About Hico Capital
Hico Capital is a venture capital firm founded in 2020. It is primarily based out of Palo Alto, United States. As of Jun 2023, Hico Capital has invested in 6 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Retail. Most recently it participated in the $***** Series A round of Source Overall, Hico Capital portfolio has seen 1 unicorn, namely Standard. A lot of funds co-invest with Hico Capital, with names like Microsoft sharing a substantial percentage of its portfolio. Hico Capital has team of 4 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Series C
Portfolio Unicorns
Hico Capital's List of Top Investments
Hico Capital has a portfolio of 6 companies, one of which is a Unicorn. Their most notable investments are in Sabanto and Source.Their portfolio spans across United States, Netherlands and South Korea. They have invested in High Tech, Enterprise Applications, Retail and 5 other sectors, across stages such as Series A, Series C stages. Here is the list of top investments by Hico Capital:1. Source
Provider of AI solutions for optimized greenhouse cultivation and management. The company offers tools for data gathering, yield prediction, and strategy simulation. It also provides solutions for automated irrigation and precise greenhouse control. These solutions aim to enhance productivity and support autonomous execution for growers.
Key facts about Source
- Founded Year: 2020
- Location: Amsterdam (Netherlands)
- Stage: Series B
- Total Funding till date: $54.5M
- Employee Count: 80 as on Aug 31, 2026
- Investors: E14 Fund, Acre Venture Partners and 6 Others
- Latest Funding Round: Series B, Nov 03, 2025, $*****
- Highlight: Editors' Pick
2. Standard
Platform offering AI-enabled automated checkout software solutions for offline retailers. It uses cameras that can analyze which items a person picks up and tracks the movements with 3D analysis. Its mobile application is available on Android and iOS platforms.
Key facts about Standard
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $237M
- Employee Count: 90 as on Aug 31, 2026
- Investors: Frazier VC, EQT and 38 Others
- Latest Funding Round: Series C, Aug 07, 2026, $*****
- Highlight: Editors' Pick
3. Humane
Online platform offering wearable smart devices. The company offers wearable devices that assist users by providing a hands-free way to interact with AI, and providing solutions to perform various tasks including making calls, sending messages, and capturing pictures.
Key facts about Humane
- Founded Year: 2018
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $230M
- Employee Count: 177 as on Mar 03, 2025
- Investors: Qualcomm Ventures, Salesforce Ventures and 22 Others
- Latest Funding Round: Series C, Mar 08, 2023, $*****
- Highlight: Editors' Pick
4. MycoWorks
Manufacturer of bio-based materials from mycelium. It develops and produces sustainable alternatives to leather and other materials using mycelium, a root structure of fungi. The company offers a material called Reishi™, used in various applications, including furniture and automotive interiors. Its technology platform enables the creation of premium, non-animal materials. The company also collaborates with designers and manufacturers to integrate its materials into new products.
