IBJ: Sigstr raises $5 million in venture capital from big names

IBJ: Sigstr raises $5 million in venture capital from big names

Marketing-tech company Sigstr Inc. announced Tuesday that it raised $5 million from local and national investors, the second-largest venture capital haul in Indiana this year.

 

The 3-year-old Indianapolis-based firm sells software that enables companies to leverage employee emails for subtle marketing. It has roughly 30 employees and more than 300 clients, including California Closets, Terminus and United Way.

 

Only SmarterHQ, which raised $13 million in January, raked in more venture capital this year. Carmel-based Fast BioMedical also raised $5 million in February.

 

This is the third equity capital infusion for Sigstr, bringing its total to $7 million. It raised $500,000 when it joinedHigh Alpha Studio in August 2015 and $1.5 million later that year.

 

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