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The Venture Codex

Riverbend Capital

191 N Wacker Drive, Suite 875, Chicago, IL, 60606, United States

Overview

Riverbend Capital Advisors, LLC is an independent registered investment advisory firm that manages municipal bond portfolios for individual investors and families.

Total investments
4
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Accounting
  • Advice
  • Financial Services
  • Management Consulting
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Investment portfolio

  • Tidal Cyber

    Participated · Equity · Oct 2022

    Tidal Cyber offers a Threat-Led Defense platform that helps organizations measure and improve the effectiveness of their security stack against real-world threats and adversary behavior. The platform operationalizes MITRE ATT&CK and delivers independent tools and services to align security efforts to the threats that matter without vendor bias. Tidal Cyber plans to build a comprehensive CTI and adversary behavior–driven platform to shift organizations from managing intel to proactive, threat-informed defense. The company raised $10 million in Series A funding to accelerate product innovation and fuel company growth. Tidal Cyber was founded in 2022 and is based in Reston, Va. It was co-founded by three former MITRE experts — Rick Gordon, Richard Struse, and Frank Duff — who bring extensive experience in threat-informed defense and related standards and programs. Tidal Cyber offers a Threat-Informed Defense SaaS platform (Enterprise Edition) that aggregates MITRE ATT&CK®, third-party threat intelligence, and internal research to produce Tidal Confidence Scores and Coverage Maps. The platform recently integrated Breach and Attack Simulation (BAS) test results to compare tests against existing confidence scores. The company also maintains a freely available Community Edition used by over 3,000 security professionals globally. Tidal Cyber plans to use new investment to accelerate go-to-market activities, expand sales and marketing, and enhance both Community and Enterprise Editions. The company reported customer and financial growth exceeding 10x over the past year. Founded in January 2022 by threat-intelligence veterans with experience at MITRE and the U.S. Department of Homeland Security, Tidal Cyber aims to lead adoption of Threat-Informed Defense across critical infrastructure segments. Tidal Cyber offers a threat-informed defense platform that embeds the MITRE ATT&CK knowledge base to help security operations teams focus on the most relevant adversarial tactics and techniques. The platform includes a threat profile builder to identify and prioritize relevant threats, a prioritized to-do list for daily defensive actions, a map to optimize defensive tooling, and a proprietary confidence score to assess cyber posture. Tidal’s tools aim to align threats with the right defensive capabilities and streamline communication about an organization’s security program. The company is led by CEO Rick Gordon, CTO Richard Struse, and CINO Frank Duff. Tidal plans to use newly raised capital to accelerate growth of its platform. The company is based in Reston, VA. Tidal Cyber offers a SaaS-based threat-informed defense platform that maps an organization’s security capabilities to adversary tactics and techniques, including MITRE ATT&CK and additional intelligence sources. The platform includes a registry of vendor product capabilities mapped to adversary behaviors to produce actionable insight on defensive coverage, gaps, and overlaps. Tidal provides a free Community Edition that was made generally available at Black Hat USA in early August, featuring enriched technique data and the Tidal Product Registry. The company plans an enterprise edition with enhanced features, including reporting driven by a Tidal Confidence Score to help evaluate and communicate cyber risk reduction. Led by CEO Rick Gordon, Tidal intends to use the new funding to expand the platform and ramp up customer acquisition. Financially, the company raised $4M in funding to support these product and go-to-market efforts.

  • RoundlyX

    Participated · Seed · Feb 2022

    RoundlyX operates a mobile platform that lets users round up daily purchases and invest the spare change in Bitcoin and other digital currencies. Founded as Coin Savage in 2017 by Andrew Elliott and Will Trible, the company positions itself as the "Mint.com of digital assets." It closed a $2 million seed round in January and has now raised $3 million in total, following an $800,000 pre-seed in 2021. The upcoming mobile app rollout—which Elliott said factored into the company's valuation—is expected in about a month. Investors include return participants Virginia Innovation Partnership Corp. and Allied Venture Partners alongside new backers such as Frontier Venture Capital, Riverbend Capital, the Blockchain Founders Fund, Orange DAO, MCMA Ventures and Gaingels. Management plans to pursue integrations into sports betting and gaming to broaden acquisition channels. RoundlyX offers a universal SaaS toolset that connects to existing digital-asset exchange infrastructure, letting users manage scattered exchange accounts from one dashboard. Core features include Roundup Investing, curated content, and aggregated services to help users invest responsibly in Bitcoin and other digital assets. The company has expanded beyond the U.S., enabling users to connect to European and UK banks to round up spare change into digital assets. RoundlyX says user growth has accelerated alongside rising interest in cryptocurrencies: it handled several thousand dollars in orders per day in mid-2020 and about ten times that by the end of the year. The startup plans to use the latest investment to support continued user growth and further product adoption as digital assets become more mainstream. The platform is headquartered in Richmond, Va. RoundlyX is a SaaS digital asset wealth management platform that automates spare-change roundups to purchase and hold cryptocurrencies on users' chosen exchanges. Users link debit or credit cards and RoundlyX rounds purchases to the nearest dollar, accumulates roundups, executes buys on integrated exchanges (Voyager, Coinbase), and holds assets in the user's exchange account. The platform uses end-to-end encryption and read-only access to bank accounts or cards for roundup calculations, and supports single-asset or diversified portfolios with optional roundup multipliers. RoundlyX offers curated analyst portfolios ranked by returns, plus subscription access to analyst content and trade alerts for users to mirror or follow. Capital from the CIT GAP Funds investment will be used to scale the application, integrate curated news and analysis feeds into the dashboard, and expand internationally. The company positions itself to help new investors adopt dollar-cost-averaging strategies for building digital asset exposure.

  • Native

    Participated · Equity · Apr 2019

    Native is an on-demand marketplace that connects global organizations with local contributors who collect on-the-ground data such as pricing and store checks. The company operates in over 30 countries and maintains offices in New York, Washington DC, London, and Bogota; the CEO also stated they operate in over 35 countries and in more than 16 languages. Native serves major brands and public-sector clients by delivering fast, affordable market research, geospatial mapping, and ground-truthing without traditional research intermediaries. Prior to the round the company hired senior operations and sector talent from Uber, PepsiCo, IRi, and Orbital Insight to scale global operations and enterprise work. The company was listed as a technology company to watch in 2019 by Built In New York. Native closed a $2.5 million financing to fuel global growth and expand its on-demand market research offering.

  • VEDA Data Solutions

    Participated · Seed · Feb 2018

    VEDA Data Solutions operates a platform that uses AI and machine learning to increase the accuracy of healthcare directories. The company was cofounded about five years ago by astronomer Dr. Bob Lindner and political entrepreneur Meghan Gaffney Buck. Gaffney Buck is the company’s CEO and Lindner serves as CTO. VEDA plans to use the new funding to expand its AI automation platform. Prior to this round the startup raised $2 million across two seed rounds. The $5 million Series A brings the company’s total venture capital raised to $7 million to date. VEDA Data Solutions builds a platform that keeps healthcare provider directories accurate by updating data every 24 hours and operating without a dashboard. The company was founded by Meghan Gaffney Buck and astrophysicist/CTO Bob Lindner. VEDA is seeking to introduce its platform to more health systems and insurers and plans to hire following the latest funding. Financially, the startup closed a $1 million seed round led by New Dominion Angels; this follows an earlier $1 million seed round in the fall also led by New Dominion Angels. Participating investors in the latest round included Riverbend Capital and Vidinovo. Buck has said that inaccurate directory data is a pervasive problem that collectively costs insurers $3 billion.

Team

No current team members are available.