Top Startup Investors in Indiana Who Fund Fintech Startups

The US is a global leader in the fintech market, having over 5,700 fintech companies and over 166 unicorns. The overall sector has generated around $650 Billion in 2024 and is currently booming, with hundreds of VC firms and angel investors ready to invest in new ideas.

Similarly, the Indiana fintech market is no way different. According to reports, Indiana generates 18.5% of the total fintech revenue in the US, which amounts to $111 billion. The market’s explosive growth has created a golden opportunity for investors seeking to back promising startups in need of capital.

So, let’s head to the list of the top-ranked startup investors in Indiana who back Fintech startups.

Table of content

• Here are The Top 7 Startup Investors in Indiana Who Fund Fintech Startups
• David Steckler
• William Boncosky
• Cory Heck
• John Guidos
• Hyde Park Venture Partners
• VisionTech Ventures
• High Alpha
• Wrap-Up:

Here are The Top 7 Startup Investors in Indiana Who Fund Fintech Startups

So, let’s get moving with the list now!

David Steckler

• Reach Out:
• Focused Sectors: Artificial Intelligence, Human Resources, Recruiting, Software, B2B, Brand Marketing, Content Marketing, Information Technology, Podcast, Women Founded, Women Led, Biotechnology, Life Science, Medical, Mobile Apps, Non Profit, Agriculture, AgTech, Aquaculture, CleanTech, Farming, Hydroponics, Internet of Things, Analytics, Data Visualization, Sports, Health Care, Pharmaceutical
• Present In: Indiana
• Notable Investments: Smart Guided Systems, Relay Software, Curvo Labs, DocuMentor, Apexian Pharmaceuticals, AgenDx Biosciences, Heliponix, Scioto Biosciences, Scale Computing, MomentPath, Stamus Networks

David Steckler is Indiana’s leading angel investor, known for his sharp financial acumen and an impressive portfolio of over 50 startups. In 2007, several magazines praised his strategies for identifying solid-performing stocks and his knowledge of the financial markets.

He highly prioritizes businesses that have a strong revenue flow and can easily generate 4–5x ROI within the first 24 months of investment.

Utilizing his experience, David Steckler also arranges mentorship programs for his portfolio companies and attends many public workshops. His investment range is around $250,000.

William Boncosky

• Reach Out:
• Focused Sectors: Fintech, Biotechnology, Health Care, Health Diagnostics, Women Founded, SaaS, 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, iOS, Mobile Apps, Internet
• Present In: Indiana
• Notable Investments: Jada Beauty, DivvyHQ, OpenMartech, Emplify, Acumen Holdings, Rival IQ, Perceivant

William Boncosky is an active investor who funds Indiana-fintech companies at the early stages. As an investor, Boncosky has more than a decade of experience and has worked in many VC and AM firms.

When investing in companies, William Boncosky looks for innovative businesses who are revolutionizing the modern fintech landscape and introducing solutions. He invests in startups that have experienced founders and qualified teams to scale globally.

The investment range of Armen Shanafelt can go up to $200,000.

Cory Heck

• Contact:
• Focused Sectors: Fintech, Wholesale, Data Center, Enterprise Software, IT Infrastructure, Software, Virtualization, Health Care, Medical, Medical Devices, Therapeutics, Biotechnology, Pharmaceutical
• Present In: Indiana
• Notable Investments: Scale Computing, Celleration, EKOS Corporation, ProSource Plumbing Supply, Endocyte, RedPath Integrated Pathology

Cory Heck is also an experienced angel investor and Partner at CID Capital. Since joining CID Capital in 2014, he has invested in many businesses and arranged mentorship programs for its portfolio companies.

Cory prefers to fund businesses that are generating decent revenue and have a strong growth model. He likes to partner up with founders that are innovative and have enough experience to scale up the business on an international level.

Cory Heck’s investment range lies between $50,000 and $300,000. He usually invests in early-stage businesses.

