About IU Ventures
IU Ventures is a venture capital firm founded in 1997. It is primarily based out of Bloomington, United States. As of Jan 2024, IU Ventures has invested in 67 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Adipo Therapeutics Overall, IU Ventures portfolio has seen 1 IPO and 14 acquisitions including key companies like Sharpen, MBX Biosciences and PrecisionHawk. A lot of funds co-invest with IU Ventures, with names like Elevate Ventures sharing a substantial percentage of its portfolio. IU Ventures has team of 27 people including 8 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
IU Ventures' List of Top Investments
IU Ventures has a portfolio of 67 companies. Their most notable investments are in MomentPath and Joe & Bella.Their portfolio spans across United States and Russia. They have invested in Enterprise Applications, High Tech, Consumer and 24 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by IU Ventures:1. Sharpen
Sharpen is a multi channel cloud contact center solution. It provides a cloud native contact center platform to manage inbound calling solutions for call centers. Offers auto-attendant, skill based routing, ACD, call recording, outbound text messaging. Offers reporting and analytics dashboard for managing incoming calls, agent metrics, FCR rates, average hold time.
Key facts about Sharpen
- Founded Year: 2007
- Location: Indianapolis (United States)
- Stage: Acquired
- Total Funding till date: $55M
- Employee Count: 98 as on Apr 30, 2026
- Investors: Western Alliance Bank, IU Ventures and 9 Others
- Latest Funding Round: Series B, May 03, 2021, $*****
- Highlight: Acquired
2. Mode Mobile
Web3 platform with reward-based game NFTs. It provides games that are integrated into the Blockchain network, which enables players to trade in in-game assets. Its features include play-to-earn and engage platforms, games, and fan rewards.
Key facts about Mode Mobile
- Founded Year: 2017
- Location: Chicago (United States)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.29M
- Employee Count: 49 as on May 27, 2025
- Investors: IU Ventures, Crux Capital and 12 Others
- Latest Funding Round: Seed, May 19, 2025, $*****
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3. Encamp
Encamp provides SaaS-based platform for EHS compliance. The product provides solutions for organizing EHS information like compliance due date, tasks, permissions, emergency contact, and to keep track on the tasks assigned by providing task-related information available. Some of the features included are document repository, EHS calendar, product inventory, and directory of tasks. Some of the partnered companies are Zeiss, Simplot, AS Mark Institute, River Green, and Nutrien.
Key facts about Encamp
- Founded Year: 2002
- Location: Indianapolis (United States)
- Stage: Series C
- Total Funding till date: $59.2M
- Employee Count: 90 as on Mar 31, 2026
- Investors: OpenView, IU Ventures and 5 Others
- Latest Funding Round: Series C, Jun 08, 2022, $*****
- Highlight: Editors' Pick
MBX Biosciences is a developer of drugs for the treatment of rare endocrine diseases. It has developed endocrine drugs including Forteo and Humalog for the treatment of rare diseases. It uses use peptide hormones to regulate many physiological functions including growth, energy utilization, metabolism, gastrointestinal function, and stress responses.
Key facts about MBX Biosciences
- Founded Year: 2018
- Location: Carmel (United States)
- Stage: Public
- Total Funding till date: $216M
- Employee Count: 77 as on Apr 30, 2026
- Investors: Wellington, Deep Track Capital and 9 Others
- Latest Funding Round: Series C, Aug 05, 2024, $*****
- Highlight: Public
5. Boardable
Cloud-based platform for board management. It provides communication and collaboration software for board members. It allows users to manage meetings and associated documents, polls, discussions, and user groups. It comes in three varieties, allowing varying levels of access. In addition, it allows users to create polls and offers document access functionality. It offers a monthly subscription-based revenue model.
