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    Hercules Capital logo

    Hercules Capital

    Palo Alto, California, United StatesFounded 2003
    www.htgc.comLinkedIn
    Biotech & Life SciencesEnterprise SoftwareHardware & Semiconductors

    Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in technology and life sciences. Founded in December 2003, it has committed over $27 billion to more than 700 companies since inception.

    Deal activity decreased year-over-year (3 deals in the last 12 months vs 5 prior). Average disclosed round size is $83.6M (across 122 rounds with reported amounts).

    Find people at Hercules Capital on Goldilocks AI

    Portfolio

    78

    Fund Size

    —

    Top Stage

    Unknown

    Last 12 Mo

    2

    Team

    MD

    Michael Dutra

    Managing Director

    RY

    Roy Y. Liu

    Managing Director

    RS

    Ruslan Sergeyev

    Managing Director, Venture Lending

    EL

    Eddie Lopez

    Principal

    SB

    Scott Bluestein

    Chief Executive Officer and Chief Investment Officer

    CJ

    Catherine Jhung

    Co-lead Technology practice

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    130 investments
    CompanyRoundAmountDate
    HawkEye 360 logoHawkEye 360Series E$150MDec 2025
    Strive Health logoStrive HealthSeries D$550MSep 2025
    Jobandtalent logoJobandtalentSeries F$103MApr 2025
    CCurevo VaccineSeries B$110MJan 2025
    Remodel Health#1 ICHRA provider for brokers logoRemodel Health#1 ICHRA provider for brokersGrowth—Dec 2024
    RRemodel HealthUnknown$100MDec 2024
    SSynOx TherapeuticsUnknown$92MOct 2024
    Cloudian logoCloudianGrowth$23MJun 2024
    Harness logoHarnessUnknown$150MMay 2024
    RRemodel HealthUnknown$100MJan 2024
    Shield AI logoShield AISeries F$300MDec 2023
    Main Street Health logoMain Street HealthUnknown$315MOct 2023
    Strive Health logoStrive HealthSeries C$166MMay 2023
    Main Street Health logoMain Street HealthUnknown$315MJan 2023
    Strive Health logoStrive HealthSeries C$166MJan 2023
    Cloudian logoCloudianUnknown$60MJan 2023
    MMadrigal PharmaceuticalsUnknown$159MDec 2022
    Locus Robotics logoLocus RoboticsSeries F$117MNov 2022
    OOak Street HealthUnknown$300MNov 2022
    Bright Machines logoBright MachinesGrowth$132MOct 2022
    CCompeteSeries A$15MMar 2022
    CCurevo VaccineSeries A$60MJan 2022
    NNorthsea TherapeuticsSeries C$80MDec 2021
    Corium logoCoriumSeries D$235MSep 2021
    HiberCell logoHiberCellSeries B$67.4MMay 2021
    Page 1 of 6

    Top Co-Investors

    Intel Capital9 shared
    Domain Associates8 shared
    Redpoint Ventures6 shared
    OrbiMed6 shared
    Norwest Venture Partners6 shared
    Silicon Valley Bank5 shared
    Adams Street Partners5 shared
    Oak HC/FT5 shared
    ARCH Venture Partners5 shared
    In-Q-Tel5 shared
    RA Capital Management5 shared
    Tenaya Capital5 shared
    Dell Technologies Capital4 shared
    Venrock4 shared
    Cormorant Asset Management4 shared
    Sapphire Ventures3 shared
    CVS Health3 shared
    SR One3 shared
    Abingworth LLP3 shared
    Bain Capital Ventures3 shared

    Last updated: 7 September 2026