About Riverfront Ventures
Riverfront Ventures is a venture capital firm founded in 2013. It is primarily based out of Pittsburgh, United States. As of Dec 2025, Riverfront Ventures has invested in 25 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series A round of Handl Health Overall, Riverfront Ventures portfolio has seen 8 acquisitions including key companies like Proofpoint, ALung and Voci Technologies. A lot of funds co-invest with Riverfront Ventures, with names like Draper Triangle sharing a substantial percentage of its portfolio. Riverfront Ventures has team of 4 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 2 more
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Riverfront Ventures' List of Top Investments
Riverfront Ventures has a portfolio of 25 companies. Their most notable investments are in RE2 Robotics and JazzHR.Their portfolio spans across and United States. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 15 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by Riverfront Ventures:1. Proofpoint
Provider of cybersecurity solutions, services, and training for enterprise protection. The company offers a platform securing connections across email, cloud, and collaboration tools. It focuses on protecting people and securing data, addressing threats and data loss. The company provides solutions for collaboration security, data security and governance, and platform technologies.
Key facts about Proofpoint
- Founded Year: 2002
- Location: Sunnyvale (United States)
- Annual Revenue: $1B+ as on Dec 31, 2020
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $86M
- Employee Count: 5,256 as on Sep 30, 2026
- Investors: Sprout Capital Partners, Meritech and 22 Others
- Latest Funding Round: Post IPO, Aug 23, 2019, $*****
- Highlight: Acquired
Provider of data infrastructure, hybrid cloud, and data resilience solutions. The company offers storage platforms, data management, infrastructure as a service, and integrated systems. It provides solutions for AI and analytics, data resilience and compliance, and enterprise applications. The company also delivers virtualization, hybrid cloud, and industry-specific solutions.
Key facts about Hitachi Vantara
- Founded Year: 1989
- Location: Santa Clara (United States)
- Stage: Series A
- Total Funding till date: $6.56M
- Employee Count: 10,451 as on Sep 30, 2026
- Investors: Top Corner Capital and Riverfront Ventures
- Latest Funding Round: Series A, Mar 28, 2008, $*****
- Highlight: Editors' Pick
3. ALung
Developer of extracorporeal CO2 removal system to supplement mechanical ventilation. TheHemolung Cartridge couples a centrifugal blood pump and gas exchange membrane into one device.
Key facts about ALung
- Founded Year: 1997
- Location: Pittsburgh (United States)
- Stage: Acquired
- Total Funding till date: $150M
- Employee Count: 3,609 as on Sep 30, 2026
- Investors: UPMC, Riverfront Ventures and 14 Others
- Latest Funding Round: Series C, May 06, 2021, $*****
- Highlight: Acquired
4. Erin
Cloud-based platform for employee referrals. It allows users to add job openings, notify employees about the same, and receive referrals. It works on an artificial intelligence algorithm to assist employees to identify candidates in their network for referrals. It is a tool available on the subscription based pricing model.
Key facts about Erin
- Founded Year: 2018
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $6.07M
- Employee Count: 67 as on Aug 31, 2026
- Investors: Riverfront Ventures, Grouse Ridge Capital and 5 Others
- Latest Funding Round: Series A, Jun 14, 2024, $*****
- Highlight: Editors' Pick
5. Gridwise
Mobile app for drivers to optimize earnings. It provides market-specific insights to rideshare drivers to help them improve their performance and experience around driving. The app features include airport demand forecasts to let drivers know the best time for airport requests, an overview of city-wide events for potentially higher demand periods, real-time alerts related to traffic/detours, etc. The app also allows drivers to manage multiple taxi aggregator services from a single platform. Its mobile app is available for iOS and Android devices.
