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Ivy Ventures is a Carmel, Indiana-based venture capital firm that invests in early-stage startups across hardtech, enterprise software, and life sciences sectors. The firm manages a $20 million fund, deploying capital into promising companies while also providing operational expertise and resources through strategic corporate partners. These partners include Innovatemap, led by co-founder Mike Reynolds, and Valeo Financial Advisors, led by co-founder John Wortman, offering portfolio companies like Mobile ReCell Inc. access to valuable support. Ivy Ventures sources capital from Midwest investors, aiming to foster regional innovation and growth. The firm was established in late 2018 by co-founders Scott Kraege, Mike Reynolds, and John Wortman. Its business model centers on raises funds from Midwest investors to deploy into portfolio companies, combined with non-financial support from corporate partners.
Ivy Ventures has 3 tracked investments across 3 companies. The latest tracked deal is $3.0M Seed in Luster in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 31, 2025 | Luster | $3.0M Seed | High Alpha, IVY Ventures | — |
| May 9, 2025 | Pulse Charter Connect | $2.0M Seed | IVY Ventures, Simplex Ventures | Belal Badat Ventures, Cedars Sinai, Techstars, The Josephine Collective |
| May 20, 2022 | izumi Finance | $30.0M Other Equity | — | Mirana Ventures |
