Investment Targets Industrial Innovation, High-Growth B2B Technology Companies Across Key Sectors
INDIANAPOLIS, IN (April 16, 2026) — The State of Indiana is reinforcing its position as a hub for industrial innovation with a $10 million investment in Roll Tack Ventures, a venture capital firm focused on scaling high-growth technology companies across the Midwest.
Announced by Governor Mike Braun, the investment will be deployed through Indiana’s 21st Century Research & Technology Fund and will support Roll Tack Ventures’ $50 million fund, Roll Tack 26. The initiative is designed to accelerate the growth of B2B technology companies with proven customer traction in sectors critical to the modern economy.
“This commitment supports the scaling of high-growth, high-wage technology companies that will collaborate with a wide array of industries in Indiana,” said Gov. Braun. “By supporting Indiana-based funds like Roll Tack, we are strengthening our innovation ecosystem and connecting new knowledge, expertise and technology with Hoosier businesses.”
Fueling Innovation Across Core Industries
The investment will target companies developing solutions for operational challenges across key industries, including:
- Advanced manufacturing
- Logistics and supply chain
- Energy
- Healthcare
- Insurance
- Critical infrastructure
By aligning public investment with private capital, Indiana aims to accelerate commercialization and adoption of emerging technologies that enhance productivity and competitiveness across these sectors.
“Deploying capital through the 21st Century Research & Technology Fund allows Indiana to align public capital with private market discipline,” said Secretary of Commerce David J. Adams. “This commitment strengthens the state’s long-term innovation strategy while maintaining a focus on responsible stewardship and measurable outcomes.”
Strengthening Indiana’s Innovation Ecosystem
Roll Tack Ventures focuses on early growth-stage companies—particularly those at the Series A and B stages—that have already demonstrated strong market demand. The firm leverages deep regional expertise and industry connections to help scale companies quickly and effectively.
“Access to Series A and B capital is critical for scaling technology companies that solve real operational challenges,” said Sarah Lerner-Mantel, managing partner of Roll Tack Ventures. “We back companies with strong customer traction and leverage our deep connections across the Midwest to accelerate growth.”
The firm’s leadership team brings extensive experience in entrepreneurship, venture capital, and operational strategy, including building and exiting multiple startups, leading early-stage investment initiatives at Purdue University, and driving innovation within major corporations.
Expanding Capital Access and Regional Collaboration
Since its founding, Roll Tack Ventures has developed a global network of operators, investors, and corporate leaders, connecting more than $50 billion in capital to opportunities across Indiana and the broader Midwest. The firm also maintains strong partnerships with universities and innovation ecosystems, supporting entrepreneurial education initiatives across 17 Indiana institutions in the past year.
The state’s investment underscores Indiana’s broader strategy to expand access to capital, foster collaboration between industry and academia, and position the state as a leader in next-generation industrial and technology innovation.
About the Indiana Office of Commerce
The Indiana Office of Commerce was established to align and accelerate the state’s economic development strategy and is led by Secretary of Commerce David J. Adams.
