Investment = ‘Gasoline’ For High Alpha, Indy Tech Scene
(Image of Kristian Andersen courtesy of High Alpha.)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA co-founder of Indianapolis-based High Alpha likens Monday morning’s announcement that the company has raised more than $100 million to pouring "even more gasoline" on Hoosier startups. Additionally, Kristian Andersen says High Alpha’s ability to invest outside the state will raise the profile of the Indy tech brand. High Alpha says the money will go to launch the next generations of its venture capital fund and venture studio.
"When we’re in relationships with the best entrepreneurs and the best startups in North America through our investment, that also gives us an opportunity to really highlight what’s happening in the city," he told Inside INdiana Business. Andersen says the hefty investment in High Alpha Studio II and High Alpha Capital II affirms High Alpha’s success after only three years.
"We were really the first to pioneer this venture studio model that connects a startup studio — which is really a company that starts companies — with a traditional venture fund," Andersen said. "We’ve been prolific. The model is working and so this announcement is really exciting because it’s us doubling down. In many way, it’s us quadrupling down. Our first venture fund, High Alpha Capital, was a $21 million fund. This second fund is going to be an $85 million fund, which is a big step up in venture and will certainly make us the largest venture fund operating in the state and really one of the largest funds in Mid-America."
Since its launch in 2015, High Alpha has co-founded 11 companies and made 21 venture investments. You can connect to more about the $100+ million investment in the venture studio and venture capital fund by clicking here.
High Alpha co-founder Kristian Andersen says the hefty investment in High Alpha Studio II and High Alpha Capital II affirms High Alpha’s success after only three years.