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Indiana

State · United States · Pop. 6.9M

A public taster of the full Indiana ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

632 Pool of Funded Startups
New Startups
152 Annual Startups FoundedAll new ventures
55 Annual Startups FundedReceived investment
get funded 36%
530Startups
208 Pre-Seed Startups$100K–1M
182 Seed Startups$1–4M
Pre-Seed to Seed 38%
140 Series A Startups$4–15M
Seed to Series A 27%
82Breakouts
58 Series B Breakouts$15–40M
A to Series B 24%
24 Series C Breakouts$40–100M
20Scaleups
19 Mega Scaleups$100–250M
reach Mega 3.0%
1 Mega+ Scaleups$250M+
reach Mega+ 0.16%
4Valuation Outcomes
4 Unicorns($1–10B valuation)
reach Unicorn 0.63%
Pre-Seed
208
Seed
182
Series A
140
Series B
58
Series C
24
Unicorn
4

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Largest rounds

Largest funding rounds in Indiana

A live treemap of the largest VC rounds. Each cell is one round into Indiana-headquartered companies, grouped by Dealroom sector.

Largest rounds in Indiana - 2026

Every $15M+ VC round into Indiana-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
Live from Dealroom API Open full VC dashboard

VC investment

How much venture capital flows into Indiana

VC investment into Indiana-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

Indiana's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Indiana.

University-linked startup formation
77
University spinouts
1,594
Total alumni-founded companies
973
Of which startups (<$15M raised)
458
Breakouts ($15M-100M)
163
Scaleups ($100M+)

Location comparison

How Indiana stacks up

Compare Indiana 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.

Michigan
$94.6B
Ohio
$87.1B
District of Columbia
$81.2B
Minnesota
$73.2B
Connecticut
$69B
Tennessee
$68.5B
Delaware
$48.7B
Oregon
$41B
Indiana
$28.9B

Combined enterprise value of each ecosystem.

More data

Explore Dealroom data →
Country United States Country · North America · Pop. 340.1M · #1 country by EV Region North America Continent / region · Pop. 60M · #2 region by EV

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