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High Alpha

North America, Indiana, United States, Indianapolis

Description

High Alpha is a distinctive venture studio based in Indianapolis, Indiana, known for its innovative approach that merges company building with venture capital. Unlike traditional venture capital firms, High Alpha actively co-founds and builds B2B SaaS (Software-as-a-Service) companies from the ground up. Their model involves identifying market opportunities, recruiting founding teams, and providing comprehensive operational support, shared services, and initial capital to accelerate growth.

The studio's hands-on methodology is central to its success. High Alpha provides a robust platform that includes strategic guidance, talent acquisition, marketing, and financial services, enabling new ventures to scale rapidly. Since its inception, High Alpha has successfully launched over 30 companies, demonstrating a strong track record in creating viable and impactful B2B software businesses. These portfolio companies have collectively raised over $1 billion in follow-on capital from various investors, underscoring the quality and potential of the ventures High Alpha incubates.

High Alpha's investment strategy is closely tied to its studio model. They provide the initial capital for the companies they build and actively participate in subsequent seed and Series A funding rounds. Their typical first check size for these early-stage investments ranges from $1 million to $5 million, reflecting their commitment to providing substantial early-stage support. In 2022, High Alpha further solidified its position by closing Fund III with $180 million, reinforcing its capacity to continue launching and investing in promising B2B SaaS companies. This capital allows them to deepen their support for existing portfolio companies and expand their pipeline of new ventures.

High Alpha plays a pivotal role in fostering entrepreneurship and strengthening the tech ecosystem, particularly in the Midwest. Their unique blend of company creation and strategic investment positions them as a significant force in the B2B SaaS landscape, driving innovation and creating high-growth opportunities.

Investor Profile

High Alpha has backed more than 123 startups, with 7 new investments in the last 12 months alone. The firm has led 30 rounds, about 24% of its total and boasts 18 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Software, SaaS, Information Technology.
  • Led 2 rounds in the past year.
  • Typical check size: $1M – $5M.

Stage Focus

  • Seed (44%)
  • Series A (23%)
  • Series B (15%)
  • Series Unknown (7%)
  • Series C (3%)
  • Pre Seed (3%)
  • Series E (2%)
  • Series D (2%)
  • Convertible Note (1%)

Country Focus

  • United States (98%)
  • Canada (2%)

Industry Focus

  • Software
  • Saas
  • Information Technology
  • Enterprise Software
  • Marketing
  • Marketing Automation
  • Advertising
  • Internet
  • Artificial Intelligence (Ai)
  • E-commerce
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does High Alpha frequently co-invest with?

Upfront Ventures
North America, California, United States, Santa Monica
Co-Investments: 5
Hyde Park Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 12
Salesforce Ventures
North America, California, United States, San Francisco
Co-Investments: 6
Greycroft
North America, New York, United States, New York
Co-Investments: 6
Elevate Ventures
North America, Indiana, United States, Indianapolis
Co-Investments: 15
Foundry Group
North America, Colorado, United States, Boulder
Co-Investments: 8
Revolution’s Rise of the Rest Seed Fund
North America, District of Columbia, United States, Washington
Co-Investments: 8
Matchstick Ventures
North America, Colorado, United States, Boulder
Co-Investments: 5
Allos Ventures
North America, Indiana, United States, Carmel
Co-Investments: 13
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 6

Which angels does High Alpha often collaborate with?

PS
North America, Virginia, United States, Ashburn
Shared Deals: 1
Daren Cotter
North America, Minnesota, United States, Saint Paul
Shared Deals: 2
AS
North America, Indiana, United States, Indianapolis
Shared Deals: 1
JC
North America, California, United States, San Francisco
Shared Deals: 1
RS
North America, Indiana, United States, Indianapolis
Shared Deals: 1
GA
North America, Colorado, United States, Boulder
Shared Deals: 2
AP
North America, California, United States, West Hollywood
Shared Deals: 1
Daniel Springer
North America, California, United States, San Francisco
Shared Deals: 1
AO
North America, Indiana, United States, Indianapolis
Shared Deals: 2
FK
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by High Alpha?

Kadence

San Francisco, California, United States

Kadence is the world’s #1 workplace operations platform for people and spaces.

Enterprise SoftwareFacility ManagementHuman ResourcesOffice AdministrationScheduling
Series AJul 22, 2025
Amount Raised: $20,000,000
Backstroke

Indianapolis, Indiana, United States

Backstroke is an IT firm offering a AI generative platform and tools for email marketers to create content.

Artificial Intelligence (AI)ContentEmail MarketingInformation TechnologySoftware
SeedJul 16, 2025
Amount Raised: $2,800,000
AskElephant

Draper, Utah, United States

AskElephant automates workflows for go-to-market teams, streamlining tasks and providing personalized coaching and insights.

Artificial Intelligence (AI)ChatbotInformation TechnologySoftwareSoftware Engineering
SeedMay 20, 2025
Amount Raised: $6,000,000
SmartSuite

Newport Beach, California, United States

SmartSuite is a work management platform that integrates databases, spreadsheets, documents, collaboration tools, and automation.

Business Process Automation (BPA)CollaborationProject ManagementSoftware
Series AFeb 20, 2025
Amount Raised: $13,000,000
Paccurate

Brooklyn, New York, United States

Paccurate is a cartonization API that lowers shipping costs and speeds up shipping.

Developer APIsEnterprise Resource Planning (ERP)LogisticsSoftwareSupply Chain Management
Series AOct 22, 2024
Amount Raised: $8,100,000
Logik.io

Chicago, Illinois, United States

Logik.io is an ecommerce logic engine platform focused on developing headless configuration technologies.

B2BE-CommerceInformation TechnologySales
Series BOct 8, 2024
Amount Raised: $25,000,000
Nostra AI

San Francisco, California, United States

Nostra AI’s Edge Delivery Engine is the first edge that caches dynamic content enabling 20% faster load times for ecommerce merchants.

Artificial Intelligence (AI)Information TechnologySoftware
Series ASep 11, 2024
Amount Raised: $8,900,000
AudiencePlus

Scottsdale, Arizona, United States

The world’s first AI-powered Audience Marketing platform for brands.

Content MarketingDigital MediaInternetSaaSSoftware
SeedSep 10, 2024
Amount Raised: $7,280,000
ChampionHQ

Indianapolis, Indiana, United States

ChampionHQ operates as a customer marketing platform.

Artificial Intelligence (AI)Information ServicesMarketing
SeedSep 3, 2024
Amount Raised: $3,300,000
escala

Coral Gables, Florida, United States

Escala offers an all-in-one CRM platform that empowers businesses to streamline and enhance their marketing and sales operations.

CRMDigital MarketingInformation TechnologyMarketing AutomationSoftware
Series UnknownJul 17, 2024
Amount Raised: $12,000,000