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River Cities Capital Funds

221 E. 4th Street, Suite #2400, Cincinnati, OH, 45202, United States

Overview

Growth equity firm investing in high-potential healthcare companies.

Founded

1994

Deals ยท 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series C

Geographic focus

United States

Sector focus

Health Care
Venture Capital

Investment portfolio

52rounds
NAMEDATESIZE
Catalyst OrthoScience
Oct 2025Led
$15 MOther Equity
ModifyHealth
Dec 2024Participated
$14 MSeries C
Catalyst OrthoScience
Sep 2024Participated
$20 MOther Equity
Avive Solutions
Apr 2024Participated
$57 MOther Equity
Elucent Medical
Apr 2024Led
$43 MSeries C
SPR Therapeutics
Feb 2024Participated
$85 MDebt
ModifyHealth
Jan 2023Led
$10 MSeries B
NICO
Oct 2022Led
$13 MOther Equity
Standard Bariatrics
Feb 2022Participated
$9 MSeries B
SPR Therapeutics
Oct 2021Participated
$37 MSeries D
Catalyst OrthoScience
Oct 2021Led
$12 MSeries D
Checkpoint Surgical
Aug 2021Led
$16 MOther Equity
Catalyst OrthoScience
Oct 2025Led
$15 MOther Equity
ModifyHealth
Dec 2024Participated
$14 MSeries C
Catalyst OrthoScience
Sep 2024Participated
$20 MOther Equity
Avive Solutions
Apr 2024Participated
$57 MOther Equity
Elucent Medical
Apr 2024Led
$43 MSeries C
SPR Therapeutics
Feb 2024Participated
$85 MDebt
ModifyHealth
Jan 2023Led
$10 MSeries B
NICO
Oct 2022Led
$13 MOther Equity
Standard Bariatrics
Feb 2022Participated
$9 MSeries B
SPR Therapeutics
Oct 2021Participated
$37 MSeries D
Catalyst OrthoScience
Oct 2021Led
$12 MSeries D
Checkpoint Surgical
Aug 2021Led
$16 MOther Equity
52
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Insights

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Deal Distribution

River Cities Capital Funds: 52 funding rounds are recorded in the selected participation categories.All available history.
River Cities Capital Funds: 52 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A10
Series B43
Series C+116
Other Equity1313
Debt01

Monthly Deal Activity

River Cities Capital Funds: 52 deals are recorded across 222 months.All available history.
River Cities Capital Funds: 52 deals are recorded across 222 months. All available history
MonthDeals
May '081
Jun '080
Jul '080
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '091
Jul '091
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '101
May '100
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '111
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '111
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '122
Mar '120
Apr '120
May '120
Jun '120
Jul '121
Aug '120
Sep '121
Oct '120
Nov '120
Dec '120
Jan '130
Feb '131
Mar '130
Apr '130
May '131
Jun '130
Jul '130
Aug '131
Sep '130
Oct '130
Nov '130
Dec '130
Jan '141
Feb '140
Mar '140
Apr '140
May '140
Jun '141
Jul '140
Aug '140
Sep '142
Oct '140
Nov '141
Dec '141
Jan '150
Feb '150
Mar '150
Apr '151
May '150
Jun '152
Jul '151
Aug '150
Sep '152
Oct '150
Nov '150
Dec '151
Jan '160
Feb '161
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '161
Jan '170
Feb '171
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '171
Oct '170
Nov '171
Dec '171
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '191
Mar '190
Apr '192
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '191
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '211
Sep '210
Oct '212
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '242
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

River Cities Capital Funds: Health & Life Sciences is the largest displayed sector by deal count (33 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

River Cities Capital Funds: Health & Life Sciences is the largest displayed sector by deal count (33 deals). All available history
SectorDeals
Health & Life Sciences33
Enterprise Software15
Networks, Cloud & Communication12
Data, Analytics & IT10
Marketing & Advertising9
Hardware & Robotics5
Transportation & Logistics4
Manufacturing4
Fintech3
Clean Energy & Sustainability2
Consumer & Lifestyle2
AI & Machine Learning2
Food & Agriculture2
Education & Workforce1
E-Commerce & Retail1
Real Estate & Construction1
Space & Frontier Tech1
Media & Entertainment1
Professional Services1
Developer Tools1

Deal Size Distribution

River Cities Capital Funds: 52 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

River Cities Capital Funds: 52 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M8
$10M-$25M27
$25M-$50M9
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

River Cities Capital Funds: United States has the largest recorded deal count among the displayed regions (50 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

River Cities Capital Funds: United States has the largest recorded deal count among the displayed regions (50 deals). All available history
RegionDeals
United States50
100011
Japan1
River Cities Capital Funds: 20 co-investors are shown, with Mutual Capital Partners sharing 10 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

River Cities Capital Funds: 20 co-investors are shown, with Mutual Capital Partners sharing 10 recorded deals. All available history
Co-investorShared deals
Mutual Capital Partners10
CHV Capital3
Apex Venture Partners2
Ascension Ventures2
Ballast Point Ventures2
California Technology Ventures2
Camber Creek2
Charterhouse Strategic Partners2
Core Capital Partners2
Dell Technologies Capital2
Hatteras Funds2
I2A Fund2
Jump Capital2
Meritage Funds2
Nashville Capital Network2
Origin Ventures2
Research Corporation Technologies2
Revelation Partners2
Rex Health Ventures2
Rose-Hulman Institute of Technology2

Investment Strategy

River Cities Capital Funds: Led accounts for 56% and participating for 44% of round participation.All available history.
River Cities Capital Funds: Led accounts for 56% and participating for 44% of round participation. All available history
CategoryDeals (count)Share (%)
Led2956%
Participating2344%
River Cities Capital Funds: Single-lead accounts for 59% and co-led for 41% of lead dynamics.All available history.
River Cities Capital Funds: Single-lead accounts for 59% and co-led for 41% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1759%
Co-led1241%

Team

Adrienne Vannarsdall

CFO

Britney Hamberg

Vice President Marketing

Carter McNabb

General Partner

Daniel T. Fleming

Managing Director

Glen Mayfield

Founder

Parag Rathi

Principal

Rik Vandevenne

Managing Director

Ted Robinson

Managing Director

Vitaly Goldfeder

Principal