Nick Arnold
Managing Partner at Clove Capital
Indianapolis, Indiana
Overview
Work Experience
Principal
2020 - Current
HG Ventures is the financially-driven venture capital arm of The Heritage Group (THG). We invest and partner with private companies developing new disruptive technologies (software, hardware, and/or materials) and approaches in both THG's core and adjacent markets. We leverage the world class expertise of THG's operating companies and research center to offer a unique value proposition to our portfolio company partners. We invest globally in companies from seed to growth equity stage in industries such as environmental services, industrial waste management, transportation infrastructure construction & materials, and specialty chemicals & fuels. We currently manage $350 million of capital and target investing approximately $50 million per year into new and existing portfolio companies.
Invests in advanced materials and systems for transportation infrastructure, environmental services, and specialty chemicals.
Board Observer
2024
INERATEC has developed a microstructured chemical reactor technology for power-to-liquids applications. The company's technology transforms renewable energy and CO₂ into high value products including electrofuels for sustainable aviation fuel & diesel as well as chemical feedstocks.
Board Observer
2023
Bind-X is the developer of a microbiologically induced bio cement designed to improve the sustainability and profitability of industries by optimizing, customizing, and industrializing biotechnological processes. The company's induced bio cement uses a bio-geochemical process that induces calcium carbonate precipitation within the soil matrix and controls dust more cost-efficiently and in an environmental-friendly way than existing alternatives, enabling clients to control dust and pollution by turning sand into bricks.
Board Observer
2023
Pretred is the manufacturer of industrial use barriers and blocks intended to provide sustainable usage of waste tires and plastic. These products are made from 95% recycled materials, enabling governments, construction companies, and private entities to use more sustainable products available at subsidized costs.
Board Observer
2022
Currents is the developer of a B2B marketplace platform for end-of-life EV batteries. Their software solution connects institutional buyers and sellers across the supply chain including automotive OEMs, fleets, recyclers, and second-life applications.
Board Observer
2022
Circulor is the developer of a B2B SaaS application designed to provide traceability of materials in industrial supply chains. The company uses blockchain and artificial intelligence to provide identity and to track supply chain data of a commodity along the journey from source to consumption, thereby enabling businesses to secure deliveries, manage payments and check the provenance of their raw materials to address their sustainability goals.
Board Observer
2021
Transcend is the developer of a B2B SaaS product designed to automate preliminary engineering design of all kinds of vertical assets. The company's product covers water and wastewater treatment facilities, and in the future other kinds of assets such as data centers, power plants, where it automatically integrates decisions and calculations from each engineering discipline to create a custom preliminary design of a facility including a dozen or more engineering documents and drawings, enabling engineering firms and technology companies to accelerate digital transformation initiatives and improve financial performance through automated design software.
Transcend is an IT company that specializes in software development and infrastructure design automation.
Board Observer
2021
Ateios is the developer of conformal energy batteries designed to provide customizable batteries specifically for medical wearables. The company's batteries are made from a hyper-elastic polymer material made from isoprene that is used to power wearable sensors, solar cells and other kinds of electronics using traditional screen-printing or roll-to-roll techniques, enabling engineers to customize the battery based on the design needs of the product at a reasonable cost.
Ateios is enabling a new generation of thin and flexible electronics with our ultra-thin, conformable, and customizable batteries.
Raised $4,621,000.00 from Upstate New York Energy Storage Engine, ChargeUp Battery Startup Accelerator. and National Security Innovation Capital.
Principal
2020
New Ventures Group The Heritage Group, one of the largest and most diversified companies in the Midwest, is a privately held portfolio of over 50 companies focused on creating long‐term value. Since 1930, it has managed a diverse set of business units with operations in North America, Europe and Asia, and a client network that spans the globe.
The Heritage Group specializes in energy, refining, chemicals, construction, environmental, and recycling sectors seeking opportunities.
Board Observer
2021 - 2025
Former HG Ventures portfolio company - Exited to XBE