March 28, 2017
Indianapolis, IN – Kinney Group, Inc., a cloud solutions integrator serving the Global Fortune 2000, IT-centric mid-market companies, and US Public Sector organizations announced today that it secured investment from Elevate Ventures (Indianapolis, IN). The participation from Elevate Ventures rounds out Kinney Group’s Series A growth funding raise when paired with the investment from Plymouth Ventures (Ann Arbor, MI) last fall, bringing the total funding round to a close at $6 million.
“Kinney Group is on the edge of explosive growth,” said Sarah Nelms, Chief Operating Officer, Kinney Group, Inc. who led the strategy and execution to land the two partnerships. “With this round of funding we have fuel in the tank to meet market demands and scale our organization.”
“Kinney Group helps organizations harness the power of information technology in the cloud to make life better for their businesses, missions, and colleagues,” said Jim Kinney, CEO and founder of Indianapolis-based Kinney Group, Inc. “The investments from Elevate Ventures and Plymouth Ventures will help us accelerate our company growth in the areas of secure cloud computing, analytics, and data center automation.”
Founded in 2006, Kinney Group has become a leading solutions integration partner for technology platforms such as Splunk, AppDynamics, Puppet, VMware, and other next-generation platform providers that are enabling the “New IT” of the 21st century. Splunk, a California-based big data software firm, presented Kinney Group with its 2016 Public Sector Professional Services Partner of the Year, and earlier this year it was honored with the Global Partner Marketing Excellence Award from Splunk. Kinney Group was a TechPoint Mira Award nominee for Tech Company of the Year last year, and the company is also nominated in this year’s awards.
Elevate Ventures’ investment was made from the Indiana 21st Century Research & Technology Fund, a direct investment vehicle positioned to support early-stage high-growth companies. “Kinney Group has an impressive track record of organic growth,” said Chris LaMothe, Chief Executive Officer of Elevate Ventures. “We look forward to a strong partnership with the company and Plymouth Ventures to further capitalize on the market opportunities.”
About Kinney Group
Kinney Group is a cloud solutions integrator harnessing the power of IT in the cloud to improve lives. Automation is in Kinney Group’s DNA, enabling the company to integrate the most advanced cloud, analytics, and infrastructure technologies. Kinney Group delivers optimized solutions powering IT-driven business processes in the cloud for Public Sector agencies and Fortune 2000 companies. To learn more about Kinney Group, visit www.kinneygroup.com.
About Elevate Ventures
Elevate Ventures nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. Elevate Ventures accomplishes this by providing access to capital, rigorous business analysis and robust advisory services that connect companies with the right mix of resources businesses need to succeed long-term. To learn more about its team and funds under management, visit www.elevateventures.com.
About Plymouth Ventures
Plymouth Ventures is the manager for Plymouth Venture Partners I, Plymouth Venture Partners II and Plymouth Ventures Partners III. The company has four partners, Mark Horne, Jeff Barry, Kevin Terrasi and Evan Ufer. Plymouth was founded by Ian Bund who remains active as a Senior Advisor. The firm is headquartered in Ann Arbor, Michigan. To learn more about Plymouth Ventures, visit www.plymouthvc.com.