HG Ventures

HG Ventures is the corporate venture capital arm of The Heritage Group, focusing on investments in innovative, high-growth companies that contribute to a sustainable future. The firm primarily targets sectors such as materials, infrastructure, environmental solutions, and industrial systems. They partner with entrepreneurs developing new technologies and approaches in both core and adjacent markets, leveraging the extensive expertise, assets, and relationships of The Heritage Group to support their portfolio companies' growth and vision. HG Ventures operates with a flexible investment strategy, engaging in early to growth stage opportunities and capable of leading or following investment rounds.

Founded in 2018, HG Ventures was established to support innovation and growth across The Heritage Group's diverse portfolio of companies. Key figures in its establishment include Kip Frey, who created HG Ventures, and John Glushik, who started and built the firm, both bringing extensive venture investment and entrepreneurial experience. The firm's approach is characterized by patience and a long-term view, stemming from its permanent capital base, and a commitment to building value through strategic partnerships rather than fixed liquidity expectations.

The firm's portfolio showcases a range of companies addressing significant challenges with novel technical solutions. Notable investments include Battle Motors, which manufactures durable refuse and recycling trucks, including electric models; Pretred, which repurposes waste tires and plastics into industrial barriers; ElectraMet, developing advanced wastewater filtration; and SOLARCYCLE, focused on recycling solar panels. Other portfolio companies like Valerann are making roads smart, while Biosynthetic Technologies produces sustainable biobased compounds, and PinPoint Analytics offers an AI-powered construction data platform.

The HG Ventures team comprises experienced professionals with deep industry expertise and a rich history of innovation and entrepreneurship. Managing Directors like Kip Frey and John Glushik bring decades of experience in venture capital and engineering. The team also includes Venture Directors, Principals, Associates, and a Platform Manager, such as Sarah Schlifke, who focuses on connecting portfolio companies with The Heritage Group's resources and the broader startup ecosystem. Their collective background spans areas like managed mobility, mining, investment banking, and corporate strategy, enabling them to provide substantial operational and strategic support to hardtech entrepreneurs.