Former ExactTarget CEO Scott Dorsey and three Indianapolis startup mavens have raised $35 million to launch a studio that will create tech companies to capitalize on the growing demand for enterprise software.
The venture is called High Alpha, and Dorsey, 47, is its managing partner. Partners Kristian Andersen, Mike Fitzgerald and Eric Tobias, who also are investors in the seed fund Gravity Ventures, round out the team. High Alpha includes High Alpha Studio, its operating arm, and High Alpha Seed, its investment arm.
The entity aims to take ideas and existing startups, surround them with a bevy of in-house expertise and cash, and help them scale up. The founders said they’ve each been involved in starting software firms to solve business problems, and now they’re trying to solve some of the many problems involved with starting a tech company.
“Our goal is to build high-velocity software companies and allow these companies to go far faster on our platform than they would be able to on their own,” Dorsey said. “This is going to be enormous for the Indianapolis tech community.”
High Alpha is backed by California-based Emergence Capital, an early investor in Salesforce.com and Box; Maryland-based Greenspring Associates, an early investor in ExactTarget; Chicago-based Hyde Park Venture Partners; and about 50 angel investors, the founders said…Read Original Article