Who We Are

Indicator Ventures is a North American-based early-stage venture capital firm that backs and supports companies leveraging ‘digital efficiencies’ to generate material time and cost savings. We focus on capital-efficient businesses solving high-impact problems that can scale quickly.

Indicator writes initial checks of up to $1 million in seed-stage companies where we can meaningfully support the founders and their team.

Like any successful start-up, an effective venture firm is built around a core team, an engaged network, and aligned incentives. We have built a talented and complementary team of investment professionals and entrepreneurs with a demonstrated track record of success. Together these assets represent something much larger than a source of capital.

Ben Luntz


Ben’s killer instinct is the product of over a decade as a marketer and operator, working with the largest brands in the world and early-stage businesses alike. He’s never settled nor satisfied, and is constantly searching for value through partnerships and strategic initiatives. It’s the restlessness within him that is able to sift through the noise, aim directly at the right problem, and deliver an impactful solution under pressure. And it’s his ability to connect the dots and see opportunity when others see a dead end that drives his creative approach.

“Ben is one of the hardest working individuals I have ever met. He is a master networker and an impressive salesman, and his track record proves that he knows how to build and sell companies. He is also what you would call a “value-add investor,” meaning he’s not one to sit back and just watch you work…and he’s not the type of person to lean too far forward and tell you how to run your business…rather, Ben rolls up his sleeves and gets in the trenches with you, while providing sound advice from a “take it or leave it” standpoint. I felt like Ben was an extension of our team, considering he provided value from the day he handed me a check until the day we sold our company.”

Warner Siebert
Co-Founder & CEO @BuzzTable (acquired by Sysco)

Jonathan Struhl


Jonathan has an unquenchable thirst for knowledge. His ability to listen and synthesize facts and expert opinions, coupled with his unparalleled resourcefulness is what underpins Indicator’s commitment to diligence and support for portfolio companies. He’s cautious to jump to a conclusion before he has interpreted all indicators, but is steadfast in his own convictions. Jonathan welcomes debate and ensures we explore all angles. Jonathan is a 5th generation entrepreneur, and it’s evident each day he comes to work and interacts with founders and teams.

"Jon and the Indicator Ventures team have been a great accelerator of Mezzobit's success, with a level of support rare among seed investors. Jon is a top notch advisor when we need a fresh set of seasoned eyes, and has made high-quality connections to blockbuster customers. He really gets what entrepreneurs are trying to do; he has a sixth sense of how to assist portfolio companies while giving them the proper amount of space."

Joseph Galarneau
Co-Founder & CEO @Mezzobit (acquired by OpenX)

Geoff Bernstein


Geoff has a keen eye for recognizing operational efficiencies and streamlining complex processes. If something can be run better, he finds a way. His operational mentality and quest for efficiencies are manifest in his own work, which has been instrumental for both entrepreneurs and Indicator Ventures as a firm. Geoff lives for data and analysis, but is also able to step back and see the larger vision. He’d rather be doing than talking, and is constantly exploring every possible scenario on behalf of Indicator Ventures and its portfolio companies.

“Geoff and the Indicator team have been and continue to be stalwart supporters of Shibumi. Geoff saw our vision when countless others didn’t. More importantly, he always follows through with what we ask for and what he says he will do. Whether we needed client or investor introductions, help creating sales and investor collateral, advice on tax and legal structuring as we expand overseas, and countless other areas within our operations, Geoff has always been the first place we turn, and we wouldn't be where we are today without him.”

Bob Nahmias
Co-Founder & CEO @Shibumi (current portfolio company)


We believe Actions > Words and learning to lead is about listening. We are Partners in Perpetuity to the visionaries who transform markets. As investors, this all begins with identifying key indicators.

Actions > Words

After building an investment program with three individuals and our own capital, we set out to create something much bigger than ourselves. When asked about our key points of differentiation, we can point to things like our network, our team, our hustle and drive, our entrepreneurial and institutional investment experience, and our intellect. But at the end of the day, actions speak louder than words. In a very short time we’ve built an organization backed by some of the smartest and most successful investors and corporate executives. And perhaps most importantly, we have significant skin in the game, creating a true alignment with all parties.


No one knows what the next great company will be. We’ve surrounded ourselves with some of the best resources in the business, but there’s no special formula to investing. So we identify and assess key indicators that lead us to align with the most promising entrepreneurs ready to disrupt industries early on.

