Investment Thesis

Hercules Capital is the largest non-bank venture debt lender globally, providing senior secured loans of $5M-$200M+ to high-growth, venture-backed companies in technology and life sciences. The fund delivers flexible, less-dilutive credit solutions to complement equity capital, enabling companies to extend runway, achieve milestones, and reach liquidity events with minimal equity dilution.

Focus Areas

Investment Signals

Sample Portfolio Companies

M

Marathon Health

M

Maze Therapeutics

M

MoonLake Immunotherapeutics

A

Armis

F

Fin

O

Oak Street Health

2

23andMe

4

4D Molecular Therapeutics

9

908 Devices

A

Acacia Pharma

A

Acceleron Pharma

A

AcelRx Pharmaceuticals

A

Achronix Semiconductor

A

Actifio

A

Adaptimmune

A

ADMA Biologics

A

Adroll Group

A

Agami Systems

A

Ageia Technologies

A

Agile Therapeutics

A

Agrivida

A

Alamar Biosciences

A

Aldeyra Therapeutics

A

Alexza Pharmaceuticals

A

Alimeria Sciences

A

Alphabet Energy

A

Althea Technologies

A

Altimmune

A

Amedica

A

American Superconductor

A

AmplifyBio

A

Amyris

A

Anacor Pharmaceuticals

A

Ancestry.com

A

Annie's

A

Antares Pharma

A

Anthera Pharmaceuticals

A

AppDirect

A

Aprecia Pharmaceuticals

A

Aquantia

A

Arctic Wolf

A

Arcus Biosciences

A

Aria Systems

A

Atrenta

A

Audentes Therapeutics

A

Auris Medical

A

Avanti Communications Group

A

Avedro

A

Aveo Pharmaceuticals

A

Avnera

A

Axovant Sciences

A

Axsome Therapeutics

B

BabyUniverse

B

Banker's Toolbox

B

BARRx

B

Baxano Surgical

B

Behavox

B

Bellicum Pharmaceuticals

B

Better Therapeutics

B

Bicycle Therapeutics

B

BIND Therapeutics

B

BioAmber

B

BioQuiddity

B

BitSight

B

Blurb

B

Box

B

Braxton Technologies

B

Brickell Biotech

B

BridgeBio

B

Bridgewave Communications

B

BrightSource Energy

B

Bullhorn

B

Businessolver

B

Bustle

B

Buzz Media

C

Calera

C

CallMiner

C

Campaign Monitor

C

CapLinked

C

Carbon Health

C

CareCloud

C

CashStar

C

Celator Pharmaceuticals

C

Celsion Corporation

C

Cempra

C

Central Desktop

C

Cerecor

C

Cerulean Pharmaceutical

C

Cha Cha

C

Chainalysis

C

ChargePoint

C

Checkr

C

ChemoCentryx

C

Chroma Therapeutics

C

Cittio

C

Clarabridge

C

ClearObject

C

Cleveland BioLabs

C

ClickFox

C

ClickUp

C

Cloud Technology Partners

AUM & Sources

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