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    HG Ventures

    Indianapolis, Indiana, United StatesFounded 2018

    HG Ventures is the corporate venture capital arm of The Heritage Group, focusing on early to growth-stage companies that develop advanced materials and systems for transportation, infrastructure, environmental services, and specialty chemicals, along with relevant digital technologies. Their strategy involves providing capital and leveraging The Heritage Group's extensive industry expertise and network to support the growth and scaling of their portfolio companies, emphasizing a long-term approach to value creation.

    Deal activity increased 150% year-over-year (5 deals in the last 12 months). Average disclosed round size is $13.8M (across 15 rounds with reported amounts).

    Find people at HG Ventures on Goldilocks AI

    Portfolio

    20

    Fund Size

    $50M

    Top Stage

    Series A

    Last 12 Mo

    5

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    20 investments
    CompanyRoundAmountDate
    RR3 RoboticsSeries A$14MFeb 2026
    RR3 RoboticsSeries A$20MFeb 2026
    CCo-reactiveSeed$6.5MJan 2026
    FREDsense logoFREDsenseSeries A$7MSep 2025
    Voxel logoVoxelSeries B$44MJun 2025
    EEmpyrean SolutionsUnknownNov 2024
    FfynkUnknown$3.1MOct 2024
    CCINC SystemsGrowthDec 2023
    MMaterial EvolutionSeries A$19MJun 2023
    Aqua Cultured Foods logoAqua Cultured FoodsSeed$5.5MApr 2023
    SOLARCYCLE logoSOLARCYCLESeries A$30MMar 2023
    CCirculorSeries B$25MJun 2022
    Revalize logoRevalizeUnknownNov 2021
    Kindra logoKindraSeed$4.5MJun 2021
    Transcend Software Inc. logoTranscend Software Inc.Unknown$10MMay 2021
    Opsera logoOpseraSeries A$15MApr 2021
    Ateios logoAteiosSeed$1.3MOct 2020
    Silverfin logoSilverfinSeries BJun 2020
    Renewal Mill logoRenewal MillSeed$2.5MJan 2019
    SStreetIQUnknown

    Top Co-Investors

    BonVenture2 shared
    Stray Dog1 shared
    Aera VC1 shared
    HTGF1 shared
    NRW.BANK1 shared
    Rite-Hite1 shared
    Tokio Marine1 shared
    Mtech1 shared
    Whitestone1 shared

    Last updated: 15 April 2026