Rittenhouse Ventures | Philadelphia-Based Early-Stage Venture Fund

Emerging Growth Equity

B2B Software

Mid-Atlantic Region

Rittenhouse Ventures is a Philadelphia-based, emerging-growth venture capital firm. We partner with entrepreneurs to deliver right-sized investments, deep expertise, regional relationships, and successful financial outcomes.

The Rittenhouse Advantage

The Right VC Partnership

Entrepreneur-Aligned
Strategic, Operational and Financial Support
Partner from Investment to Exit

“The Rittenhouse team has provided us with valuable connections and strategic guidance, backed up by their years of experience and regional network.”

Marty Michael

CEO, Miria Systems

Best-In-Class Regional Record

Proven Financial Returns
Seasoned Investing Experience
Partnerships with Regional Investors

“With integrity, ongoing support, and the right investment approach, Rittenhouse Ventures has helped us achieve efficient and successful growth.”

Cal Knowlton

CEO, Tabula Rasa Healthcare

A Better Capital Strategy

Right Amount of Capital at the Right Time
Fundraising Approach to Minimize Dilution
Capital-Efficient Growth Strategies

“Rittenhouse was early in recognizing the importance of behavioral health—together, we executed on a long-term vision and established leadership.”

Ravi Ganesan

CEO, Core Solutions

Deep Domain Expertise

Focused Investment Strategy
Expertise in Core Sectors
Fund Advisory and Director Network

“As a member of our Board and early institutional investor, Rittenhouse provided not only the expected VC assistance, but was also very helpful providing many ‘softer’ skills like investment bank selection, board management, and creative fundraising. ”

Lee Jones

CEO, GSI Health

Featured Investments

Core Solutions

Active Investment
Wayne, PA
Healthcare

Integrated behavioral health platform that provides comprehensive Electronic Health Record (EHR) capabilities for various behavioral health settings.

www.coresolutionsinc.com

Energage

Active Investment
Exton, PA
Human Resources - Employee Engagement

Software solutions that measure and improve employee engagement through ongoing workplace feedback tools and annual surveys.

www.energage.com

Vida Diagnostics

Active Investment
CoralviIle, IA
Healthcare — Precision Imaging Software

Precision Imaging platform for pulmonary applications in clinical trials and treatments, providing image analysis tor repeatable lung measurements and sophisticated software for lung bronchoscopy and volume reduction planning.

www.vidadiagnostics.com

GSI Health

Active Investment
Philadelphia, PA
HealthCare — Population Health Management

Patient care coordination platform, empowering providers and care teams to manage, analyze, and engage patients as they move through the care delivery system.

www.gsihealth.com

Tabula Rasa Healthcare

IPO (2016, NAS: TRHC) – Fully Realized
Moorestown, NJ
Pharmaceuticals — Medication Management

State-of-the-art medication management system, combining software and decision support tools that aim to decrease medication related risks, enhance compliance, increase quality of care, and improve medication outcomes.

www.tabularasahealthcare.com

Entelo

Active Investment
New York, NY
Human Resources – Hiring Engagement

On-demand and live interview management platform, coupled with candidate engagement features, in order to hire better candidates faster.

www.entelo.com/

Inspensa

Active Investment
Edison, NJ
Saas Technology – Business Value Management

“Business Value Management” platform for companies to plan, evaluate, and track major project investments, leveraging objective, real-time data for benefits realization.

inpensa.com/

Piano

Active Investment
New York, NY
Media & Advertising – Digital Media Subscriber Management

Software platform for the business management of digital media publishing, providing tools to magazines, newspapers, and new media companies to manage prospective and existing subscriber experiences.

