Plymouth Growth Partners Wins Mira Award for Investor of the Year in Indiana
lymouth Growth Partners Wins Mira Award for Investor of the Year in Indiana
Indianapolis, IN (May 5, 2017) – Ann Arbor, Mich.-based Plymouth Growth Partners was given the Mira Award for Investor of the Year in Indiana, in Indianapolis on April 29th. Plymouth specializes in investing in Midwest tech companies and has invested over $10 million in Indiana tech companies. Two large 2016 investments include internet of things (IoT) convener ClearObject and cloud solutions integrator Kinney Group, both fast-growing scale-up companies.
The Investor of the Year Award recognizes an angel investor or investment firm principal who brings money plus exceptional connections, advice and attention to Indiana companies.
The Mira Awards judges selected Plymouth Growth Partners and Partner Jeff Barry for the risks taken and investments made in Indiana tech firms. The judges noted that the financial investments were important in making their decision, but that the positive working relationships Plymouth has built with its Indiana-based portfolio companies and the VC firm’s dedication to helping the state’s tech community grow were major factors.
John McDonald, CEO, ClearObject said that the relationship with Plymouth Growth Partners marked a significant turning point for his company. The investment was the first out-of-state venture capital for ClearObject and Plymouth partners including Jeff Barry, Evan Ufer and Ian Bund have gone above and beyond in contributing to the company’s success.
“Plymouth brought a new sense of professionalism and focus to our board of directors, encouraging high standards of interaction and process that have raised our team to a new level,” McDonald said. “More importantly, they have leveraged their relationship with us to become active in the Indiana venture scene, investing in other companies and actively inquiring and meeting with governmental, entrepreneurial and venture organizations in our state to bring their experience, investment capital and insight to our technology community.” ClearObject also won the Mira Award for Scale-Up Company of the year in the $5 million to $20 million revenue range.
Jim Kinney, CEO, Kinney Group said: “Jeff Barry and the team at Plymouth are tremendous people to work with. They are committed to developing more investments in Indiana tech companies like they have with us at Kinney Group because they believe there is a lot of untapped potential in our market. Having a firm that is consistently putting out $10 to $20 million in investments in Midwest technology companies year after year has an impact on our tech communities that is difficult to overstate.”
Plymouth Managing Partner Mark Horne stated “We appreciate the recognition this award brings as it really validates the growth equity model that we have been building here in the Great Lakes Region – find great, capital efficient entrepreneurs and provide them with the funding and, perhaps just as important, key assistance and contacts necessary for them to be successful. This award indicates that we are having success at executing against this model.”
TechPoint, the growth initiative for Indiana’s tech ecosystem, honored the successes and innovation of Indiana companies, entrepreneurs, educators, and other leaders at The Westin Indianapolis during the 18th annual Mira Awards gala presented by Angie’s List, Genesys, and Salesforce.
For a direct link to the acceptance speech and remarks made by Plymouth Partner, Jeff Barry, at the awards ceremony please see link below.
About Plymouth Growth Partners
Plymouth Growth Partners (formerly Plymouth Ventures) invests in growth stage businesses throughout the Great Lakes region. With over 100 years of combined investing experience, Plymouth takes a flexible approach to partnering with management teams, helping to drive growth, build value and realize full potential. Plymouth focuses on B2B product and services companies that have scalable technology and proven growth. Based in Ann Arbor, Michigan, Plymouth Growth Partners has over $100 million under management and is actively investing out of its third fund. For more information on Plymouth Growth Partners and its investments, please visit www.plymouthgp.com.
TechPoint is the nonprofit, industry-led growth initiative for Indiana’s technology companies and overall tech ecosystem. The team is focused on attracting talent, accelerating scale-up companies, activating the community, and amplifying stories of success. For more, visit www.techpoint.org.