INDIANAPOLIS – May 17, 2022 – HG Ventures, the corporate venture arm of The Heritage Group, today announced that its Managing Director, Kip A. Frey, has once again been named to the Global Corporate Venturing (“GCV”) Powerlist 2022—representing the top 1% of corporate venturing leaders spearheading the industry’s future. Frey was named to the Powerlist for the third straight time, and this year ranked among the top 25 in GCV’s global rankings.
The Powerlist “allows the strategic, financial and leadership components of the best leaders to shine through,” said James Mawson, Editor-in-Chief of Global Corporate Venturing. “With more than 6,000 corporations having invested minority stakes in private entrepreneurs over the past decade, every year selecting the Powerlist gets harder and harder.” But, he added, “the persistence of the top performers in building networks, selecting deals and adding value remains strong.”
The Heritage Group tapped Frey to launch HG Ventures in 2018, leveraging his more than 25 years of experience in entrepreneurial and venture capital leadership. He previously served as Vice Provost for Innovation & Entrepreneurship at Duke University, and before that was a partner at venture capital firm Intersouth Partners. Additionally, Frey has served as CEO on seven different startup ventures. Under Frey’s leadership, HG Ventures has invested more than $178 million across 30 hardtech startups, all aligned with The Heritage Group’s core mission of providing sustainable solutions in specialty chemicals, environmental services, and transportation infrastructure.
“Congratulations to Kip and our HG Ventures team,” said Amy Schumacher, CEO of The Heritage Group. “From a standing start in 2018, Kip created a fully-functioning business unit that has become a central hub for innovation, disruptive investment, and entrepreneurial spirit at The Heritage Group. He has recruited a world-class team, produced stellar financial returns, enhanced the culture at THG, and built a globally prominent corporate venturing brand. These results have far exceeded our most optimistic expectations.”
About HG Ventures:
HG Ventures is the corporate venture arm of The Heritage Group, headquartered in Indianapolis, Ind. HG Ventures supports innovation and growth across The Heritage Group by investing and partnering with innovative, high-growth companies to support a sustainable future. The team leverages the world-class expertise of The Heritage Group operating companies and research center to offer a unique value proposition to its portfolio company partners. www.hgventures.com.