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New Ventures’ Frey Selected Once Again For Corporate Venture Powerlist

New Ventures’ Frey Selected Once Again For Corporate Venture Powerlist

INDIANAPOLIS, IN – July 29, 2021 –

For the second year in a row, EVP New Ventures Kip Frey has been included in the Global Corporate Venturing Powerlist 100—the industry compendium of the one hundred most influential corporate venture capitalists in the world.

Announcing the Powerlist for 2021, GCV Editor-in Chief James Mawson commented on its significance: “The GCV Powerlist is designed to uncover the ‘vital few’ who are responsible for tens of hundreds of billions of dollars invested in the entrepreneurs who turn ideas into products and services.”

Frey joined corporate venture leaders from companies like Intel, Samsung, Alibaba and Amazon in making the Powerlist, which drew from a candidate pool of more than 2,000 corporate venturing units around the globe. GVC added that the scope and reach of corporate venture sponsors—in this case The Heritage Group—played an important role in this year’s selection: “These men and women from around the world also bring the power of their parent companies to bear to scale up prototypes and pilots into things we can all benefit from.”

The Heritage Group’s corporate venture arm, HG Ventures, was founded in 2018 and has quickly developed into one of the leading “hard tech” investors in the world—closing more than 25 investments in the past two years. Congratulations Kip!

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PowerTech Water, manufacturer of ElectraMet™ brand water treatment technologies, closes $6 million in venture capital to expand operations in Lexington, KY

PowerTech Water, manufacturer of ElectraMet™ brand water treatment technologies, closes $6 million in venture capital to expand operations in Lexington, KY

LEXINGTON, KY – June 9, 2021 – PowerTech Water announced the closing of its oversubscribed Series B financing round led by HG Ventures. The funds will be used to meet the rising demand for sustainable industrial water treatment, accelerate corporate partnerships, and expand operations in Lexington, Kentucky.

PowerTech Water’s ElectraMet™ and INCION® brand water treatment systems offer an environmentally superior solution at a reduced cost for industrial manufacturing and waste streams.   This novel approach disrupts the conventional labor-intensive, chemical-based water treatment processes that have become ubiquitous over the past 50 years. ElectraMet will play an important role in modernizing wastewater treatment and reducing waste for manufacturers, municipalities, and mines.

“In 2021, US-based manufacturing has picked up, and the demand for ElectraMet systems skyrocketed. We are pleased to partner with HG Ventures, the State of Kentucky, and the local Bluegrass Angel Network in this Series B financing round to expand our capabilities and meet the demand,” said Cameron Lippert, Chief Executive Officer of PowerTech Water.

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Transcend raises $10M to accelerate sustainable design in water & infrastructure engineering

Transcend raises $10M to accelerate sustainable design in water & infrastructure engineering

INDIANAPOLIS -May 12, 2021 –

Transcend Software Inc. (“Transcend”), a SaaS provider of generative design and engineering automation tools to the global engineering, construction, technology/OEM, and utility sectors announces the completion of a $10M Equity Investment led by Aspen Capital Group, HG Ventures, and PureTerra Ventures, also with participation from existing investor Vespucci Partners.

Transcend’s SaaS platform, the Transcend Design Generator (“TDG”), is the market’s first fully integrated water treatment design platform, enabling industry participants to design more sustainable water and wastewater facilities in a fraction of the time and cost compared to traditional, manual methods. Designs can easily incorporate new technologies and be assessed for CAPEX, OPEX, land footprint, carbon footprint, and other variables with a level of detail & accuracy that are typically much too time and cost prohibitive for the preliminary engineering phase.

Developed by many of the world’s leading experts in water and wastewater engineering, TDG has been used since 2013 to design over 7,500 treatment facilities to date. Transcend will use the proceeds from the investment to drive continued innovation across the water infrastructure market.

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Sustainable Construction Products Company Pretred Announces $3 Million Investment

Sustainable Construction Products Company Pretred Announces $3 Million Investment

INDIANAPOLIS -May 11, 2021 – Pretred, a Colorado-based company that produces industrial barriers from >95% recycled materials, has announced a $3 million seed investment led by HG Ventures, the corporate venture arm of The Heritage Group. Pretred will use this investment to scale its US-based tire and plastic recycling process to meet the growing demand for green construction products. Pretred is a graduate of the 2020 cohort of The Heritage Group Accelerator Powered by Techstars®, a program for mentoring and developing early-stage companies in the hardtech industries of advanced materials, infrastructure, and environmental services.

Tire waste has become a worldwide environmental challenge, with >1 billion sent to the landfill or burned every year. The Pretred technology recycles approximately 65,000 tires for every mile of barriers (880 barriers). These barriers reduce 98% of equivalent CO2 emissions vs. concrete barriers, providing a sustainable product for use in construction, roads, parks and beyond.

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Heritage Invests in Future of Battery Recycling

Heritage Invests in Future of Battery Recycling

INDIANAPOLIS -February 10, 2021 – The Heritage Group and Heritage Environmental Services, Inc. (collectively, “Heritage”), a leader in environmental and sustainability services, launched a new division, Heritage Battery Recycling (HBR), in late 2020 to address growing market demand for safe, sustainable solutions for lithium-ion batteries near or at end-of-life. HBR’s goal is to recover and reuse critical battery precursor resources that exist in finite supply across the globe.

In collaboration with Romeo Power, Inc. (“Romeo Power“) (NYSE: RMO), an energy technology leader delivering large-scale electrification solutions for complex commercial applications, HBR will develop a battery reuse and recycling facility sited in the southwestern United States.

