HG Ventures

HG Ventures is the venture capital arm of The Heritage Group, headquartered in Indianapolis, Indiana. It funds and partners with early-stage and growth-stage companies developing advanced materials and systems for transportation, infrastructure, environmental services, and specialty chemicals, including digital solutions relevant to these industries. The firm emphasizes United States opportunities and leverages The Heritage Group's operating companies and research center to provide portfolio companies with industry expertise, commercial networks, and technical capabilities. HG Ventures pursues a value-add approach by supporting companies through strategic collaboration and scaling their technologies, often investing in collaborations that align with the Heritage Group's core businesses.

Nida Ansari

Principal

Nick Arnold

Associate

Kip Frey

Managing Director

Hannibal George

Investor

John Glushik

Managing Partner

Ginger Rothrock

Investor

Jonathan Schalliol

Investor

Past deals in Water

Puraffinity

Series A in 2024
Puraffinity specializes in designing and developing precision materials for water treatment. Founded in 2015 and based in London, it has pioneered a sustainable novel adsorbent capable of removing challenging pollutants from contaminated water and wastewater. Utilizing advanced supramolecular chemistry methods, Puraffinity's technology binds target chemicals to functionalized sustainable materials, addressing imminent water quality challenges while promoting positive environmental impact.

ZwitterCo

Series B in 2024
ZwitterCo specializes in advanced membrane solutions for the treatment of highly impaired wastewater, enabling the reuse and recycling of water resources in industrial applications. The company's innovative reverse osmosis and nanofiltration technologies address the challenges of treating historically unfilterable streams by preventing fouling caused by organic molecules. ZwitterCo's membranes are chlorine-tolerant, back-washable, and resistant to irreversible fouling, which enhances their longevity and performance. By transforming wastewater from a liability into a valuable resource, ZwitterCo helps clients manage their water treatment needs more economically and sustainably, reducing chemical demands and improving operational efficiency.

Aclarity

Series A in 2023
Aclarity, LLC is a United States-based manufacturer specializing in innovative water purification devices for residential use. Founded in 2017, the company develops advanced electrochemical water treatment systems that effectively eliminate contaminants such as pathogens, metals, volatile organic compounds (VOCs), per- and polyfluoroalkyl substances (PFAS), and ammonia from water. Aclarity's patented technology aims to provide cost-effective, low-maintenance solutions for comprehensive water treatment, catering to the growing need for clean water and addressing pollution challenges in both water and wastewater systems. As a venture capital-backed cleantech startup, Aclarity is focused on revolutionizing the water treatment industry with its cutting-edge approach.

Puraffinity

Series A in 2023
Puraffinity specializes in designing and developing precision materials for water treatment. Founded in 2015 and based in London, it has pioneered a sustainable novel adsorbent capable of removing challenging pollutants from contaminated water and wastewater. Utilizing advanced supramolecular chemistry methods, Puraffinity's technology binds target chemicals to functionalized sustainable materials, addressing imminent water quality challenges while promoting positive environmental impact.

PowerTech Water

Series B in 2021
PowerTech Water, Inc. is a company specializing in water treatment solutions, focusing on the development and marketing of innovative products. It offers CapCo, an electrochemical filter designed to effectively remove a range of metals from water, including lead, copper, manganese, iron, silver, gold, mercury, zinc, nickel, and aluminum. The company's technology serves various industries, including batteries, microelectronics, electroplating, automotive, metal finishing, mining, food and beverage, and oil and gas. Founded in 2014, PowerTech Water is headquartered in Lexington, Kentucky, and is committed to providing chemical-free wastewater treatment solutions.

Puraffinity

Seed Round in 2019
Puraffinity specializes in designing and developing precision materials for water treatment. Founded in 2015 and based in London, it has pioneered a sustainable novel adsorbent capable of removing challenging pollutants from contaminated water and wastewater. Utilizing advanced supramolecular chemistry methods, Puraffinity's technology binds target chemicals to functionalized sustainable materials, addressing imminent water quality challenges while promoting positive environmental impact.
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