Learning To Lead

What we learn from our portfolio companies directly contributes to our ability to facilitate, challenge and incentivize a broader network of people. This supportive focus is an open door. We are dedicated to learning right, rather than leading wrong. Our founders have visions and we’re investing in them.

Transform Markets

We do not live in the world of ten years ago, of five years ago, of five years from now. Technology and business/consumer response to technology evolve at an uncapped rate. Mobile devices now far outnumber humans. Data usage and creation is growing exponentially. But progress does not manifest blindly. Ingenuity and foresight have the power to overthrow established, decade-old models, pushing forward the frontlines and unlocking tremendous financial potential. We discover and invest in ground floor companies capable of affecting change in massive markets. And it’s not always the revolutionary technology that represents the largest opportunity.

Partners in Perpetuity

Venture capitalists do not build exceptional companies. Entrepreneurs do. We do not want to run, overtake or redirect any startup. Rather, we contribute our capital, sweat, expertise and extensive network of entrepreneurs, executives and corporate partners to support the founders we back. Seed-stage companies are inherently fragile, and access to capital doesn’t necessarily ensure success. One key customer, a simple overlooked data point, or even the right product positioning can make or break a company. We form true partnerships with our portfolio companies, playing a supportive role and providing meaningful value to help bridge them from fragility to stability, and we’re right by their side from funding until the day they merge, are acquired or IPO.


We hold an appreciation for curious, inquisitive people.


Jonathan was born and raised in the start-up ecosystem surrounded by technology entrepreneurs. He has an exceptional understanding of how to build and scale products and an innate ability to network as well as discover incredible companies. After graduating from Yeshiva University, Sy Syms School of Business, Jonathan was the Director of Marketing at Sheets Brand Energy and Sleep Strips, helping launch their national advertising campaign in over 50,000 retail locations. He parlayed his experience into founding Socialosity, a digital marketing agency connecting brands with top-tier celebrities and influencers (LeBron James, Serena Williams, Pitbull, Chris Paul, etc.) through social media. Most recently, he was Co-founder of Kodiak Samurai, a NYC-based social media agency catering to complex global brand clients including Amazon’s, Rolling Stone Magazine, and Polaroid, among others. Jonathan has gained a deep understanding of branding and product design while working at 100 Mile Group, a New York City based brand incubator, as well as through working with numerous early-stage businesses as an angel investor, advisor and mentor. Jonathan is originally from South Florida, though he now resides in New York City. He is a Board Member at Gift of Life Bone Marrow Foundation, which is one of the largest public bone marrow and blood stem cell registries. Jonathan is also on the boards of Airspace Link, IrisVR, Wade and Wendy and Mezzobit (Acq. by OpenX), a board observer of Netomi, Treno, Co-op Commerce, Dandy and Pienso, and serves as an advisor to a number of other businesses. LinkedIn Twitter

With a background in finance, business development and operations, Geoff spends most of his time assisting portfolio companies in these core areas, as well as managing Indicator’s internal operations. After graduating magna cum laude from Brown University with a degree in Economics and Applied Math, Geoff spent four years in investment banking at Jefferies & Company where he helped underwrite over $10 billion in high yield bonds and leveraged loans for businesses across all industries. Following Jefferies, Geoff joined HighVista Strategies, a Boston-based hedge fund with $5 billion AUM as an associate and member of the Investment Committee. He was responsible for sourcing and analyzing investment opportunities across multiple sectors and asset classes, focusing primarily on illiquid investments including real estate, infrastructure, private equity and venture capital. Prior to co-founding Indicator Ventures, Geoff co-founded Borderless Ventures, an advisory and consulting business catering to early-stage businesses. For his clients, Geoff wrote business plans, investor presentations, and marketing plans, built corporate models, negotiated terms and helped with fundraising. Geoff was born and raised outside of Boston, and currently lives in the city with his wife Taylor. He’s actively involved in the Boston community and currently serves on the Board of Trustees for the Boys & Girls Clubs of Boston and on the Board of Overseers and Finance Committee at the Beth Israel Deaconess Medical Center. Geoff currently serves on the Boards of Shibumi, Simplifeye, Cielo24, and Boston Biomotion. LinkedIn Twitter AngelList

After graduating from The College of William & Mary with a dual degree in finance and accounting, Baiyin began her career in investment banking at BB&T Capital Markets. She then transitioned to venture capital at ClearSky, making cleantech and cybersecurity investments such as Cylance (acquired by Blackberry for $1.2B) and Resilient Systems (acquired by IBM). Baiyin later joined OpenView Venture Partners, a preeminent Boston-based VC fund with over $1.4B under management, where she made investments in B2B software companies such as SwiftStack (acquired by NVIDIA), Logikcull, and In 2016, she was recruited by Boston-based Ascent Venture Partners to invest in early-stage enterprise software, serving on boards and investing in fast-growing tech companies such as GR8 People, Splash, Connected2Fiber, Promoboxx, RapidMiner, and Revulytics (acquired by Flexera).

