Top Indiana SaaS Angel Investors
Throughout the past decade, Indiana has experienced steady growth in the SaaS sector. Collectively, the SaaS businesses in the state are contributing to a combined revenue of $137.3 million and employing over 1,600 people.
And with names like MongoDB, Work Board, and Sword Health, there’s no doubt that the Indiana SaaS sector is headed in the right direction.
But, is there any support from the angel investors to further boost the SaaS economy?
Yes! Indiana is a hub for tech enthusiasts and there are dozens of active angels who might become potential investors for your business too!
Don’t you have any idea who these investors are?
Well, let’s wait no more and jump onto the list of the top 10 angel investors in Indiana who are investing in the SaaS sector.
Table of content
- Find Out The Top 10 Angel Investors In Indiana Who Fund SaaS Startups
- Philip Miller
- Mike Fitzgerald
- William Boncosky
- Tony Petrucciani
- Mark Hill
- Ryan Diem
- Donald Brown
- Irena Goloschokin
- Tom Buckley
- Wrap-Up:
Find Out The Top 10 Angel Investors In Indiana Who Fund SaaS Startups
Philip Miller
- Focused Sectors: Information Technology, Software, IaaS, Marketing, Employment, Event Management, Food and Beverage, Food Processing, Hospitality, Human Resources, Restaurants, Service Industry, Staffing Agency, Collaboration, Content, SaaS, Social Media Marketing, Apps, B2B
- Present In: Indiana
- Notable Investments: Jada Beauty, DivvyHQ, OpenMartech, Emplify
Phillip Miller is the most active angel investor in Indiana. He started funding startups in the early 2000s with a strong background in finance and technology.
Miller prefers to invest in startups that demonstrate strong potential for innovation and scalability. He is particularly interested in companies that operate in disruptive technologies, such as advanced payment solutions, digital health, and AI-driven software.
The investment range of Philip Miller can range from $100,000 to $5 million.
Mike Fitzgerald
- Focused Sectors: Communities, Internet, SaaS, Software, Enterprise Software, Environmental Consulting, Environmental Engineering, E-Commerce, Information Technology, Black / African American Founded, B2B, Brand Marketing
- Present In: Indiana
- Notable Investments: Terminus, Relay Software, When I Work, Zylo, Craft, Integrate, Botkeeper.
Mike Fitzgerald is one of the most active angel investors in Indiana and co-founder of High Alpha, a venture studio that conceives, launches, and scales enterprise cloud companies. He was also a co-founder at Octiv.
When funding startups, Fitzgerald focuses on early-stage technology startups and provides seed capital. His investment interests lie in technology, software, and tech-enabled businesses.
The investment range of Mike Fitzgerald can range up to 1M, depending upon the startup’s estimated ROI and related sector.
William Boncosky
- Focused Sectors: Biotechnology, Health Care, Health Diagnostics, Hispanic / Latinx Founded, Hispanic / Latinx Led, Women Founded, Women-Led, SaaS, Social Media Marketing, Apps, B2B, iOS, Mobile Apps, Internet, Enterprise Software, Search Engine
- Present In: Indiana
- Notable Investments: Acumen Holdings, Rival IQ, Perceivant, Perfit, Pear, Formspring, Vontoo, Amplified Sciences, SNAPSHYFT Labor Marketplace
William Boncosky is also an active and famous angel investor in Indianapolis. With a lot of experience in the SaaS sector, William knows how to identify profitable ventures. He is also the owner of Art to Remember, a company that built a solar-powered headquarters to emphasize sustainable energy and community impact.
When investing in startups, William Boncosky focuses on ventures that are actively growing and are at the early stage. He usually prefers to invest in Hispanic/Latinx-founded and women-led companies that can easily generate 3–5x ROI within the first 36 months of investment.
The investment range of William Boncosky lies between $100,000 to $300,000.
Tony Petrucciani
- Focused Sectors: Tech, Healthcare, SaaS. SMM. B2B, Marketplace, IOT
- Present In:
- Notable Investments: PhotoniCare and Boardable
Investing since 2014, Tony Petrucciani is a famous investor who has also served as the CEO of over 5 companies.
As an angel investor, Tony focuses on startups that align with his passion for technology, problem-solving, and product management. He loves to invest in companies with strong core values. Tony also mentors and provides strategic guidance to the startups he invests in, often serving on their boards.
