Hercules Capital, Inc.

Hercules Capital, Inc. is a business development company that provides financing solutions to privately held and select publicly traded companies across venture, growth, and established stages. The firm specializes in structured debt with warrants, senior debt, and equity investments, with transaction sizes typically ranging from $5 million to $200 million in equity and $1 million to $40 million in debt. Its financing solutions include venture debt, growth capital, asset-based lending, equipment financing, bridge financing, and customized structures such as convertible loans and mezzanine debt.

The company focuses investment activities on technology, software-as-a-service, energy technology, sustainable and renewable technology, and life sciences sectors. Within these areas, it targets subsectors including enterprise software, semiconductors, biopharmaceuticals, biotechnology tools, medical devices, clean energy, and advanced materials. Investments are primarily structured with maturities between two and seven years, with the firm generally seeking controlling or significant minority equity positions and co-investing alongside other private equity firms.

Headquartered in San Mateo, California, with additional offices across North America and Europe, Hercules Capital operates with approximately 100 full-time employees. The firm was incorporated in Maryland and trades on the New York Stock Exchange. It primarily invests in U.S.-based companies, with particular focus on the West Coast, Mid-Atlantic, Southeast, and Midwest regions, concentrating on portfolio companies with established operational histories of at least six to twelve months.