Key facts about Boardable
- Founded Year: 2016
- Location: Indianapolis (United States)
- Stage: Series A
- Total Funding till date: $15.1M
- Employee Count: 41 as on Apr 30, 2026
- Investors: IU Ventures, Base10 Partners and 4 Others
- Latest Funding Round: Series A, Jun 10, 2022, $*****
- Highlight: Editors' Pick
IU Ventures' Year-on-Year Investment Trends
IU Ventures has invested in 67 companies over the last 11 years, with an average of 3 new investments annually in the last 10 years. Its most recent first time investment was in Adipo Therapeutics and most recent follow-on round was in Amplified Sciences.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 2 | 1 | 3 |
2022 | 5 | 3 | 8 |
2021 | 5 | 5 | 10 |
2020 | 10 | 2 | 12 |
2019 | 5 | 0 | 5 |
2018 | 2 | 0 | 2 |
2017 | 1 | 0 | 1 |
IU Ventures' Investments by Stage
IU Ventures has made 22 investments in Seed stage with an average round size of $1.15M, 9 investments in Series A stage with an average round size of $2.72M and 1 investment in Series C stage with an average round size of $1M.Stage of entry | No. of Investments |
|---|---|
Seed | 22 |
Series A | 9 |
Series C | 1 |
Note: We have considered here, only first round of investments
IU Ventures' Investments by Sector
IU Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Life Sciences, Consumer, FinTech and High Tech. Notably, it has invested in 57 Tech companies, 47 Enterprise (B2B) companies, 31 Software companies and at least 18 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 12 |
Life Sciences | 7 |
Consumer | 6 |
FinTech | 3 |
High Tech | 3 |
Others | 29 |
Note: We have considered here, only first round of investments
IU Ventures' Investments by Geography
IU Ventures has made most investments in United States (31), followed by Russia where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 31 |
Russia | 1 |
Note: We have considered here, only first round of investments
IU Ventures' recent investments
IU Ventures has not made any investment in 2026 so far.Here are the most recent investments by IU Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 31, 2024 | United States | Seed | 6582 | [+2] | |
Nov 30, 2023 | United States | Seed | 3613 | - | |
Oct 10, 2023 | United States | Seed | 9287 | [+1] | |
Mar 03, 2023 | United States | Seed | 1485 | - | |
Aug 02, 2022 | United States | Seed | 3248 | - |
IPOs and Publicly Listed companies in IU Ventures' Portfolio
1 of IU Ventures' portfolio company became public - MBX Biosciences. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2024 at marketcap of $510MHere are IU Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 13, 2024 | 2019 | Seed | 3458 |
Acquired companies in IU Ventures' Portfolio
14 companies from IU Ventures' portfolio have been acquired. The most recent acquisition was beastcoast in Jan 2025 by M80 for $*****.Here are IU Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 06, 2025 | - | - | 3462 | |
Oct 04, 2024 | Sep 24, 2019 | Series A | 4006 | |
Jun 29, 2023 | Jan 22, 2021 | Seed | 6828 | |
Apr 06, 2023 | - | - | 2353 | |
Mar 15, 2023 | - | - | 9711 |
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Team profile of IU Ventures
IU Ventures has a team of 27 members including 8 Partners, 2 Venture Partners and 7 Principals located in United States. IU Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in IU Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Venture Partner | Indianapolis | - | - | |
Venture Partner | - | - | - | |
Principal | Bentonville | - |
Co-investors of IU Ventures
Over the past 11 years, 129 investors have co-invested in IU Ventures's portfolio companies. This includes funds and angels.
- Invested before IU Ventures: Elevate Ventures, High Alpha and 56 others have invested in rounds before IU Ventures. There are 10 companies where Elevate Ventures has invested before IU Ventures and 5 companies where High Alpha has invested before IU Ventures.
- Top Co-investors of IU Ventures: 37 investors entered a company along with IU Ventures. These include investors like Elevate Ventures (4 companies).
- Invested after IU Ventures: A total of 34 investors have invested in IU Ventures's portfolio after their investments. Top Investors include Flywheel Fund (4 companies), NIH (2 companies) and HHS (2 companies).
Recent News related to IU Ventures
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IU Ventures welcomes Christian Beck as executive in residenceInside INdiana Business•Aug 23, 2024•IU Ventures
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IU Angel Network invests in Indiana-based health care appInside INdiana Business•Feb 22, 2024•IU Ventures, Backline
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IU Angel Network invests in global edtech companyInside INdiana Business•Dec 01, 2023•TrueLeap, IU Ventures
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Plan Forward Raises $2M Seed B FundingFinSMEs•Oct 10, 2023•Plan Forward, Elevate Ventures, IU Ventures, Revere Partners
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Amplified Sciences Secures Additional Funding for Pancreatic Cancer Diagnostic PlatformClayton County Register•Sep 12, 2023•Amplified Sciences, IU Ventures
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IU Ventures invests in retail platform from IU alumniInside INdiana Business•Jul 26, 2023•IU Ventures, IU
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Boardable secures $2.6M in its most recent round led by Base10 Partners and hires Jon Schwander as CFOPR Newswire•Nov 09, 2022•Boardable, Base10 Partners, VisionTech Partners, Collina Ventures and 2 others
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Bloomington startup lands third IU Ventures fundinginvestidollar.com•Jul 13, 2022•Performance Art, IU Ventures
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iink Payments Raises $2.8M in Seed FundingFinSMEs•Mar 21, 2022•iink, Motivate Venture Capital, Green Egg Ventures, CFV Ventures and 2 others
