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    HG Ventures logo

    HG Ventures

    Indianapolis, Indiana, United StatesFounded 2018
    hgventures.comLinkedIn
    Climate & EnergyConstructionManufacturingMobility & TransportationRobotics & Automation

    HG Ventures is the corporate venture capital arm of The Heritage Group, based in Indianapolis. It invests in early to growth stage companies developing advanced materials, infrastructure, environmental solutions, and industrial systems for a sustainable future.

    Average disclosed round size is $16.4M (across 26 rounds with reported amounts).

    Find people at HG Ventures on Goldilocks AI

    Portfolio

    36

    Fund Size

    —

    Top Stage

    Unknown

    Last 12 Mo

    3

    Team

    Ginger Rothrock

    Ginger Rothrock

    Managing Director

    John Glushik

    John Glushik

    Managing Director

    Kip Frey

    Kip Frey

    Managing Director

    Mitch Black

    Mitch Black

    Venture Director

    Natalie Cira

    Natalie Cira

    Principal

    Erin C.

    Erin C.

    Associate

    Jonathan Schalliol

    Jonathan Schalliol

    Finance & Operations Lead

    Sarah Minnick

    Sarah Minnick

    Senior Administrator

    Sarah Schlifke

    Sarah Schlifke

    Platform Manager

    NR

    Natalia Ruiz Saez

    Partner

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    38 investments
    CompanyRoundAmountDate
    R3 Robotics logoR3 RoboticsSeries A—Feb 2026
    Co-reactive logoCo-reactiveSeed—Jan 2026
    FREDsense Technologies logoFREDsense TechnologiesSeries A$7MSep 2025
    Voxel logoVoxelSeries B$44MJun 2025
    ElectraMet logoElectraMetSeries C$10MJan 2025
    FREDsense Technologies logoFREDsense TechnologiesSeries A$7MJan 2025
    Empyrean Solutions logoEmpyrean SolutionsUnknown—Nov 2024
    Fynk logoFynkUnknown—Oct 2024
    CINC Systems logoCINC SystemsGrowth—Dec 2023
    Material Evolution logoMaterial EvolutionSeries A$19MJun 2023
    AQUA Cultured Foods logoAQUA Cultured FoodsSeed$5.5MApr 2023
    SolarCycle logoSolarCycleSeries A$30MMar 2023
    SOLARCYCLE logoSOLARCYCLESeries A$30MMar 2023
    Circulor logoCirculorSeries B$25MJun 2022
    6K logo6KSeries D—May 2022
    Biosynthetic Technologies logoBiosynthetic TechnologiesUnknown$7.5MFeb 2022
    Valerann logoValerannSeries A$17MJan 2022
    Biosynthetic Technologies logoBiosynthetic TechnologiesUnknown$7.5MJan 2022
    Revalize logoRevalizeUnknown—Nov 2021
    Kindra logoKindraSeed$4.5MJun 2021
    Transcend logoTranscendUnknown$10MMay 2021
    Opsera logoOpseraSeries A$15MApr 2021
    Ateios Inc. logoAteios Inc.Seed$1.3MOct 2020
    Silverfin logoSilverfinSeries B—Jun 2020
    Equispheres logoEquispheresSeries B$30MApr 2020
    Page 1 of 2

    Top Co-Investors

    Techstars4 shared
    NewRoad Capital Partners3 shared
    Whitestone3 shared
    Rite-Hite3 shared
    MTech Capital3 shared
    Eclipse3 shared
    Spectrum Equity2 shared
    Prologis2 shared
    Fifth Wall2 shared
    Plug and Play Tech Center2 shared
    High-Tech Gründerfonds2 shared
    FundersClub2 shared
    Emerald Technology Ventures2 shared
    Tokio Marine2 shared
    BONVENTURE2 shared
    Oetker Collection KG2 shared
    EIT Urban Mobility2 shared
    FlixFounders2 shared
    European Innovation Council (EIC)2 shared
    Female Founders Fund1 shared

    Last updated: 7 October 2026