While an undergrad, Baiyin also founded the first University chapter of Net Impact, a global organization with 130,000+ members and 400+ chapters that mobilizes next-generation leaders to use their skills and careers to make a positive impact on the world. She is an active member of the Boston community, serving on the board of the New England Venture Network, a community of emerging VC leaders, and as a docent at the Museum of Fine Arts. Baiyin and her husband Austin are based in Boston but love escaping to Miami with their pup Hunter. LinkedIn

Having spent over a decade in experiential marketing, branded entertainment, digital marketing and social media, advising, and operating various early-stage businesses, Ben brings invaluable expertise to Indicator Ventures’ portfolio companies as well as helping inform and structure Indicators’ investment philosophy and protocol. Upon graduating from UVM, Ben began his career at Clear Channel Entertainment (now Live Nation) where he built and ran branded entertainment programs for Fortune 100 companies. From there, he joined Tenth Street Entertainment, where he ran a team of 20 and executed corporate partnerships and licensing deals to support and advance artists’ careers, images and business interests. Ben left Tenth Street to co-found Apex Exposure, one of the first pure-play social media agencies, later acquired by Big Fuel/Publics. At Big Fuel Ben was responsible for managing global marketing campaigns for GM, Samsung, and Starwood Resorts, among others. Throughout his career, Ben has helped a number of successful start-ups as a founder, advisor, investor and mentor. Ben is originally from the Greater Boston area, lived in New York City for over a decade, and now lives in the San Francisco Bay Area. He’s highly engaged in the entrepreneurial community as well as several causes that are personally important to him. He serves as a mentor at Entrepreneurs Roundtable Accelerator in NYC and is on the Board of Experience Camps, an organization supporting young people who have experienced the loss of a parent and/or sibling. Ben also serves as a Board Member at Brainscape and Inkshares. LinkedIn AngelList  

David is an Associate at Indicator Ventures where he actively sources, evaluates, and diligences new deals, as well as works with the General Partners to support existing portfolio companies. Prior to joining Indicator, David worked at Examity, an education technology startup based in Boston, as a Leadership Associate where he supported all levels of the executive team on day-to-day operations, strategy and growth. David graduated from Elon University’s Martha and Spencer Love School of Business with a degree in Finance, where he was a leading member of the Phoenix Capital Investment Club. He is currently an active volunteer and member of the Friend’s Council at the Boys & Girls Clubs of Boston. In his free time, David is an avid golfer and surfer. LinkedIn

Greg is a mobile product, growth hacking and user acquisition expert. He is currently the Founder and CEO of Islands, a digital communication platform and Indicator portfolio company. Previously, Greg was Founder and CEO of 5by, an award-winning mobile platform acquired by StumbleUpon, which Forbes remarked, “might be the fastest startup-to-sale company in the social media technology category.” Greg was profiled as a “top tech entrepreneur” by, and has been quoted on tech industry matters by Forbes, Mashable, LA Times, Adweek, and Reuters. LinkedIn Twitter AngelList

Stella serves as CTO at MDC Media Partners (NASDAQ: MDCA), a large media agency which includes Assembly, Allegory, EnPlay, Trade X, Unique Influence and Varick. Stella is also an Advisor to MDC’s Venture Capital Fund. She is a co-founder at Born AI, the world’s first AI agency and was a former Vice President of Digital at Media Assembly as well as Dentsu, which was acquired by GM. Stella has a breadth of experience working on global operations and business integration issues, and she has worked extensively with big brands to help assess artificial intelligence technologies.   LinkedIn Twitter

Birago has a deep understanding of Artificial Intelligence, Machine Learning, VR/AR and the UI/UX that powers it. He dedicated his Masters program at MIT to studying AI, HCI and User Experience. He is the President and Founder of the MIT Media Lab Alumni Association and has worked with companies including Google, Motorola, and Cisco, among others. Birago is a mentor at Google’s 30 Week accelerator program and speaks regularly at conferences around the world. Birago is Co-founder and CEO of Pienso, an Indicator Ventures portfolio company democratizing Machine Learning. LinkedIn Twitter

