High Alpha Portfolio Companies Malomo and Socio Among Winners at 2021 Mira Awards

TechPoint recognized multiple High Alpha portfolio companies during the 22nd annual Mira Awards gala held on Thursday, April 22nd.

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High Alpha

INDIANAPOLIS — April 23, 2021TechPoint, the nonprofit, industry-led growth initiative for Indiana’s technology ecosystem, recognized multiple High Alpha portfolio companies during the 22nd annual Mira Awards held on Thursday, April 22nd.  

The Mira Awards—with presenting sponsor Salesforce— celebrates the best of tech in Indiana each year. They honored 122 nominees across the Hoosier state including innovative people, companies, places, and products. 

Here are the winners from across the High Alpha portfolio:

Scale-up of the Year: Socio

Socio re-engineered its in-person events management platform in less than three months, stood up a professional services team, and continued hiring to keep up with an explosion in demand for virtual events during the pandemic. Socio has since found a recipe for continued success with its approach to hybrid events. The company is profitable and preparing to double in size and revenue again this year, all while maintaining its award-winning company culture at locations in Indianapolis, Lafayette, and in Istanbul, Turkey.”

High Alpha Capital led Socio’s $6M Series A round in 2019 to support the expansion of the events management platform. 

Startup of the Year: Malomo

“In 2020, Malomo’s shipment tracking platform helped eCommerce merchants and their customers track more than seven million orders around the world, alerting them of delivery issues as they happen. The startup has transformed shipping from a cost center into a profitable marketing channel by driving millions of dollars in repeat revenue for retailers. Malomo also doubled its headcount and grew its revenue by 500% last year.”

High Alpha first invested in Malomo in 2019 to support their mission of helping merchants turn their shipment tracking experience into a revenue-generating marketing channel.

Rising Entrepreneur Award: Yaw Aning, Malomo Co-Founder and CEO

“Serial entrepreneur Yaw Aning’s latest venture is Malomo, a shipment tracking platform for high-growth merchants. Malomo has tracked millions of shipments since Yaw co-founded the company in late 2018, and grew 500% in 2020. Yaw has raised a total of $8.2 million in funding so far, he’s credited with one of the largest single Indiana seed funding raises of the last year and the largest by a Black founder. When less than 2% of venture dollars go to Black founders, securing the largest investment of the year in your state is a big deal. The Mira Awards judges were impressed by Yaw’s story of success, including his failures, from which he learned, grew, and moved on to solve new business problems that are clearly gaining more than just traction, but significant national attention and financial success.”

In addition to our award winners, TechPoint also nominated High Alpha portfolio companies Filo, High Alpha Innovation, Docket, and Encamp.

You can find more information about the event and the full list of 2021 Mira Award winners here.

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