VC firm
Heartland
Also known as Heartland Ventures, Heartland Ventures Fund I, L.P., HEARTLAND VENTURES FUND II, L.P., Heartland Ventures Fund III, L.P., Heartland Ventures S12, Heartland Ventures S12 LLC, Heartland Ventures S2, Heartland Ventures S2, LLC
- Investor type
- VC
- Investing status
- Activeas of 2026-09-20Source (opens in a new tab)
- Headquarters
- SOUTH BEND, IN, United States
- Latest fund size
- $35.2MSEC amount sold, as of 2026-02-02Source (opens in a new tab)
- Funds
- 8
- Check size
- $5-30M Equity InvestmentSource (opens in a new tab)
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Record updated 29 September 2026
About
We connect early-stage startups with industrial operators across manufacturing, logistics, real estate, and construction to validate ideas, accelerate revenue, and deliver outsized returns.
Investment approach
- Thesis
- We introduce our portfolio companies to ideal customers who are willing to be early-adopters, and in doing so, give legacy business owners the ability to test, validate, and adopt technology that will help them stay cutting-edge.Source (opens in a new tab)
- Ownership target
- Majority or significant minority ownership
- Eligibility
- Privately held business; Midwest-based; Majority or significant minority ownership
- Traction requirement
- $10M+ In Revenue; $2-10M EBITDA
- Investing status notes
- Investing in cutting-edge tech for industrial businesses
Funds
- Heartland Ventures Fund III, L.P.
- $35.2MVintage 2025, Main fund, SEC amount sold
- Heartland Ventures S12 LLC
- $100KVintage 2024, SPV, SEC amount sold
- HEARTLAND VENTURES FUND II, L.P.
- $49MVintage 2020, Main fund, SEC amount sold
- Heartland Ventures S2, LLC
- $2.5MVintage 2019, Main fund, SEC amount sold
- Heartland Ventures Fund I, L.P.
- Vintage 2017Main fund
- Heartland Ventures S3 LLC
- $1.2MMain fund, SEC amount sold
- Heartland Ventures S7 LLC
- $938KMain fund, SEC amount sold
- Heartland Ventures S6 LLC
- $200KMain fund, SEC amount sold
SEC registration
- SEC CIK
- 1734286, 1790429, 1799242
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