that supports innovative technologies transforming industries.
Ivy Ventures has a notable portfolio that includes three companies:
These companies reflect Ivy Ventures' commitment to investing in innovative technologies that are reshaping their respective industries.
Scott Kraege: General Partner and co-founder of Ivy Ventures, Scott is a local entrepreneur with extensive experience in the Indianapolis startup ecosystem.
Mike Reynolds: Co-founder of Ivy Ventures and CEO of Innovatemap, a product design firm based in Indianapolis. Mike brings a wealth of knowledge in product development and market strategy.
John Wortman: Co-founder of Ivy Ventures and CEO of Valeo Financial Advisors, John has a strong background in financial advisory services.
Tina Hafer: Advisor and Executive Partner at Innovatemap, Tina provides mentorship to founders, focusing on product-market fit and customer targeting.
Phil Daniels: Advisor with expertise in venture capital and startup growth strategies.
Josh Garrett: Advisor known for his work in technology and entrepreneurship.
Scott Lingle: Advisor with a background in business development and investment.
Randy Stocklin: Advisor with experience in scaling startups and operational excellence.
To pitch Ivy Ventures, founders should use the preferred channel of their website at ivy.fund or email info@ivy.fund. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and team background. Founders can expect a response within a reasonable timeframe, but specific timelines may vary based on the volume of inquiries.
In May 2023, Ivy Ventures launched publicly with a $20 million fund, focusing on early-stage investments in the Midwest. The firm announced its first three portfolio companies: Native AI, Mobile ReCell Inc., and Learnexus, marking a significant milestone in its establishment.
As of now, there have been no further public announcements regarding additional investments or fund activities beyond the initial launch.
What are Ivy Ventures' investment criteria?
Ivy Ventures focuses on early-stage companies in the sectors of Enterprise Software, Healthcare IT, and Hard Tech. The firm primarily invests in seed and Series A rounds, targeting innovative technologies that are transforming industries.
How can I apply or pitch to Ivy Ventures?
Founders can pitch Ivy Ventures through their website at ivy.fund or by emailing info@ivy.fund. It is recommended to include a detailed pitch deck outlining the business model, market opportunity, and team background.
What makes Ivy Ventures different from other VC firms?
Ivy Ventures emphasizes the importance of experienced advisors alongside financial investment. The firm aims to provide a comprehensive support system for startups, combining capital with access to a network of advisors who can guide founders through various challenges.
What is the geographic scope of Ivy Ventures?
While Ivy Ventures primarily targets companies in the Midwest, it is open to investing in startups across the United States. The firm aims to retain and grow local tech talent by providing access to institutional capital.
What is the typical check size for investments?
Ivy Ventures typically invests between $500,000 and $2 million per company, depending on the stage and needs of the startup.
What kind of post-investment involvement can founders expect?
Founders can expect Ivy Ventures to provide ongoing support through access to experienced advisors, resources, and potential follow-on investments as the company grows.
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