Hercules Capital, Inc.

It is a business development company that provides venture capital and debt financing to technology, healthcare, consumer, and education companies. They primarily focus on generating higher yields through opportunistic investments and growth equity.

The firm invests globally in various sectors but places a major emphasis on technology, life sciences, and healthcare companies. They typically provide capital to companies in their growth stages that need funding for expansion.

As a business development company, it generates income through interest payments on its debt investments and returns on its equity stakes. It is structured to pass through profits to shareholders, often resulting in high dividend yields.

While it provides traditional venture debt, it operates as a specialized finance company and business development company rather than a standard VC firm. This structure allows retail investors to participate in the financing of private growth-stage companies.