Indianapolis VC firm closes latest fund

The Indianapolis-based venture capital firm Allos Ventures has recently revealed the closing of its latest fund, the Allos III. Per a company press release, the VC firm will continue to focus on funding B2B software and tech companies in the midwest that are mainly in Series A and Series B funding rounds.

“The human capital in our state and region is incredible, and we have the opportunity to invest in passionate, Midwest entrepreneurs who build innovative and disruptive companies,” said Don Aquilano, co-founder of Allos. “Building startups to financial success has positive, community-wide implications, and we’re proud to continue supporting the ecosystem in Indiana and the Midwest with Allos III.”

With help from a diverse group of fundraisers like Indiana University and the Next Level Indiana Fund, Allos III should have a wide-reaching effect on the next big startups in the midwest region.

“The dynamic of venture funding in our state continues to grow with seasoned investors like the Allos team infusing capital into the market,” said Mark Hill, who also helped raise money as well for Allos. “Our B2B-software community is fortunate to have this experienced team at the helm of one of the most prolific early-stage focused funds in the region.”

Allos was founded in 2010 and continues to be a big influence for startup fundraising in the midwest.