Key facts about Gridwise
- Founded Year: 2016
- Location: Pittsburgh (United States)
- Stage: Series A
- Total Funding till date: $23.3M
- Employee Count: 40 as on Sep 30, 2026
- Investors: Scribble Ventures, Riverfront Ventures and 21 Others
- Latest Funding Round: Series A, May 26, 2022, $*****
- Highlight: Editors' Pick
Riverfront Ventures' Year-on-Year Investment Trends
Riverfront Ventures has invested in 25 companies over the last 12 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Handl Health and most recent follow-on round was in Handl Health.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 1 | 0 | 1 |
2023 | 1 | 1 | 2 |
2022 | 1 | 1 | 2 |
2021 | 0 | 0 | 0 |
2020 | 0 | 2 | 2 |
2019 | 3 | 0 | 3 |
2018 | 2 | 0 | 2 |
2017 | 2 | 0 | 2 |
Riverfront Ventures' Investments by Stage
Riverfront Ventures has made 7 investments in Series A stage with an average round size of $5.65M, 4 investments in Seed stage with an average round size of $4.96M, 2 investments in Series C stage with an average round size of $26.3M and 1 investment in Series B stage with an average round size of $24M.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Seed | 4 |
Series C | 2 |
Series B | 1 |
Note: We have considered here, only first round of investments
Riverfront Ventures' Investments by Sector
Riverfront Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, Consumer and Auto Tech. Notably, it has invested in 23 Tech companies, 21 Enterprise (B2B) companies, 19 Software companies and at least 10 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
High Tech | 4 |
Vertical SaaS | 4 |
Consumer | 3 |
Auto Tech | 2 |
Others | 17 |
Note: We have considered here, only first round of investments
Riverfront Ventures' Investments by Geography
Riverfront Ventures has made most investments in United States (14).Riverfront Ventures' recent investments
Riverfront Ventures has not made any investment in 2026 so far.Here are the most recent investments by Riverfront Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 31, 2025 | United States | Series A | 6785 | [+4] | |
Apr 24, 2024 | United States | Seed | 9147 | [+6] | |
Jul 26, 2023 | United States | Seed | 3740 | [+2] | |
Jul 25, 2023 | United States | Series B | 5256 | [+2] | |
Jul 13, 2022 | United States | Series C | 4099 | [+7] |
Acquired companies in Riverfront Ventures' Portfolio
8 companies from Riverfront Ventures' portfolio have been acquired. The most recent acquisition was ALung in May 2022 by LivaNova for $*****.Here are Riverfront Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 05, 2022 | Mar 2017 | Series C | 7304 | |
Mar 28, 2022 | Aug 18, 2014 | Series A | 9666 | |
Apr 26, 2021 | Aug 18, 2014 | Series C | 6942 | |
Apr 26, 2021 | - | - | 4414 | |
Apr 22, 2021 | - | - | 6404 |
Team profile of Riverfront Ventures
Riverfront Ventures has a team of 4 members including 3 Partners located in United States. Riverfront Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Riverfront Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Washington | - | ||
Partner | Washington | - | - | |
Partner | Pittsburgh | - | - |
Co-investors of Riverfront Ventures
Over the past 12 years, 88 investors have co-invested in Riverfront Ventures's portfolio companies. This includes funds and angels.
- Invested before Riverfront Ventures: Birchmere Ventures, Techstars and 28 others have invested in rounds before Riverfront Ventures. There are 3 companies where Birchmere Ventures has invested before Riverfront Ventures and 3 companies where Techstars has invested before Riverfront Ventures.
- Top Co-investors of Riverfront Ventures: 36 investors entered a company along with Riverfront Ventures. These include investors like Draper Triangle (2 companies).
- Invested after Riverfront Ventures: A total of 22 investors have invested in Riverfront Ventures's portfolio after their investments. Top Investors include Matt Vettel (1 company), Nick Cayer (1 company) and Hybrid Capital (1 company).
Recent News related to Riverfront Ventures
•
Handl Health Raises $14.2 Million Series A to Scale Data-Driven Employer Health PlansTipRanks•Feb 24, 2026•Handl Health, Digital Health Venture Partners, Boutique Venture Partners, Mucker and 3 others
•
Handl Health secures $2.5M in Seed Funding to drive innovation for the employer-sponsored benefits ecosystemPR Newswire•Apr 24, 2024•Handl Health, Mucker, Everywhere, Tau Ventures and 5 others
•
Vali Cyber Secures $15M in Seed FundingFinSMEs•Sep 27, 2023•Vali Cyber, Grotech Ventures, 412 Venture Fund, Riverfront Ventures and 1 other
•
Aspinity Raises $5 Million in Series B Funding to Expand Near-Zero Power AI SolutionsSilicon Valley Journals•Sep 19, 2023•Aspinity, Anzu Partners, Birchmere Ventures, Mountain State Capital and 2 others
•
IRALOGIX Adds $22M in Series C Funding to Accelerate FinTech Sector GrowthFintech Finance•Jul 13, 2022•iraLogix, Roan Capital Partners, University Growth Fund, Trog Hawley Capital and 4 others
•
Gridwise Raises $12.7M to Scale Its Gig Mobility Platform for Gig Workers, Cities, and EnterprisesNewswire•May 26, 2022•Gridwise, Crosslink Capital, Autotech Ventures, Switch and 6 others
•
Iralogix Closes $7.5M Series B FinancingFinSMEs•Dec 11, 2020•iraLogix, Great North Labs, Riverfront Ventures, Trog Hawley Capital
•
Aspinity inks $5.3m Series AVCJ•Sep 02, 2020•Aspinity, Anzu Partners, Amazon, Birchmere Ventures and 4 others
•
Maven Machines raises $7 million to scale up fleet management platformFreightWaves•Feb 05, 2020•Maven Machines, Allos Ventures, Hearst, Riverfront Ventures and 1 other
•
Fitt Adds New Funding, Strategic Investor in MINDBODYPRWeb•Oct 15, 2019•Fitt, Mountain State Capital, Riverfront Ventures, Mindbody and 1 other
