Hercules Provides venture debt and equity to venture capital and private equity backed technology and life science companies at all stages of development.
Does HTGC have Sub-prime exposure?
No. Hercules does not have Sub-prime exposure as we primarily invest in venture capital backed technology and life science companies.
Does HTGC offer Consumer Loans?
No. Hercules does not offer Consumer Loans as we primarily invest in venture capital backed technology and life science companies.
Does HTGC have Real Estate exposure?
No. Hercules does not have Real Estate exposure as we primarily invest in venture capital backed technology and life science companies.
What types of financing solutions does HTGC provide?
We provide financing solutions designed to serve the evolving needs throughout a company's life cycle. These include Senior Secured Term Loans, Senior or Junior Second-lien and Last-out Term Loans, Traditional Growth Capital Loans, Asset-Based Loans or Revolvers, Asset Specific "Equipment" Loans, Acquisition Finance Loans, Public to Private Financings, Private Investment in Public Equities "PIPES" and Select Private Equity Co-Investments primarily to venture capital and private equity backed technology and life science companies at all stages of development.
When was HTGC founded?
The company was founded in December 2003.
When did HTGC complete its Initial Public Offering and what was the offering price?
The IPO was completed on June 9, 2005. Our offering price was $13.00.
What exchange is HTGC listed on?
We are listed on the Nasdaq Global Select Market.
What is the ticker symbol?
Our stock is traded under the HTGC ticker symbol.
Where is HTGC located?
Hercules is headquartered in Palo Alto, California, but we also have offices in Boulder, Colo. and Boston, Mass.
What is HTGC's investment strategy?
Hercules Technology Growth Capital provides financing options to companies in all stages of the company lifecycle including early and emerging companies with existing venture capital as well as publicly traded companies. Hercules financing in addition to traditional venture capital or private equity funds minimizes dilution and lowers the cost of capital, particularly for those companies that have not yet achieved positive cash flow. For publicly traded companies, Hercules provides similar types of credit facilities when access to public capital is lacking or if companies are sensitive to equity ownership dilution from private investment in public equity (PIPE's).
What differentiates HTGC from similar companies?
Our team of 15 seasoned investment directors and principals have more than 188 years of venture capital and specialty investment experience and are committed to helping build our portfolio companies into market leaders. Hercules Technology Growth Capital uses venture debt financing solutions to provide business founders and management teams with additional capital, without diluting valuation for the shareholders.
What is "venture debt"?
Venture debt, also known as structured senior debt with warrants, is growth capital obtained through a loan by a company and is typically used for operating expenses. Venture leasing, or equipment financing, is a specific type of venture debt which is used to purchase equipment, land and other tangible assets.
Most often, venture debt is used by companies currently backed by venture capital or private equity funds. Hercules, on the other hand, provides venture debt to companies throughout the company lifecycle, financing early-stage startups, emerging growth companies, later-stage, and publicly traded companies, all of which are in need of additional capital without sacrificing company valuation.
What are the benefits of "venture debt" compared with traditional equity venture capital funding?
Venture debt is designed to complement traditional venture capital funding, which allows those companies to achieve superior performance, minimize dilution for shareholders and increase the potential to gain "first-to-market advantage" over competitors. Venture debt can provide the additional capital needed to reach important product-development milestones or enter the next equity fundraising event with a higher valuation.
What types of companies does HTGC fund?
Hercules Technology Growth Capital assists companies throughout their entire life cycle. We specialize in providing venture debt to life science and technology companies in high-growth sectors such as biotechnology, communications technology, software (infrastructure and applications), and semiconductors as well as mature-growth sectors like healthcare, business services and financial services, backed by leading Venture Capital and Private Equity firms.
What is HTGC Target Area of Investment?
Hercules Provides venture debt and equity to venture capital and private equity backed technology and life science companies at all stages of development.
What is the average size of a HTGC financing deal?
Hercules Technology Growth Capital's loans range from $1 million to $20 million. We also have the capability to arrange transactions up to $30 million.
How do companies benefit from SBIC funding from HTGC?
Small businesses which qualify for assistance from the SBIC program are able to receive equity capital, long-term loans, and expert management assistance. Investment managers participating in the SBIC program can supplement their own private investment capital with funds borrowed at favorable rates through the federal government. Most importantly, the Nation's economy benefits from the program as the small businesses financed by SBICs continue to create hundreds of thousands of jobs and generate tax revenues over the program's life.
Does HTGC offer a DRP (DRIP) program?
Yes, please click here to see more information on the DRP (DRIP) program.
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