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Heartland Ventures closes $52M investment fund – Indianapolis Business Journal

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Heartland Ventures closes M investment fund – Indianapolis Business Journal


Heartland Ventures, a Columbus, Ohio-based enterprise capital agency with a novel enterprise mannequin—and powerful ties to Indianapolis—has closed on its $52 million second funding fund.

Heartland, which opened its Indianapolis workplace in 2019 and has two of its 9 staff right here, additionally has workplaces in South Bend, San Francisco and New York Metropolis.

The agency’s enterprise technique is to safe investments from established Midwestern corporations in a wide range of industries, then use that funding to spend money on startup tech corporations which might be growing merchandise that might profit these buyers. One other aim is to lure a few of these startups—a lot of that are primarily based on the coasts—to ascertain native workplaces to allow them to be near their Midwestern clients.

“All of our buyers are enterprise homeowners in Indiana and Ohio,” mentioned Heartland Ventures’ Managing Director Max Brickman, a Wisconsin native who graduated from Indiana College’s Kelley Faculty of Enterprise and now lives within the Columbus, Ohio, space.

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Brickman mentioned Heartland’s buyers embody privately held corporations in a wide range of industries, together with Indianapolis-based building agency Shiel Sexton Co., Indianapolis-based gear producer Wooden-Mizer, Indianapolis-based Denison Parking and Fishers-based structure and engineering agency RQAW Corp., amongst others.

Heartland closed its first funding fund, a $15 million fund, in 2017. The entire Fund I buyers got here again to spend money on Fund II, and a few new buyers additionally joined for Fund II, Brickman mentioned.

Fund II closed earlier this yr, however Heartland didn’t announce the fund’s closure till this week. Fund II was oversubscribed, which means that it exceeded its unique fundraising aim. “We had been focusing on $40 million for Fund II, Brickman mentioned.

Heartland’s buyers additionally assist form the agency’s funding technique. About half of the agency’s employees focuses on working with its Indiana and Ohio buyers to know their operations and the issues they’re going through. Then this info is shared with Heartland’s California and New York Metropolis staff, who scout for investments that match the buyers’ wants.

In lots of instances, Brickman mentioned, Heartland capabilities as an extension of its buyers’ analysis and growth efforts.

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“There’s an enormous quantity of alternative in mainly bridging expertise and business to offer a sooner suggestions loop between the 2,” Brickman mentioned.

The enterprise agency sometimes invests between $500,000 and $2 million on the seed or Sequence A ranges. It expects to make 20 investments over the following 4 years and has already invested in a number of corporations: autonomous forklift firm Third Wave Automation, parking platform Parkade and construction-focused enterprise growth platform ProjectMark.

Heartland’s technique has already proven outcomes, Brickman mentioned. A couple of examples:

—Shiel Sexton is working with Heartland portfolio firm Firmus Ltd., a Tel Aviv, Israel-based startup. Firmus expertise can scan building drawings to uncover design errors, serving to clients keep away from building delays and rework.

—Wooden-Mizer is working with Heartland portfolio firm StrongArm Applied sciences Inc., a Brooklyn, New York-based firm whose wearable expertise helps industrial employees keep away from accidents.

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—Heartland portfolio firm Soil Join, a startup primarily based on Lengthy Island, New York, entered the Indianapolis market earlier this yr. The corporate presents a digital market to attach patrons and sellers of soil, aggregates and different constructing supplies.



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Colts players and coaches speak on Samson Ebukam's injury

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Colts players and coaches speak on Samson Ebukam's injury


WESTFIELD, Ind. (WISH) — The Colts lost a major contributor to last year’s defense to injury, Samson Ebukam, who suffered a torn Achilles’ at training camp on Sunday.

Ebukam led the team in sacks last season with 9.5.

Colts head coach Shane Steichen talked about Ebukam’s injury on Tuesday after practice.

“That’s a tough break for us,” Steichen said. “I mean, what a great competitor he is. The sacks he had last year, and he was just continuing in the right direction. So, big blow there but guys have got to step up.”

