About HG Ventures
HG Ventures is a venture capital firm founded in 2018. It is primarily based out of Indianapolis, United States. As of Feb 2026, HG Ventures is an active investor, having invested in 46 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Blockchain Technology and Enterprise Applications. Most recently it participated in the $***** Series A round of R3Robotics Overall, HG Ventures portfolio has seen 4 acquisitions including key companies like MITO Materials, Romeo Power and Wildnote. A lot of funds co-invest with HG Ventures, with names like Gate.io sharing a substantial percentage of its portfolio. HG Ventures has team of 6 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Acquisitions
Deals in last 12 months
HG Ventures' List of Top Investments
HG Ventures has a portfolio of 46 companies. Their most notable investments are in Bunicorn and Romeo Power.Their portfolio spans across United States, United Kingdom, Canada and 10 more locations. They have invested in High Tech, Blockchain Technology, Enterprise Applications and 23 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by HG Ventures:
1. 6K
Provider of nanotechnology-based metal powders. It develops microwave-based plasma technology to develop nano metal powders. It has applications in additive manufacturing, batteries, lighting and display materials, semiconductor CMP, federal and defense specialties, ceramics, advanced coatings, and nano-engineered powders.
Key facts about 6K
- Founded Year: 2011
- Location: North Andover (United States)
- Stage: Series E
- Total Funding till date: $300M
- Employee Count: 150 as on Jul 31, 2026
- Investors: Koch Industries, Material Impact and 18 Others
- Latest Funding Round: Series E, Jul 19, 2024, $*****
- Highlight: Editors' Pick
2. Voxel AI
Provider of artificial intelligence software for industrial workplace safety monitoring. The technology integrates with existing camera infrastructure to identify risks related to personnel, vehicles, and equipment. The platform generates insights to assist in the management of safety protocols and operational workflows. It provides reporting tools to track safety compliance and incident reduction across industrial facilities.
Key facts about Voxel AI
- Founded Year: 2020
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $83M
- Employee Count: 131 as on Jul 31, 2026
- Investors: Ericsson, World Innovation Lab and 11 Others
- Latest Funding Round: Series B, Oct 29, 2025, $*****
- Highlight: Editors' Pick
3. INERATEC
Provider of chemical reactor technology to converts gases into liquid fuels. It develops multiple conversion processes, such as gas-to-liquid technology that can convert associated natural gas, flared gas, and renewable gas into synthetic hydrocarbons and fuels, power-to-gas technology that can convert hydrocarbon and carbon dioxide into synthetic natural gas, and power-to-liquid technology that converts renewable electricity and carbon dioxide into liquid, fuels, and chemical feedstocks.
Key facts about INERATEC
- Founded Year: 2015
- Location: Germany
- Stage: Series B
- Total Funding till date: $149M
- Employee Count: 143 as on Jul 31, 2026
- Investors: Samsung Venture Investment, Honda Xcelerator Ventures and 20 Others
- Latest Funding Round: Venture Debt, Jan 29, 2025, $*****
- Highlight: Editors' Pick
4. ZwitterCo
Zwitter manufactures wastewater treatment systems using membrane technology. Uses nanofiltration technology that claims to stop 98% of organic molecules, enabling efficient water recycling and reducing fouling of membranes in industrial water treatment applications. Has nanoscale pores that are built from self-assembling zwitterionic polymers.
Key facts about ZwitterCo
- Founded Year: 2018
- Location: Somerville (United States)
- Stage: Series B
- Total Funding till date: $102M
- Employee Count: 85 as on Jul 31, 2026
- Investors: Catapult, For Good Ventures and 17 Others
- Latest Funding Round: Series B, Jul 09, 2024, $*****
- Highlight: Editors' Pick
5. P2 Science
Manufacturer of diversified green chemicals. It develops bio-renewable speciality chemicals. Its product portfolio includes chemicals for cosmetic and personal care, flavour and fragrance, renewable polymers and bioactive. It produces petroleum-like biopolymers from sustainable resources.
