Investments
268Portfolio Exits
69Funds
3Partners & Customers
5About Hercules Capital
Hercules Capital is a business development company that specializes in venture lending within the technology, life sciences, and renewable technology sectors. The company offers senior secured venture growth loans to high-growth, venture capital-backed companies, providing them with capital options to support their growth and innovation. Hercules Capital serves sectors such as life sciences, technology, SaaS finance, and special situations. It was founded in 2003 and is based in San Mateo, California.
Latest Hercules Capital News
Oct 18, 2025
and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has scheduled its third quarter 2025 financial results conference call for Thursday, October 30, 2025, at 2:00 p.m. PT (5:00 p.m. ET). Hercules will release its financial results after market close that same day. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Investor Resources section of our website at . Please visit the website to test your connection before the webcast. Domestic callers can access the conference call toll free by dialing +1 (800) 267-6316. International callers can access the conference call by dialing +1 (203) 518-9783. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected and to reference the conference ID HTGCQ325. For interested parties, an archived replay will be available on a webcast link located on the Investor Resources section of Hercules Capital's website. About Hercules Capital, Inc. Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since inception (December 2003), Hercules has committed more than $23 billion to over 690 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Companies interested in learning more about financing opportunities should contact , or call 650.289.3060. Hercules, through its wholly owned subsidiary business, Hercules Adviser LLC (the “Adviser Subsidiary”), also maintains an asset management business through which it manages investments for external parties (“Adviser Funds”). The Adviser Subsidiary is registered as an investment adviser under the Investment Advisers Act of 1940. Hercules' common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol “HTGC.” In addition, Hercules has one retail bond issuance of 6.25% Notes due 2033 (NYSE: HCXY).
Hercules Capital Investments
268 Investments
Hercules Capital has made 268 investments. Their latest investment was in Tipalti as part of their Series G on September 24, 2025.
Hercules Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/24/2025 | Series G | Tipalti | $200M | No | 4 | |
9/9/2025 | Debt | Strive Health | $250M | Yes | 2 | |
4/10/2025 | Series F | Job&Talent | $100.75M | Yes | Atomico, BlackRock, DN Capital, InfraVia Capital, Kibo Ventures, Kinnevik, Quadrille Capital, and Undisclosed Investors | 6 |
12/19/2024 | Growth Equity | |||||
12/2/2024 | Line of Credit |
Date | 9/24/2025 | 9/9/2025 | 4/10/2025 | 12/19/2024 | 12/2/2024 |
|---|---|---|---|---|---|
Round | Series G | Debt | Series F | Growth Equity | Line of Credit |
Company | Tipalti | Strive Health | Job&Talent | ||
Amount | $200M | $250M | $100.75M | ||
New? | No | Yes | Yes | ||
Co-Investors | Atomico, BlackRock, DN Capital, InfraVia Capital, Kibo Ventures, Kinnevik, Quadrille Capital, and Undisclosed Investors | ||||
Sources | 4 | 2 | 6 |
Hercules Capital Portfolio Exits
69 Portfolio Exits
Hercules Capital has 69 portfolio exits. Their latest portfolio exit was SingleStore on September 10, 2025.
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 |
|---|---|---|---|---|---|
9/10/2025 | Management Buyout | 2 | |||
3/25/2025 | Acquired | 3 | |||
10/14/2024 | Acquired | 2 | |||
Date | 9/10/2025 | 3/25/2025 | 10/14/2024 | ||
|---|---|---|---|---|---|
Exit | Management Buyout | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 3 | 2 |
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
3 Fund Histories
Hercules Capital has 3 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 | ||||
Hercules Growth Lending Fund IV |
Closing Date | 12/31/2007 | 12/31/2003 | |
|---|---|---|---|
Fund | Hercules Technology II | Hercules Technology Growth Capital | Hercules Growth Lending Fund IV |
Fund Type | Expansions & Growth | ||
Status | Closed | ||
Amount | $124M | ||
Sources | 1 |
Hercules Capital Partners & Customers
5 Partners and customers
Hercules Capital has 5 strategic partners and customers. Hercules Capital recently partnered with Latham & Watkins on June 6, 2024.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
6/21/2024 | Vendor | United States | 2 | ||
10/21/2022 | Vendor | ||||
3/2/2018 | Partner | ||||
6/12/2017 | Partner | ||||
Vendor |
Date | 6/21/2024 | 10/21/2022 | 3/2/2018 | 6/12/2017 | |
|---|---|---|---|---|---|
Type | Vendor | Vendor | Partner | Partner | Vendor |
Business Partner | |||||
Country | United States | ||||
News Snippet | |||||
Sources | 2 |
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