HG Ventures is the corporate venture arm of The Heritage Group, a privately held holding company with roots in construction, materials, environmental services, specialty chemicals and energy. Located in Indianapolis, Indiana, the firm partners with entrepreneurs to support companies from early to growth stages across the United States and abroad. Backed by decades of operational experience and a world-class research center, HG Ventures offers strategic resources, industry networks and technical guidance to accelerate product development, testing and scale-up for its portfolio companies.
HG Ventures targets companies developing sustainable materials, infrastructure systems, environmental solutions and industrial technologies. The firm evaluates opportunities that complement The Heritage Group’s capabilities in transportation construction, specialty chemicals, waste management, logistics and process engineering. With decision timelines mirroring those of a traditional venture capital fund, HG Ventures can lead funding rounds or join syndicates, investing up to $20 million per deal and deploying around $50 million annually without a fixed exit schedule. Geographic reach extends beyond the United States, enabling support for global innovation while maintaining strict confidentiality and flexible engagement with pre-revenue initiatives.
A significant part of HG Ventures’ portfolio focuses on clean technology and battery innovation. Investments include Solarcycle for solar panel recycling, Ineratec for renewable e-fuel production, American Rare Earth for critical metal recovery, Romeo Power for lithium-ion battery modules, and Currents for a marketplace of retired electric vehicle batteries. The firm also backs technologies that destroy PFAS contamination and enhance water sustainability. These strategic investments highlight HG Ventures’ support for ventures that reduce environmental impact and enable energy transition.