John Guidos

• Contact:
• Focused Sectors: Medicine, Health Apps, Wearable Devices, Remote Patient Monitoring, Digital Payments, Mobile Payments, Remittance
• Present In: Indiana
• Notable Investments: TurboAppeal and Slyngshot Health

John Guidos is an angel investor based in Indianapolis and is known to be among the most experienced investors.

Like most other investors, John likes to invest in startups that can promise a huge growth potential and are in the early stages of their business. He usually makes his investments through startup accelerators, incubator programs, and networking events.

Other than these investment activities, John also uses his huge experience to mentor young entrepreneurs. He often participates in public mentorship events and guides businesses through different stages.

The average check size from John Guidos can go up to $200,000.

Hyde Park Venture Partners

• Contact: greg@hydeparkvp.com
• Website:Hyde Park Venture Partners — Mid-Continent Venture Capital (hydeparkvp.com)
• Focused Sectors: IT, Fintech, SaaS, Enterprise, Marketplace, Data Security
• Funding Stages: Early Stage, Seed, Pre-Seed, Series A
• Present in: Chicago, Indianapolis
• Notable Investments: Audit Sight, Out Of Office, LandscapeHub
• Total Investments: 160+

Funding startups since 2011, Hyde Park Ventures is one of the most active fintech VC firms in the state. The network usually focuses on early-stage startups that have a potential for growth and can easily generate 5–10x ROI.

Similarly, the VC firm has raised multiple funds since its inception, with its latest, Fund IV, closing at $98 million in 2024.

The investment range of Hyde Park Ventures can range up to $500,000.

VisionTech Ventures

• Contact: tpetrucciani@visiontech-partners.com
• Website:VisionTech Partners — Smarter Capital. Better Results. (visiontech-partners.com)
• Focused Sectors: Advanced Sciences, Life Sciences, Sports Tech, Medtech, Energy, Electronics, Biotech, Cleantech, Fintech, Data Security, B2B SaaS
• Funding Stages: Early and Seed
• Present in: Indiana
• Notable Investments: Fiber X, Mentavi, Laxis, Flutre, Amplified Sciences, Nuvox, Adipo, Geoh, Botanisol Analytics, Canauri, Nexosome Oncology, Epilogue Systems, Safekeeping, Triolabs

VisionTech Ventures was founded in 2009 and has since become one of the Midwest’s most active angel investing networks. The firm was established by a group of investors aiming to support early-stage startups, particularly in the tech and life sciences sectors.

VisionTech has funded over 24 startups and had three significant exits including Allotrope, SmartFile, and Smart Apply. They focus on early-stage companies that have strong leadership teams, innovative solutions, and the potential for massive returns. Every year, Vision Tech organizes over three pitching competitions, screening over 400 companies annually but investing in only around 16.

The investment range of VisionTech Ventures can range up to $5M.

High Alpha

• Website:High Alpha | A B2B SaaS Venture Firm
• Focused Sectors: IT
• Funding Stages: Early and Seed
• Present in: Indiana
• Notable Investments: DroneDeploy, Botkeeper, Docket
• Total Investments: 100+

High Alpha, founded in 2015 and based in Indiana, is a venture studio that works to launch and scale innovative enterprise software startups. The firm was established by a team of experienced entrepreneurs and executives, including Scott Dorsey, Eric Tobias, Kristian Andersen, and Mike Fitzgerald.

High Alpha being an active investor, has created over 40 new companies, backing more than 80 founders and creating upwards of 900 jobs. Usually, High Alpha targets early-stage investments, particularly in Seed to Series A rounds, and also co-invests alongside trusted lead investors.

The investment range of High Alpha can range up to $2M.

Wrap-Up:

Summing up, Indiana has indeed become a hotspot for fintech innovation, thanks to the support of these forward-thinking investors who are keen to back startups pushing the boundaries of financial technology.

For founders looking to pitch to these investors, remember that preparation and understanding are the most important points. Know your market inside and out, and be ready to clearly articulate how your fintech solution addresses a real problem.

Investors are looking for not only innovative ideas but also teams that demonstrate resilience, scalability, and a deep commitment to their vision.

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Earlier the article was published here.