INDIANAPOLIS, IN – June 28, 2022 –

HG Ventures, the corporate venture arm of The Heritage Group, today announced its participation in a $25 million Series B raise for Circulor, the only proven technology solution that tracks materials, emissions, and compliance within manufacturing and recycling supply chains. Circulor’s suite of technologies gives users data-driven insights into their business to enable responsible sourcing. Through blockchain and AI software as a service (SaaS) technology, Circulor’s platform advances traceability, transparency, and risk management solutions.

“Circulor is helping companies track emissions and prove the sources of their raw materials, which enables decarbonization and mitigates supply chain risks,” said John Glushik, Managing Director at HG Ventures. “HG Ventures is excited to support Circulor’s team in their mission to develop complete industrial supply chain traceability and resiliency.”

Manufacturers in the automotive, extractive, recycling, and construction industries are looking for solutions to track the sources of their materials and decarbonize their operations. Leaders in these industries are seeking a supply chain that is traceable, ethical, and sustainable. Circulor enables them to be transparent about the source of their raw materials, increase the use of recycled plastic, reduce the flow of plastics into oceans, cut greenhouse gas emissions, and decarbonize their materials.

“We’re thrilled to partner with HG Ventures to advance secure and responsible supply chains,” said Douglas Johnson-Poensgen, Circulor CEO. “Digital transparency allows companies to track their material use and be more ethical and informed, and we’re proud to be working with such an experienced partner as we grow.”

HG Ventures invests in growing businesses that are disrupting traditional industries—be it through new processes, technology or materials. The team excels in partnering with visionary entrepreneurs to achieve dramatic business growth. HG Ventures is the corporate venture arm of The Heritage Group, which has more than 5,000 employees and 30 operating companies worldwide and is committed to a sustainable world.

 

INDIANAPOLIS, IN – May 17, 2022 –

 HG Ventures, the corporate venture arm of The Heritage Group, today announced that its Managing Director, Kip A. Frey, has once again been named to the Global Corporate Venturing (“GCV”) Powerlist 2022—representing the top 1% of corporate venturing leaders spearheading the industry’s future. Frey was named to the Powerlist for the third straight time, and this year ranked among the top 25 in GCV’s global rankings.

The Powerlist “allows the strategic, financial and leadership components of the best leaders to shine through,” said James Mawson, Editor-in-Chief of Global Corporate Venturing. “With more than 6,000 corporations having invested minority stakes in private entrepreneurs over the past decade, every year selecting the Powerlist gets harder and harder.” But, he added, “the persistence of the top performers in building networks, selecting deals and adding value remains strong.”

The Heritage Group tapped Frey to launch HG Ventures in 2018, leveraging his more than 25 years of experience in entrepreneurial and venture capital leadership. He previously served as Vice Provost for Innovation & Entrepreneurship at Duke University, and before that was a partner at venture capital firm Intersouth Partners. Additionally, Frey has served as CEO on seven different startup ventures. Under Frey’s leadership, HG Ventures has invested more than $178 million across 30 hardtech startups, all aligned with The Heritage Group’s core mission of providing sustainable solutions in specialty chemicals, environmental services, and transportation infrastructure.

“Congratulations to Kip and our HG Ventures team,” said Amy Schumacher, CEO of The Heritage Group. “From a standing start in 2018, Kip created a fully-functioning business unit that has become a central hub for innovation, disruptive investment, and entrepreneurial spirit at The Heritage Group. He has recruited a world-class team, produced stellar financial returns, enhanced the culture at THG, and built a globally prominent corporate venturing brand. These results have far exceeded our most optimistic expectations.”

HG Ventures Managing Director John Glushik was named a GCV Emerging Leader in 2022 and Senior Director Ginger Rothrock was named a GCV Rising Star in 2021.

 

INDIANAPOLIS, IN – February 10, 2022 –

HG Ventures, the corporate venture arm of The Heritage Group, today announced that Managing Director John Glushik has been recognized among the “Top 50 Emerging Leaders” list by Global Corporate Venturing (GCV), the leading industry publication for corporate venture capital.  

 Glushik was selected from more than 20,000 industry professionals across 2,500 corporate venturing units. The Emerging Leaders Award recognizes accomplished professionals who are considered the “heir apparent” and the “glue” in their corporate venture capital team. Glushik received the award during the GCV Rising Stars and Emerging Leaders 2022 ceremony, held virtually on Feb. 10. 

 At HG Ventures, Glushik leverages more than 20 years of venture investor experience to grow partnerships with innovative, high-growth companies that support a sustainable future in materials, infrastructure, environmental solutions and industrial systems. Glushik helped start HG Ventures in 2018 after serving as general partner at Intersouth Partners and managing director of the Duke Angel Network, covering all aspects of venture investment and portfolio management.  

