The Water VC You Can't Name (How HG Ventures Deployed $48,523,663 in Water Tech)
(don't) Waste Water! | Water Tech to Solve the World

The Water VC You Can't Name (How HG Ventures Deployed $48,523,663 in Water Tech)

B1IntermediateJune 3, 20261 hr 1 min

How did HG Ventures quietly become one of the most active water tech investors on the planet, without even calling itself a water VC? HG Ventures is the corporate venture capital arm of The Heritage Group, a 100-year-old, family-owned Indianapolis conglomerate active in asphalt, quarries, environmental services and specialty chemicals. With $350M in assets, the fund deploys around $50M a year across 41 portfolio companies and 7 sectors, and ranks 5th globally in water tech by deal count despite water being only 18% of its thesis. Ginger Rothrock holds a PhD in...

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Hello sports fans and welcome to Indianapolis for the biggest event there is this May.

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Did you expect something else?

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0:00

Hello sports fans and welcome to Indianapolis for the biggest event there is this May. Of course, the Industrial Water Forum held at the Heritage Group. Did you expect something else? Of course you did. I'm not delusional.

0:15

I know that the Indy 500 is the obvious answer to that question, especially when it was happening just around the time I was in Indianapolis. But if you came expecting me to talk about that, I'm sorry to break it to you, but the race we'll discuss today is held on a much shorter track,

0:31

but with stakes that arguably compound over the next decade rather than over the next 500 miles only. Around the tables and on the stage of the industrial water forum I came here to attend and speak, you had food and beverage, manufacturing, chemical or agriculture conglomerates debating their water challenges. And on the other end of the agenda, a handful

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