Key facts about P2 Science
- Founded Year: 2011
- Location: Woodbridge (United States)
- Stage: Series D
- Total Funding till date: $62.2M
- Employee Count: 41 as on Jul 31, 2026
- Investors: BASF, Malaysian Life Sciences Capital Fund and 15 Others
- Latest Funding Round: Series D, May 27, 2026, $*****
- Highlight: Editors' Pick
HG Ventures' Year-on-Year Investment Trends
HG Ventures has invested in 46 companies over the last 7 years, with an average of 5 new investments annually in the last 5 years. In 2025, it made 2 investments, while as of Feb 2026, it has made 1 investment in this year. Its most recent first time investment was in R3Robotics and most recent follow-on round was in Puraffinity.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 0 | 2 |
2024 | 3 | 0 | 3 |
2023 | 7 | 3 | 10 |
2022 | 8 | 1 | 9 |
2021 | 11 | 0 | 11 |
2020 | 5 | 0 | 5 |
2019 | 5 | 0 | 5 |
HG Ventures' Investments by Stage
HG Ventures has made 19 investments in Seed stage with an average round size of $2.41M, 11 investments in Series A stage with an average round size of $12.6M, 10 investments in Series B stage with an average round size of $34.3M, 1 investment in Series C stage with an average round size of $12M and 1 investment in Series D stage with an average round size of $123M.Stage of entry | No. of Investments |
|---|---|
Seed | 19 |
Series A | 11 |
Series B | 10 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
HG Ventures' Investments by Sector
HG Ventures has a diverse portfolio, with companies operating in the High Tech, Sustainability Tech, Environment Tech, Enterprise Applications and Blockchain Technology. Notably, it has invested in 42 Tech companies, 33 Enterprise (B2B) companies, 16 Software companies and at least 12 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
High Tech | 25 |
Sustainability Tech | 17 |
Environment Tech | 14 |
Enterprise Applications | 12 |
Blockchain Technology | 10 |
Others | 73 |
Note: We have considered here, only first round of investments
HG Ventures' Investments by Geography
HG Ventures has made most investments in United States (27), followed by United Kingdom where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 27 |
United Kingdom | 3 |
Canada | 2 |
Germany | 2 |
Singapore | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
HG Ventures' recent investments
HG Ventures has made 1 investments in 2026 so far - R3Robotics.Here are the most recent investments by HG Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 05, 2026 | Luxembourg | Series A | 5226 | [+5] | |
Sep 25, 2025 | Canada | Series A | 1677 | ||
May 09, 2025 | United States | Series B | 5638 | ||
Aug 02, 2024 | United States | Seed | 6282 | ||
Jul 09, 2024 | United States | Series B | 1100 | [+5] |
Acquired companies in HG Ventures' Portfolio
4 companies from HG Ventures' portfolio have been acquired. The most recent acquisition was MITO Materials in Jun 2026 by First Graphene for $*****.Here are HG Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 25, 2026 | Aug 31, 2020 | Seed | 8693 | |
Feb 17, 2026 | Feb 17, 2020 | Seed | 7791 | |
Aug 01, 2022 | Aug 02, 2019 | Series A | 4956 | |
Apr 09, 2018 | - | - | 9680 |
Team profile of HG Ventures
HG Ventures has a team of 6 members including 4 Partners and 2 Principals located in United States. HG Ventures' team sits on the board of 3 companies.Here is a list of all team members in HG Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Indianapolis | |||
Partner | Indianapolis | |||
Partner | Indianapolis | |||
Partner | Syracuse | - | ||
Principal | Indianapolis | - | ||
Principal | Indianapolis | - |
Co-investors of HG Ventures
Over the past 7 years, 371 investors have co-invested in HG Ventures's portfolio companies. This includes funds and angels.
- Invested before HG Ventures: Techstars, America’s Seed Fund and 107 others have invested in rounds before HG Ventures. There are 7 companies where Techstars has invested before HG Ventures and 4 companies where America’s Seed Fund has invested before HG Ventures.
- Top Co-investors of HG Ventures: 213 investors entered a company along with HG Ventures. These include investors like Gate.io (3 companies).
- Invested after HG Ventures: A total of 49 investors have invested in HG Ventures's portfolio after their investments. Top Investors include MassTech (1 company), DOE (1 company) and Defense.gov (1 company).
Recent News related to HG Ventures
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Circu Li-ion rebrands as R3 Robotics and secures €20m in funding.Batteriesnews•Mar 24, 2026•HG Ventures, Suma Capital,
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R3 Robotics Secures €20 Million to Scale Automated EV DisassemblyRobotics and Automation News•Feb 06, 2026•HG Ventures, Suma Capital, R3Robotics, Circu Li-Ion and 3 others
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Voxel Raises $44M in Series B Funding to Transform Workplace Safety with its AI-Powered Platformintelligence360•Jun 16, 2025•Voxel AI, NewRoad Capital Partners, Rite-Hite, Tokio Marine and 4 others
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Voxel Secures $44M Funding for Visual AI Accident PreventionDC Velocity•Jun 04, 2025•Voxel AI, HG Ventures, Rite-Hite, NewRoad Capital Partners and 1 other
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PinPoint Analytics Secures $3.2MMassinvestor•Sep 17, 2024•PinPoint Analytics, HG Ventures, Heritage Group, ComposeVC
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London-based Puraffinity raises €7.9M to remove PFAS from water; appoints Vincent Caillaud as new CEOSilicon Canals•Sep 10, 2024•Puraffinity, BGF, Octopus Ventures, HG Ventures and 3 others
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CryptoHunter World Secures $2.8 Million in Private Sale to Boost Web3 Gaming DevelopmentBitcoin Insider•Sep 03, 2024•Crypto Hunter, IOST, Big Candle Capital, HG Ventures and 2 others
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CryptoHunter World Secures $2.8 Million in Private Sale to Boost Web3 Gaming DevelopmentBitcoin Ethereum News•Sep 03, 2024•Layer Otc, Web3 Wave, Big Candle Capital, CryptoHunter World and 3 others
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Zwitterco Secures $58.4m In Series B Funding Led By Evok InnovationsBusiness Wire•Jul 09, 2024•ZwitterCo, Evok Innovations, DCVC, BHP and 4 others