“I’m honored to be recognized in this year’s Emerging Leaders list by the esteemed GCV team,” said Glushik. “It is a privilege to work with such a talented, diverse and passionate team of experts and innovators who are building solutions to our most pressing challenges. I look forward to continuing our work driving meaningful innovation in critical industries.” 

Glushik is the third HG Ventures executive recognized among GCV’s leaders. Senior Director Ginger Rothrock was named a GCV Rising Star in 2021 and Executive Vice President Kip Frey was included in the Powerlist Top 100 leaders of in-house venture capital groups in 2020 and again in 2021. 

“John’s commitment to trust, transparency and partnership perfectly demonstrates our team’s values,” said Frey. “His unwavering focus on these tenets is key to our long-term, collaborative and successful engagements with entrepreneurs, investors and ecosystem of experts.” 

 

Media Contact:  

Regan Keller 

Antenna Group for HG Ventures 

hg.ventures@antennagroup.com 

 

About HG Ventures:  

HG Ventures is the corporate venture arm of The Heritage Group, headquartered in Indianapolis, Ind. HG Ventures supports innovation and growth across The Heritage Group by investing and partnering with innovative, high-growth companies to support a sustainable future. The team leverages the world-class expertise of The Heritage Group operating companies and research center to offer a unique value proposition to its portfolio company partners. www.hgventures.com.  

INDIANAPOLIS, IN – January 11, 2022 –

HG Ventures, a venture capital investment firm and division of The Heritage Group that supports a sustainable future in materials, infrastructure, environmental solutions and industrial systems, announced today that it has invested in and formed a strategic partnership with American Rare Earth LLC, a subsidiary of the American Resources Corporation (NASDAQ:AREC) to scale up recycling of batteries, magnets and e-waste to recover and supply critical and rare earth metals to U.S. and global markets and contribute to the circular economy. Through its investment, HG Ventures has an ownership stake in American Rare Earth, as well as rights and warrants for subsequent investment.

The companies will pair American Rare Earth’s recycling technology and capabilities processing waste materials to recover and produce raw materials, with HG Ventures’ and The Heritage Group’s industry knowledge and supply chain expertise and connections to scale U.S. rare earth and critical metals production to supply manufacturers of electric motors and magnets.

With American Rare Earths’ first purification facility expected to be operational in the first half of 2022, this partnership further strengthens American Rare Earth’s foothold into various feedstock relationships for battery and magnet material including from spent electric vehicle and windmill motors and e-waste for which there is currently no comprehensive, sustainable, end-of-life solution. Additionally, the partnership opens up relationships with public and private customers demanding these purified metals to drive the growth and success of the electrification and clean tech markets while advancing national security interests.

American Rare Earth and Heritage are expediting the path to being the United States’ first and lowest cost producer of domestically-sourced, purified and sustainable battery and magnet metals.

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INDIANAPOLIS, IN – September 24, 2021 –

The Heritage Group and Techstars are teaming up for the third year to help 10 startups scale their innovative ideas.

This year’s cohort represents diverse geographies and industries within the hard tech and deep tech spaces. Over the next 13 weeks, each startup will scale their business and go to-market strategy under the guidance of mentors from Techstars and THG’s networks. Founders will work with experts to accelerate and overcome some of hard tech’s common challenges, including planning commercialization strategy, demonstrating proof of technology, securing pilot project opportunities, and acquiring new customers to grow revenue streams.

“We identified remarkable founders working towards building innovative solutions in some of the world’s toughest industries,” said Scott Kraege, Techstars Managing Director. “Our 2021 class of companies align with the most pressing areas of innovation for The Heritage Group including: material science, energy, chemicals, and construction technology. Every person involved in our program – from the founding teams to The Heritage Group’s 5,000+ employees to the Techstars team – shares the mission of solving these challenges.”

Introducing the 2021 class of The Heritage Group Accelerator powered by Techstars:

Cancrie

Cancrie transforms waste into superior quality advanced battery material to increases the efficiency of energy storage devices through a simple drop-in solution.

www.cancrie.co

 Envicore

EnviCore’s technologies offer the mining industry a revolutionary circular oil tailings mitigation and dewatering solution that provides unique environmental benefits.

www.envicoreinc.com

 InFLOWS

InFLOWS AI creates next-gen Computer Aided formulation toolboxes for chemists, enabling R&D labs to design chemicals faster, smarter, and cleaner.

inflows-ai.com

 Simplifyber

Simplifyber is transforming fashion’s antiquated factory system into sustainable, advanced manufacturing.

www.simplifyber.com

 Kintail

Kintail simplifies and integrates analytics for commercial construction firms, empowering construction teams to make smarter, faster decisions.

www.kintail.io

 Innovakote

Innovakote turns used powder coating into fresh powder through its proprietary recycling process, eliminating waste and reducing the carbon footprint of the industry’s supply chain.

www.innovakote.com

 Engaged Citizens

Engaged Citizens’ AI-powered platform delivers the government data you need so you can stay focused on your business.

www.engagedcitizens.us

 Carbon Limit

Carbon Limit transforms CO2 pollution into carbon negative sustainable resources and products we use everyday.

www.carbonlimit.com

 Cybrik

Cybrik has developed an enterprise platform that captures and automates administrative data for project management teams in the engineering and construction industry.

www.cybrik.ai

 Broadloop

BroadLoop is a virtual fleet logistics and dispatch intelligence platform that brings material producers, contractors, and fleet operators together to drive down costs and increase job profitability

www.meta-ct.com

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!

