The Venture Codex Logo

The Venture Codex

Hercules Capital

1 North B Street, Suite 2000, San Mateo, CA, 94401, United States

Overview

Non-bank lender providing venture debt to technology and life sciences.

Founded

2003

Deals ยท 12mo

9

Links

WebsiteLinkedInX (Twitter)

Stage focus

Debt

Geographic focus

United States

Sector focus

Commercial Lending
Financial Services
Lending
Venture Capital

Investment portfolio

80rounds
NAMEDATESIZE
Capitolis
Oct 2026Participated
$220 MSeries E
NorthStar Medical Radioisotopes
Oct 2026Led
$185 MDebt
Beren Therapeutics
Jun 2026Participated
$245 MOther Equity
TravelPerk
Jun 2026Participated
$300 MDebt
Hermeus
Apr 2026Participated
$350 MSeries C
Intercom
Mar 2026Led
$250 MDebt
Tenpoint Therapeutics
Jan 2026Participated
$235 MDebt
Funnel
Jan 2026Led
$80 MDebt
enGene
Jan 2026Led
$125 MDebt
Tipalti
Sep 2025Led
$200 MOther Equity
Strive Health
Sep 2025Led
$550 MSeries D
Snappt
Aug 2025Led
$50 MDebt
Capitolis
Oct 2026Participated
$220 MSeries E
NorthStar Medical Radioisotopes
Oct 2026Led
$185 MDebt
Beren Therapeutics
Jun 2026Participated
$245 MOther Equity
TravelPerk
Jun 2026Participated
$300 MDebt
Hermeus
Apr 2026Participated
$350 MSeries C
Intercom
Mar 2026Led
$250 MDebt
Tenpoint Therapeutics
Jan 2026Participated
$235 MDebt
Funnel
Jan 2026Led
$80 MDebt
enGene
Jan 2026Led
$125 MDebt
Tipalti
Sep 2025Led
$200 MOther Equity
Strive Health
Sep 2025Led
$550 MSeries D
Snappt
Aug 2025Led
$50 MDebt
80
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Hercules Capital: 80 funding rounds are recorded in the selected participation categories.All available history.
Hercules Capital: 80 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B11
Series C+115
Other Equity817
Debt334

Monthly Deal Activity

Hercules Capital: 80 deals are recorded across 242 months.All available history.
Hercules Capital: 80 deals are recorded across 242 months. All available history
MonthDeals
Sep '061
Oct '061
Nov '060
Dec '060
Jan '070
Feb '070
Mar '070
Apr '070
May '070
Jun '070
Jul '070
Aug '070
Sep '070
Oct '070
Nov '070
Dec '070
Jan '080
Feb '081
Mar '080
Apr '080
May '080
Jun '080
Jul '080
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '100
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '121
Mar '121
Apr '120
May '120
Jun '121
Jul '120
Aug '120
Sep '120
Oct '120
Nov '121
Dec '120
Jan '130
Feb '130
Mar '131
Apr '130
May '131
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '141
May '140
Jun '141
Jul '140
Aug '140
Sep '141
Oct '141
Nov '142
Dec '140
Jan '151
Feb '152
Mar '150
Apr '150
May '150
Jun '150
Jul '152
Aug '150
Sep '150
Oct '150
Nov '150
Dec '151
Jan '160
Feb '161
Mar '161
Apr '161
May '160
Jun '161
Jul '161
Aug '160
Sep '160
Oct '160
Nov '161
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '171
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '182
Feb '180
Mar '181
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '181
Jan '192
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '210
Sep '212
Oct '212
Nov '210
Dec '212
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '222
Nov '220
Dec '220
Jan '231
Feb '231
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '231
Jan '240
Feb '241
Mar '240
Apr '241
May '242
Jun '241
Jul '242
Aug '240
Sep '240
Oct '241
Nov '240
Dec '241
Jan '250
Feb '250
Mar '251
Apr '251
May '250
Jun '250
Jul '251
Aug '251
Sep '252
Oct '250
Nov '250
Dec '250
Jan '263
Feb '260
Mar '261
Apr '261
May '260
Jun '262
Jul '260
Aug '260
Sep '260
Oct '262

Sector Breakdown

Hercules Capital: Health & Life Sciences is the largest displayed sector by deal count (41 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Hercules Capital: Health & Life Sciences is the largest displayed sector by deal count (41 deals). All available history
SectorDeals
Health & Life Sciences41
Enterprise Software21
Networks, Cloud & Communication9
AI & Machine Learning9
Fintech8
Cybersecurity & Privacy6
Data, Analytics & IT6
Transportation & Logistics6
Hardware & Robotics6
Professional Services6
Consumer & Lifestyle5
Manufacturing5
Clean Energy & Sustainability4
Marketing & Advertising4
Government & Defense3
Media & Entertainment3
E-Commerce & Retail2
Space & Frontier Tech2
Developer Tools2
Travel & Hospitality1
Education & Workforce1
Real Estate & Construction1

Deal Size Distribution

Hercules Capital: 80 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Hercules Capital: 80 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M1
$10M-$25M11
$25M-$50M17
$50M-$100M21
$100M-$250M20
$250M-$500M6
$500M-$1B1
$1B+0

Deals By Geography

Hercules Capital: United States has the largest recorded deal count among the displayed regions (69 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Hercules Capital: United States has the largest recorded deal count among the displayed regions (69 deals). All available history
RegionDeals
United States69
Europe10
Canada1
Hercules Capital: 20 co-investors are shown, with Silicon Valley Bank sharing 7 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Hercules Capital: 20 co-investors are shown, with Silicon Valley Bank sharing 7 recorded deals. All available history
Co-investorShared deals
Silicon Valley Bank7
J.P. Morgan5
Abingworth2
Accel2
Accuitive Medical Ventures2
Advanced Technology Ventures2
ARCH Venture Partners2
Axon2
BlackRock2
Clarus Ventures2
Correlation Ventures2
Cox Enterprises2
Draper Fisher Jurvetson2
Endeavour Vision2
Founders Fund2
HBM Partners2
HealthCrest2
InterWest Partners2
New Enterprise Associates2
Pinegrove Venture Partners2

Investment Strategy

Hercules Capital: Led accounts for 54% and participating for 46% of round participation.All available history.
Hercules Capital: Led accounts for 54% and participating for 46% of round participation. All available history
CategoryDeals (count)Share (%)
Led4354%
Participating3746%
Hercules Capital: Single-lead accounts for 81% and co-led for 19% of lead dynamics.All available history.
Hercules Capital: Single-lead accounts for 81% and co-led for 19% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3581%
Co-led819%

Team

Bryan R. Jadot

Senior Managing Director and Group Head - Life Sciences

James Downing
John Eggbeer

Managing Director

Kristen Kosofsky

Senior Managing Director

Lake McGuire

Managing Director | Life Sciences

Michael Plato

Vice President

Roy Y. Liu

Managing Director / Co-founder

Scott Bluestein

Chief Executive Officer and Chief Investment Officer

Steve Kuo

Senior Managing Director and Group Head - Technology