www.piano.io

Latest News

Portfolio News

- Rittenhouse Ventures Most Active VC in Pennsylvania
  June 6, 2017Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment activity in the United States, VCs are spurring other hotbeds of innovation across the country. Read on original publication With this in mind, we used CB Insights data to analyze the most active venture capital firm, by the number of investments into tech startups, in each US state from 2012 to 2017 year-to-date (through 5/17/17). We based our selection on investments into unique tech companies in each state (not counting multiple rounds to the same company). We excluded debt deals, and only considered venture capital, corporate venture capital, super angel, and growth equity firms. When there was a tie across multiple VCs in one state, we used recency of deals, overall deal activity, and investor quality to select the most active tech startup investor for that state. There were various top VCs (aka smart money VCs) making their mark on the map. For example, Andreessen Horowitz (a16z) was the most active investor into California tech startups, Foundry Group was the most active investor into Colorado, and Bessemer Venture Partners into South Dakota. There was just one investor that was the most active VC into more than one state: smart money investor Bessemer Venture Partners was the most active investor into South Dakota and Hawaii. From when we last conducted and published this analysis in May 2016, there have been a number of changes among the list of most active VCs. Most notably, a16z overtook SV Angel as the most active VC into California, although the two firms were still close in absolute terms. Additionally, Accomplice edged past General Catalyst Partners as the most active VC into Massachusetts. Note: The most active VC into Texas, Austin Ventures, failed to raise an eleventh fund and wound down its operations. We have instead featured the next most-active VC into the state, Silverton Partners, in the map below....
- Saul Richter Named a Finalist for Financier of the Year at NJTC’s 2017 CFO Awards
  June 1, 2017About The New Jersey Tech Council is pleased to announce the 2017 CFO Awards Breakfast, an annual event recognizing the accomplishments of financial executives from our region’s diverse tech and life sciences communities. The Council is pleased to honor and celebrate the outstanding contributions of these leading CFOs/Investors. Read on original publication Following the keynote, the program will present awards in four categories: CFO of the Year, Financier of the Year, Deal of Year and the newly named Caren Franzini Hall of Fame Award. Join us for breakfast to meet and celebrate these distinguished leaders. Agenda 7:30 – 8:30 am: Registration and Breakfast 8:30 – 9:10 am: Welcome, James Barrood, CEO, NJ Tech Council Keynote: Karen McLoughlin, Chief Financial Officer, Cognizant 9:10 am: Awards presentation Remarks and Presentation of Caren Franzini Hall of Fame Award by Timothy J. Lizura, President & Chief Operating Officer, NJEDA 9:45 am: Conclusion Finalists The Tech Council is pleased to announce the 2017 CFO of the Year Awards Finalists. Join us on June 9th at Forsgate Country Club as we honor these outstanding individuals and reveal the winners. Congratulations!CFO OF THE YEAR Presented to a CFO of a tech or life sciences firm for outstanding contributions to company’s performance from January 2016 until present. Finalists: Sara Bonstein, Advaxis Glenn Coleman, Integra Life Sciences Rick Glickman, Operative Media, Inc. DEAL OF THE YEAR Presented to the CFO or CEO who successfully completed a merger, acquisition, buyout, buyback, or large round of funding in 2016/2017 resulting in increased revenues and growth for company. Finalists: Jonathan Dambrot, Prevalent Graham McFarland, Cherry Hill Photo Navneet Puri, Nevakar Michael Preston, AdvanSix FINANCIER OF THE YEAR Presented to a CFO, VC, investment, merchant or commercial banker who has contributed to the economic development of state/region’s tech/life sciences communities, including but not limited to the following: Responsible for attracting new capital to state/region; invested in, or loaned capital to local tech/life science companies; and recognized for accomplishments in community education/leadership. Finalists: Jay Bhatti, BrandProject David Horowitz, Touchdown Ventures Rick Kushel, DealCloud Saul Richter, Rittenhouse Ventures CAREN FRANZINI HALL OF FAME Award Presented to a current or former CFO for multiple achievements over an extended period of time, in one company or several, which have elevated him/her to a level of recognition among peers. Finalists: Chip Baird, Amicus Therapeutics Ed Jordan, Billtrust Jay Roberts, Cancer Genetics...

