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Area Development - Site Selection, Facility Planning and Workforce Development

MetaCX Expands Operations in Indianapolis, Indiana

05/15/2019
MetaCX, a high-growth, venture-funded Software-as-a-Service startup, plans to scale up its operations in Indianapolis, Indiana. The project is expected to create up to 75 new, high-wage jobs by 2023.

The company will invest $1.4 million to lease, renovate and equip office space on the 10th floor of the Salesforce Tower at 111 Monument Circle. Led by Scott McCorkle, former President of ExactTarget & CEO of Salesforce Marketing Cloud, the company will officially launch its platform later this summer, thus closing out beta testing that began in January. In December 2018, MetaCX announced a $14 million funding round led by Upfront Ventures, a Los Angeles-based venture capital firm, in coordination with High Alpha. High Alpha is a venture studio that helps conceive, launch and scale next-generation enterprise cloud companies.

“We’re very excited to be officially launching our MetaCX platform later this summer," said McCorkle, co-Founder & CEO of MetaCX. "We’ve been in stealth mode building something revolutionary that will change the way that companies deliver on their customer success promises. Scaling our operations in Indianapolis will be absolutely instrumental for our growth.”

The Indiana Economic Development Corporation offered MetaCX up to $2.55 million in conditional tax credits based on the company’s high-wage job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.

The company utilized the state’s Venture Capital Investment tax credit program to support its initial scale up. The program helps entrepreneurs and startups attract capital more quickly by giving investors an additional incentive to invest in growing firms.

"Indiana’s reputation as a competitive tech hub continues to grow thanks to the innovation and commitment of companies like MetaCX and High Alpha,” Governor Eric J. Holcomb said. “Tech jobs in central Indiana are growing twice as fast as the U.S. average because industry leaders and entrepreneurs are invested in this community, choosing to develop new solutions here, helping partners start and scale, and attracting top talent to the state. To support these efforts, we’ll do our part to ensure Indiana’s business climate is designed to support 21st century growth and to prepare our talent pipeline for the jobs of tomorrow.”

"With MetaCX’s expansion and the addition of 75 high-wage jobs, Indianapolis likewise expands its claim as the tech capital of the Midwest,” Mayor Hogsett said. “This company represents the home-grown innovation that Indianapolis is known for, and I applaud Scott McCorkle and the entire MetaCX team on their success. As we continue to make post-secondary STEM degrees more accessible for more city residents, our growing tech sector will further benefit from our city's strong talent pipeline."

"One of the best things that can happen in a tech ecosystem is to have experienced entrepreneurs and executives boldly starting and scaling companies that are chasing big market opportunities," said Mike Langellier, President & CEO of TechPoint. "MetaCX is a perfect example and a further sign of Indy's accelerating growth as a major next-generation tech hub."

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