Neil is a frontier technology expert with a passion for design thinking and data-driven decision making. Neil was formerly at Draper Labs and Bridgewater Associates, after having received his M.S in Electrical Engineering from Stanford University. Neil works with a variety of large corporations on projects, initiatives, and strategy related to VR/AR, Internet of Things, and the transition from products to services. Neil is currently a Platform Ecosystem Strategy Consultant at Bose, where he delivers detailed corporate strategy for the development of the Bose AR platform. He is also the founder of BostonAR, a nonprofit augmented reality accelerator dedicated to growing the frontier technology ecosystem in Massachusetts. LinkedIn Twitter

Zack has nearly 15 years of experience as a strong growth and product practitioner. He has been influential in scaling multiple high growth startups from early stage to successful acquisition. Currently, Zack is the CEO of Dribbble, a place to show and tell, promote, discover, and explore design. He was formerly the Head of Growth and Marketing at AutoDesk Marketplaces, Chief Growth Officer at Creative Market and VP of Growth at Hired. Zack is a speaker at startup conferences around the globe, and recently named a Top 50 Growth Expert by Tradecraft. LinkedIn Twitter

Kyle knows a thing or two about technology and building businesses. He entered the entrepreneurial world at the age of 14 so that he could buy parts to build a computer. He started two businesses after college and then got into venture capital, mobile apps, big data, and eventually IoT. Today, Kyle is the Chief Labs Officer of ReadWrite Labs, an accelerator program for hardware developers in the IoT space that is focused on connecting technological experts, thought-leaders, corporate/startup executives, and investors as they build emerging technologies through fostering dynamic relationships. Kyle spends his time between San Francisco and Asia. Linkedin Twitter

Aditya is an experienced technology, product, strategy, operations, and commercialization leader in the fields of VR/AR, IoT, and enterprise software. He has held key roles at a variety of complex organizations from startups to large enterprises, particularly General Electric. Most recently, Aditya was VP of Product at Troops, the leading integration platform between Salesforce and Slack. Linkedin Twitter

Daniel is an entrepreneur and ecommerce guru who is passionate about helping startups succeed. He is currently the CEO of Cory Vines, which Forbes dubbed the “Warby Parker of activewear.” With a CPA and prior experience at Ernst & Young and PricewaterhouseCoopers, Daniel also brings a strong background in finance and accounting. LinkedIn Twitter AngelList

Eric is a master of process, fundraising, operations, and networking. He has been an entrepreneur, investor, consultant, and advisor to many startups and high growth companies including American Express, Betfair, Professional Poker League, PayPal,, CBS Sports, and StubHub. Eric is the Co-Founder of Medaptive Health, a digital health company that develops technology to improve the lives of people facing challenging health conditions. He also spends time consulting and advising a number of Indicator’s portfolio companies and several other well-known businesses. LinkedIn Twitter

Steven is a tech industry veteran, a prolific angel investor and highly engaged at the leading edge of innovations through his company affiliations and in multiple capacities which include board member, chairman and advisor. Prior to establishing his private investment group he was founding Executive Vice President at Juniper Networks, former Vice President at Cisco and former Managing Director and General Manager at StrataCom. He began his technology career as a programmer and remains most intrigued by initiatives related to the commercialization of software platforms with particular interest in the scaling of operations and sales. He also is President & Founder of the Brain Science Foundation (BSF) a nonprofit organization dedicated to finding a cure for brain tumors and brain cancers as well as to advancing the understanding of brain function as it relates to these maladies. LinkedIn

Eliza is instrumental in supporting Indicator’s financial due diligence for potential investments, as well as supporting existing portfolio companies’ CFO needs, as more times than not early-stage businesses have not filled this role. She has served as a freelance CFO as well as CFO at Nomad Financial, a financial services provider for businesses. Additionally, Eliza has worked for several large media businesses, including CORE Media Group, Endemol, and Warner Music Group. Previously, she was an Investment Banking analyst at Goldman Sachs. LinkedIn AngelList

