- Allos Ventures is a Midwest-based firm that recently closed a $52 million fund called Allos III.
Allos Ventures is a Midwest-based firm that builds on successful investments. Recently, the firm closed a $52 million fund called Allos III. Allos III continues the firm’s focus on investing in early-stage software and tech-enabled business service companies.
“With our third fund, we’re focused on continuing to support high-growth, Midwest software companies, as well as expanding our portfolio to new areas of the Midwest and entrepreneurs,” said Don Aquilano, co-founder and managing director at Allos. “The Midwest eco-system is thriving and has matured significantly since we launched Allos a decade ago. Experienced entrepreneurs and founders with deep subject matter expertise are at the heart of our investments — companies able to scale rapidly and attract top talent from across the country.”
The fund has already invested in eight companies including 120WaterAudit (Indianapolis), Abre.io (Cincinnati), BlastPoint (Pittsburgh), Curate Solutions (Madison), Docket (Indianapolis), Encamp (Indianapolis), PERQ (Indianapolis), and Sharpen (Indianapolis). And the investments are a mix of Series A investments led or co-led by Allos and seed-stage investments and most included co-investors from across the country.
“At 120WaterAudit, we are striving to build software and solutions to improve the quality of drinking water across the US. This is no small feat and we could not do it alone,” added Megan Casey Glover, CEO of 120WaterAudit. “The funding from Allos Ventures, along with the supportive tech community they have helped form in the Midwest, brings us that much closer to our goal of positively impacting our nation’s public health.”
Along with a successful close for Allos III, Allos has experienced continued momentum throughout 2019 and heading into 2020. Following 3 consecutive years of being named the most active venture investor in Indiana by CB Insights, in April 2019, Allos was named the Indiana Investor of the Year at the TechPoint Mira Awards, an event honoring the best of tech in Indiana. And in addition to opening a new office in Indianapolis, Allos also welcomed Paul Ehlinger as an associate to the team in 2019.