Key facts about MycoWorks
- Founded Year: 2013
- Location: Emeryville (United States)
- Stage: Series C
- Total Funding till date: $225M
- Employee Count: 128 as on Aug 31, 2026
- Investors: Future Shape, Susa Ventures and 22 Others
- Latest Funding Round: Series C, Jun 16, 2023, $*****
- Highlight: Editors' Pick
5. Sabanto
Key facts about Sabanto
- Founded Year: 2018
- Location: Chicago (United States)
- Stage: Series B
- Total Funding till date: $21M
- Employee Count: 49 as on Aug 31, 2026
- Investors: DCVC, Leaps by Bayer and 10 Others
- Latest Funding Round: Series B, Jul 14, 2026, $*****
Hico Capital's Year-on-Year Investment Trends
Its most recent first time investment was in Source.Hico Capital's Investments by Stage
Hico Capital has made 2 investments in Series A stage with an average round size of $4M and 1 investment in Series C stage with an average round size of $100M.Stage of entry | No. of Investments |
|---|---|
Series A | 2 |
Series C | 1 |
Note: We have considered here, only first round of investments
Hico Capital's Investments by Sector
Hico Capital has a diverse portfolio, with companies operating in the Environment Tech, Food and Agriculture Tech, High Tech, Sustainability Tech and Artificial Intelligence - Industry Applications. Notably, it has invested in 6 Tech companies, 5 Enterprise (B2B) companies, 3 Software companies and at least 2 companies focusing on AI-Native.Sector | No. of Investments |
|---|---|
Environment Tech | 2 |
Food and Agriculture Tech | 2 |
High Tech | 2 |
Sustainability Tech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Hico Capital's Investments by Geography
Hico Capital has made most investments in United States (2), followed by Netherlands where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 2 |
Netherlands | 1 |
Note: We have considered here, only first round of investments
Hico Capital's recent investments
Hico Capital has not made any investment in 2026 so far.Here are the most recent investments by Hico Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 07, 2023 | Netherlands | Series A | 5855 | ||
Mar 08, 2023 | United States | Series C | 8091 | [+12] | |
Jun 30, 2022 | United States | Series A | 8600 | - |
Unicorns in Hico Capital's Portfolio
Hico Capital has 1 unicorn in its portfolio - Standard. The most recent unicorn in their portfolio is Standard which became a unicorn in 2021, 5 years before Hico Capital first invested in it.Here is a list of unicorns in Hico Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Platform offering AI-enabled automated checkout software solutions for offline retailers | 2017 | San Francisco | Series C | uizcmdj |
Team profile of Hico Capital
Hico Capital has a team of 4 members located in United States. Hico Capital's team does not sit on the board of any company as of now.Co-investors of Hico Capital
Over the past 4 years, 35 investors have co-invested in Hico Capital's portfolio companies. This includes funds and angels.
- Invested before Hico Capital: Astanor, Acre Venture Partners and 14 others have invested in rounds before Hico Capital. There is 1 company where Astanor has invested before Hico Capital and 1 company where Acre Venture Partners has invested before Hico Capital.
- Top Co-investors of Hico Capital: 6 investors entered a company along with Hico Capital. These include investors like Microsoft (1 company).
- Invested after Hico Capital: A total of 13 investors have invested in Hico Capital's portfolio after their investments. Top Investors include Enza Zaden (1 company), Harvest House (1 company) and Cooperative Ventures (1 company).
Recent News related to Hico Capital
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Source.ag Expands Series A by $4M to $27MGlobal AgInvesting•Jul 06, 2023•Source, Astanor, Acre Venture Partners, SK Networks and 1 other
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SK Networks to invest $2 mn in Dutch agtech startupKedglobal•Jun 08, 2023•SK Networks, Hico Capital, Source, Rainbow Growers
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Agtech breakthrough: Dutch startup Source.ag harvests $4M Series A extension for AI-powered indoor farmsTech Funding News•Jun 07, 2023•Source, SK Networks, Hico Capital, E14 Fund and 4 others
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SK Networks eyes partnership with US-based Bow CapitalKedglobal•May 31, 2023•SK Networks, Bow Capital, Hico Capital
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SK Networks Invests US$22 Million in US-based AI Startup HumaneBusinesskorea•Mar 10, 2023•SK Networks, Hico Capital, Humane, Kindred Ventures and 10 others
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South Korea’s SK networks invests in U.S. AI startupPulse•Mar 10, 2023•SK Networks, LG Technology Ventures, Microsoft, Volvo Cars and 10 others
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SK Networks invests $22 mn in US AI-based device companyKedglobal•Mar 09, 2023•SK Networks, Hico Capital, LG Technology Ventures, Volvo Group and 4 others
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SK networks invests $22 mil. in US AI device company HumaneThe Korea Times•Mar 09, 2023•SK Networks, Humane AI, Hico Capital
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SK Networks secures stake in US AI startupKorea Herald•Mar 09, 2023•SK Networks, Humane Ventures, Hico Capital, LG Technology Ventures and 5 others
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Humane raises $100m in Series C round as it builds device and services platform for the AI era.Humane•Mar 08, 2023•Humane, Kindred Ventures, Humane, SK Networks and 16 others