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Fortunately for the Colts, they have a lot of depth at defensive end. Kwity Paye, Dayo Odeyingbo, and Tyquan Lewis combined for 20.5 sacks last season for the Colts. Plus, they drafted Laiatu Latu in the first round of the 2024 NFL Draft.

Ebukam and Latu built a strong bond in the past few months since Latu was drafted.

“That’s my big bro,” Latu said. “So, I was learning a lot from him. He’s been like a big brother to me since I got here, even before. I watch a lot of film on him. He’s just been somebody that I really look up to. So, I really just want to go out here and play for him and be able to do what he does on the field so that it doesn’t feel like we’re missing a link.”

With the loss of Ebukam, Steichen said that the reps are likely going to pick up for the rest of the guys at defensive end. But, he said they’re going to have be smart about it during training camp.

While Latu has been really impressive so far in training camp, Steichen also had great things to say about Lewis for the depth that the Colts have at the position.

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“He’s tremendous for us,” Steichen said. “He’s been here for a while. Just the way he goes about his business every single day, the way he rushes the passer. I mean, he’s a leader in that room for a reason and we’re extremely excited to have him.”

“We still have a lot of great leaders in that room,” Lewis said. “We know that we have a void to fill. He (Ebukam) was our sack leader last year, but we’re going to come in waves. We all stick together as one.”

The Colts return to practice at training camp on Wednesday from 10-11:30 a.m.



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Indy ambulances now place overdose reversal drug in hands of most vulnerable

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Indy ambulances now place overdose reversal drug in hands of most vulnerable


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INDIANAPOLIS — People who are most vulnerable to a drug overdose will now have medication that saves lives delivered directly to their hands. 

Indianapolis EMS medics responding to an overdose will offer kits to patients, their families, friends or bystanders. The kits include two doses of intranasal naloxone, a resource card with a QR code to the program’s webpage, how to sign up for text alerts about an overdose surge in Marion County and educational materials on recognizing an overdose and administering naloxone.  

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The initiative is part of the “Naloxone Leave Behind” project, in tandem with the Marion County Public Health Department.  

The program’s goal is to reduce overdose deaths in Marion County by delivering the opioid reversal medication naloxone directly to those who are statistically at higher risk of fatally overdosing in the future.  

“Indianapolis EMS stands among those who work on the frontlines of the opioid epidemic in our community, where seconds can mean the difference between life and death,” said Daniel O’Donnell, chief of Indianapolis EMS. “Increased access to naloxone can greatly increase survival chances in overdose situations, which can lead to more people seeking treatment to break the hold that addiction has on so many.”

Most people who fatally overdosed in Marion County in the first half of the year – about 62% −died in a home, according to a new report by the coroner’s office. Fentanyl, a synthetic opioid, continues to rank the most common substance driving up overdose deaths in the Indianapolis metro area.

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Fentanyl, methamphetamine: The Top 5 drugs fueling the overdose crisis in Indianapolis

How to sign up for ‘bad batch,’ overdose surge text alerts 

To receive texts about bad drug batches or overdose spikes in Marion County, text SOAR to 765-358-7627.   

Texts will be sent when a bad drug batch is detected, when a neighborhood sees a spike in overdose or when police conduct a drug seizure in an area — a move that research has shown disrupts the drug supply and increases overdose. The program, called the Community Harm Reduction and Improved Outcomes Team (CHARIOT), is part of the statewide nonprofit Overdose Lifeline, which aims to help individuals impacted by substance-use disorders. The Office of Public Health and Safety has partnered with the organization. 

‘Zombie drug’: The ’emerging threat’ for Indiana

Be in the know: Is your Indy neighborhood at risk for overdose?

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Other ways to get Narcan in Indianapolis

Narcan, the common name brand for naloxone, can be requested through Overdose Lifeline website at overdoselifeline.org. The supplies can be delivered anonymously.  

