About Hill Capital
Hill Capital is a venture capital firm founded in 2014. It is primarily based out of Saint Paul, United States. As of Jan 2024, Hill Capital has invested in 7 companies. It primarily invests in Seed round in Japan based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and High Tech. Most recently it participated in the $***** Seed round of Bioworks Overall, Hill Capital portfolio has seen 2 acquisitions, namely Cashe Software and Warecorp. A lot of funds co-invest with Hill Capital, with names like Purpose Venture Capital sharing a substantial percentage of its portfolio. Hill Capital has team of 6 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio Acquisitions
Portfolio Soonicorns
Hill Capital's List of Top Investments
Hill Capital has a portfolio of 7 companies. Their most notable investmentis in BioworksTheir portfolio spans across United States, Japan and United Kingdom. They have invested in Enterprise Applications, HealthTech, High Tech and 4 other sectors, across stages such as Seed stage. Here is the list of top investments by Hill Capital:1. GoRout
Provider of wearable systems for training management of American football teams. It develops an on-field sports technology that allows coaches to send fully-animated digital play calls, coaching tips, and assignments to every player in real-time. It also gives each player the flexibility to select their position, switch to another position, and view other teammates' positions on the field.
Key facts about GoRout
- Founded Year: 2014
- Location: Rochester (United Kingdom)
- Stage: Series A
- Total Funding till date: $4.82M
- Employee Count: 29 as on Aug 31, 2026
- Investors: Hill Capital and Traction Capital
- Latest Funding Round: Series A, Nov 15, 2024, $*****
- Highlight: Editors' Pick
2. Cytotheryx
Developer of human hepatocytes (HHC) for research and clinical applications. The company develops HHC for toxicology study, hepatitis research, and allotransplants.
Key facts about Cytotheryx
- Founded Year: 2018
- Location: Rochester (United States)
- Stage: Series A
- Total Funding till date: $60M
- Employee Count: 16 as on Aug 31, 2026
- Investors: Hill Capital and 2 Others
- Latest Funding Round: Conventional Debt, Jan 12, 2026, $*****
- Highlight: Editors' Pick
Provider of workflow management software for home-based services agencies. It has features including Electronic Visit Verification (EVV) and billing solutions. They offer Pavillio, an optimized experience for agencies, and have solutions for digital documentation, automated claims approval, and more.
Key facts about Cashe Software
- Founded Year: 2004
- Location: Oakdale (United States)
- Stage: Acquired
- Employee Count: 12 as on Aug 31, 2026
- Investors: Hill Capital
- Highlight: Acquired
4. Warecorp
Key facts about Warecorp
- Founded Year: 2004
- Location: Minneapolis (United States)
- Stage: Acquired
- Employee Count: 33 as on Sep 30, 2026
- Investors: Hill Capital
- Highlight: Acquired
5. Toovio
AI-powered customer data platform transforming data into revenue and continuous value. They unlock the infinite value of data, going beyond traditional customer data platforms with intelligence inside. Using AI-powered decisioning and experimentation, they transform customer data into revenue and continuous value. They deliver incremental revenue through real-time decisioning and AI-driven personalization, interpreting vast quantities of customer data, experimenting, analyzing, predicting, and iterating to optimize and unlock its value potential. The platform ensures value permeates throughout the organization across every customer interaction, maximizing revenue, building efficiencies, and delivering scale. They partner with leading CDP’s and CEP’s, offering an API designed to deliver breakthrough results. They provide services like customer strategy and consulting, SaaS management, and a suite of AI-driven tools including a decision engine, experiment engine, predictive engine, and conversational AI bot. They offer trials and customer area login. They focus on data monetization as a lever for business growth, with values centered around being adventurous, educational, immersive, and evolving.
Key facts about Toovio
- Founded Year: 2010
- Location: Minneapolis (United States)
- Stage: Funding Raised
- Employee Count: 8 as on Sep 30, 2026
- Investors: Hill Capital
- Highlight: Editors' Pick
Hill Capital's Year-on-Year Investment Trends
Its most recent first time investment was in Bioworks.Hill Capital's Investments by Stage
Hill Capital has made 1 investment in Seed stage.Hill Capital's Investments by Sector
Hill Capital has a portfolio focused on Chemicals and Materials. Notably, it has invested in 5 Enterprise (B2B) companies, 5 Tech companies, 4 Software companies and at least 2 companies focusing on Saas.Hill Capital's Investments by Geography
Hill Capital has made most investments in Japan (1).Hill Capital's recent investments
Hill Capital has not made any investment in 2026 so far.Here are the most recent investments by Hill Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 15, 2024 | Japan | Seed | 2135 |
Acquired companies in Hill Capital's Portfolio
2 companies from Hill Capital's portfolio have been acquired. The most recent acquisition was Warecorp in Aug 2025 by Tarmac for $*****.Here are Hill Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 28, 2025 | - | - | 3671 | |
Jun 18, 2024 | - | - | 5865 |
Team profile of Hill Capital
Hill Capital has a team of 6 members including 2 Partners located in United States. Hill Capital's team does not sit on the board of any company as of now.Co-investors of Hill Capital
Over the past 2 years, 4 investors have co-invested in Hill Capital's portfolio companies. This includes only funds.
- Top Co-investors of Hill Capital: 4 investors entered a company along with Hill Capital. These include investors like Purpose Venture Capital (1 company).
Recent News related to Hill Capital
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New Orleans equity firm raises $210M to invest in industrial services companiesNeworleanscitybusiness•Mar 28, 2025•Hill Capital, Carr's Hill Partners
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Deloitte Legal advises on the acquisition of 147 ‘build-to-rent’ homes to Neinor HomesIberianlawyer•Sep 23, 2024•Deloitte, Hill Capital, Neinor Homes
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Singapore’s Purpose VC invests in Japanese bioplastic startup Bioworkse27•Jan 15, 2024•BioWorks, Purpose Venture Capital, Hill Capital, 18 Salisbury Capital and 1 other
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Apollo-Led Investor Group Acquires Atlas Air WorldwideABFJournal•Mar 20, 2023•Apollo Global Management, Atlas Air Worldwide, Sun Country Airlines, Atlas Air Worldwide Holdings and 2 others
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TuSimple raises $120 million to expand its fleet of driverless delivery trucksVentureBeat•Sep 17, 2019•TuSimple, CDH, Mando Corporation, United Parcel Service and 7 others
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Workday acquires online learning company Zaption, will shut it down on September 30VentureBeat•Jul 01, 2016•Workday, Zaption, YouTube, Vimeo and 1 other