Hercules Capital Inc (HTGC) is a specialty finance company that offers venture debt and senior secured loans to venture capital-backed companies in technology, life science, sustainable and renewable technology companies. The company provides growth capital financing for convertible, subordinated and mezzanine loans, management buy-outs and corporate spinouts, vendor financing; and asset-based financing with a focus on equipment loans or leases, cash flow and inventory. It also provides bridge financing to IPO and technology acquisition, strategic and intellectual property acquisition financings; and pre-IPO financing for extra cash on the balance sheet. The company operates offices in California, New York, Connecticut and others. HTGC is headquartered in Palo Alto, California, the US.
Headquarters
United States of America
Address
1 North B Street, Suite 2000, San Mateo, California, 94401
Website
www.htgc.com
Telephone
1 650 2893060
No of Employees
100
Industry
Financial Services
Ticker Symbol & Exchange
HTGC (NYSE)
Revenue (2022)
$460.7M
43.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
230.6%
(2022 vs 2021)
Market Cap*
$2.9B
Net Profit Margin (2023)
XYZ
130.9%
(2022 vs 2021)
* As of and is in US$
Hercules Capital Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Growth Capital Financing |
| Public Company Financing |
| Mergers and Aquisitions |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Financing Agreements | In January, the company and Oxford Finance entered into a debt-financing facility with Verona Pharma for US$400 million. |
| 2023 | Plans/Strategy | In August, the company announced its plans for public offering of 6,000,000 shares. |
| 2022 | Financing Agreements | In July, the company and Silicon Valley Bank entered into a term loan debt financing facility with Iveric Bio to provide US$250 million in non-dilutive debt financing. |
Competitor Comparison
| Key Parameters | Hercules Capital Inc | Ares Capital Corp | Golub Capital BDC Inc | Main Street Capital Corp | Triangle Capital Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | San Mateo | New York | New York | Houston | Charlotte |
| State/Province | California | New York | New York | Texas | North Carolina |
| No. of Employees | 100 | 2,800 | 850 | 100 | - |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Robert P. Badavas | Chairman | Executive Board | 2019 | 70 |
| Scott Bluestein | Chief Investment Officer; Chief Executive Officer; Director | Executive Board | 2019 | 44 |
| Seth H. Meyer | Chief Financial Officer | Senior Management | 2019 | 54 |
| Christian Follmanns | Chief Operating Officer | Senior Management | 2022 | 40 |
| Kiersten Zaza Botelho | Chief Compliance Officer; General Counsel | Senior Management | 2022 | 37 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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