Indianapolis
Metro area · United States · Pop. 2.1M
Enterprise value
How much Indianapolis’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Indianapolis, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
VC investment
How much venture capital flows into Indianapolis
VC investment into Indianapolis-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Startup funnel
Indianapolis's startup funnel
Companies headquartered in Indianapolis at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
Quarterly report
Indianapolis's latest quarter in venture capital
VC raised by Indianapolis-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Indianapolis-headquartered companies…
Largest rounds
Largest funding rounds in Indianapolis
A live treemap of the largest VC rounds. Each cell is one round into Indianapolis-headquartered companies, grouped by Dealroom sector.
Largest rounds in Indianapolis - 2026
Academia
Indianapolis's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Indianapolis.
Location comparison
How Indianapolis stacks up
Compare Indianapolis with peers from the same country (United States) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top cities in United States ranked by combined EV. Indianapolis's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Bay Area | $20.1T | 8.0× | 895 | $158B | 24.9K |
| 2 | Seattle | $2.9T | 4.5× | 70 | $6.8B | 2,986 |
| 3 | Austin | $2T | 13.7× | 60 | $7.9B | 2,740 |
| 4 | New York City | $1.5T | 5.0× | 325 | $32.2B | 16.7K |
| 5 | Los Angeles | $1.2T | 5.6× | 166 | $17.7B | 8,740 |
| 6 | Boston | $1.2T | 4.4× | 211 | $13B | 6,390 |
| 7 | Miami | $684B | 11.9× | 43 | $3B | 2,955 |
| 8 | San Diego | $326B | 5.0× | 64 | $3.4B | 2,247 |
| 9 | Washington DC | $285B | 3.4× | 62 | $4.3B | 2,576 |
| 10 | Chicago | $264B | 3.7× | 54 | $2.3B | 2,848 |
| 11 | Dallas | $225B | 4.1× | 48 | $2.1B | 2,078 |
| 45 | Indianapolis | $16.3B | 2.5× | 3 | $200.6M | 498 |
More data
Explore Dealroom data →Get the full Indianapolis ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.