HG Ventures

HG Ventures is the corporate venture arm of The Heritage Group, a privately held company with a diverse portfolio of businesses in environmental services, specialty chemicals, and infrastructure solutions. Based in Indianapolis, Indiana, HG Ventures strategically invests in early-stage and growth equity companies that are developing advanced materials and systems relevant to The Heritage Group's core industries. Their investment thesis centers on fostering innovation that can transform sectors like transportation infrastructure, environmental services, and specialty chemicals, leveraging the operational expertise and market access of their parent company.

The firm typically engages with companies from seed to Series B stages, seeking to provide not just capital but also strategic partnership and industry insights. They are particularly interested in technologies that offer sustainable solutions, enhance efficiency, or create new markets within their focus areas. HG Ventures actively seeks out disruptive technologies in areas such as advanced recycling, sustainable construction materials, water treatment, and smart infrastructure. Their approach often involves collaborating with portfolio companies to accelerate their development and market penetration, drawing on the extensive network and resources of The Heritage Group, which boasts over 5,000 employees globally.

While specific fund sizes are not always publicly disclosed for corporate venture arms, HG Ventures' investment activity suggests a robust deployment strategy. They have made over 40 investments to date, indicating a consistent and active presence in the venture ecosystem. Their typical first check size generally ranges from $1 million for early-stage participation to as much as $15 million for leading or co-leading later-stage rounds. This flexibility allows them to support promising ventures across different growth phases, from initial product development to scaling commercial operations. Their portfolio includes companies like CarbonBuilt, Novoloop, and Nth Cycle, reflecting their commitment to pioneering solutions in their target industries.