John has the rare qualities of both a CTO and COO—he is able to explore and comprehend something highly technical, articulate it, and drive business operations on top of it. He was the Co-Founder, President, and CTO at BuzzTable (acquired by Sysco). Currently, John serves as an Entrepreneur in Residence at ConsenSys, where he explores opportunities in the crypto and blockchain space. He previously worked at Microsoft and BAE Systems, where he oversaw and developed a web-based collaboration app for U.S. Government intelligence analysts. John also co-founded, a visualization technology for nonprofits. LinkedIn Twitter AngelList

Jerod Mayo is a former NFL star, Pro Bowler and Super Bowl Champion who currently serves as the inside linebackers coach for the New England Patriots. Jerod previously served as the Executive-in-Residence at Optum, where he helped progress the technology division of health insurance company UnitedHealth Group. He is also a prolific angel investor with a portfolio that includes some of the most noteworthy venture-backed companies and an all-star when it comes to business development.


David is the Chairman and Global CEO of Young and Rubicam, a $5B+ subsidiary of WPP. He has a reputation as one of the industry’s most innovative and progressive new media strategists, and is constantly tapped for his marketing and digital expertise around the world. Previously, he was the COO and Vice Chairman at Wunderman. He currently serves as a Director of the American Advertising Association and the Chair of UNICEF’s New York Board.

David serves as Snapchat’s Head of Business and Corporate Development for the company’s Content division. He is responsible for Snapchat’s content holdings, which range from the Discover platform to its Live Stories efforts. Previously, David served as News Corp’s Senior Vice President and Global Head of Business and Corporate Development, as well as President of the New York Post. He has spent his career in consulting and executive roles with digital media companies.

Elliot has more than 35 years of experience as an investor, founder and senior executive, and is recognized for his expertise in business strategy, strategic business development and company building. As an investor, Elliot has achieved one of the most impressive track records, with over a 6X multiple on invested capital, 35% IRR and a .750 batting average. Some of the market leading investments he’s made include Echo Nest (acquired by Spotify), Vela Systems (acquired by Autodesk), Acacia Communications (#1 technology IPO in 2016) and many others. Elliot has been involved with four businesses as a senior executive and/or founder, two of which went public. He currently serves as a Senior Advisor at Magic Leap and a Board Member at OnShape and Seniorlink, among other engagements.

Jeff has served in the Office of the Chairman of Gordon Brothers Group since 2001. Prior to that, he spent over 20 years on Wall Street, where he was a general partner and senior managing director at Bear Stearns, running the retail investment banking group and serving as vice chairman of the Valuation Committee, and previously worked in corporate finance at Lehman Brothers. He has served as a Director for a number of public companies, including 10+ years on the Board of Nortek (NSDQ:NTK, recently acquired by Melrose Industries PLC for $2.8B). Jeff has been active in a number of community organizations and currently serves on the boards of the Boys & Girls Clubs of Boston and Facing History & Ourselves.

Lynda has been a professor at Harvard Business School for over 25 years. She is an expert and author on entrepreneurship and technology innovation. She has one of the most incredible networks around, having led Harvard’s Executive Leadership program with students including leaders of various countries, global CEOs, executives, and entrepreneurs. Lynda served on the Tech Advisory Board for NASDAQ, and has advised the White House and World Bank on technology issues.

Jim is an incredible resource and sets a high bar for counsel in the entrepreneurial world. He is a Partner in the Palo Alto office of Wilson Sonsini Goodrich & Rosati, where his practice focuses on corporate and securities law. Throughout his 18 years of legal experience, Jim has represented corporate, angel, and venture capital firms and has completed over 250 investment and exit transactions. His clients include companies across a diverse range of industries, including digital media, internet, medical devices, mobile, security, and software. LinkedIn


Established partnerships allow us to efficiently extend our network and the value we provide to portfolio companies.


Dedicated, focused and inspired.





  • Bay Area Almanac, Edyn, TBH, Inkshares, Islands, Lob, VIDA
  • Los Angeles Area Caplinked, Cielo24, Nimble, OpenX
  • New York Bond, Brainscape, BuzzTable, Circa, Entrypoint, IrisVR,
    Mezzobit, Netomi, Noble Markets, Pienso, Shibumi, Simplifeye, Wade & Wendy
  • Boston Catch, DataBento, Everbloom, GoodPath
  • Other Boxes – Miami, Brave Care – Portland, Unikrn – Seattle,
    Dandy – Philadelphia, Airspace Link – Detroit

Airspace Link


Founders: Michael Healander, Daniel Bradshaw and Ana Healander


Airspace Link partners with communities to empower safer drone airspace planning. The company’s powerful FAA-certified SaaS platform sits between pilots, the FAA, and state and local governments to determine where drones can fly, while offering near real-time approvals and alerts from all the key stakeholders.