Similarly, Tony has been recognized for his leadership and entrepreneurial skills, including being named among Indianapolis’ “40 under 40” and leading his company to appear twice on the Inc. 500 list. His average check size can range up to $500,000.
Mark Hill
- Focused Sectors: Analytics, Human Resources, Information Technology, Internet, Mobile Apps, SaaS, Software.
- Present In: Indiana
- Notable Investments: Zylo and Emplify
Mark Hill is also an angel investor with a strong background in technology and entrepreneurship. He co-founded Baker Hill in 1983, a company focused on providing software solutions for financial institutions that was later sold in 2005.
He later established Colina Ventures and started investing in startups in 2006. Like most other investors, Mark primarily invests in early-stage startups, particularly those in the technology, cloud computing, and software sectors. His investment strategy focuses on companies with innovative approaches and scalable business models.
Moreover, Mark Hill also utilizes his extensive entrepreneurial experience and guides startups through different stages. The average check size of Mark Hill is around $700,000.
Ryan Diem
- Focused Sectors: SaaS, B2B, Brand Marketing, Content Marketing, Podcast, Women Founded, Women Led, Cyber Security, Security, Asset Management, Recycling, Sharing Economy, Sustainability
- Present In: Indiana
- Notable Investments: Emplify
Ryan Diem was a former NFL player with the Indianapolis Colts, who has now also stepped into the SaaS startup scene. He primarily focuses on early-stage investments, particularly in the seed round.
When investing in businesses, Ryan Diem usually prefers to invest in startups that have strong growth plans, are being led by experienced entrepreneurs along with qualified teams. He also has a requirement of only investing in businesses that can provide 3x ROI within the first 24 months of investment.
The investment range of Ryan Diem can range up to $450,000.
Donald Brown
- Focused Sectors: Customer Service, IT, and SaaS
- Present In: Indiana
- Notable Investments: Gila
Donald Brown is an individual angel investor who co-founded Interactive Intelligence Group and currently serves as the Chief Executive Officer at Lifeomic. He started funding startups in 2008, Brown has invested in many SaaS businesses, many of which have been successfully acquired.
When investing in startups, Brown prefers companies that are at the early stage and have generated at least $2-$3M in revenue, ready to operate at an international level. He makes most of his investments through startup fundraisers, incubators, and pitching competitions.
The investment range of Donald Brow is between $200,000 to $500,000.
Irena Goloschokin
- Focused Sectors: SaaS, Sales Automation, Enterprise Software, Digital Marketing, IOT, Tech
- Present In: Indiana
- Notable Investments: Costello
Irena Goloschokin is an angel investor with a strong background in the tech industry. She currently serves as the Chief Executive Officer at Copper Mountain Technologies. Prior to joining CMT, Goloschokin spent over 15 years in the tech sector, including her role as Chief Strategy Officer at T2 Systems
As an angel investor, Goloschokin invests personal funds into promising companies in exchange for equity. She has a strong preference for businesses that are making decent revenue and are solving problems in the SaaS sector.
The investment range of Irena Goloschokin is around $300,000.
Tom Buckley
- Focused Sectors: Human Resources, Restaurants, Service Industry, Staffing Agency, Collaboration, Content, SaaS, Social Media Marketing, Apps, B2B,
- Present In: Indiana
- Notable Investments: Bolstra
After leading several companies to success, Tom Buckley is an experienced angel investor and an entrepreneur. He has worked at several venture capital firms as a Director and Senior investor. Buckley has received five Inc 500 awards for leading some of the fastest-growing private companies in the US.
When investing in startups, Buckley focuses on startups that are solving problems such as data integration and system security in the SaaS domain. He usually invests in the early and seed stages of businesses and prefers to establish a long-term partnership.
The investment range of Tom-Buckley is sector agnostic but he usually funds startups around $800,000.
Wrap-Up:
The future of SaaS startups in Indiana is undeniably bright. As technology continues to evolve, the demand for efficient software solutions will only increase.
However, in such an ocean of ideas, how is a founder supposed to present an innovative idea?
Well, simply present solutions to the modern problems. Sectors like data security, app integration, and user experience will always have further room for improvement.
What matters is how a founder presents his/her startup and ensures it is worth the time of potential investors.
Good Luck!
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Earlier the article was published here.