Contact reporter Sarah Nelson at sarah.nelson@indystar.com



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‘Supernatural’ convention bringing stars Jensen Ackles, Jared Padalecki and more to Indy

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‘Supernatural’ convention bringing stars Jensen Ackles, Jared Padalecki and more to Indy


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An SPN Family reunion is coming to Indianapolis.

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Creation Entertainment’s “The Road So Far… The Road Ahead” tour is bringing stars of the CW’s “Supernatural” to downtown Indy next month, including Jensen Ackles, Jared Padalecki, Misha Collins, Jeffrey Dean Morgan and more. The weekend-long event includes panels, meet-and-greet opportunities as well as a special event hosted by Collins.

Here’s what you need to know about the event, scheduled for Aug. 23-25.

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Where is the ‘Supernatural’ convention in Indianapolis?

The Marriott Indianapolis Downtown, 350 W. Maryland St. Aug. 23-25.

Lineup includes Jensen Ackles, Jared Padalecki, Misha Collins and more

According to the event’s website, the following stars and special guests are expected to attend the event:

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  • Jensen Ackles (Dean Winchester)
  • Jared Padalecki (Sam Winchester)
  • Misha Collins (Castiel)
  • Jeffrey Dean Morgan (John Winchester)
  • Samantha Smith (Mary Winchester)
  • Ruth Connell (Rowena MacLeod)
  • Rob Benedict (Chuck Shurley)
  • Richard Speight Jr. (Archangel Gabriel)
  • Matt Cohen (young John Winchester, Archangel Michael)
  • Briana Buckmaster (Donna Hanscum)
  • Julian Richings (Death)
  • Kim Rhodes (Sheriff Jody Mills)
  • DJ Qualls (Garth Fitzgerald IV)
  • Osric Chau (Kevin Tran)
  • Adam Rose (TikToker)
  • Jason Manns (musician)

Creation cautions that all guests and scheduling are subject to change.

How much do Supernatural convention tickets cost?

Single-day general admission tickets start at $70 for Friday, $80 for Saturday and $100 for Sunday. A general admission weekend pass is $249.

A variety of weekend packages, with benefits like exclusive panels and autograph opportunities, range in price from $379 to $1,775. For tickets and more information, visit bit.ly/4d8xc16.

‘Supernatural’ meet-and-greets, autographs

Photo opportunities and autographs will be available for purchase with many of the scheduled guests. Here are the prices for photos and autographs with the headlining stars:

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  • Jensen Ackles: Photos $199 / Autographs available for gold and silver weekend patrons only
  • Jared Padalecki: Photos $199 / Autographs $169 (will not be signing for gold and silver patrons)
  • Misha Collins: Photos $149 (Saturday only) and $169 (in costume, Sunday only) / Autographs $119
  • Jeffrey Dean Morgan: Photos $199 / Autographs $169

Interactive opportunities with the featured guests don’t stop there. DJ Qualls will also host a masquerade-themed karaoke night with ticketed pre- and post-events.

For a full list of experiences and prices, visit bit.ly/4d8xc16.

What’s the schedule for the ‘Supernatural’ convention in Indy?

The full schedule has not yet been released as of late July. According to Creation’s website, the final schedule will be released closer to the event.

Misha Collins’ special event at Creation Indianapolis

Collins will host a special, 18+ event on Saturday evening called “It Seemed Like A Good Idea At The Time.” In a June Instagram post, he described it as a one-person show that’s “part memoir, part therapy and part indecent exposure.”

Do I need convention passes for Misha Collins’ show in Indy?

No; this is a separately ticketed event that does not overlap with the convention’s scheduled Saturday night concert. Tickets are priced at $79 for general admission and $139 to $189 for reserved seats. For more information, visit bit.ly/3WfAlFQ.

Things to do in Indianapolis: Our newsletter has the best concerts, art, shows and more — and the stories behind them

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Contact IndyStar pop culture reporter Holly Hays at holly.hays@indystar.com. Follow her on X/Twitter: @hollyvhays.





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