Investments
207Portfolio Exits
65Funds
2Partners & Customers
2About Hercules Capital
Hercules Capital (NYSE:HTGC) ("Hercules") is a specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and energy & renewable technology industries, at all stages of development. Since inception (December 2003), Hercules has committed more than $4.6 billion to over 300 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing.
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Latest Hercules Capital News
Sep 17, 2023
(nyse:htgc) Venture Capital Hercules Capital (NYSE:HTGC) is an exciting income investment offering a 10% yield, a robust balance sheet, and strong growth prospects. The company is uniquely positioned in the venture capital industry. It has two advantages: it is internally managed and debt-focused. The former is a rare bird in the VC business. Being a managed company saves expenses for external funds managers, thus improving the company`s bottom line. The latter is often overlooked, but VC debt funders will gain more traction in a higher for longer interest rates environment. Hercules Capital is one of the few internally managed business development companies (BDCs).
Hercules Capital Investments
207 Investments
Hercules Capital has made 207 investments. Their latest investment was in Tipalti as part of their Series F - II on May 5, 2023.
Hercules Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
5/15/2023 | Series F - II | Tipalti | $150M | Yes | 9 | |
2/27/2023 | Series E | Skydio | $230M | Yes | 4 | |
1/12/2023 | Debt | AmplifyBio | Yes | 1 | ||
11/29/2022 | Series F | |||||
10/31/2022 | Debt |
Date | 5/15/2023 | 2/27/2023 | 1/12/2023 | 11/29/2022 | 10/31/2022 |
|---|---|---|---|---|---|
Round | Series F - II | Series E | Debt | Series F | Debt |
Company | Tipalti | Skydio | AmplifyBio | ||
Amount | $150M | $230M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 9 | 4 | 1 |
Hercules Capital Portfolio Exits
65 Portfolio Exits
Hercules Capital has 65 portfolio exits. Their latest portfolio exit was Paratek Pharmaceuticals on September 20, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
9/20/2023 | Take Private | 10 | |||
6/26/2023 | Acquired | 1 | |||
2/2/2023 | Acq - Fin | 1 | |||
Date | 9/20/2023 | 6/26/2023 | 2/2/2023 | ||
|---|---|---|---|---|---|
Exit | Take Private | Acquired | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 10 | 1 | 1 |
Hercules Capital Acquisitions
3 Acquisitions
Hercules Capital acquired 3 companies. Their latest acquisition was Gibraltar Business Capital on March 05, 2018.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
3/5/2018 | Debt | $250M | Acquired | 2 | ||
3/10/2008 | ||||||
10/10/2007 | Debt |
Date | 3/5/2018 | 3/10/2008 | 10/10/2007 |
|---|---|---|---|
Investment Stage | Debt | Debt | |
Companies | |||
Valuation | |||
Total Funding | $250M | ||
Note | Acquired | ||
Sources | 2 |
Hercules Capital Fund History
2 Fund Histories
Hercules Capital has 2 funds, including Hercules Technology II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
12/31/2007 | Hercules Technology II | Expansions & Growth | Closed | $124M | 1 |
12/31/2003 | Hercules Technology Growth Capital |
Closing Date | 12/31/2007 | 12/31/2003 |
|---|---|---|
Fund | Hercules Technology II | Hercules Technology Growth Capital |
Fund Type | Expansions & Growth | |
Status | Closed | |
Amount | $124M | |
Sources | 1 |
Hercules Capital Partners & Customers
2 Partners and customers
Hercules Capital has 2 strategic partners and customers. Hercules Capital recently partnered with Tricida on March 3, 2018.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
3/2/2018 | Partner | United States | Tricida Announces $100 Million Venture Debt Financing From Hercules Capital `` Hercules Capital , Inc. is pleased to enter into this financing partnership with Tricida , Inc. at this important stage as it continues to advance its lead investigational drug candidate targeting patients with a significant unmet medical need , '' said Scott Bluestein , chief investment officer of Hercules Capital , Inc. . | 2 | |
6/12/2017 | Partner |
Date | 3/2/2018 | 6/12/2017 |
|---|---|---|
Type | Partner | Partner |
Business Partner | ||
Country | United States | |
News Snippet | Tricida Announces $100 Million Venture Debt Financing From Hercules Capital `` Hercules Capital , Inc. is pleased to enter into this financing partnership with Tricida , Inc. at this important stage as it continues to advance its lead investigational drug candidate targeting patients with a significant unmet medical need , '' said Scott Bluestein , chief investment officer of Hercules Capital , Inc. . | |
Sources | 2 |
Hercules Capital Team
28 Team Members
Hercules Capital has 28 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Sarbvir Singh | WaterBridge Ventures, HomeShop18, Capital18, Citigroup, and Emerson | Founder | Current |
Name | Sarbvir Singh | ||||
|---|---|---|---|---|---|
Work History | WaterBridge Ventures, HomeShop18, Capital18, Citigroup, and Emerson | ||||
Title | Founder | ||||
Status | Current |
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