IU Philanthropic Venture Fund has recently announced its first successful exit from the fund's investment portfolio with the acquisition of Doxly.
Doxly is an Indianapolis-based company led by founding CEO and IU alumna Haley Altman and Executive Chairman Christopher Clapp. It is a software as a service product that helps users collect and centralize legal documents in one place.
The IU Philanthropic Venture Fund invests in IU-connected companies and startups, and earned equity returns to the fund.
IU Ventures is a nonprofit organization dedicated to empowering Indiana University faculty, alumni and friends to support and invest in IU-affiliated innovation. The IU Philanthropic Venture Fund is one of its three major programs that aim to provide opportunities for IU-affiliated individuals and support growing enterprises. Read the Entire Article
A customized collection of grant news from foundations and the federal government from around the Web.
The Bank of America Merrill Lynch themselves, Social Finance Inc., New York State, the Center for Employment Opportunities (CEO), the U.S. Department of Labor, Chesapeake Research Associates, and The Rockefeller Foundation come together to address recidivism by training and employing ex-inmates.