Founders: Adam Nathan, Taylor Thompson, Malinda Coler and Dan Bartlett

Almanac is a knowledge base that combines wisdom from tech leaders with your team’s own practices, letting you discover answers from the most talented experts in tech and customize them to build your own playbooks.



Founders: Sonny Caberwal

Bond is on a mission to make personalized communication easier, at scale. Bond enables real handwritten notes using both hardware and software that learns and recreates human gestures. From self-service to secure API + CRM integrations, Bond integrates into any workflow – enterprise and consumer – to send handwritten notes on personalized stationery, in seconds, on demand. Acquired by Newell Brands (NYSE: NWL)



Founders: Solomon Engel & Aaron Anderson

Boxes is a platform that brings collectors together from all of over the world to give them an experience comparable to physical trade shows where they are able to catalogue, trade, buy and sell their collectables. Acquired by Loot Crate



Founder: Andrew Cohen

Brainscape is a web and mobile education platform that optimizes learning for the 600 million people who study in school, at home or in the workplace. Based on the concept of “smart flashcards,” millions of teachers and students use Brainscape to create, share and find curated topics, then study using an adaptive learning system rooted in cognitive science. Brainscape’s marketplace of content contains hundreds of thousands of topics easily accessible to all.

Brave Care


Founder: Darius Monsef, Corey Fish, Maryam Taheri


Brave Care is a tech-enabled modern pediatric healthcare platform. The Brave Care model combines the best of Urgent Care, Primary Care and Telehealth/Telemedicine to provide easy, affordable, quality care to kids.



Founders: Warner Siebert, John Brennan, John Williams & Mike Cerrone

BuzzTable is a wait list app and a guest management platform for restaurants to better engage with walk-in patrons and generate customer loyalty. Acquired by Sysco Foods (NYSE: SYY)



Founders: Eric Jackson & Christopher Grey

CapLinked connects influencers and professionals who want to securely share information with multiple enterprises, making it faster, safer, and easier to manage business transactions in the cloud. Globally recognized customers in over 40 countries use CapLinked for capital raises, asset sales, mergers & acquisitions, real estate deals, investor & board reporting, business development negotiations, and other types of complex business transactions. The Wall Street Journal called CapLinked “the go-to place for setting up and closing deals,” and Inc. Magazine named CapLinked to its list of 5 Back-Office Tech Innovations.



Founder: Sheena Allen

CapWay provides financial access and opportunity to the 30M+ unbanked, underbanked, and working, poor millennials. A mobile-first platform, CapWay provides debit cards to an audience not familiar with or untrusting of the traditional banking system. The debit cards are combined with financial education, recommendations and opportunities to help guide users on a path to financial health.



Founders: Andrew Ambrosino & Kristen Tyrrell


Catch is redesigning benefits to put people at the center of their own financial stability and security. For freelancers, contractors, and workers without access to employer benefits, Catch automatically handles tax withholding, builds long-term investment savings, and provides critical insurance products.



Founder: Brian Plackis-Cheng & Vietor Davis


cielo24 delivers searchable captions as a highly scalable and on demand web service for large media partners in the online education, enterprise, and entertainment markets. Their solution drives ROI through broader viewer reach and accessibility, increased engagement, and audience retargeting through its intelligent media data. cielo24 has provided searchable metadata for 100K’s of videos, for market leaders including Kaltura, Coursera, Vice, Wall Street Journal and many others.



Founders: Matt Galligan, Ben Huh, & Arsenio Santos

Circa delivers news in a unique format – native to mobile devices with an experience intuitive to mobile users. Through comprehensive yet to-the-point updates paired with an engrossing mobile experience, Circa redefines how news is produced, delivered and consumed. Unlike most news sites and readers, which take articles written for the Web and reformat them for mobile devices, Circa’s content is born on mobile. Circa’s mission is to pursue a more pure definition of news with truths divorced from conjecture, opinion or biases analysis. Acquired by Sinclair (NASDAQ: SBGI)

Co-op Commerce


Founder: Conner Sherline

A premium network of brands / services that believe they’re better together. Co-op Commerce is building products to knock down the walled garden and give individual e-commerce brands the superpowers of marketplaces by working together to drive sustainable growth.



