HG Ventures

HG Ventures is the venture capital arm of The Heritage Group, established in 2018 and located in Indianapolis, Indiana. The firm focuses on investing in early and growth-stage companies primarily within the United States, targeting sectors such as transportation infrastructure, environmental services, specialty chemicals, and energy production. By investing up to $20 million, HG Ventures aims to support innovation and growth by partnering with private companies that are developing new technologies and approaches in both core and adjacent markets. The firm leverages the expertise of The Heritage Group's operating companies and research center to provide unique value to its portfolio companies.

Nida Ansari

Principal

Nick Arnold

Principal, Investment Team

Erin Crowther

Analyst

Hannibal George

Investor

John Glushik

Co-Founder and Managing Director

Jonathan Schalliol

Investor

Past deals in Indiana

Ateios

Seed Round in 2020
Ateios Inc. is a company specializing in the development of ultra-thin and customizable batteries designed for integration into flexible electronics. Founded in 2018 and based in Indianapolis, Indiana, Ateios focuses on manufacturing zinc-oxide batteries that offer 2 to 5 times higher energy density compared to conventional coin cells. Utilizing a novel manufacturing process, the company produces conformable batteries made from hyper-elastic polymer materials, which can be shaped to meet specific product requirements. This innovation enables the production of ergonomic, compact, and efficient devices for various applications, including smart textiles, soft robotics, Internet-of-Things (IoT) devices, and medical or fitness wearables.

MITO (Materials)

Seed Round in 2020
MITO Material Solutions, Inc. is a specialty chemical company based in Indianapolis, Indiana, with an additional office in Stillwater, Oklahoma. Founded in 2016, the company focuses on developing and manufacturing graphene-based hybrid polymer modifiers and additives that significantly enhance material performance across various industries. One of its key products, the MITO T-Series, is a nano-additive that, when mixed with epoxies or resins, can increase the toughness of composite parts by 100% while reducing the likelihood of mechanical failure by 80%. This versatility allows industries to either enhance product toughness or decrease the quantity of materials used. The T-Series is particularly beneficial for the recreational vehicle and boating sectors, where it toughens fiberglass structures, as well as for the aerospace industry, where it enables manufacturers to reduce part weight without compromising toughness, resulting in substantial cost savings. MITO Material Solutions aims to improve the durability and performance of materials in applications such as ester resins, epoxies, and thermoplastics.

120Water

Series A in 2019
120WaterAudit is the leading enterprise software and kit platform company that helps government agencies, public water systems and facilities manage and execute water and infrastructure programs. Visit 120WaterAudit.com to learn how their software and point of use solutions help Government Agencies, Public Water Systems and Facilities manage drinking water programs that comply with federal and state regulations.

Epogee

Venture Round in 2019
Epogee LLC. develops and produces fat replacement food ingredients. The company's ingredient can be used in confectioneries, baked goods, frozen diary, spreads, dips, peanut butters, grain products, and pastas. The company was incorporated in 2018 and is based in Indianapolis, Indiana.
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