Organization · Corporate Venture Capital
HG Ventures
HG Ventures is the corporate venture capital arm of The Heritage Group, based in Indianapolis, Indiana. It focuses on strategic investments in sectors aligned with its parent company's core businesses, primarily in the U.S.
Overview
What HG Ventures does
What HG Ventures is
HG Ventures is the corporate venture capital arm of The Heritage Group, based in Indianapolis, Indiana. It focuses on strategic investments in sectors aligned with its parent company's core businesses, primarily in the U.S.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Corporate Venture Capital
- Founded
- Founded in 2018
- Approximate age
- About 8 years
- Structured capabilities
- Funder
- Last reviewed
- April 22, 2026
Official channels
Find HG Ventures elsewhere
Open the official website or a supported primary organization account.
Capability profile
HG Ventures as a funder
Investment thesis
HG Ventures combines strategic and financial investment approaches, leveraging operational synergies with The Heritage Group's industrial businesses to drive sustainable innovation.
Focus narrative
HG Ventures primarily invests in Series A through growth stages, typically writing initial checks between $1M and $10M, with the potential to invest up to $20M for strong fits. The firm has a particular focus on cleantech and climate tech, emphasizing industrial decarbonization rather than consumer-oriented solutions. While primarily focused on the US market, HG Ventures is open to global opportunities.
Value beyond capital
HG Ventures offers a unique value proposition by providing direct access to The Heritage Group's operational units, facilitating partnerships and customer channels for portfolio companies. This strategic alignment enhances the potential for follow-on investments and operational support, creating a competitive edge in sourcing and scaling innovative solutions.
Terms and economics
- Typical check
- $1,000,000–$20,000,000
- Sweet spot
- $10,000,000
Focus and fit
- Stages
- Series A · Growth Equity
- Sectors
- Climate & Sustainability
- Regions
- United States · Global
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 35
Portfolio context
Notable portfolio companies include SOLARCYCLE, which specializes in solar panel recycling; 120Water, providing water sampling kits and SaaS solutions for utilities; Valerann, a traffic management platform; Battle Motors, known for heavy-duty refuse and recycling trucks; ElectraMet, focused on wastewater metals recovery; and FREDsense, which develops water quality monitoring sensors.
Common questions
What to know about HG Ventures
Upseed classifies HG Ventures under the Corporate Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 22, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.