Founders: Toni Oloko & Daniel Hanover


Dandy is a business-in-a-box for dentists, and aims to become the operating system for dentistry in America as the dental industry digitizes.



Founders: Christina Qi & Luca Lin


DataBento provides data on-demand. Their platform allows you to customize your financial data set, get pricing in real-time, and pay for only what you need.


Founders: Jason Aramburu

Edyn has built a smart, connected system to help conserve water and improve crop health and yield. Designed in partnership with Yves Behar, Edyn’s smart garden system lets you know what’s happening in your garden at all times. Inserted in the soil, the Edyn Garden Sensor gathers and analyzes data about changing weather and soil conditions. The Edyn mobile App displays this data as a real-time snapshot of your garden, and pushes alerts and suggestions to maximize plant health. The Edyn Water Valve uses this data to intelligently control your existing watering system, watering your plants only when needed at an optimized level.



Founders: Carissa Flocken & Ben Doyle

Entrypoint helps content creators bypass the arduous process of making interactive 360 video and Virtual Reality content by providing a self-service platform that allows users to “drag and drop” elements into an interactive video. Once the video creation process is complete, the platform outputs a simple URL, which eliminates the need for viewers to download mobile applications which is currently how most major publishers are sharing VR content.




Founders: Andrew Rollins & Scott Pirrello


Everbloom is a next-generation cryptocurrency exchange that brings the power and security of decentralized exchanges to market participants in a reliable, trustworthy, and easy to use manner. Everbloom will incorporate institutional trading tools and provide a new approach to cross-chain trades, all while maintaining a high standard of complete transparency.



Founders: Nathalie Walton & Mark Krassner


Expectful is on a mission to become the go-to wellness platform for hopeful, pregnant, and new moms. Expectful’s meditation and sleep platform has already transformed the lives of thousands of expectant and new families. Their vision is to build on this success by broadening Expectful’s offerings and growing it into the go-to wellness resource for anyone in their motherhood journey.



Founders: Bill Gianoukos & Carl Nehme


GoodPath is the only ecommerce platform where you can find personalized, curated solutions for chronic medical conditions. GoodPath will digitally guide customers to pinpointing the right treatment options and prevention methods while supporting them on their way to better health.



Founders: Jessica Kim & Steven Lee

ianacare helps you build a virtual mobile-first care team for family caregivers. Our mission is to encourage, empower, and equip family caregivers so they can fulfill one of the greatest purposes in life. We advocate for big picture changes while creating tangible support and tools today.



Founders: Thaddeus Woodman & Adam Gomolin


Inkshares is a social platform that powers book publishing through crowdfunding, effectively filling the gap between self publishing and traditional publishing. They utilize crowdfunding as a barometer for demand, while also generating rich demographics to be leveraged for future marketing. This unique model allows Inkshares to provide all the services and distribution as a full stack publisher but with significantly greater upside (royalties) to authors. Moreover, the social nature of the platform allows authors to create a direct connection with their audience, something they can’t do through traditional publishers.



Founders: Shane Scranton & Thomas (Nate) Beatty


IrisVR is the first professional-grade, cloud-based suite of Virtual Reality software products designed to fit into professional workflows for architects, engineers, designers, and owners. Their inaugural software product is a simple drag and drop interface that immediately renders 3D files into a Virtual Reality environment, allowing users to visualize unbuilt space via a virtual walkthrough. With IrisVR, the AEC industry can save billions of dollars by leveraging this new technology pre-construction.


Founder: Greg Isenberg

Islands is the brain child of Greg Isenberg.  Greg is a venture partner at Indicator Ventures and an entrepreneur with a track record of building and selling great companies.  Greg’s first company, 5by was acquired by StumbleUpon where he helped lead strategic growth initiatives as part of their management team. Greg left StumbleUpon at the end of 2015 to focus on building Islands with the original founding team from 5by. Acquired by WeWork.



Founders: Leore Avidar & Harry Zhang


Lob provides a suite of print and mail APIs that enables companies to send physical mail as easily as sending emails. Developers can use Lob to send transactional postcards, posters, letters, photos, checks, and greeting cards via a self-service API.



Founders: Joseph Galarneau, Joseph Titlebaum & Ihab Rimawi

For the first time, digital publishers and brand marketers can completely control third-party interactions with web and mobile visitors and stop unauthorized data collection, thanks to Mezzobit’s Audience Value Platform. Their products not only boost revenue and cut costs, but also speed up site and ad performance, making for happier visitors and advertisers. Acquired by OpenX



Founders: Puneet Mehta


Netomi is an AI platform that provides a smart, seamless way for enterprises to automate customer service interactions on email, chat and social.



