Allos Announces Close of $52 Million Allos III
Allos Ventures Announces Close of $52 Million Allos III. Midwest firm builds on successful investments in Lessonly, Assurex Health, and others.
INDIANAPOLIS—Allos Ventures, a venture capital firm focused on building high-growth tech companies in the Midwest, announces a $52 million close of its latest fund, Allos III. Allos III continues the firm’s focus on investing in early-stage software and tech-enabled business service companies. Allos is led by venture capital and SaaS veterans Don Aquilano, John McIlwraith, and David Kerr.
“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 120Water (Indianapolis), Abre.io (Cincinnati), BlastPoint (Pittsburgh), Curate Solutions (Madison), Docket (Indianapolis), Encamp (Indianapolis), PERQ (Indianapolis), and Sharpen (Indianapolis). 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 120Water, 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,” said Megan Glover, CEO of 120Water. “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.”
In addition to the successful close for Allos III, Allos has experienced continued momentum throughout 2019 and heading into 2020. Following three 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. In addition to opening a new office in Indianapolis, Allos also welcomed Paul Ehlinger as an associate to the team in 2019.
About Allos Ventures
Allos Ventures invests in early-stage technology companies based in the Midwest. Investments focus on B2B software companies at a Series A or B stage, augmenting the capital provided by seed and startup investors. In addition to the capital Allos provides, portfolio companies benefit from the extensive operating and business-building experience of the firm’s managing partners, who make themselves available as needed to support each portfolio company’s growth.
Media Contact
Hannah Goodwin
BLASTmedia for Allos Ventures
317.806.1900 X 120
hannah@blastmedia.com