Indy-based High Alpha Capital launches new $110M fund – TechCrunch

We know that a lot of elements go into the formation of a startup ecosystem. When your city is outside the major coastal technical centers, a deliberate effort is made to bring such a system to the ground. For Indianapolis, Indiana, it began in 2000 with the creation of ExactTarget. When that company was Salesforce was sold for $ 2.5 billion In 2013, it helped bring a bushel cache to the startup system.

Today, a venture capital firm that joins back from that ExactTarget acquisition, High alpha capitalAnnounced a new $ 110 million fund. The company focuses on B2B SaaS startups. Christian Anderson, partner and co-founder at High Alpha, views the fund in the context of an epidemic and changes how businesses are run.

“We are living in a [time] Almost without disruption, which has created a host of challenges for individuals, businesses and society. Despite those challenges (or possibly because) we are more confident and motivated than ever to help support the next generation of founders as they try to change the world through entrepreneurship and technology, ”Anderson he said.

Of course, cash is an important component in any startup system recipe. The founders of Extartarg were flush with it after the acquisition and Scott Dorsey, one of the firm’s founders, says they wanted to build a system from the ground up with education, entrepreneurship, math skills, a pool of engineering talent and of course A system was included to encourage from. , A venture capital firm to run investments.

“I think this recipe is in the form of talent, capital, support and advice. So talent needs to be a sharp focus, which is definitely for us in the High Alpha and Indianapolis market. The other piece is capital, and indie-like. Markets often do not have access to capital and it is important that we are increasing our own wealth, ”he said.

He said, “Thirdly, I think it’s just support and advice and it’s really built to make High Alpha. We have teams with SaaS experts with design, marketing, product engineering, finance and human resources We have 40 – all the centers of excellence that you need to start and scale a SaaS company, ”he said.

The firm is divided into two parts. The first is High Alpha Studios, a type of incubator for truly early-stage founders, and the second is High Alpha Capital, the focus of today’s announcement.

This is the third fund for the company. The first was High Alpha One which cost $ 21 million. The second one, High Alpha Two, was valued at $ 85 million. Combined with today’s announcement, the three funds have a combined total of $ 216 million. While the investment of the first two funds was mostly in the Indy sector, with the latest the plan is to expand beyond the region with at least some investment.

The firm focuses on pre-seeded to B2B SaaS companies through Series A Investment, so it focuses on early stage companies to nurture and learn from their experiences in building Extercargate into a successful company. Can help

The companies he invested in include Attentive, SalesLoft, Zylo, Terminus, The Mom Project, Lessonly, LogicGate, MetaCX and Socio.