# Heron Capital: portfolio, investments and team > Heron Capital is a vc firm based in United States. 8 investments on record, latest Jun 2015. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/heron-capital (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Heron Capital Last cheque observed Jun 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email VC firm Quiet Last fund $2.0M, May 2015 Seed Series A Growth Food And Beverage Market Research Biotechnology Follow Heron Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fheron-capital) Cheques on record **0%** of best year **0** **cheques in 12 months**, 8 on record Since the last cheque **4169** days **00** hrs **00** min **00** sec Median round **$12M** Rounds led **0 of 8** Exits **2 from the portfolio** Mostly in **United States, 100%** Pitch Heron Capital ## Heron Capital highlights - 01 8 rounds on record - 02 Mostly Series D and Growth: 63% of its rounds - 03 2 exits from the portfolio ## What they do > Heron is funded by its principals. We make decisions at a table of two. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Growth - **Sectors:** Food And Beverage Market Research Biotechnology - **Based in:** Indianapolis, United States - **Cold pitches:** Accepted ## The record Every round we can evidence, newest first **8 appearances** - **2015** 1 round - **Jun** **[NeoChord](https://millionrounds.com/company/neochord)** Series C · US **$20M** With 5 others - **2014** 1 round - **Sept** **[AirXpanders](https://millionrounds.com/company/airxpanders)** Series E · US **$1.0M** With 3 others - **2012** 3 rounds - **Oct** **[Scale Computing](https://millionrounds.com/company/scale-computing)** Series D · US · techcrunch.com **$12M** With 7 others - **Apr** **[AirXpanders](https://millionrounds.com/company/airxpanders)** Series D · US **$11M** With 4 others - **Jan** **[AirXpanders](https://millionrounds.com/company/airxpanders)** Growth · US **$10M** With 4 others - **2010** 1 round - **Oct** **[IDEV Technologies](https://millionrounds.com/company/idev-technologies)** Series D · US · finsmes.com **$46M** With 4 others - **2008** 1 round - **Jul** **[Celleration](https://millionrounds.com/company/celleration)** Series D · US **$30M** With 10 others - **2006** 1 round - **Dec** **[AirXpanders](https://millionrounds.com/company/airxpanders)** Venture · US **$4.0M** With 1 other An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **2 named** GA **Greg A. Maurer** Executive Officer i Filing they signed KL **Kevin L. Etzkorn** Executive Officer i Filing they signed We also hold **5** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **1** of 1 we have independently watched raise [Arcamed](https://millionrounds.com/company/arcamed) Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Exits from the portfolio Companies it backed that were later bought or listed **2 in all** **[Celleration](https://millionrounds.com/company/celleration)** Bought by Alliqua **$30M** Feb 2015 **[IDEV Technologies](https://millionrounds.com/company/idev-technologies)** Bought by [Abbott Labs](https://millionrounds.com/fund/abbott-labs) **$310M** Jul 2013 An exit counts when it came after the firm's first round in the company. From historical deal records. Latest fund on file **$2.0M** raised in May 2015 From its SEC filing. Nothing newer is on file yet. ## The cheque Seed Series A Growth Median round joined **$12M** the round, not its cheque Led 0 of 8 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Jun 2015 - **Exits:** 2 from the portfolio Rounds by stage said on their site - Series D *4* - Growth said *1* - Series C *1* - Series E *1* - Venture *1* - Seed said *-* - Series A said *-* Cheques by year Led Joined 2006 2015 Often in the room with - [Prolog Ventures](https://millionrounds.com/fund/prolog-ventures) 4 - [GBS Ventures](https://millionrounds.com/fund/gbs-venture-partners) 3 - [Vivo Ventures](https://millionrounds.com/fund/vivo-ventures) 3 - [CHV Capital](https://millionrounds.com/fund/chv-capital) 2 **Pitching Heron Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Heron Capital. A count of rooms they were both in, not a relationship either has claimed. [**Prolog Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/prolog-ventures)[**GBS Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/gbs-venture-partners)[**Vivo Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/vivo-ventures)[**CHV Capital** Growth equity **2** rounds together](https://millionrounds.com/fund/chv-capital) ## Quick answers about Heron Capital ### What does Heron Capital invest in? Heron Capital invests most often at Series D and Growth (63% of the rounds on record), in sectors such as Food And Beverage, Market Research and Biotechnology. ### How active is Heron Capital? 8 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2015. ### How big are Heron Capital's cheques? The median round it joins is $12M. ### Does Heron Capital lead rounds? Rarely, if at all: none of its 8 investments on record names it as the lead. ### Where does Heron Capital invest? Most of the companies it backs are in the United States (100%). ### Is Heron Capital investing now? No investments in the last 12 months; the latest was in Jun 2015. ### Who does Heron Capital invest alongside? Most often Prolog Ventures (4 rounds together), GBS Ventures (3 rounds together) and Vivo Ventures (3 rounds together). ### What kind of investor is Heron Capital? Heron Capital is a VC firm based in Indianapolis, United States. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=heron-capital) · [Is this your firm? 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