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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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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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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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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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.

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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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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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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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.

INDIANAPOLIS – October 15, 2020 – “The same way Moore’s Law for microchips has changed the world, the next generation of computing will be enabled by an acceleration in energy storage,” said Rajan Kumar, PhD, founder and CEO of the battery startup Ateios. “Technology keeps moving towards smaller and thinner devices for everyday use. The only thing stopping it is the battery.”

Ateios (pronounced “Ah-TAY-ohs”) has developed the world’s first flexible, paper-thin customizable battery. Today, they announced closing an over-subscribed, $1.25 million Series Seed financing round, led by early-stage venture capital firm, Good Growth Capital.

 

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Corporate venture capital arm of The Heritage Group honored as among the world’s most prominent

 

 

INDIANAPOLIS – September 17, 2020 – The Heritage Group (THG) announced today that Kip A. Frey, its Executive Vice President for New Ventures, has been named to the Global Corporate Venturing (GCV) Powerlist 2020. Published annually, the Powerlist recognizes the world’s top 100 leaders of in-house venture capital groups, drawn from a universe of more than 2,000 corporations that invest in innovative start-ups as part of their corporate strategies.

James Mawson, GCV’s Editor-in-Chief, described the Powerlist as “the global pinnacle in corporate venturing, both in thought leadership and deal-making acumen. Each member of this list leads a corporate venture arm at the forefront of institutional venture innovation.”

Since its formation in 2018 under Frey’s leadership, HG Ventures has invested more than $65 million in hardtech startups and now has a portfolio of more than twenty companies, including six Indiana-based businesses: 120Water, Epogee, Gauge Telematics, Biosynthetic Technologies, Ateios, and MITO Materials. HG Ventures was created to drive innovation and growth by investing in private companies and new technologies in THG’s core industries of environmental services, specialty chemicals, and transportation construction and materials.

“Innovation is core to who we are at The Heritage Group, and HG Ventures allows us to partner our world-class businesses with entrepreneurs at the cutting edge of those industries,” said Amy Schumacher, CEO of The Heritage Group. “We are very gratified to have our corporate venture arm receive such significant recognition so soon after our launch.”

Megan Glover, CEO of 120Water, has realized value at multiple levels through HG Ventures’ investment: “The HG Ventures team understands how larger corporations can fuel innovation through partnerships with startups and entrepreneurs,” said Glover. “When I met Kip, I knew there was sincere interest not only in our company vision but our ability to build an influential business in the local entrepreneurial ecosystem. That’s a winning combination.”

Frey’s team is currently hosting The Heritage Group Accelerator Powered by Techstars, which brings ten early-stage and early-growth companies to The Center, THG’s state-of-the-art R&D facility at Intech Park. HG Ventures provides the startups with funding, mentors, and access to technical expertise to develop and refine their business plans.

Prior to joining THG, Frey served as the Vice Provost for Innovation & Entrepreneurship and Professor of Law and Public Policy at Duke University. He practiced intellectual property law before joining Turner Broadcasting System where he contributed to the acquisition of Castle Rock Entertainment, the formation of the Cartoon Network, and construction of the MGM Grand Hotel. He has served as CEO of several startups and as a partner at venture capital firm Intersouth Partners. Frey is a Phi Beta Kappa graduate of the University of Southern California and of Duke Law School, where he served on the Duke Law Journal.

About HG Ventures

HG Ventures is the corporate venture capital arm of The Heritage Group (THG) that supports innovation and growth by investing and partnering with private companies developing new technologies and approaches in THG’s core and adjacent markets. By leveraging the world-class expertise of The Heritage

Group operating companies and research center, HG Ventures offers a unique value proposition to its portfolio company partners. https://www.hgventures.com/

INDIANAPOLIS – Indianapolis-based The Heritage Group and Techstars are teaming up for the second year to help 10 startup teams scale their innovative ideas. The company says the accelerator’s 2020 class of Next-Gen Hardtech Tech Companies includes founders and companies that are developing new solutions for some of the world’s biggest problems.

Techstars and The Heritage Group say the teams represent a diverse skill set, from construction tech and the industrial Internet of Things to sustainable material manufacturers. The startups are working on technologies such as repurposing plastic, reducing carbon emissions, and increasing worker safety.

