HG Ventures

HG Ventures, founded in 2018, is the venture capital arm of The Heritage Group, located in Indianapolis, Indiana. The firm focuses on early and growth-stage investments in sectors such as transportation infrastructure, environmental services, specialty chemicals, advanced materials, and energy production. HG Ventures aims to support innovation by investing in private companies that are developing new technologies and approaches within these core and adjacent markets. It offers a unique value proposition to its portfolio companies by leveraging the expertise of The Heritage Group's operating companies and research center. The firm typically invests up to $20 million, primarily in companies based in the United States.

Nick Arnold

Principal, Investment Team

Ginger Rothrock Ph.D

Senior Director

John Glushik

Managing Director

Past deals in Indiana

Ateios

Seed Round in 2020
Ateios Inc. develops advanced technology for manufacturing ultra-thin and customizable batteries suitable for various applications in electronics. Based in Indianapolis, Indiana, the company was founded in 2018 and focuses on creating zinc-oxide batteries that offer 2-5 times higher energy density compared to traditional coin cells. This innovative manufacturing process enables the production of flexible batteries that can be tailored to fit specific product requirements. Ateios' technology is particularly applicable to smart textiles, soft robotics, Internet-of-Things (IoT) devices, and medical or fitness wearables. By facilitating a new generation of thin and flexible electronics, Ateios aims to enhance the integration of battery technology into diverse electronic devices.

MITO (Materials)

Seed Round in 2020
MITO Material Solutions, Inc. is a specialty chemical company that focuses on developing and manufacturing graphene-based hybrid polymer modifiers and additives to enhance material performance across various industries. Founded in 2016 and headquartered in Indianapolis, Indiana, with an additional office in Stillwater, Oklahoma, MITO offers innovative products such as the MITO T-Series, a nano-additive that significantly increases the toughness of composite materials by up to 100% while reducing the likelihood of mechanical failure by 80%. This versatility allows industries, including aerospace, recreational vehicle, and boating, to either enhance product durability or decrease material usage, leading to substantial cost savings and weight reduction. MITO's products are compatible with a range of applications, including epoxy resins and thermoplastics, ultimately contributing to improved efficiency and performance in manufacturing processes.
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