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September 17, 2020

HG Ventures’ Frey Named to Powerlist 2020

INDIANAPOLIS, IN – Sept 17, 2020 – The Heritage Group (THG) announced today that Kip A. Frey, its Executive Vice President for New Ventures, has been named to the Global Corporate Venturing (GCV) Powerlist 2020. Published annually, the Powerlist recognizes the world’s top 100 leaders of in-house venture capital groups, drawn from a universe of more than 2,000 corporations that invest in innovative start-ups as part of their corporate strategies.

James Mawson, GCV’s Editor-in-Chief, described the Powerlist as “the global pinnacle in corporate venturing, both in thought leadership and deal-making acumen. Each member of this list leads a corporate venture arm at the forefront of institutional venture innovation.”

 

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September 1, 2020

Woman-Led Tech Startup, MITO Material Solutions, Raises Series Seed Round

INDIANAPOLIS, IN – Sept 1, 2020 – MITO Material Solutions, a cutting edge developer of additives that enable polymer manufacturers to enhance product performance, announced an oversubscribed $1M Series Seed funding round led by two Chicago-based firms, Dipalo Ventures and Clean Energy Trust.

This investment follows MITO Materials receipt of more than $1.1 million in R&D grants from the National Science Foundation and participation in the Heritage Group Hardtech Accelerator powered by Techstars in late 2019. Additional Series Seed investors who participated in this round include Charlottesville, Virginia-based, CavAngels; Indiana-based HG Ventures, Elevate Ventures, and VisionTech Angels; and Oklahoma-based, Cortado Ventures.

 

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