HG Ventures
VC Fund
Indianapolis, United States
HG Ventures is a VC fund in Indianapolis focused on Manufacturing and Renewable Energy. HG Ventures supports innovation and growth across The Heritage Group by investing and partnering with private companies developing new technologies and approaches in both their core and adjacent markets. They leverage the world class expertise of The Heritage Group operating companies and research center to offer a unique value proposition to ourportfolio company partners.HG Ventures invests in early stage and growth stage companies developing advanced materials and systems for transportation infrastructure, environmental services and specialty chemicals.
- Total investments:
- 49
- Last investment:
- Lead investor:
- 41%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries HG Ventures invests in
Stages HG Ventures invests in
Countries HG Ventures invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
3 more contacts available
Round size
- Seed
- $1.3M–$5M
- Series A
- $7M–$19M
- Series B
- $11M–$58M
Investment Focus
Industry
- Manufacturing 12 (24%)
- Renewable Energy 6 (12%)
- Water 4 (8%)
- Energy 4 (8%)
- Blockchain 4 (8%)
Stage
- Seed 15 (31%)
- Series A 12 (24%)
- Series B 10 (20%)
- Funding Round 3 (6%)
- Pre-Seed 1 (2%)
Country
- United States 24 (49%)
- United Kingdom 4 (8%)
- Canada 2 (4%)
- Germany 2 (4%)
- Singapore 2 (4%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
John Glushik
Managing Director
|
Managing Director | Total investments: 15 | Find email | |
Jonathan Schalliol
Director
|
Director | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
R3 Robotics
|
Circu Li-ion is a European battery upcycling startup. Our vision is to fight the climate crisis by maximising the lifecycle of each Lithium-ion cell.In 2021, we have embarked on our journey to enable a circular lifecycle to batteries in three steps: the dismantling of batteries, the diagnostic of cells and the reassembly based on reusedcomponents - automated and at scale .We provide our technology to leading players in the space of micromobility, q-commerce & delivery, hardware manufacturing and recycling. Our Machine-as-a-Service solution offers a possibility to give their used batteries a second life through upcycling instead of recycling - saving money and the planet. | $16.5M / Series A / Feb 05, 2026 | |
FREDsense
|
FREDsense manufactures portable testing kits to detect water-borne chemicals and contaminants such as arsenic, iron, manganese, acidity. It monitors water quality through its product called FRED. FRED Sense also builds a custom, field-based solution for the parameters that its clients are interested in monitoring. David Lloyd, Emily Hicks, IainGeorge, Lisa Oberding, and Robert Mayall founded it in 2014, with its headquarters in Waterloo in Canada. | $7M / Series A / Sep 25, 2025 | |
Voxel
|
Voxel develops an AI-powered platform that enhances workplace safety and operational efficiency by transforming existing security cameras into intelligent monitoring systems. The platform utilizes computer vision to detect unsafe behaviors and operational inefficiencies in real-time, enabling proactive hazard mitigation. It serves industries suchas manufacturing, logistics, retail, and food and beverage by providing actionable insights through safety scoring, incident analytics, and automated alerts. Voxel's technology integrates with current infrastructure, offering features like role-based access controls and data encryption to maintain security and privacy standards. By facilitating immediate responses to potential risks, Voxel supports organizations in reducing workplace incidents and fostering a culture of safety. | $47M / Series B / Jun 03, 2025 | |
PinPoint Analytics
|
PinPoint Analytics is the first AI-powered construction data platform that analyzes millions of data points using advanced Machine Learning algorithms. Comprehensive insights into every project with real-time pricing data, leveraging hundreds of factors including weather patterns, market conditions, and historical trend analysis. | $3.2M / Seed / Sep 16, 2024 | |
Puraffinity
|
Puraffinity specialises in the design and development of precision materials, and has developed a sustainable novel adsorbent capable of removing highly challenging pollutants from contaminated water and wastewater. The technology utilises advanced supramolecular chemistry methods to functionalise sustainable materials designed to bind targetchemicals. The company is at the forefront of developing solutions for overcoming imminent water quality challenges, whilst sustainable and positive environmental impact lies at the heart of the company’s ethos. | $8.8M / Series A / Sep 10, 2024 | |
ZwitterCo
|
ZwitterCo provides revolutionary membrane solutions for the treatment of highly-impaired wastewater. | $58.4M / Series B / Jul 09, 2024 | |
INERATEC
|
INERATEC provides sustainable fuels, gas-to-liquid, power-to-gas and power-to-liquid application products. | $128.4M / Series B / Jan 16, 2024 | |
Vartega
|
Vartega is a technology development company specializing in the carbon-fiber-reinforced plastic recycling process. Vartega develops alternative technology, processes, and equipment to provide low-cost carbon fiber for use in mass-market applications.Vartega's patented carbon fiber recycling process scales rapidly to fill a gap in thecomposites supply chain. The company’s carbon fiber is available in semi-continuous, chopped, and milled forms. It is ideally suited for use in thermoplastics, non-wovens, and molding compounds. | $11.2M / Series A / Jan 03, 2024 | |
Aclarity
|
Aclarity is a VC-backed cleantech startup developing and selling water treatment systems to clean the world's water and wastewater. | $15.9M / Series A / Nov 02, 2023 | |
|
Puraffinity
|
Puraffinity specialises in the design and development of precision materials, and has developed a sustainable novel adsorbent capable of removing highly challenging pollutants from contaminated water and wastewater. The technology utilises advanced supramolecular chemistry methods to functionalise sustainable materials designed to bind targetchemicals. The company is at the forefront of developing solutions for overcoming imminent water quality challenges, whilst sustainable and positive environmental impact lies at the heart of the company’s ethos. | $13.9M / Series A / Sep 05, 2023 | |
| See all 49 investments → | |||
Co-Investors
PureTerra Ventures
5 deals together
Aspen Capital Group
4 deals together
Kindred Capital
3 deals together
Verve Ventures
3 deals together
VisionTech Partners
3 deals together
0x Ventures
2 deals together
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FAQ
What does HG Ventures invest in?
HG Ventures invests primarily in Manufacturing, Renewable Energy and Water startups, most often at Seed and Series A stage. Most of the 49 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is HG Ventures's check size?
HG Ventures typically joins rounds of $1.3M–$5M at Seed, $7M–$19M at Series A and $11M–$58M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds HG Ventures participates in.
How do I contact HG Ventures?
Public channels for HG Ventures include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at HG Ventures?
The team at HG Ventures includes John Glushik (Managing Director) and Jonathan Schalliol (Director). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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