Hercules Capital focuses on providing venture debt, senior secured loans, and growth capital to innovative, high-growth, venture-backed companies primarily in the technology and life sciences sectors. Their strategy involves offering customized financing solutions, predominantly structured debt with warrants, to maximize total returns through current income and capital appreciation while minimizing equity dilution for their portfolio companies.
They made 1 investments in the last 12 months. Their most common stage is series-f (40% of deals). Average disclosed round size is $129.7M (across 5 rounds with reported amounts).
Portfolio
5
Fund Size
$5B
Top Stage
Series F
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Jobandtalent | Series F | $103M | Apr 2025 |
 Shield AI | Series F | $300M | Dec 2023 |
 Bright Machines | Growth | $132M | Oct 2022 |
 SingleStore | Series E | $80M | Dec 2020 |
 Contentful | Series D | $33.5M | Dec 2018 |
Top Co-Investors
General Catalyst1 shared
Benchmark1 shared
Balderton Capital1 shared
Sapphire Ventures1 shared
OMERS Ventures1 shared
Salesforce1 shared
Eclipse Ventures1 shared
Silicon Valley Bank1 shared
Insight Partners1 shared
Accel1 shared
Dell Technologies Capital1 shared
Anchorage1 shared
Glynn Capital1 shared
GV (Google Ventures)1 shared
Rev IV1 shared
Atomico1 shared
BlackRock1 shared
DNS Capital1 shared
InfraVia Growth1 shared
Kibo1 shared
Last updated: 8 March 2026