Venture capital raised by Indiana companies more than doubled in 2018 compared with 2017’s total, according to the latest report by PitchBook-NVCA Venture Monitor.
Edward Jones adviser promoted to principal
Michael Mack, CFP, who has served as an Edward Jones financial adviser in Greenfield the past 10 years, has been named a principal with the firm’s holding company, The Jones Financial Companies, LLLP. He was one of 62 individuals chosen from more than 43,000 associates across the United States and Canada to join the firm’s principals.
Mack will remain in Greenfield and continue to serve investors.
Mack joined Edward Jones in 2004 and served as a financial adviser in Indianapolis before moving to Greenfield 10 years ago.
In addition to serving local investors, he serves as an Edward Jones regional leader, providing leadership and guidance to more than 50 branch teams located throughout central Indiana.
Mack’s office is at 1225 E. Main St. in Greenfield.
2 journalists join Daily Reporter
Two journalists have joined the staff of the Daily Reporter.
Mitchell Kirk will cover business, economic development and the northwestern part of Hancock County, including Fortville, McCordsville and Mt. Vernon schools. He is from North Dakota and is a graduate of St. John’s University. He most recently worked six years at the Pharos-Tribune in Logansport, where he covered a a wide range of stories, including the slayings of two Delphi girls, a crime that remains unsolved.
Steve Heath most recently was the sports information director at Anderson University, and he will split time between the Daily Reporter sports desk and writing for the Pendleton Times-Post. Heath is a New Palestine native and Indiana State University graduate who has also worked at newspapers in Mooresville and Murfreesboro, Tenn., during his career.
Venture capital investment skyrockets
Venture capital raised by Indiana companies more than doubled in 2018 compared with 2017’s total, according to the latest report by PitchBook-NVCA Venture Monitor.
Hoosier companies landed $367.74 million in venture capital on 93 deals in 2018, according the report. That’s a 118 percent increase from the $168.11 million raised in 2017 on 91 deals.
Venture capital activity remained strong in Indiana throughout the year, the report said. Indiana businesses raised $96.75 million on 27 deals in the fourth quarter, far exceeding the $24.76 million raised in 17 deals in the fourth quarter of 2017.
Indiana’s 2018 numbers followed national trends, the report said, with more money being invested in each deal.
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