Founders: Jon Ferrara


Nimble helps nurture stronger relationships for increased productivity and business success. It is the next evolution in relationship management, founded by the inventor of the original CRM system (Goldmine). Nimble gives you actionable insights to surface the data that matters to you and is key to authentic engagement and richer relationships, making sales and relationship management more efficient and effective.

Noble Markets


Founders: Krishan Singh

Noble is a next-generation transactional bank that enables clients to clear, net and settle OTC and FX transactions in real-time. By enabling increased access to the financial markets at significantly lower costs, Noble’s value proposition to the world’s largest institutional clients fundamentally increases their competitiveness in global OTC markets.



Founders: Jason Fairchild & CEO Tim Cadogan


OpenX is a global leader in programmatic advertising. OpenX creates programmatic marketplaces where premium publishers and app developers can best monetize their content by connecting with leading advertisers that value their audiences. By remaining focused on creating powerful and effective publisher solutions, OpenX has created a highly efficient programmatic platform that provides optimal value for both sides of every transaction.



Founders: Birago Jones & Karthik Dinakar

Pienso is a self-serve, enterprise-ready interface for non-technical analysts, domain experts, and knowledge workers to create and manage training data in the machine learning process, and act as the human in the loop. As a versatile platform, Pienso runs stand-alone, within a user workflow, or connects to client applications via API.



Founders: Xander Oltmann & Chris Stanley

Fast growing technology companies are being hindered by implementation. Leading to lost opportunities, longer sales cycles, or higher churn. With Scope’s all in one implementation management platform and expert network, companies can now expand their markets, increase time to value, and reduce churn with or without their own implementation talent.



Founders: Robert Nahmias, Jason Bobby, Mark DiGirolamo & Ken Pellegrino


Shibumi helps organizations manage strategic business initiatives, measure performance and ensure success with a focus on continuous improvement. The cloud-based application is a turn-key solution for customers ranging from sales teams looking to establish and improve territory performance to enterprise-level clients running complex business improvement programs.



Founders: Ryan Hungate


Simplifeye is the only secure and real-time application suite for dental teams and other medical professionals to get in sync. Simplifeye engineering combines modern technology with existing practice management software, allowing schedule and patient information to seamlessly move between Simplifeye’s apps on smartwatches, phones, desktops and tablets.



Founder: Cat Noone

Stark is a suite of integrated accessibility tools for your product design and development team. More than 300,000 designers, developers and product managers at companies of all sizes use Stark’s integrated suite of tools to make their software products more accessible and compliant.


Founders: Nikita Bier & Erik Hazzard

TBH, short for “to be honest,” is a social app that lets teens send each other compliments anonymously. The app only allows its users to say positive things about other users, a limitation that, believe it or not, only seems to make the app more popular. The app has been downloaded by millions of teens within the first month of launching in only a few select states and has reached #1 in the app store. Acquired by Facebook (NASDAQ: FB)



Founder: Andre Hill


Building quality software is difficult, and most enterprises struggle with it. At Treno, we are building a platform that optimizes the way that software development teams build and deliver projects.



Founders: Karl Flores & Rahul Sood


Unikrn is an eSports wagering service for fans and newcomers alike to gather, game and bet on eSports in a safe and legal environment. With games like League of Legends, Counter-Strike: Global Offensive, Dota 2 and more, there’s always something to watch and bet on at Unikrn. Unikrn’s mission is to increase the engagement and passion already surrounding eSports.



Founder: Umaimah Mendhro

VIDA is an e-commerce platform that takes advantage of direct-to-fabric technology resulting in the large scale production of unique apparel from designers around the world. With this process, any submitted design can go from sketch to completion in a week with any of VIDA’s manufacturers. By carefully selecting its partnerships, VIDA is bridging the gap between artists and consumers while promoting socially responsible fashion. Acquired by Cimpress (NASDAQ: CMPR)

Wade & Wendy


Founders: Drew Austin


Wade & Wendy are artificially intelligent assistants which leverage machine learning and big data to make hiring more human and efficient. Wade is a Machine Intelligent Assistant that helps people navigate their careers and find the right opportunity. Wendy is a Machine Intelligent Assistant that helps companies identify the right talent to fill their open roles.


Written by: Indicator Team

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