Rittenhouse News

- Prosperoware Announces New Product – PowerDesktop for iManage
  June 17, 2021PHILADELPHIA–(BUSINESS WIRE)–Prosperoware, a thought-leading enterprise software company for governance and adoption, announces its newest product, PowerDesktop – the hybrid Desktop Client for Power Users of Collaboration Systems. PowerDesktop currently supports iManage Work through the iManage Universal API. Read on original publication PowerDesktop is developed for power users to address complex import, export, and reorganization needs in collaboration systems. For over a decade, Prosperoware has been the leading provider in supporting transfer of matter files (import & export) between clients and firms. This next generation of products addresses complex needs of organizations that move large groups of documents and emails between organizations. PowerDesktop, an intuitive and user-friendly desktop tool, will be available in five modules: PowerDesktop – Bulk Operations (available now) Enables users to leverage rich search capabilities to perform bulk operations across tens of thousands of documents, ability to drag-n-drop content, rearrange large workspaces, including moving 10,000+ documents simultaneously. PowerDesktop – Import (available now) Enables users to import tens of thousands of documents and emails from a folder structure or CSV file. Allows for easy remapping of metadata, such as client, matter, and document type, to enable transfer of matter files between firms. PowerDesktop – PST Import (available July 2021) Enables users to import email from .PST files. PowerDesktop – Export (available August 2021) Enables users to export documents, folders, and workspaces in bulk with features to handle special characters, long file names, and more. PowerDesktop – Migrate (available Fall 2021) Empowers integrators and administrators to migrate file shares. “We’re very excited to introduce the first import and export solution based on the iManage Universal API,” says Keith Lipman, CEO & Co-founder of Prosperoware. “As a solution designed for power users, PowerDesktop is tailored to meet the needs of the modern cloud organization, and we look forward to offering it for other collaboration systems in the future.” Key features of PowerDesktop include: Support for iManage Work 10.3 and other upcoming systems Select any destination to import, down to the document level Drag-n-drop documents and folders to rearrange workspaces Download & browse thousands of documents from the iManage server View & access content beyond the current 10,000 document limit Limit types of files that can be imported Secure document import with appropriate access to document content...
- Piano Software Elevates Flagship Product Composer
  March 9, 2021PHILADELPHIA, Feb. 9, 2021 /PRNewswire/ — Piano, the leading subscription commerce and customer experience platform, today announced extensive enhancements to its flagship product, Composer, which empowers publishers and brands to orchestrate and optimize customer journeys across paywalls, content and personalized experiences. Piano’s data collection, segment creation and activation capabilities are now fully integrated with Composer to provide industry-first customer journey design powered by machine learning, allowing clients to influence behaviors using zero- and first-party data. Read on original publication “Piano’s mission has always been to enable our clients to create the most relevant and satisfying customer experiences possible using data and machine learning, and we are constantly improving how we do that,” said Trevor Kaufman, CEO of Piano. “We believe our integrated data and customer experience platform has unlocked the industry’s most powerful targeting capabilities to improve business performance throughout the entire customer journey.” The latest upgrades to Composer allow organizations to capitalize on Piano’s data, as well as their own, in order to boost retention, subscriptions and customer satisfaction in a number of ways: Prevent accidental churn: Refine your targeting and messaging strategies to avoid lost users due to failure to resubscribe. Proactively message dormant users: Leverage out-of-the-box segments to serve trending content to users who have been dormant for two or more weeks in order to increase engagement. Recommend content based on performance: Fuel sophisticated site personalization with Piano’s machine learning content recommendations, which programmatically collect reader data and pair it with Composer segments to target quality content. Apply real-time propensity models: Utilize propensity-based, machine learning segments for launching or fine-tuning subscription strategies—based on real-time subscription scoring and a view into users in each segment. Flourish in a cookieless world: Collect zero- and first-party data, build bespoke segments and customer profiles and use Composer to orchestrate personalized pricing, content and messaging strategies. For most publishers, 2020 offered a surge in paid media subscriptions, largely attributed to COVID-19. The influx of new subscribers also brings common audience challenges that every media company should understand and solve. In fact, Piano benchmark data has found that more than half of subscribers will churn from a monthly subscription within their first year. By enabling media companies to apply real-time data to complex life cycles for the “next best action” for all users, Piano is helping publishers of all sizes and structures maintain their subscription success well into 2021. For more information, please visit piano.io. About PianoPiano enables the world’s largest media companies and brands to accelerate their subscription, advertising, analytics and personalization initiatives in order to engage, monetize and measure content experiences. Piano works with leading global organizations such as Hearst, CNBC, The Wall Street Journal, the Associated Press, NBC Sports, Business Insider, The Economist, Gannett, Le Parisien, TechCrunch, Thomson Reuters, Prometheus, Singapore Press Holdings, MIT, The Telegraph and more than 300 other clients. In 2020, Piano was recognized as one of the fastest-growing, innovative technology companies in the world by Red Herring, World Economic Forum and Deloitte and received Product of the Year from the Business Intelligence Group....

Read all news stories