Hercules Capital is the largest business development company focused on venture lending, and the lender of choice for innovative entrepreneurs and their venture capital partners.
in commitments
IPO and M&A exits
companies funded
assets under management
co-investments with VC & PE firms
new debt & equity commitments
in commitments
assets under management
IPO and M&A exits
co-investments with VC & PE firms
companies funded
new debt & equity commitments
(a)Since inception through March 31, 2021 (b)Q1 2021
INDUSTRIES WE SERVE
Hercules has been a great partner for Box since 2008. They were very supportive during the financial crisis and grew through multiple transactions as our business started to scale. The Hercules team is flexible, creative and easy to work with. I would highly recommend them for any growth company looking for capital.
Dylan Smith
(CFO, Box)
Featured Portfolio Companies
Axsome Therapeutics
Axsome Therapeutics, Inc. (NASDAQ: AXSM) is a biopharmaceutical company developing novel therapies for the management of central nervous system (CNS) disorders for which there are limited treatment options. For the many people facing unsatisfactory treatments for CNS disorders, Axsome accelerates the invention and adoption of life-changing medicines.
www.axsome.com
Bicycle Therapeutics
Bicycle Therapeutics (NASDAQ: BCYC) is a clinical-stage biopharmaceutical company developing a novel class of medicines, referred to as Bicycles, for diseases that are underserved by existing therapeutics.
www.bicycletherapeutics.com
ChemoCentryx
ChemoCentryx is a focused pharmaceutical company creating first-in-class, orally available medicines for autoimmune diseases, inflammatory disorders and oncology. By leveraging their pioneering expertise in the field of chemokine research, ChemoCentryx has generated a broad portfolio of medicines targeting the chemokine system, with six product candidates currently in pre-clinical and clinical stages of development.
www.chemocentryx.com
Thumbtack
Thumbtack provides a marketplace and review site for local services. All service providers create an online profile, then manage an online appointment calendar, accept online payments, and begin local marketing campaigns. Thumbtack also lets would-be employers vet the identity of the service providers before providing any financial information or booking an appointment.
www.thumbtack.com
BitSight
BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk.
www.bitsight.com
AppDirect
AppDirect eliminates the risk of delivering white label tech support to end users with complete solution packages that include call center resources, software, and technology and operational expertise.
www.appdirect.com
Proterra
Proterra is a leader in the design and manufacture of zero-emission electric buses that reduce fleet operating costs and eliminate dependency on fossil-fuels.
www.proterra.com
TPI Composites, Inc.
TPI Composites is a global provider of wind turbine blades and other advanced structural composites products, with more than 2,000 employees who are also expert innovators in the transportation and military vehicle markets.
www.tpicomposites.com
Rive Technology
Rive is a developer of innovative materials-based solutions for catalytic and separations processes in the petroleum refining, chemicals, and biofuels industries. Through its Molecular Highway technology, an innovative materials science platform, Rive enables higher performing catalysts and adsorbents. Rive is commercializing its Molecular Highway technology for the petroleum refining industry, specifically fluid catalytic cracking, with W.R. Grace (NYSE: GRA) through jointly developed FCC catalysts. FCC catalysts powered by Molecular Highway technology allow refiners to profit by increasing production of high-quality fuels and by processing heavier crudes.
www.rivetechnology.com
ReachLocal
ReachLocal, Inc. (NASDAQ:RLOC) helps local businesses grow and operate their business better with leading technology and expert service for our clients' lead generation and conversion.
www.reachlocal.com
Mattersight
Mattersight helps brands have better chemistry with their customers. Using a suite of innovative personality-based products, Mattersight can analyze and predict customer behavior based on the language exchanged during service and sales interactions. This insight can then facilitate real-time connections between customers and the agents best capable of handling their needs. Mattersight's patented stack of SaaS products has influenced hundreds of millions of shorter, more satisfying customer interactions. Organizations across the Financial Services, Healthcare, Technology, and Telco industries rely on Mattersight to drive customer retention, employee engagement, and operating efficiency.
www.mattersight.com
Vela Trading
Vela Trading Technologies (“Vela”) is a leading provider of market data software, managed services, and content to global financial services clients, connecting banks, hedge funds, and other buy and sell-side firms to the global markets for trading across many asset classes. Vela software processes pricing, trading, and other data from exchanges (and other sources), cleans and normalizes that data, and distributes it for a variety of trading and order execution applications.
www.velatradingtech.com
Hercules’ understanding and decades of experience working with companies in the life sciences sector meant they were able to recognize the elements – an experienced management team, a solid product and a well-managed balance sheet – that make up a company positioned to realize its full potential.
By turning to Hercules, a specialty finance company that focused on venture debt in the technology space, Druva was able to access more capital than a traditional bank could provide and avoid the dilution that would be caused by raising additional equity.
Plug Power had been experiencing tremendous growth and needed to obtain non-dilutive, growth capital. This would mean finding a financial partner that could understand its sophisticated financing structure which included a number of instruments like sale/leaseback project financing.
