About HEPCO Capital Management
HEPCO Capital Management is a venture capital firm founded in 2015. It is primarily based out of Philadelphia, United States. As of Mar 2022, HEPCO Capital Management has invested in 15 companies. It primarily invests in Series D round in Kenya based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series D round of M Kopa Overall, HEPCO Capital Management portfolio has seen 2 IPOs and 1 acquisition, namely BlackSky, Falcon Minerals and KeySource. A lot of funds co-invest with HEPCO Capital Management, with names like Lightrock sharing a substantial percentage of its portfolio. HEPCO Capital Management has team of 8 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series D
Portfolio IPOs
Portfolio Acquisitions
HEPCO Capital Management's List of Top Investments
HEPCO Capital Management has a portfolio of 15 companies. Their most notable investments include M Kopa and Every Realm.Their portfolio spans across United States, Germany and Kenya. They have invested in Enterprise Applications, High Tech, FinTech and 16 other sectors, across stages such as Series D stage. Here is the list of top investments by HEPCO Capital Management:1. M Kopa
Key facts about M Kopa
- Founded Year: 2011
- Location: Nairobi (Kenya)
- Stage: Series D
- Total Funding till date: $241M
- Employee Count: 3,204 as on Mar 31, 2026
- Investors: Generation Investment Management, DFC and 36 Others
- Latest Funding Round: Conventional Debt, Jun 06, 2024, $*****
- Highlight: Editors' Pick
2. Every Realm
Provider of social and community-driven gaming platform. The company creates solutions for avid social gamers, with offerings across a variety of categories including identity, ranking, relationships, and events. It also publishes community-driven video game titles.
Key facts about Every Realm
- Founded Year: 2021
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $102M
- Employee Count: 32 as on Mar 31, 2026
- Investors: Lightspeed Venture Partners, Prosus and 46 Others
- Latest Funding Round: Series A, Feb 10, 2022, $*****
3. BlackSky
AI and cloud-based geospatial intelligence data solutions. It provides users with sensor analytics and also provides users with global observation, satellite communications, and real-time imaging using AI, multi-sensor data fusion, and autonomous satellite tasking. It also has applications in defense, energy, construction, natural disasters, data analytics, and site and climate monitoring.
Key facts about BlackSky
- Founded Year: 2013
- Location: Seattle (United States)
- Annual Revenue: $16.5M as on Dec 31, 2024
- Stage: Public
- Employee Count: 191 as on Jul 01, 2024
- Investors: Mithril, Intelsat and 4 Others
- Latest Funding Round: Post IPO, Mar 07, 2023, $*****
- Highlight: Public
4. Voltus
Provider of demand response solutions for industrial and commercial applications. It has the capability to reduce energy costs by managing participation in demand response programs. It installs Voltlet on each site which provides real-time energy visibility and control and predicts peak demands of the electric grid when costs of electrical energy are higher and manages the demand response accordingly.
Key facts about Voltus
- Founded Year: 2016
- Location: Boston (United States)
- Stage: Series C
- Total Funding till date: $66.2M
- Employee Count: 275 as on Feb 28, 2026
- Investors: Activate Capital, NGP Energy Technology Partners and 4 Others
- Latest Funding Round: Series C, May 13, 2021, $*****
- Highlight: Editors' Pick
5. Fairmatic
Online platform for commercial auto insurance. It offers solutions for calculating insurance rates. It uses artificial intelligence technology to analyze driver behavior. It also offers insurance rewards for safe driving.
Key facts about Fairmatic
- Founded Year: 2019
- Location: Reno (United States)
- Stage: Series B
- Total Funding till date: $88M
- Employee Count: 16 as on Mar 31, 2026
- Investors: Evolution VC Partners, Aquiline Capital Partners and 12 Others
- Latest Funding Round: Series B, Mar 16, 2023, $*****
- Highlight: Editors' Pick
HEPCO Capital Management's Year-on-Year Investment Trends
Its most recent first time investment was in M Kopa.HEPCO Capital Management's Investments by Stage
HEPCO Capital Management has made 1 investment in Series D stage with an average round size of $75M.HEPCO Capital Management's Investments by Sector
HEPCO Capital Management has a diverse portfolio, with companies operating in the Energy, Environment, FinTech and Financial Services. Notably, it has invested in 10 Tech companies, 9 Enterprise (B2B) companies, 6 Consumer (B2C) companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Energy | 1 |
Environment | 1 |
FinTech | 1 |
Financial Services | 1 |
Note: We have considered here, only first round of investments
HEPCO Capital Management's Investments by Geography
HEPCO Capital Management has made most investments in Kenya (1).HEPCO Capital Management's recent investments
HEPCO Capital Management has not made any investment in 2026 so far.Here are the most recent investments by HEPCO Capital Management:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 01, 2022 | Kenya | Series D | 5575 | [+4] |
IPOs and Publicly Listed companies in HEPCO Capital Management's Portfolio
2 of HEPCO Capital Management's portfolio companies have become public. BlackSky got listed on the New York Stock Exchange (NYSE), in Dec 2019 and Falcon Minerals got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $312M.Here are HEPCO Capital Management's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 20, 2019 | - | - | 4840 | |
Jul 20, 2017 | - | - | 3085 |
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Acquired companies in HEPCO Capital Management's Portfolio
1 company from HEPCO Capital Management's portfolio has been acquired. The most recent acquisition was KeySource in Jun 2016 by Seal Rock Partners for $*****.Here are HEPCO Capital Management's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 20, 2016 | - | - | 2278 |
Team profile of HEPCO Capital Management
HEPCO Capital Management has a team of 8 members including 5 Partners and 1 Principal located in United States. HEPCO Capital Management's team does not sit on the board of any company as of now.Here is a list of all team members in HEPCO Capital Management:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | New York City | - | - | |
Partner | - | - | - | |
Partner | West Chester | - | - | |
Partner | - | - | - | |
Principal | - | - | - |
Co-investors of HEPCO Capital Management
Over the past 4 years, 31 investors have co-invested in HEPCO Capital Management's portfolio companies. This includes funds and angels.
- Invested before HEPCO Capital Management: East Africa Bank, Gates Foundation and 18 others have invested in rounds before HEPCO Capital Management. There is 1 company where East Africa Bank has invested before HEPCO Capital Management and 1 company where Gates Foundation has invested before HEPCO Capital Management.
- Top Co-investors of HEPCO Capital Management: 3 investors entered a company along with HEPCO Capital Management. These include investors like Lightrock (1 company).
- Invested after HEPCO Capital Management: A total of 8 investors have invested in HEPCO Capital Management's portfolio after their investments. Top Investors include DFC (1 company), LR Group (1 company) and Latitude (1 company).
Recent News related to HEPCO Capital Management
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M-KOPA raises $75M as it clocks 2 million customers across four African marketsTechCrunch+•Mar 01, 2022•M Kopa, Lightrock, CDC Group, HEPCO Capital Management and 4 others
