The Innovate Indiana Fund, which supports the creation and sustainment of a vibrant entrepreneurial ecosystem in Indiana, has invested $150,000 in MomentPath.
MomentPath is an Indianapolis-based child care software and day care app for parents, teachers and directors. It offers billing, scheduling, curriculum planning, daily reports and standards tracking.
Founder and CEO Caitlin Coffman said MomentPath also builds trust between parents and teachers.
"Teachers want to share the amazing work children are doing in the classroom, and parents are hungry for that information," Coffman said. "MomentPath bridges that gap in an easy and thoughtful way."
MomentPath will use the investment to conduct strategic marketing initiatives and product development.
The Innovate Indiana Fund has made investments in several companies, including Allinaire Therapeutics, Anagin, Apexian Pharmaceuticals, Canvas, Costello, Diagnotes, Periodic, PrecisionHawk and Rippleshot.
What they're saying
Caitlin Coffman graduated from IUPUI in 2003. Matt Coffman, her husband and MomentPath's COO, graduated from IUPUI in 2004.
"Having the fund's support is incredibly rewarding and very personal. To date, the support we have received from the IU community has been extraordinary. I couldn't be happier to maintain that special connection with the university and have the opportunity for us all to share in MomentPath's success." -- Caitlin Coffman, founder and CEO, MomentPath
About the Innovate Indiana Fund
The Innovate Indiana Fund was founded in 2010 by the Indiana University Research and Technology Corp. to make early-stage investments to help IU-related ventures achieve significant, value-creation milestones and ultimately grow to become healthy, self-sustaining businesses that add to the vibrancy of the IU entrepreneurial ecosystem.