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State of Indiana

Government Non Profit · Founded 2009 · Indianapolis, United States

#141 LP Ranking #2 of 196 LPs

Government administration providing services for Indiana’s citizens

49 VC firms backed
01 · Background

Who State of Indiana is.

Historical Background
The Indiana Affordable Housing and Community Development Fund, also known as the Development Fund, was created in 1989 to finance affordable housing and community economic development projects throughout Indiana. The Development Fund is managed by the Indiana Housing and Community Development Authority (IHCDA), a quasi-agency of the State of Indiana. The Indiana Office of Community and Rural Affairs (OCRA) is another key state entity, which collaborates with various partners to offer resources and technical support for community and economic development initiatives.
Source of Capital
The Development Fund's capital is authorized by Indiana Code 5-20-4, indicating a state-level funding source. The IHCDA also administers federally funded programs, such as the HOME Investment Partnerships Program and the Community Services Block Grant (CSBG). The OCRA is responsible for distributing federal funds for a range of projects, including water infrastructure, public facilities, and blight clearance.
Allocation Strategy
The Development Fund provides financing for affordable housing and community economic development projects. The IHCDA's focus is on the entire spectrum of housing, from homelessness to homeownership, with the goal of promoting self-sufficiency and strengthening communities. The OCRA's allocation is directed towards a variety of projects, including water infrastructure, public facilities, blight clearance, and Main Street revitalization.
03 · Allocation

How State of Indiana’s fund book is spread.

The 49 funds State of Indiana backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters.

  • North America 4286%
  • Europe 510%
  • Rest of world 24%

United States 42 · France 2 · Hong Kong 1 · Israel 1

How established those managers are

Managers grouped by how many funds they have raised — across the 35 of 49 with a fund history on record.

Emerging funds · 11
Established funds · 24
5 1
4 2
2 3
4 4
3 5-6
4 7-9
6 10-14
7 15+
Funds raised by the manager
04 · Direct investments

The companies State of Indiana backs directly.

State of Indiana holds 21 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage.

By countryCount
  1. USA21
By sectorCount
  1. Kids4
  2. Health2
  3. Telecom2
  4. Education1
  5. Event Tech1
  6. Food1
  7. Sports1
By growth stageCount
  1. Early Growth7
  2. Mature7
  3. Breakout Stage4
  4. Late Growth1
05 · Portfolio market map

Inside State of Indiana’s portfolio.

The 17 highest-funded portfolio companies, of 21 tracked.

Surf Internet
Telecom
OrthoWorx
Education
Curvo Labs
Health
$8.0M
Food Bank of Northern Indiana
Kids
Community Harvest Food Bank
Food
Food Bank of Northwest Indiana
USA
Food Finders Food Bank
Kids
Mulberry
Sports
Hoosier Hills Food Bank
USA
Dare to Care Food Bank
Kids
Richmond Main Street Initiative
USA
healthlincchc.org
Health
$120K
Madison Main Street Program
USA
Greenfield Main Street
USA
Main Street Marion
USA
Develop New Albany
USA
Freestore Foodbank
USA
07 · Key people

Key people at State of Indiana.

Source: Dealroom next-gen API — investor team endpoint.