“By working directly with Romeo Power, we have a unique opportunity to provide a safe, environmentally sound end-of-life strategy for commercial truck manufacturers, commercial fleet managers and conscientious business owners who are investing in clean energy today,” said Jeff Laborsky, CEO of Heritage. “We are proud to be part of this long-term sustainability collaboration.”

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HG Ventures’ Rothrock Named to Global Corporate Venturing “Rising Star” List

HG Ventures’ Rothrock Named to Global Corporate Venturing “Rising Star” List

INDIANAPOLIS – January 21, 2021 – HG Ventures today announced that Senior Director Ginger Rothrock has been named to the “Top 50 Rising Stars” List by Global Corporate Venturing (GCV), the leading industry publication for corporate venture capital.

The Top 50 Rising Stars Award recognizes the most significant professionals who entered the industry during the previous five years from a global roster of more than 2,500 corporate venture arms. Rothrock received the award on Jan. 21 during Digital Forum 3.0, an online conference sponsored by GCV.

Rothrock is among only 12% of venture capital partners who are women.

“I am honored to receive such a distinguished award,” Rothrock said. “I’m passionate about the power of corporate venture capital to unlock innovation and further the entrepreneurial ecosystem, especially in the materials science and sustainability sectors that are our focus at HG Ventures. I look forward to making further contributions to the industry.”

Rothrock is the second member of the HG Ventures team recognized by GCV. Executive Vice President for New Ventures Kip Frey was included in the Powerlist Top 100 leaders of in-house venture capital groups in 2020.

“Rising Star is an excellent description of Ginger,” Frey said. “She is playing a key role in developing HG Ventures into one of the nation’s premier corporate investment initiatives.”

Rothrock was recruited to HG Ventures in late 2018 while serving as vice president of technology and commercialization at RTI International, a translational research institute in Research Triangle Park, North Carolina. Eleven years earlier, Rothrock, a Ph.D. chemist, co-founded Liquidia Technologies, a clinical biopharma company in Research Triangle that went public in 2018.

At HG Ventures, Rothrock is responsible for sourcing deals, due diligence, and portfolio company governance and support. She is also liaison for internal incubation projects at the more than 30 companies tied to both HG Ventures and its parent company, The Heritage Group. With more than 5,000 employees globally, The Heritage Group is among Indiana’s largest private companies.

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Heritage Environmental Services and Romeo Power Launch Commercial Fleet Electrification Program

Heritage Environmental Services and Romeo Power Launch Commercial Fleet Electrification Program

INDIANAPOLIS – January 5, 2021 – Heritage Environmental Services, Inc. (“HES”), a leader in environmental and recycling services, and Romeo Power, Inc. (“Romeo Power”) (NYSE: RMO), an energy technology leader delivering large-scale electrification solutions for complex commercial applications, announced today that they have launched a program to select fleet electrification partners to execute on HES’s fleet electrification strategy. HES and Romeo Power intend to select leading edge commercial Battery Electric Vehicle (BEV) value chain participants such as Original Equipment Manufacturers (OEMs), integrators and ePowertrain providers, to participate in the program. The goal is to enter into long-term production partnerships with program participants that deliver the best solution for Heritage’s requirements. All participants will be required to utilize Romeo Power’s energy technology and battery management system in their vehicle offerings.

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Romeo Power to Trade in NYSE Under Ticker “RMO”

Romeo Power to Trade in NYSE Under Ticker “RMO”

INDIANAPOLIS – January 5, 2021 – Romeo Systems, Inc. (“Romeo Power”), an energy technology leader delivering large-scale electrification solutions for complex commercial applications, announced today that it has completed its business combination (“Business Combination”) with RMG Acquisition Corp. (“RMG”) (NYSE: RMG), a special purpose acquisition company. The Business Combination was approved by RMG stockholders in a special meeting held on December 28, 2020 and consummated on December 29, 2020. Beginning on December 30, 2020, Romeo Power’s shares of common stock will trade on the New York Stock Exchange (“NYSE”) under the ticker symbol “RMO” and its warrants will trade on the NYSE under the ticker symbol “RMO.WT”.

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Food Navigator Names Epogee A Food Technology Company to Watch in 2021

Food Navigator Names Epogee A Food Technology Company to Watch in 2021

INDIANAPOLIS – December 7, 2020 – EPG (brand name: Epogee) is a plant-based oil that has been restructured in such a way that virtually none of it is absorbed by the body (instead of the usual 9 calories per gram, this fat has 0.7). And it’s attracting interest from formulators across the food industry, as firms see an opportunity to make significant calorie reductions without compromising taste or texture, claims commercial officer Jayme Caruso.

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Portfolio Company and Accelerator Participants Recognized in Forbes 30 Under 30

Portfolio Company and Accelerator Participants Recognized in Forbes 30 Under 30

INDIANAPOLIS – December 4, 2020 –

MITO Material Solutions co-founders, Haley Marie Keith and Kevin Keith, were named to the 2020 Forbes 30 Under 30 Manufacturing & Industry list. MITO Material Solutions is a HG Ventures portfolio company, and was a member of the 2019 class of The Heritage Group Accelerator Powered by Techstars. The company’s proprietary graphene-functionalization technique creates hybrid polymer modifiers that enhance durability while cutting the weight of materials. HG Ventures participated in the company’s oversubscribed $1M Series Seed round earlier this year.

Congratulations to accelerator participants, Myriam Sbeiti and Daniela Blanco, the co-founders of Sunthetics, for being named to the 2020 Forbes 30 Under 30 Energy list. Sunthetics was a member of the 2020 class of The Heritage Group Accelerator Powered by Techstars. The company is developing the first generation of smart electrochemical equipment that will allow traditional, fossil-fuel reliant reactions to be replaced with faster, more sustainable electric processes.