“The accelerator is an opportunity to combine the material science expertise of The Heritage Group with the passion and vision of entrepreneurs to drive real change in the materials science and hardtech space,” said Kip Frey, Executive Vice President of New Ventures for The Heritage Group. “In partnership with Techstars, we look forward to welcoming a new class of entrepreneurs to Indianapolis and helping them build successful businesses.”

 

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INDIANAPOLIS – September 01, 2020 – MITO Material Solutions, a cutting edge developer of additives that enable polymer manufacturers to enhance product performance, announced an oversubscribed $1M Series Seed funding round led by two Chicago-based firms, Dipalo Ventures and Clean Energy Trust.

This investment follows MITO Materials receipt of more than $1.1 million in R&D grants from the National Science Foundation and participation in the Heritage Group Hardtech Accelerator powered by Techstars in late 2019. Additional Series Seed investors who participated in this round include Charlottesville, Virginia-based, CavAngels; Indiana-based HG Ventures, Elevate Ventures, and VisionTech Angels; and Oklahoma-based, Cortado Ventures.

 

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INDIANAPOLIS – April 22, 2020 – OTTAWA, Ontario–(BUSINESS WIRE)–Equispheres, a materials science innovator based in Ottawa, Canada, today announced they have raised Series B investment and a new round of funding totaling $30 Million (CDN), at an undisclosed valuation. This round of funding was led by advanced materials and sustainable technology investor, HG Ventures, with participation from Sustainable Development Technology Canada (SDTC), BDC, Canada’s bank for entrepreneurs, and other undisclosed contributors.

 

 

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INDIANAPOLIS – Feb 10, 2020 – HG Ventures, the corporate venture arm of the Heritage Group, today announced a $1.35 million seed round investment in Wildnote, an environmental compliance management solution. HG Ventures invested alongside Entrada Ventures, a Santa Barbara-based venture capital fund. Wildnote is a graduate of the inaugural 2019 cohort of The Heritage Group Accelerator Powered by Techstars®, a thirteen-week program for mentoring and developing early-stage companies in “legacy industries” such as advanced materials, infrastructure, and environmental services.

Wildnote operates a software-as-a-service platform that allows users to document compliance with environmental regulations through surveys, photos, and location tracking to generate agency-ready consolidated reports. Wildnote brings complicated paper reporting into the 21^st century, saving time and money. The company’s leadership team is comprised of longtime entrepreneurial software professionals, business developers, and community leaders with deep experience in environmental compliance.

“After getting to know The Heritage Group and HG Ventures through the Techstars® Accelerator program we were honored and grateful that HGV led our seed round investment,” said Kristen Hazard, co-founder and CEO of Wildnote. “We now have the resources to scale this company to ever increasing value for our customers, investors, and employees, while achieving our mission of protecting our natural resources by delivering the best platform to collect, manage, and report on environmental compliance.”

“Wildnote is changing the future of corporate environmental accountability by removing roadblocks for compliance,” said Kip Frey, Managing Director of HG Ventures and Executive VP of New Ventures at the Heritage Group. “Wildnote reflects the quality of companies that graduate from Techstars® programs. We are proud to support Kristen and her team with this investment and beyond.”

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About Wildnote

The Wildnote mission is to protect natural resources, and support business by delivering a platform to collect, manage, and report on environmental compliance data. Wildnote is a highly customizable cloud-based system for iOS, Android, and web that streamlines the process of environmental compliance so you can work smarter, not harder. The Wildnote team is passionate about nature, and we stand in awe of those who spend their time studying, protecting, and restoring it. We believe everyone deserves to enjoy a thriving healthy planet, so we work to build the best data collection tool in existence for environmental professionals.

About HG Ventures

HG Ventures is the corporate venture arm of The Heritage Group.  HG Ventures supports innovation and growth across The Heritage Group by investing and partnering with private companies developing new technologies and approaches in both our core and adjacent markets. We leverage the world class expertise of The Heritage Group operating companies and research center to offer a unique value proposition to our portfolio company partners.

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Media Contact

Ashlyn Myers

The Heritage Group and HG Ventures

abmyers@thgrp.com

NEWS – Aug 07, 2019 – Puraffinity, a spin-out from Imperial College London, that develops advanced materials for selectively removing target chemical compounds from water, has announced an oversubscribed seed round of $3.55M (£2.8M) from leading sustainability investors.

 

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INDIANAPOLIS – Feb 21, 2019 – HG Ventures today announced it led a $8.3 million investment in Epogee, which produces a portfolio of revolutionary fat replacement and flavor enhancement food ingredients that aim to dramatically improve nutrition and taste in food throughout global markets. Epogee will use this investment to expand current manufacturing and accelerate technical capabilities to support customers.

 

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